Startup Bubbles

In K@W:

" ... But is there a tech start-up bubble? “Although it’s hard to call a bubble, there are many who are concerned about the level of pricing across asset classes including venture and private equity,” says Christopher Geczy, adjunct finance professor and academic director of the Wharton Wealth Management Initiative. Valuations are being driven up by capital chasing higher returns in a low interest rate environment that has depressed historical performance. “Many investors are seeking return and seeking yield,” he adds.   ... "