A good outcome from the internet bubble of the late 1990s was:

A. the discovery that the theory of efficient markets doesn't always hold and consistently better-than-market returns are achievable.

B. the discovery that stock market bubbles do not have to result in an inefficient allocation of resources.

C. that people learned they should not invest in dotcom companies.

D. that start-up companies found they could bypass venture capitalists and raise funds directly from the capital markets.