The Center of Gravity shifted in the late 90s/early 2000s, I reckon. Real world needed distributed systems, and neural networks, and crypto math, and hardware design, and …
There’s still a place for academic research but it’s a much different place in the Gilded CPU Age. It’s the god of the non-commercial gaps: for a while there if it seemed like it’d make money, someone .com giant with gigabucks of free cash had someone on it. Why work for a university if gigabucks.com is hiring?
Not saying USENIX didn’t have factions. I just question the word “capture” about academics, who invented all this stuff before there was money in it. It feels like retiring the Annual Technical Conference is the final step in Usenix’s capture by industry.