Well-known venture capitalist and blogger Fred Wilson will be at Google Wednesday to give a talk about “disruptive industries.”

The Googlers should be mighty interested, given that the object of their current annoyance and also desire, Twitter, is one of the hottest investments of late for Wilson’s Union Square Ventures.

Before Google execs try to hand over a big bag of money to Wilson to stop the microblogging madness, Wilson asked readers in a post to help him improve the talk.

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Was it more than a month ago that the Google was rumored to be in “late-stage negotiations to acquire Twitter”?

Not so much late-stage, I guess. So, I guess it should come as no surprise that it was time to fob yet another rumor that yet another moneybags of a company–this time, Apple–is in “late-stage negotiations to buy Twitter.”

But despite very serious interest in the hot microblogging service by every company that can afford considering such a thing, including Apple, getting across that late-stage line would require major investors in the hot start-up to be very involved, and they are not as yet.

So, rather than be on the edge of your seat about all these endless, alleged late-stage high jinks, here is a five-step list to cut out and keep when the questionable rumors of “late-stage negotiations” with Microsoft, News Corp., Verizon, Cisco and more inevitably show up.

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