I keep hearing that we are in the midst of another tech bubble.  The question is simply,  is the current level of activity sustainable?  I firmly believe that we are in a bubble, however I do think that the rate of current startups will decline.  Most of the early stage companies I work with are bootstrapped and don’t need millions of dollars to execute upon their ideas.  Companies that do need VC level of funding will have a harder time getting access to $2 to 5 or even 10 million.

Check out this hilarious take on the bubble.  Maybe a little close to the truth for comfort.
[youtube=http://www.youtube.com/watch?v=fi4fzvQ6I-o&rel=1]