Tech Startups Are About To Start Dropping Like Flies(slate.com)
slate.com
Tech Startups Are About To Start Dropping Like Flies
http://www.slate.com/blogs/future_tense/2012/12/20/series_a_crunch_tech_startups_are_about_to_start_dropping_like_flies.html
Also the "crunch" mentioned is nothing more than what is expected form Startups, a very risky environment where 1 out of 100 or out of a 1000 survive.
If the investors don't think this way, they won't have so large portfolios to spread their money in.