Someone else agrees with me that VCs these days are not making very good investments and they are still living in 1999. It seems like the easy money web 2.0 bubble may be coming to a close, though not as disastrous a close as the last bubble. Hedge funds and Private Equity firms are not doing so well this year and valuations are going up without revenues to justify them.
I don't think we are going to have a crash but I think this round of easy money being available to any entrepreneur with a half-baked idea is coming to a close. Which is unfortunate because I have a lot of half-baked ideas and haven't raised any money yet.
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