Comment by kebman

Not sure if it's completely related, but my dad will sometimes talk about the "Yuppie Time" during the 80's, when he tried to get funding for some rather big IT projects. There would be well connected "yuppies" getting funding and loans for just about anything, so they could make short-term investments, and then run away with the profits as quick as they could. Most of these guys weren't interesting in building something lasting, though, so it was important to quickly identify them, and then just turn them down no matter how much funding they promised. Not easy, as these guys would seem pretty flush with cash. Seemingly. But oftentimes it would leave companies, and also employees, ruined after such a run. The hope was to make a lasting impression on the communities they wanted to start up within, by giving people something tangible and safe to build up long-term. However yuppies would offer anything but, so while you could sit in a nice and comfy office on the one day, you'd be out on the street on the next. Think Wolf of Wall Street. Hardly a secure environment to stake your future in. And indeed, eventually it did go south for a lot of folks by the crash of '87, and also the aftermath in '89.