Sighted: a recent outbreak of VCs complaining about a “bubble” and web 2.0 being over.

Now, it was just over a year ago I sighted outbreak #1 of Valley Bubble Schadenfreude. So why the talk now from VCs about a bubble, and not then (when many, indeed, we’re in the process of writing bubble-inflating posts, not bubble-popping posts)?

My guess is that it’s less about a bubble (has the pace of company creation and startups really changed that much in the last year?) and more about prices.