<![CDATA[Gawker: valleywag, charles river ventures]]> http://tags.gawker.com/assets/base/img/thumbs140x140/gawker.com.png <![CDATA[Gawker: valleywag, charles river ventures]]> http://gawker.com/tag/valleywag/charlesriverventures http://gawker.com/tag/valleywag/charlesriverventures <![CDATA[Event overload]]> drinks-on-reddit.gifTonight's a big one on the social scene — and Web 2.0 Summit hasn't even opened yet. Have a hearty meal and drink lots of water beforehand. You'll need to fortify your defenses to get through the night. Oh, and practice your French, too. Mais oui!

  • The French Embassy is having a soirée at 5:30 at Mighty in Potrero Hill. [Facebook]
  • The Wall Street Journal's Don Clark leads the Third Annual Tech Industry Charity Jam at 7 p.m. at the Rickshaw Stop. [Jam Party Invite (pdf)]
  • The DNA Lounge, owned by early Netscape employee turned nightclub promoter Jamie Zawinski, hosts Ignite SF, a networking event with presenters ranging from Charles River Ventures VC Susan Wu to San Francisco mayoral candidate Chicken John. [Upcoming]
  • Conde Nast's news-aggregator site Reddit is hosting an open bar at the Gallery Lounge from 7-9 p.m. [Reddit Blog]
  • We hear that VCs Eric Chin and Mike Jung are throwing an intimate get-together at Fluid, 2 South Park Street in SoMa, to bring together all of the guests from their monthly Alpha dinners in Woodside.
  • Got a to-do that's a must-do? Send it to calendar@valleywag.com. Check out more events on our Google Calendar:

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<![CDATA[TechCrunch40's VC sponsors]]> A Valleywag tipster whispers that a company that had made the initial cut of 20 companies for the Techcrunch40 conference — back when it was known as "TechCrunch20" — got bumped when conference organizers "doubled down" and expanded the list to 40 startups. The company's sin? Competing with a startup funded by one of TechCrunch40's four VC sponsors. The competitor got bumped, and room was made for a sponsor-backed startup. "Ah, the Valley mafia at its finest," the tipster concludes. Of course. Sand Hill Road was built on conflicts of interest.

If true, then the organizers — Internet entrepreneur Jason Calacanis and TechCrunch editor Michael Arrington — have figured out a very clever hack on the startup-conference business model. Instead of charging startups directly, charge venture capitalists to let their favored portfolio companies in. And throw in a handful of unfunded startups to make it all look above-board. Surely the sponsors — Sequoia Capital, which has backed Calacanis's Mahalo; Mayfield Fund; Charles River Ventures; and Clearstone Venture Partners — would heartily approve of this scheme. It's brilliant. Ingenious. My hat is off to you, Jason and Michael, if you have indeed pulled this off.

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