[bhouston]

> I'm reading things like this since 5 years.

Just because there are repeated warnings about irrational exuberance, and we haven't had a correction YET, doesn't mean that there isn't irrational exuberance.

> When do people start to analyse what's really happening instead of saying "according to what we experienced 10-15 years ago, it should be way worse than it was back then."

I don't think it needs to be way worse that it was then. Corrections are different every time.

> There are reasons why the start-up market is still growing but wasn't in 2000.

Define "start-up market" and "growth", because in 2000 prior to the crash there was a ton of money going into startups, a ridiculous amount. It was only after the crash that things went sour.