To many of my friends working in startups, this week's announcement of the sale of Youtube to Google for $1.65 billion in some small way validated their decision to take the non-traditional entrepreneurial path. I suspect that this reaction of "validation" (and increased hope) is not limited to those in my network, but is occurring in entrepreneur and investor minds everywhere. 
Of course the Youtube sale really has not changed anything within the realm of startups (or has it?), but it is encouraging to see the this type of story, that once in a while a couple of young guys can build an web app and in less than two years sell it for an absolutely ludicrous amount of money.
For some of my entrepreneur friends it seems the events of this week have created a greater sense of urgency to get their betas to market, to significantly tweak what they already have out there, but in more cases GO RAISE MONEY.
CNET has a good article today written by Carl Showalter of Opus Capital that I would recommend to these entrepreneurs on why less cash means more to tech start-ups. Carl points out that more money leads to dilution, but perhaps more importantly a loss of that sense of urgency, which is healthy and often critical to success of a startup.
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