Ok, so this video is old news by now but as someone who experienced one bubble in the past (anyone remember 98-01?), I find this a bit entertaining. 

Building a company is hard.  Getting venture funds may oscillate between impossible and ridiculously easy depending on the availability of said funds, but building a company is always hard.

The margins may be populated with soon to be killed off stupid company ideas funded by newly fashioned VCs but I love the innovation and optimism of all of this.  I also love the Bay Area and its regional siblings but if you spend some time there or live there, get on a plane soon.  Go to somewhere like St. Louis or Houston.  Tell someone there about your "idea."   See what kind of reaction you get.

A good friend told me a long time ago (thanks Greg Nicholson) something that sticks with me to this day.  If you think you’ve got a business idea, what is it about it that would make someone take a dollar out of their pocket and give it to you for it.  Not an investor…but a real customer…and ad revenue doesn’t (really) count.