Interesting piece on "Minsky Moments in Venture Capital

This is a v good essay by @athomasq on 'Minsky Moments' = when capital inflows lead to reduction in perceived risk (true risk remains). He posits a Minsky Moment in venture similar to the one that impacted the credit markets in '08-09.

Every Venture Capitalist, investor should read this one... Great read...I feel this in my day job The Minsky Moment in Venture Capital [link] thanks @athomasq now following ht @ameetshah