Getting rich by blogging is "another high-tech fairy tale," writes Dan Lyons in Newsweek. He should know — he tried and failed, with nothing to show for his blogging career but 20 extra pounds.

So much for Silicon Valley's latest get-rich-quick scheme. Facebook CEO Mark Zuckerberg has cancelled a plan to let employees cash out their shares early.

Silicon Valley still dreams of the mythical equity culture — the notion that if you make your employees shareholders, magic happens. What it really does is make them as avaricious and obsessed with short-term gains as your average shareholder. Yahoo's owner-employees are as eager to unload their shares as the rest of…

Connected Ventures cofounder Zach Klein — the guy who spread a rumor that the Mormons were trying to buy Facebook — continues his stay in San Francisco. The latest phrase he's learned from the natives: "vesting in peace."

The stock-options backdating scandal, which bored Silicon Valley the day the SEC first announced its investigations, continues. The latest to disclose a brush with the law: Google. Google has not been accused of misleading investors by moving up the grant date of stock options, making them more profitable for the…

Talk about spoilers. Bloomberg News reports that Judge Jeremy Fogel has dismissed a lawsuit claiming Apple CEO Steve Jobs and his executives lied to shareholders about backdating 6,428 stock-option grants issued from 1997 to 2002. With apologies to Fake Steve apologists, there's no longer any reason to read Dan…

The slight case of sniffles and coughs making the rounds in SF has been dubbed the Woz Cold. Urban legend has it that Apple cofounder Steve Wozniak appeared to introduce Fake Steve blogger Dan Lyons on the Peninsula a week ago despite a nagging head and/or chest cold, depending on who you ask. Woz shook hands and…

New York Times reporter Saul Hansell wails on a bogus reporter's convention, "writing about rises in stock prices as good and declines as bad. The story can equally well be told in the reverse. Every stock sale has a buyer and seller. Why shouldn't the headline be: Millions Now Can Buy Stocks Cheaply for Retirement…

The dirty secret behind last night's book-tour party for Dan Lyons, the man behind the Fake Steve Jobs blog? Rumor is it almost didn't happen, thanks to a little tiff over who was going to rep him. Flack fight! After the jump, the real battle over Fake Steve.

The Q&A session at the Computer History Museum last night was billed as a talk between former Apple evangelist turned venture capitalist Guy Kawasaki and former anonymous blogger turned book shill Dan Lyons, better known as Fake Steve Jobs. But it quickly turned into a sordid three-way. Brad Stone, the New York Times…

Options author Dan Lyons was Friday's guest author at Stacey's Bookstore in San Francisco's financial district. Several audience members — seemingly unaware that Lyons had written a parody about Steve Jobs — grilled the Forbes editor turned humorist on Apple's lack of corporate philanthropy and the allegedly…

At yesterday's book signing at Keplers in Menlo Park, Apple cofounder Steve Wozniak penned this inscription on the pages of Dan Lyons's Steve Jobs parody novel, Options: "I like this Steve J. better than the real one." Was he kidding? Maybe. But many a truth is said in jest.

So I'm here at Keplers, the bookstore in Menlo Park, with a bunch of Stevetards waiting for Dan Lyons, the faux Apple CEO who pens The Secret Diary of Steve Jobs and the new book Options, a parody memoir of Steve Jobs. He's here for a book reading, and Apple cofounder Steve Wozniak has taken the podium to introduce…

Yes, tonight's the night. Dan Lyons as Fake Steve Jobs is meeting Segway-polo fanatic Real Steve Wozniak for an Options reading at the Menlo Park Keplers at 7:30. This is a party that we just can't miss. Some of us anyway. My boss is too cheap to let me expense a Virgin America flight cross-country. Owen "Mr.…

Marina boys, pretty pictures and Steves real and fake in Menlo Park. All in tonight's Valleywag Calendar.

Options, the parody Steve Jobs novel, has totally surprised those of us who expected a throwaway. It's 248 mostly hilarious pages, with a tight story line and a protagonist who evolves credibly. You can read my enthusiastic review in Wednesday's Wall Street Journal, where it's the business book of the week. But more…

Put down the Viking helmet and champagne, Facebook founders. There's actually a downside to that $15 billion valuation. Facebook plans to double its workforce from 350 to 700 in the next year, but that might be difficult, the Wall Street Journal argues. Why? Because the high valuation raises the value of stock…

Last week I bitched wrote about a delayed order for the new Fake Steve Jobs book, Options, from Amazon.com. An email from the online store told me that the book, out today at a Borders near you, had been rescheduled for a December shipment. I emailed CEO Jeff Bezos with my sob story and got a very apologetic email…