There's a similar essay that describes how scenes (e.g., art, music, literary, ...) develop.

First you've got the creators themselves.

Then the early / appreciative fans.

Then come the hangers-on. Not there for the creation so much as the crowd.

It goes downhill from there: grifters, frauds, pickpockets, exploiters, etc.

Eventually, the creators get bored, or tired, or can't afford the now-gentrified prices / location, and move on. The remenants of the scene itself can persist for decades --- the Haight Ashbury in San Francisco is one example, and downtowns throughout the world are littered with the dried husks of former literary circles and the like, hoping to catch a stale whiff of the fragrance that once blossomed there.

I wish I could find the essay, it described the dynamic really well. I'd seen it online ~5--10 years ago, believe it was making the rounds at the time.