Series A crunch – Who’s losing?

If you’ve been following the Series A crunch chatter, you probably saw the McClure interview today on Techcrunch.  My thoughts tend to line up pretty close to Dave on this one.  At a high level I really don’t understand who loses with the given financing environment?

Traditional VC’s?

Their deal flow is more vetted now than ever.  There’s a plethora of early stage startups that have gone through accelerators already.  They’ve got serious data because of it to enable VC’s to make smarter decisions.  I can’t see how any of this is a bad thing for VC’s.

Entrepreneurs?

More entrepreneurs are being funded now than ever.  Sure … some hit a wall in a year or 2 … after gaining incredibly valuable experience starting their own thing.  They’ll be worth more on the market when they started up because of it … and last I looked, the tech scene was still paying ridiculous amounts of money for this type of talent.  There’s also plenty of other startups which would make easy landing spots for people who’ve startups have failed.  Sure, more entrepreneurs hearts are gonna be broken, but come on … at least now they’ve had a shot.

which brings me to … 

Other startups

I think if anyone’s losing out it might be other startups.  Simply because the talents being spread out a little bit more thin.  But talents out there.  You might have to get scrappy and look beyond the valley.  But it’s out there.

I’d love to here a great argument of who’s losing out.  Seems like a win win win to me ….