The present invention provides substantially monodisperse colloidal nanocrystals and new preparative methods for the synthesis of substantially monodisperse colloidal nanocrystals. These synthetic methods afford the ability to tune nanocrystal size and size distribution. By using non-coordinating solvents in the synthetic process, these procedures constitute easier, less expensive, safer, and more environmentally "green" methods than those currently in use. This invention is generally applicable to any II VI or III V semiconductor material, and may be useful in generating metal-nonmetal compounds involving transition metals as well.