FB is a healthy message. Before the IPO it has been noted that late-stage financings were feeling out of control in terms of valuation. BDC-based funds have sprung up to "invest" in the "pop" but don't really help build companies directly.

Smaller, more focused rounds at lower valuations are probably a good thing. So is using sites like kickstarter to generate funded ramps for new products.

The more capital efficient you can be the better.