Valleywag reported in January that the May-December couple — he's 64, she's 28 — had switched the location of their wedding from Hinze's paparazzi-friendly Sydney to the more remote Necker Island. Now PEHub, a venture-capital blog, confirms that the couple are wedding on Necker.

The notion that Necker will keep the ceremony private seems curiously outdated, though, in this age of oversharing. After all, when Larry Page, the Google founder, married Stanford Ph.D. and ex-model Lucy Southworth in late 2007, one of the wedding guests sent Valleywag a close-up pic of the couple's first kiss (left).

Better yet: Since YouTube cofounder Chad Hurley is Clark's son-in-law, we'd hope guests would be sporting videocameras, the better to leak clips with.

Another famous guest, according to the Daily Telegraph: Film mogul Harvey Weinstein. Hinze hosts the Australian version of Project Runway. She spent the past few days at Walt Disney World celebrating with her sister and other family members.

Last month, the Clark, who turns 65 this year, and Hinze held a secret party in a posh Sydney suburb to celebrate the engagement. Australian newspapers reported that the couple would marry in Sydney in March.

But a source on the British Virgin Islands tells us that there are preparations underway for the wedding of a "Netscape big." Netscape cofounder Marc Andreessen is already married, as is former CEO Jim Barksdale, so the ceremony is almost certainly for Clark. Could the Sydney location be a ruse to throw off the tabloids?

Necker, Branson's private estate in the British Virgin Islands, is a good location to avoid paparazzi. A local said the currents make it hard for their boats to approach. But we suspect it won't matter. A guest at the wedding of Google's Page sent Valleywag a snap of him kissing his bride, Lucy Southworth. YouTube founder Chad Hurley, who married Clark's daughter Kathy, will surely be on the invite list. Maybe he'll post a clip! Oh, and if anyone has an invite to the Clark-Hinze bash, care to send us a scan?

Hinze, the host of Project Runway Australia, was first spotted on Clark's $100 million megayacht, the Athena, two years ago, while Clark was wrapping up a $125 million divorce settlement with ex-wife Nancy Rutter, a former Forbes reporter, PEHub notes. Small world: Hinze will be YouTube founder Chad Hurley's stepmother-in-law. He's married to Clark's daughter Kathy.

On Microsoft:

Microsoft can build software, when they choose to.

On investing in startups:

I usually put in $25,000 to $100,000 per company. My philosophy is to put in a small enough amount of money that I won't get mad at the founder if I lose it.

Translation: Marc Andreessen is so rich that he can lose $100,000 and feel nothing.

On the failure of Friendster:

Friendster was very restrictive on what users did. You were supposed to connect because you know each other in real life, not, as [founder Jonathan] Abrams said, 'because you both like Reese's Peanut Butter Cups.' But sometimes you want to put your chocolate in her peanut butter.

Yes, he really said that.

On his deathwatch for the New York Times:

I don't want to become the crazy anti-New York Times guy. You have to do what Intel did in 1985. The Japanese chipmakers were killing Intel in the memory-chip market. It got out of memory chips and focused on the much-smaller microprocessor market. I would turn off the printing presses.

On his mentor and Netscape cofounder, Jim Clark:

I could tell you a lot of stories about his life [in Florida], but I won't. He's dating a 26-year-old Australian swimsuit model. I just ran into an entrepreneur who said, "I just ran into Jim Clark at a resort town in Italy. Jim was in a hot tub carved into the side of a mountain." I said, "Yes! That was Jim Clark."

On the iPhone's price:

Give it a year, it will be down to $99. Give it another year, it will be free.

On his motives for giving away his money:

My wife teaches philanthropy at Stanford Business School. I would be in big trouble if I weren't hugely committed to it.

On his relationship with Microsoft CEO Steve Ballmer:

He's my Facebook friend. He's my Facebook 'friend.' [makes air-quotes gesture] I'll stop there.

"I never thought I was going to date an older man," Hinze told the Australian magazine. Clark's daughter Kathy is 10 years older than Hinze — and married to YouTube founder Chad Hurley. Hurley's site currently only has one video of his prospective mother-in-law, but that's sure to increase after her TV career takes off.

Of course, in Silicon Valley, an obsession with yachts isn't unusual, either. Though for Shaw to catch sharks like Oracle's Larry Ellison, his boss of six years in the '90s, he's going to need a bigger boat

The pair also face a potential lawsuit from residents upset at never getting the spa, restaurant and lounge Clark and Jermoluk promised for the building. "When we closed on the unit and walked through the lobby, we were like 'O.K., this looks kind of bland,'" one resident told the Times. "There's nothing for me to do but try and sell it." The buyer might have tried checking out the pair's full business records — something even the Times didn't bother to do. While he made a mint with Netscape, Clark's Healtheon struggled before merging with rival WebMD. SGI is on life support, a shadow of its former self. And Jermoluk is best known among Valley insiders for steering Excite@Home towards bankruptcy amid persistent rumors of a nose-candy problem.

Software makers have standard terms for stuff that isn't ready to sell to customers yet. Distilling the extensive Wikipedia entry to two lines:

• alpha — the first protean, buggy, incomplete version of a program worth test-driving. It has nothing to do with "alpha geek," a self-deprecating pun on alpha male.
• beta — an almost-ready version, shared with customers willing to report the bugs.

Alpha and beta are just Greek for a and b. They were, anyway, until 1994, when Netscape accidentally turned "beta" into a World Wide Web buzzword by giving away over a dozen beta versions of its browsers in three years. For Web hipsters, using Netscape's buggy beta features shifted from an option to a requirement. If you don't remember pounding your keyboard over Finnish sites that locked you out with "go install Netscape 2.0b3," you weren't really there.

Today, beta gets thrown around as a metaphor for "newer" rather than "not ready," applied to amorphous Web content and services rather than precisely numbered computer programs. It's confusing: Is Business 2.0 Beta really next month's print magazine, blogged for factchecking and typos by willing test readers? That'd be even ballsier than the issue they outsourced to India.

If you're not talking software, leave alpha and beta to the twinks who put "2.0" after any slightly changed version of anything. Instead, SVUG recommends these advanced metaphors:

• How's that business plan coming? "I can send you a pre-alpha if you promise not to laugh."
• Is your blog redesign live yet? "I think I've got a release candidate, wanna see?"
• Dude, you're writing for Valleywag 2.0! "Nah, it's more like Valleywag 1.1."