The dot com bust wasn't at all like that, though? What 'arose' were the players that had leadership with an actual plan besides 'launch IPO based on hype and wing it from there' or 'get a catchy domain name, pretend to do something useful with it, and get acquired by Yahoo'. The old guard that ended up being taken down were the legacy corporations that tried to ride the wave while refusing to let go of any of the practices that were completely incompatible with being able to operate in a new paradigm. Actually, now that I spelled it out, I get it. Good job, sorry for doubting you.