Saw demo day yesterday and it was pretty awesome. Lots of interesting startups, and the way Paul & co. coach teams to present is fun to watch. They really make what they're doing seem exciting. It's also kinda like bingo to figure out what the the common phrases they're coached to use are. This batch it seemed common to have some really awesome accomplishment such as "8 bajillion users within 3 seconds of launch," be followed by, "But this is just the beginning ..." or "This is just a trojan horse." We were coached similarly last year, but it definitely stuck out.

Anyway, a lot of them were really cool, some of the presentations were hilarious, and it just amplified the feeling that there a ton of enormous opportunities in software (which is pretty obvi.com, I suppose).

The most interesting trend I saw was a surprising number of cos focused on "the future of banner/display ads".