I see your point, guan, and in Instagram's case the funding may be justified. But there will inevitably be far more of these sites failing than massively succee

I see your point, guan, and in Instagram's case the funding may be justified. But there will inevitably be far more of these sites failing than massively succeeding which means far more investors getting burned. Then the Startuplamd loses its luster, the bubble bursts, and we're all screwed even if we're worth funding. I wonder how different things would be if more people rejected funding and ran shoestring budgets longer. I'd say the pressure to have to be good and pay the bills will result in few projects but much far more successful ones in the long run.