I’m pretty certain they are not a moderating force. I think the lead-up dot-com bubble its subsequent burst and the following hunt for unicorns was begot by a different breed of people than those pursuing the technology sector before them. After the Netscape IPO more people started going into CS as a way to get a foot in the door to massive riches rather than the pursuit of technology as a way to solve human problems. The Woz vs Zuck, for example.
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I’m pretty certain they are not a moderating force. I think the lead-up dot-com bubble its subsequent burst and the following hunt for unicorns was begot by a different breed of people than those pursuing the technology sector before them. After the Netscape IPO more people started going into CS as a way to get a foot in the door to massive riches rather than the pursuit of technology as a way to solve human problems. The Woz vs Zuck, for example.