Tech Bubble Talk Evokes the 2000 Boom and Bust
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iStock/Thinkstock(NEW YORK) — Are we heading into another tech bubble?
Some investment experts are warning that some technology companies are overvalued, bringing back memories of the Nasdaq bubble in 2000.
“There are pockets of exuberance,” Scott Kupor of the venture capital firm Andreessen Horowitz tells The Wall Street Journal.
Tech startup values are soaring. For example, the Chinese phone maker Xiaomi, founded in 2010, announced this week that it has raised more than $1 billion in new funding at a valuation of more than than $45 billion. The company is the leading player in the world’s largest smartphone market.
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