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Maybe they're not, but man was the SXSW show floor depressing.

For someone who wasn't there, can you elaborate?

Yeah, I just wasn't very inspired. They were all companies I've known, or undifferentiating copies of companies I've know.

On the plus side, I was encouraged about the odds of getting funding.

If there were now 10X more startups, but only 2X more ideas per year, would that account for your depression?

Maybe, but that was't the proportion I saw.