Think the tech bubble is going to burst? Then put your money where your mouth is.
As early-stage startups capture millions within months of launching and receive sky-high valuations despite little to no revenue, those in tech have been sounding warning bells.
But Sam Altman, president of elite Silicon Valley accelerator Y Combinator, says he doesn't subscribe to this belief.
In a blog post. Altman acknowledges that yes, there have been some unreasonable early-stage valuations, but those are insignificant compared to the larger market.
"It's a small amount of capital and still nothing I would call a 'bubble,'" he wrote. He admits that he's "pretty paranoid" about bubbles -- yet he feels very hopeful about the future of tech.
And he's willing to bet on it.
He makes three bets on the future of tech five years from now.
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