The dot-com bust, while perhaps having something to do with the wealth effect that jacked up asset prices, neither posed a systemic risk to the financial sector

The dot-com bust, while perhaps having something to do with the wealth effect that jacked up asset prices, neither posed a systemic risk to the financial sector nor affected non-participants in the market (housing excepted, as always). To blame VCs for the dot-com bust is akin to blaming Jose Canseco for Barry Bonds.