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i’d wager from that chart, less than 1/5 of companies will be left after the next crash. The beautiful irony of this whole cycle is many of the people who are creating all this tech actually believe all the hype and crap, and in a way, many of them MUST believe it, or they wouldn’t be putting their efforts into something they thought was mostly hopeless. 

for the guys that don’t believe the bullshit and hype, and that are seasoned enough to understand the fundamental economics behind this—–they are mostly already rich enough not to care and don’t have to work a day job. 

thank you wall street. 

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