No bubble or overvaluation yet, says tech investor

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.