Fenwick & West corporate partner Barry Kramer was quoted by CB Insights on his perspective on the “tech bubble” question, and came down strongly in support of current overall market valuations.
“We are not in a bubble,” Kramer said. “There’s a limited number of select companies, their valuations are incredibly high. You also see tons of companies with pretty good business models, but it’s hard to get high valuations.”
Kramer further distinguished current valuations from valuations during the dot-com bubble of 2000. “People still remember and learn from the dot-com era,” Kramer noted. “Those memories will keep the market players from getting too crazy.”
The full article is available through the CB Insights website.