From the ashes of the bust

“Most of the failures were too early, supplanted because of timing or sometimes for not being creative enough. [I]t became clear that the delta between valuation and financial performance was far too wide to sustain and, really, laughable.

“Frothy attitudes fell flat as venture firms pulled in their horns and cut and ran from the man-boys they once coddled. The fantastic parties, of course, ended abruptly.”

These sentiments ringing a familiar,…