[PaulHoule]

What's really depressing is that many of those companies are stuck in the trap of raising $X million dollars than raising $X million dollars and then another $X million dollars, and then yet another $X million dollars as opposed to the venture model where the company is growing and raising more with each round. The latter looks like it has the potential to go to the moon, the former is a company that is losing money and will keep losing money until it get acquired and put out of its misery.