TechCrunch reports a rumor that an unnamed hedge fund will lead a $30 million round for Valley darling Zazzle--at a $300 million valuation.  Assuming the rumor is true, the important news for the broader industry is that the lead investor is a hedge fund.  A New York venture capitalist, meanwhile, reports that almost every hedge fund he has spoken to in recent months is gearing up to put significant dollars into VC -type investments.  This trend is great news for companies seeking capital--and awful news for investors.