Deepak Kamra has been a venture capitalist in Silicon Valley since the early 1990s, and he thinks tech is heading for the kind of IPO wave that hasn't been seen since the dot-com boom.
"The question," he asks, "is whether we're in 1997 or 2000."
In December 1996, then-Fed chief Alan Greenspan warned of "irrational exuberance" and cautioned investors to look more closely at price-to-earnings ratios. In fact, the tech-heavy NASDAQ went up nearly 400% from that point, peaking in spring 2000. Investors who followed Greenspan's warning missed out on one the greatest stock market run-ups in history.
To read the full, original article click on this link: Tech IPO Wave Coming, Says VC Who Lived Through The Last One
Author: Matt Rosoff
