Ask YC: (Contrarian) Is this a great time to start or what?

What did you think when you saw that the start-up school was a roaring success, its best ever showing (over 650 hackers!)?

COMPETITION, GLUT. And the smart money, like Marc Andreesson is already preparing for cheap roll-ups for the coming "nuclear winter" (his words, not mine).

I hope my prediction doesn't come true, but a lot of people here are going to get acquired for at or below cost. Market gluts do that, every single time.

In 2002, you could have picked up an optical company (or 100 of them!) for 1/10th of the total VC in.

Start up school 2008 == Contrarian Indicator?