>"What I think we are seeing now is the Venture Capital bubble. Lots of funds have shitloads of money they MUST put to work." I agree. The fallacy of some who

>"What I think we are seeing now is the Venture Capital bubble. Lots of funds have shitloads of money they MUST put to work." I agree. The fallacy of some who don't believe we're in any sort of bubble often lies in the fact that they believe it will play out like 2000. If you read some of the anti-bubble VC chatter, that's the spiel you'll often hear, "I lived through the first tech bubble, and this ain't it." But no two bubbles are alike. I don't expect the Nasdaq to blow up, crushing people's savings. But I do expect to hear a large sucking sound as VC money dries up. I do expect that the crazy demand for engineers we are seeing will soften, drastically. I do expect to see far few incubators and poetry startups. All of this amid an ongoing global recession. There's a lot of money, billions, that is sloshing around the system. When that disappears, the resulting effect is never nothing.