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Actually no, Im concerned its over-heating the space as everyone scrabbles to buy into vapourware while actual working projects, get underfunded.

Which "actual" projects are underfunded. All I hear is how "this is the easiest fund raising environment ever". And is it "over"heating or just right? Maybe too cold?

speed of growth and investment is not a corollary to a bubble. Your uncomfort, not liking specific projects, etc, is the whole REASON to leave it alone. Not you, not I, noone knows what'll work long term. The ONLY way to know is it try.

this makes no sense... if a project is underfunded in this space it's for lack of making some minimal effort or the core group isn't listening to their community or user base... you would be surprised how money seems to flow in the right directions when you listen to people...