"i'd think the bubble blown will be smaller due to VCs and Angels having learnt their lessons over the past decades" A lot of bubbles get really bad when thing

"i'd think the bubble blown will be smaller due to VCs and Angels having learnt their lessons over the past decades" A lot of bubbles get really bad when things get so frothy that people without sufficient background jump in. E.g. the 1929 stock market crash and junk bonds in the '80s ... although there was also government action involved in both of those.