There's much more emphasis on a sane and believable business model. It's a sort of reversal. And the number of submissions has definitely fallen off. It used to be that anyone with a business plan could get funded, and that's just not true any more. I don't think in the near term it will halt the flow of capital.
Most funds have capital commitments for the next two or three years.
So there's still a lot of money around. The role of the bootcamp is that in 48 hours we try to teach potential entrepreneurs as much about starting a high-tech company as possible. Obviously revenue, building the brand, deal flow, relationships. Bootcamp is a catalyst for. My job was Apple software evangelist for the original Mac.