Clearly intoxicated by their success in starting PayPal, Peter Thiel, Ken Howery and Luke Nosek have started a new VC firm and made their first investment in an online dating company called Engage. Engage aims to be different from all the other online dating sites by introducing the idea of an online "wing man". With Engage, you start the process by looking for potential dates on their database. When you decide on someone, a pop-up box appears that engages the services of a friend, who sends an e-mail to set up an introduction. The idea, I guess, is this process makes the anonymous nature of online dating somewhat more personal. Personally, I think it's totally dumb - although I must confess to have never used an online dating service and I'm still mystified by how popular they have become. While intriguing, Engage's biggest hurdle is it complicates the dating process with two strangers trying to capture another stranger's attention. In the real world, the two strangers work closely together to get the job done. With Engage, it just doesn't seem to have the same dynamic. Looks like the PayPal boys, who started The Founders Firm to pursue new ideas, may have missed the mark with their first foray into the VC world. The online dating is world is so competitive and crowded, they should have stuck to what they know best - e-commerce tools.