Online boutique Etsy — think of it as a hipper eBay for handmades — would be just another dot-com, except for the familiarity of its funders. VC Fred Wilson names the Etsy angel investors:

"How geeky are you," asks Newsweek, ruining a perfectly good cover story with an awkward quiz. Bad enough that half of it is desert-island questions; even worse that the "desert-island book" options don't include the Hitchhiker's Guide to the Galaxy.

Everyone knows that Caterina Fake and Stewart Butterfield were made for pretty photos. Flickr's founding couple does a great job sexing up the cover of the latest Newsweek as the poster children for the new feel of the Net. In case you missed the last three years of what Newsweek calls "the Living Web," here's an intro to the cast.

On Sunday, Yahoo's "got bought and loving it" group — Upcoming, del.icio.us, and Flickr — threw the most star-studded SXSW party after the official Interactive Finishing bash. Among the sparkling attendees: Craig Newmark, the San Fran developer crowd, and a gaggle of Internet-famous folks. Beer, margaritas, and t-shirts flowed freely. Here are the people worth jokin' about, with photos from Scott Beale's SXSW gallery.

Right. Valleywag's been called "ValleyWag" too much to ignore. A quick guide to Valley capitalization, spacing, and punctuation:

Digg founder Kevin Rose ritually denied the rumor that Yahoo bought his social bookmark venture for $40 million (or was it $30 million?). Let's weigh the possibilities.