I'm also a 30-something. It would have been clearer to say that I met a lot of cynical 20-somethings in grad school, who are now cynical 30-somethings.
More than one friend is a veteran of the first boom, with little to show for it.
Hey, at least they tried. I dismissed the first wave as a fad and didn't pay any attention to it. For the most part it was a fad, but there were opportunities...