Mike Arrington has a post up at TechCrunch about Parakey, the embryonic startup that featured Mozilla whiz-kid Blake Ross as a co-founder. According to Mike, some of the VCs who put money into Parakey are miffed that they only got cash after Facebook bought Parakey, while Ross and his co-founder got Facebook stock, which could be worth millions. Says Mike:
The acquisition price, say two sources close to the deal, was paid in cash and was “less than $4 million,†providing investors with just a 2x return on their investment.
This is how bizarre things are in Silicon Valley: Venture capitalists put money into an early-stage startup, and double their money in just six months, while the guy who sells his company gets no money at all — just stock in a company that might someday be bought or go public with a (theoretically) multibillion-dollar valuation. And the VCs are the ones who are pissed.

I remember talking to VOIP pioneer Jeff Pulver at VON Canada a year and a half ago and having him describe how he was sitting in a hotel room in Jerusalem watching TV on his laptop and decided to change the channel — at which point, his wife called him on his cellphone from their home in Long Island and yelled at him for changing the channel, because she was watching TV streamed from the Slingbox on her laptop in their bedroom. That story (along with my pal Stuart MacDonald’s post about