[toohotatopic]

With low interest rates, and an ever increasing complexity of the state of the art, won't this balance tip to the other side soon?

There is more money than can be invested, and since economies don't grow fast enough, even more will be printed. On the other hand, founders don't grow on trees. So if you have a good idea and a good team, why should it be difficult to rise money?

[convolvatron]

except that we're already in a position of pretty low expectations. your 'good' might make sense relative to all the other poorly conceived and executed startups, but still might be a worse investment than treasury bills