Would also be curious to know what startups have done early rounds of funding recently, and what their revenue model looks like (if applicable).
It's not so much about belt tightening as it is about having solid fundamentals. You show up with a hosted app that earns money on day one, and you'll find someone to dance with.
If your app is up and running when you go to the VC out of the blue, that makes it easier, too.
But you all knew that already. Crispygamer closed a round of around $8 million a few weeks back. Deals are happening. They might take a little more time, and be a little smaller now, but if you have good fundamentals, VC's see this as a great time of opportunity, too. They're just going to bet a little more sanely on fewer things.
But make no mistake, they are still out there, still evaluating, and still looking for opportunity.
I've also heard about some VC's doing seed rounds, but in companies which already have revenue.