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I saw the same posts you did, but how many people actually listened? How many, instead, came back later asking how to salvage a situation that didn't match the dream?

There are always cooler heads raising alarms on these booms. What turns them into bubbles is the inflection point where there are more people coming for the dream than for the thing that motivates people who understand the risks and know the statistics.

I seem to remember 2015 or near it as that inflection point. Tech media went from worrying about the steady march of unicorns to not talking much about valuations.






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