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All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.

- Fred Wilson
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All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.

All markets have boom and bust cycles, and I think venture capital market has even more exaggerated boom and bust cycles.