Today in Connected Consumer

With one day to go before the House Judiciary Committee is scheduled to vote on the controversial Stop Online Piracy Act, the maneuvering around the bill is going hot and heavy. On Tuesday, committee chair and chief sponsor of the bill Rep. Lamar Smith introduced a so-called manager’s amendment that tweaked a few of the most controversial in hopes of peeling off some the opposition to the overall bill. Advocacy groups in Washington that were opposing bill were unimpressed, however, and are still opposing it. Several tech heavyweights, including Google’s Sergey Brin, eBay co-founder Pierre Omidyar, along with some leading VCs from Sand Hill Road, fanned out across Capitol Hill yesterday to try to rally opposition to the bill. Meanwhile, Rep. Darrell Issa today is expected formally to introduce the Online Protection and Enforcement of Digital Trade (OPEN) Act, an alternative bill designed to give Congressional opponents of SOPA a vehicle for voting in support of an anti-piracy measure without having to vote for SOPA itself. Your tax dollars at work.

Omidyar Network: $500,000 for Web TV in Kenya

Pieree Omidyar’s philantrophic investment company has given $500,000 to a Kenya-based TV show called the XYZ Show as part of its latest round of technology investments. The grant is supposed to help XYZ to expand its mobile and online offerings and fund its next season.

9 VCs You’re Gonna Want to Avoid

Editor’s Note: Fundraising is tough. So more and more of you bootstrap as long as you can. But once you get close to $1 million in revenues, VCs will come calling. That’s right: they’ll come to you. Cash flow positive startups remain hard to come by. But you won’t want to talk to all of them, says Found|READ contributor, Larry Chiang. So he offers this list of VC archetypes you’ll definitely want to avoid, just as soon as you hit the $900,000-mark.
1) Mr. Armchair. He’s a Friday afternoon Chairman. He knows exactly what he’d do as board member of facebook, Google, MySpace.,YouTube. Too bad his portfolio company’s don’t get the same enthusiastic coverage.
2) Mr. One-Hit-Wonder. Yes he sold Postage.com for $200 million (and kept $15 million) so if you wanna hear war stories from the ’90s, take this GSB alum’s money.
3) Mr. Spray-n-Pray. He cites being founding CEO as his Operations experience. (Translation: He was a interim CEO for his last venture firm before company/portfolio implosion and subsequent fund implosion. His fund is a catch-all and he tries to participate in every Sequoia backed deal. Read More about 9 VCs You’re Gonna Want to Avoid