>A large part of it is that big companies have given up on trying to innovate (they just buy innovations, at a panic price) and the people from whom innovation

>A large part of it is that big companies have given up on trying to innovate (they just buy innovations, at a panic price) and the people from whom innovation typically came are now a pariah caste of almost-unemployable miserable geniuses. Why innovate when the miserable genius idea generates a 10% cap rate and you can borrow from your wall street pals for 3% and run the company like crap so it only generates a 5% cap and it still makes money? The miserable genius eco-system has very expensive money. Meanwhile, up in the wall street/VC jet stream, money is easy to come by.