I think it's more that prior to 2001, investors gave web companies a free hand to figure out how to make money. We saw how that went -- both in the giddy highs and crash.
Afterwards, the MBAs came in and decided that ads and saas were the ways to make money, and if you diverged they needed to understand it. Which makes sense, and I think it's why we haven't had exactly a 2001 repeat. But it's making tech work far less of a giddy job.
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I think it's more that prior to 2001, investors gave web companies a free hand to figure out how to make money. We saw how that went -- both in the giddy highs and crash.
Afterwards, the MBAs came in and decided that ads and saas were the ways to make money, and if you diverged they needed to understand it. Which makes sense, and I think it's why we haven't had exactly a 2001 repeat. But it's making tech work far less of a giddy job.