From the linked article: "Critically, the venture market at the time was tiny relative to today’s ecosystem" This isn't quite true. At least for US VC investme

From the linked article: "Critically, the venture market at the time was tiny relative to today’s ecosystem" This isn't quite true. At least for US VC investment in dollars. It peaked at $66 billion in 2000, and didn't surpass that amount until 2018, according to these charts: https://pitchbook.infogram.com/6-vm-charts-1h8n6m3klxngj4x https://pitchbook.infogram.com/6-vm-charts-1h8n6m3klxngj4x https://www.statista.com/chart/11443/venture-capital-activity-in-the-us/ https://www.statista.com/chart/11443/venture-capital-activit... And if you adjust for inflation, that year 2000 $66B is $103.86B in 2021 dollars, and the 2nd chart shows 2021 getting to $128B. Now the two different data sources do have somewhat different numbers for each comparable year. I couldn't find a comparison that covered enough years to show the difference. But I think it's pretty clear that the dot com era was a spectacularly fast increase in VC funding. And the more recent years were slower growth, but did end up getting to slightly higher numbers, if you adjust for inflation.