No bubble or overvaluation yet, says tech investor
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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.
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