Not explicitly mentioned in the article: VC bubbles redirect resources toward flat-out bad ideas (to the point that they brag about how few of their ideas pan o

Not explicitly mentioned in the article: VC bubbles redirect resources toward flat-out bad ideas (to the point that they brag about how few of their ideas pan out) which sends otherwise competent human capital off on fools errands. So your smarter competition is off building pintrest-for-cats or navel gazing at one of the over-funded tech giants. The bootstrapper doesn't have that luxury: the idea is singular, it has to work. Therefore he or she must get to cashflow quickly, or adopt a secondary business to self-fund the idea. Either way, it isn't Other People's Money, which concentrates the mind.