I'm very excited for a tech sector disconnected from silicon valley. We've forgotten that you can get a lot of scrappy stuff done in a shed for quite cheap when you're not trying to inflate hype bubbles constantly.
I often think the saddest part of all about the US VC culture is how many businesses that could have been successful by any normal standard - just making millions instead of billions - must have failed because they gave up a viable business model with real customers and modest but steady growth in their quest to become the next unicorn.