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The hatchery over at the Gawker Media blog-farm has yielded yet another fluffy chick. Today marks the launch of Valleywag, a site dedicated to pursuing Silicon Valley like a roving band of search engine executives killed its family while it looked on in helplessness. Official home-office blurbage follows:

Valleywag is a tech gossip rag. You people in Silicon Valley are far too busy changing the world to care about sex, greed and hypocrisy. But if you ever need a break, come visit us at Valleywag.

Valleywag's edited by Nick Douglas, a guy whom we understand chucked aside a college career to toil in Hungarian blogging overboss Nick Denton's salt mines. Please drop by, say hi, and make him forget how he's mortgaged his future for a chance to fill you in on Google mogul Larry Page's former sex life.