Agreed. As Anand points out where is the IPO feeding frenzy that characterised the 2k bubble? I'm confused by why the possibility of VC losing money on startups would be deemed a bursting bubble.
They throw their dice and take their changes in a very calculated way. Where I would be suprised is to see VC's shutting up shop because of a multiplicity of bad investments, but this is highly unlikely .... or is?