When I started my second company, in 1988, also in Silicon Valley -- the industry was approaching a level of maturity that, in tech, warns of a looming implosion. I was too young and inexperienced to know this, but the signs were everywhere. A few years before if you had a good idea, you could ship a product, promote it, build a user base, and find liquidity. Now the dominant companies had grown so big they were starting to choke the ecosystem. And the entrepreneurs who were showing up were less the bright-eyed engineers with big ideas, and more of the carpetbagging MBAs with pyramid schemes. Gotta say the VCs typically went for the MBAs. The era of the engineer, if it wasn't over, was certainly waning.