Of course, it’s cheaper to start a web app company these days. But certain kinds of companies still require serious start up money. Mark Andreessen makes the point nicely when he calls for all companies after his should no longer receive funding because we’re in a bubble and no one needs money to do a start up anyway. But from what I hear, working under a VC in a start up environment still kinda sucks. Kinda like owing money to the mob.