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I wonder how many people are like me, and become LESS productive after a beer?
The fund should probably be marketed as startup decelerator.
There is curve (anyone has the xkcd link for it?). The first beer results in improvement. The second one results in un-expected boldness ("yeah, let's tear this whole thing out and re-write!"), the third bear results in slow downs ("why doesn't this compile ... 10 minutes later, find the extra in the arguments list") and then it just goes downhill.
I drink really good beer. They would go broke funding me.
Despite the rumors, this is not really competing with YCombinator.
The unfamous beer factor from Steve Ballmer back in the days promised us to be the most productive after six beers.

After all, this seems like people are getting wasted after writing their code.

With this, Flowdock improves your code quality for the next month or so...

When I see the average software product and it's code in the wild I believe sober coding is not very effective either, so this might be a brilliant idea.