Forgive me if this is a duplicated to any other questions (which I dont think it is), but lately all I hear about is how XYZ web startup has managed to secure another 20 million in seed funding, etc etc. I read a lot of techcrunch.com (the home page is just filled with "X company raises Y million dollars") as well as Mashable.com, and they talk about that stuff a lot. Now I'm no one to judge the quality or utility of these websites, but very few of them seem groundbreaking or innovative. In fact, many seem quite silly. Sure they have their target audience, but in general many do not cater to a grand population of people.
So the question really is, how are these companies managing to raise so much money? It seems these equity firms and VC's are just dying to invest in something (maybe even anything). Is it about the people you know and the connections you have? A lot of this action takes place in California (Silicon Valley and surrounding areas), and I'm far away from there, and feel like I'm missing out on so much. I cant help but feel that if these silly ideas are raising millions of dollars, then so can I.