Venture capitalist Lee Lorenzen has profited from the hype about Facebook applications. And he'd like to share. In a message he sent to reporters — the recipients were apparently chosen because they wrote about two of his startups, Adonomics and TheUADA — he's offering to let them invest in a financing round for the companies. I'll spare you the lectures about journalistic ethics: Michael Arrington already writes about startups he's invested in at TechCrunch. Why can't everybody play this game? Ah, well, there's the hitch in Lorenzen's plan: He likely has no clue how little money reporters make, compared to the programmers and executives of the Valley. While buying into a startup on the cheap in a seed round might sound like a promising investment, most journalists would rather get a guaranteed 18 percent return by paying off their credit cards. Why not just send reporters a check for every positive story they write? That seems easier. Here's Lorenzen's letter: