Sounds like...
"Bubble 2.0".
And in fact there was an article on this very website last week documenting said bubble. http://www.theregister.co.uk/2014/09/26/marc_andreessen_coming_crash_in_vc_funding
The cash burn of the "big two" has got to be scary considering the astronomical amount of investment they've taken in in recently short periods of time.
Biting the hand that feeds IT
