Secondly besides a prototype you also need a little amount of validation in the form of paying customers or small loyal user base and a good amount of connections to pull of that funding.
This is as opposed to having some vague "It's like Facebook for nymphomaniac Eskimos" concept that it seems anybody in SV is capable of getting funding for.
We spoke with a couple of investors about my start up and ultimately concluded that we would bootstrap as frankly there are too many time wasters out there...
It's a bit of casual hyperbole that can feel kind of bad to read if someone is not part of the crowd that can get money.
That said, there is a lot of seed funding out there these days.
That said, of course "anyone can get funded" is not true and probably a bit hurtful to some who are trying and aren't managing.
Except this is not true and I don't know where people are getting this idea. Maybe it's just SV or YC that has money but Angels and VC's in D.C. and NY at least are looking for solid traction before even bringing up the word term sheet.
At a recent Cooley pitch event a friend of mine who is already revenue positive came up from Ohio to pitch his startup. He told me not a single investor had followed up with him about a term sheet despite multiple discussions after the pitch. Another friend in CO is in the same boat, being revenue positive but with no interest from angels or anyone else.
I think stating that anyone can get money is a dangerous thing to say because it gives the wrong impression about availability of dollars. That post about things being frothy is so insanely different than the reality here on the east coast that it's staggering and totally unbelievable (not saying that I don't believe it by the way).