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No bubble or overvaluation yet, says tech investor

Mr Draper says an incubation period of three years is required to develop a product, engage customers and build a company.


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.