[baristaGeek]

"Now, the most successful investors are increasingly coming to the realisation that searching for the low hanging fruit in web-tech is nearing the point of diminishing returns."

This is true in the sense that the amount of VC poured into things such as social networks or SoLoMo startups is decreasing and the amount of VC poured into things such as machine-learning based startups is increasing. Even though the amount poured into the first is still larger than the amount poured into the second.

However, this article shouldn't discourage people with just an undergrad (or even without an undergrad) to start startups. A group of 22 year olds might know about Deep Learning and might just apply it as a medium to a solution in a different narrow domain than a group of 40 year olds will.