Couldn't have said it better for the most part. I think, though this isn't a bubble, the land of fairytales and unicorns (i.e. Silicon Valley) is finally coming

Couldn't have said it better for the most part. I think, though this isn't a bubble, the land of fairytales and unicorns (i.e. Silicon Valley) is finally coming to terms with the economic reality that the rest of entrepreneurs in the U.S. live in. It was inevitable at some point for this to happen - just look at railroad technologies in the 1870's and dozens of other examples since then. The internet, and associated technologies, are beginning to mature, and thus business models must begin to rise to meet a new standard - a profitable and sensible one. Silicon Valley did a lot of great things for this country, but it gets out of hand when, for instance, relatively simple apps coded over little more than a few weeks start to command hundred-million-dollar valuations (or more) with no revenue and no path to profitability just because of the geographic location of the company headquarters.