I would agree - from the perspective of someone who isn't an insider but follows stock news - that there's a cash glut in the market (AAPL's the well known one

I would agree - from the perspective of someone who isn't an insider but follows stock news - that there's a cash glut in the market (AAPL's the well known one here). Where to put that cash? Just maybe it's reasonable to stuff it in startups as part of a diversification strategy; use it as part of a "Black Swan Farming" approach. At any rate, there's a lot of, shall we say, underperforming froth in the tech startup world at the moment. Stuff that doesn't appear to have a direct connection of value to what's being offered. Whether it constitutes a broad marker of the tech market being in a systemic bubble is debatable, but certainly some of the ridiculousness of a bubble is visible if you watch the news float by. It's my opinion that we don't have a broad bubble in tech. The stock market is probably getting close to a bear market. That's true enough, we've had a long bull run. But it might (I bet it's more likely) be the case that there's a "Startup" + VC/angel market inflation.