SINGAPORE - The world is not in the throes of another tech bubble, although an overvaluation of tech companies is slowly edging in, says Tim Draper, the California-based investor whose venture capital firm DFJ has backed billion-dollar ventures such as Skype, Twitter and Baidu.
"This isn't really a bubble, or a cycle," Mr Draper told BT at the DBS' Bay Area Series Talk on Thursday, referring to the recent sky-high valuations of global tech companies and heightened activity in the startup space.
Image: Tim Draper, Co- Founder and Managing Partner of leading Venture Capital firms Draper Associates and Draper, Fisher and Juverston. - http://business.asiaone.com
