That is what a 'bubble' looks like. People with more money than sense giving it to people because those people are offering up what ever is the bubble today. In this case "startup". The dumb money will be lost, the "startup founders" will slink away (for the most part) into nondescript corporate jobs, and saying you are doing a "startup" will become a bad thing. Well at least that was what happened here in the Bay Area during the 90's.