With interest rates at historic lows, excess capital causes investment bubbles. The result is too much money chasing too few great deals. Unfortunately, overcapitalizing startups with easy money results in superfluous spending and dangerously high burn rates and investors are happy to admit that this torrid pace of investment has started to worry them. "Do I think companies are overvalued as a whole? No," says Sam Altman, president of Y Combinator. "Do I think too much money can kill good companies? Yes. And that is an important difference."
The corporate tone of the application is jarringly amusing, writes Amanda Taub, but it also hints at a larger truth: a terrorist organization like al-Qaeda is a large bureaucratic organization, albeit one in the "business" of mass-murdering innocent people. Jon Sopel, the North American editor from BBC News, joked that the application "looks like it has been written by someone who has spent too long working for Deloitte or Accenture, but bureaucracy exists in every walk of life – so why not on the path to violent jihad?"