The trade is getting crowded - that's the feeling I get from some higher profile VC funds complaining recently. Their buy-in's are getting more expensive as mo

The trade is getting crowded - that's the feeling I get from some higher profile VC funds complaining recently. Their buy-in's are getting more expensive as more private money from non-traditional VC funds moves into the sector due to continued low interest rates, a feeling the public markets are getting close to topping and the fact that each round seems to be up, up, up. This is forcing higher prices for the traditional VC funds which in turn makes them more conservative with how their money is spent. And because the money is so easy to acquire the start-up's are blowing it quickly. They are competing for a limited set of "top" employees which is driving labor costs up to potentially unsustainable levels. Money won't always be so easy. Use it carefully. However, I see the top VC's getting a bit upset they have more competition to invest in tomorrows potentially massive businesses at discounted rates.