Here's what happens in tech when the money runs dry

Rob Hayes doesn't like the term 'tech bubble.' Instead, Hayes thinks of it in cycles, and the First Round Capital partner has seen this stage of frothy valuations and startup founders before.  People working at big companies like Google and Facebook see other friends raising money and getting rich, Hayes explained. "It almost looks easy," Hayes said. "It seems easy to raise money, everyone is joining incubators, all this kind of stuff." Hayes saw it in 1999, in 2006 and 2007, and he's seeing i...