There is no bubble. There may be a dip in funding for companies of a certain stage, which could be due to any number of factors. Fund vintage (funds raised opti

There is no bubble. There may be a dip in funding for companies of a certain stage, which could be due to any number of factors. Fund vintage (funds raised optimally at bottom of 2009 are now fully allocated); shift in focus away from sectors (no money for social media); random variance in relatively small pool of VC (tiny portion of total capital invested in small businesses).