The San Francisco Chronicle interviews Tim Draper of VC firm, Draper Fisher Jurvetson today.

Q: Where is the industry now, having come out of that whole experience? It’s gone through a number of really tough years. To what extent has business recovered and approached some kind of normal cycle?

A: Industry has gone through this cycle before. They did it in biotechnology in 1993. Our business is cyclical, it does go up and down. That was a boom, and then there was a bust. We’ll see booms and busts in the future, and you’ll have very similar experiences. I think we’re on the mend now. I think it’s a 17-year thing. We’re five years into it. Another 12 years, we’ll have another boom.