Silicon Valley insiders like Ron Conway fought hard for the Jobs Act, lobbing hashtag after hashtag at Washington's paper belt. Now, thanks to the magic of deregulation, venture capitalist already benefitting from low interest rates and irrational exuberance in tech stocks can have an easier time raising funds.
Parody routines like this are usually a bad idea outside of talent shows for kids, but what's the Valley life for if not perpetuating childhoods? Making money, of course—and what better source material than the anti-materialism anthem "Royals"?
It's a given that most startups will fail, and that all it takes is a few smart (lucky?) investments for a VC to make it all worthwhile. Dave McClure's 500 Startups, as the name makes obvious, takes this to the logical extreme, with a throw moneyshit against the wall and see what sticks approach. Now they've got millions more to throw.