Really interesting article.<p>I am not convinced that we are more like the 80s than the 90s in terms of the types of risks VCs are willing to take, but I do appreciate that sense of the cycles in investing. (dearth of investors -> high returns -> everyone pours in -> returns dry up -> everyone leaves -> dearth of investors)
Discussed at the time: <a href="https://news.ycombinator.com/item?id=8908463" rel="nofollow">https://news.ycombinator.com/item?id=8908463</a>