3 Reasons We're in a Bubble. And 3 Reasons We're Not.
In a Wall Street Journal interview that was published yesterday, Bill Gurley , General Partner at Benchmark and one of the smartest and most successful VCs of all time, said that the current environment reminds him of the tech bubble of the late 1990s: “Every incremental day that goes past I have this feeling a little bit more. I think that Silicon Valley as a whole or that the venture-capital community or startup community is taking on an excessive amount of risk right now. Unprecedented since ‘'99. In some ways less silly than '99 and in other ways more silly than in '99.” The full interview is behind WSJ’s paywall, but here’s a summary . So – are we in a tech bubble? Trying to answer that question could easily turn into a book because there are so many aspects to consider, but let me try give you three reasons why I think we’re in a tech bubble – and three reasons why I think we’re not. Three reasons we’re in a tech bubble 1) So-called unicorns and companies believed t...