Thanks to a site devoted to web2.0 skewering, sarcasm and satire, I now have a better understanding of Venture Capitalism (Matt Marshall, where are you?  There’s a great article that’s waiting to be digged dugg scaped reddited shoutited submitted somewhere — but then again, he’s probably not into article marketing so … )

Valleywag shakes off its thin veil of smarm to talk about different sources of investing.  Its broken down from VC’s, to hedgefunds, and angel investors and more.
Here’s how it breaks down personal credit:

• When is it healthy to run up a 20%-interest-rate debt on plastic? When it’s cheaper than running up a 200%-interest-rate debt on VCs.
• Of course, you could also rely on your own cash reserves, as many startuppers do with their second companies — Evan Williams, for example, who used his windfall from selling Blogger to Google to buy out the investors in his new company, Odeo.
• Ironically, credit card funding is a far cry from other way to borrow from banks…

Anyway, otherwise a nice breakdown for those of us not part of the industry.  Check it out.