Are tech startups losing their cool in Silicon Valley?

This feels different than the Dot com boom. The boom that is happening now is not just a free-for-all, anybody that has a website becomes rich. You actually have to be pretty clever to make it these days. I am not saying that you don't get 2-bit start-ups, but the community won't let them last long.

Which is another distinction. The start-ups that make it are the ones with a community. So I think that there is no reason to be scared if it's a solid idea.