Geeks have great t-shirts; why shouldn’t venture capitalists have some too? The love/hate relationship between VCs and entrepreneurs could tilt a little towards love if the VCs would ditch their light blue dress shirts for some of these funny, goofy t-shirts. On second thought, maybe not.

Suggestions:

“1% of the market, huh?”
“I’ll fund you – fo’ sho’” – inspired by that horribly laughable movie Superbad.
“You’re gonna make me rich”

News Corporation (NWS-A) and its Myspace subsidiary announced the formation of an incubator named Slingshot Labs. It will be seeded with about $15 million to hire a team of software developers. The goal of Slingshot will be to create new Internet technologies and startups to bolster News Corporation’s properties in Web media, especially social networking giant Myspace.
Myspace has witnessed a significant slowing of growth while watching archrival Facebook achieve healthy expansion over the past year. Even Microsoft (MSFT) bought into the phenomenon by investing $240 million in Facebook at a …

The New York Times (NYT) is reporting that Yahoo’s (YHOO) board plans to reject Microsoft’s (MSFT) $44.6 billion bid, launched about a week ago. This on the heels of an article, titled Yahoo Sale Could be Bad for Minnows, in which the New York Times explored the implications of the potential diminishment of one of the traditional “exit strategies” for entrepreneurial startups. Venture capitalists and startup entrepreneurs have long adhered to a playbook of creating cutting edge technology with the hope of being acquired by the big three of Google …