Yogi Berra once said "No one goes there anymore — it's too crowded." He could have said it about Coupa Cafe. This cozy -comfy cafe in Palo Alto is too cozy, as it's packed to the gills with tech workers, students, VCs (although they are relocating to other venues) and locals. The food is awesome, especially the Argentinian specialty, Arepas.

Power Outlets: Lots along the wall in the main room. They don't let you plug into them if you are in a center table, though.
WiFi: yes, though they've been known to turn it off during mealtimes. You can sometimes crib from the teahouse next door.
VC Spotting: Perhaps they come back if things quiet down...