Oh man, I have these exact same concerns. There are people out there creating start ups with useless products that only have value because someone invested in t

Oh man, I have these exact same concerns. There are people out there creating start ups with useless products that only have value because someone invested in them. On the other hand, most of the start ups are expected to fail. The ones that succeed generally have a big enough pay off that all the failed ones can be shrugged off. I think we are in transition where we could go either way. Investors know this and that is why money actually has been tighter.