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.