Okay, I think this is the sign of the Web 2.0 apocalypse - Index Ventures and angel investors have invested $4-million into Stardoll.com, which lets visitors – mostly young girls and women, I guess – to dress more than 320 dolls online. Apparently, it attracts more than one million unique visitors a month but, come on, it's a virtual dress-up site that looks like it's a nice way for the pre-teen set to waste…er, spend some time online. So how does Stardoll make money? There are apparently two ways: advertising (although there was none that I could see) and a premium service that provides access to an ad-free, VIP-area where members get to dress all dolls, including 15 VIP dolls. Frankly, I don't get why it warrants $4-million of venture capital unless it's generating tons of revenue from advertisers looking to go after the young girl demographic.. Index Ventures make a huge killing from being one of Skype's early investors, and it recently put money into FON. Stardoll has hired Mattias Miksche as CEO. He started Boxman.com and E*Trade Northern Europe.