There was a point in the late ’90s where all the graduating M.B.A.’s wanted to start companies in Silicon Valley, and for the most part they were not actually qualified to do it. They brought the whole sideshow of the hype and parties and all that crap. M.B.A. graduating classes are actually a reliable contrary indicator: if they all want to go into investment banking, there’s going to be a financial crisis. If they want to go into tech, that means a bubble is forming.
— Marc Andreessen (Bubble? What Bubble?)
Read the article and you’ll find out that Andreessen still believes that tech companies are undervalued and there isn’t a tech bubble right now. Everyone should be watching where most of the newly minted MBAs land next though.