[These days, it may be easier to raise startup money than it was during the boom. No, it doesn't seem that way. But that's a perception promulgated by precarious or now deceased startups.] The companies founded two or three years ago have been struggling with the assumption that follow-on investments would be as easy to get as the initial funding, ... They're not getting [the follow-on] funding, and so they're telling people that VCs don't want to spend. We do, but more on the traditional companies missed during the dot-com bubble.

Geoffrey Moore