When you look at the recent Q3 numbers on seed and early-stage VC fundraising, you might think we are in the late stages of a VC bubble:

The words I would use to describe the current environment in early-stage VC are “fast and furious.”

And yet the thing that makes me think this could be the new normal and not the late stages of a bubble is the dramatic increase in the number of people who are choosing to work in or form new startups. It has never been easier to start a company, build a team, and build a product. And many people are choosing to do just that.

It could be that we are in an environment where too much money is chasing too many good deals.