Great post by my buddy Healy Jones on what to make of the huge late stage rounds startups are doing and what to do if you're a middle level employee (like most people our age).
While I'm at it, I want to plug Healy's excellent startup, Pixily. They do document scanning and management. It's all outsourced for you through the mail and it's a great price point. If you work in a paper intensive business, you should give Pixily a chance.