And here am I, working without a penny of that $100,000,000 investment fund, on a means of enabling readers to pay bloggers a penny for each item that appears in their RSS feed (1p2U.com).

The moral of the story is that RSS Fund founders John Palfrey, Jim Moore, Richard Fishman, and Steve Smith and Tom Crowley were just bullshitting when they told the world they had a $100 million investment fund.

This is worth keeping in mind the next time Palfrey and the others make grandiose claims about a tech venture they're involved in.

My guess is that it's accepted practice in the VC world to tell people you have the money you wish you had, as opposed to your actual bank balance.

I just started a $200 million investment fund. We just made a series of investments in Marvel and DC comics, along with whatever company makes the plastic bags and backing boards to hold them in. Wish us luck.