I live in SV as well.

Hard to say really. I'm just beginning to raise seed funding myself, so I'll have more perspective on that side soon. So far so good though.

On the VC side... I went to a VC panel in SF a couple weeks ago, and they all were gushing how this is the best time ever to raise money. They are all looking to invest.

There does seem to be a consensus though that investors are preferring to invest in "quality" businesses now vs chasing the Ubers and Uber for this. So potentially in line with the article talking about the levels of "uninvested cash".