So just as investors in 1999 were tripping over one another trying to buy into lousy startups, investors in 2009 will presumably be reluctant to invest even in good ones.

• 因此正由于1999年的投资者们由于投资了糟糕的初创企业而一个个失败，2009年的投资者们大概对那些优秀的也不愿意进行投资了。