aaah got it.
Lets look at the numbers
I hope you will agree with me that
Number of businesses that get started>> Number of business in hot sector>>number of businesses that get angel investments> number of businesses that raise VC
If we are being bombarded by tech news and most of the press releases are tech startups raising capital in SV or other valley like places, then the "so many entreprenuers raise VC " idea gets traction
Also the process to get private capital and the dumb money at a high ( albeit cooling off a bit)