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Venture capital investments as a whole are not in a bubble, said Ben Horowitz, co-founder and partner at Andreessen Horowitz, in a one-on-one conversation with Kara Swisher, co-CEO at Revere Digital and co-executive editor at Re/code, at the Milken Institute Global Conference on Tuesday.

Mr. Horowitz said opportunities are larger than ever today. He cited Slack as an example of one of his investments, which he believes could replace e-mail for organizations. “People really want to believe (VC) is a bubble.” If people think it's a bubble, it's probably not, he added.

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