Silicon Valley Insider: “If 2000 Was A Bubble Factor Of 10, We Are At A 9 Right Now”

Tuesday, September 23, 2014
By Paul Martin

by Simon Black
ZeroHedge.com
09/23/2014

Silicon Valley as a whole… is taking on an excessive amount of risk right now. Unprecedented since ’99.” The widely accepted model is that it’s acceptable for companies to be “[b]urning cash and losing money.. with the emphasis on the losing.” “It reminds me of 2000, when investment capital was flooding into startups and flooded a lot of marginal companies. If 2000 was a bubble factor of 10, we are at an 8 to 9 in my opinion right now.”

The Rest…HERE

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