What'll be fun is when one or more of those roughly 10 awesome companies don't need to get funded at all in the traditional sense, thanks to the JOBS act coming

What'll be fun is when one or more of those roughly 10 awesome companies don't need to get funded at all in the traditional sense, thanks to the JOBS act coming online soon. My previous startup pursued a Series A last year (and failed), and I'm completely forgoing VC for my current startup. Instead, it'll be JOBS act and then straight into Second Market. Ironically, we're raising almost twice as much money this time for a product my last venture already included amongst a panoply of other tech developed over a 10+ year period. Sometimes, it feels like the market is almost completely irrational in the small, and only seems to approach rationality over huge numbers of ventures. All in all, I'm very happy with the JOBS act. Instead of making a bunch of already wealthy people on Sand Hill Road I just met even richer, I'll be able to spread that wealth around far, far more than I could have otherwise.