Except - unless I misinterpreted it - PG didn't quite say that. He pointed out the differences between the tech bubble then and what's occurring now. Sure, I'm nitpicking, but I think it's an important distinction.
If there's a bubble, it will surely be different than before and isn't it a bit early to make sweeping predictions? PG didn't make any.
I am definitely skeptical of this article's conclusion.
Just because Yuri Milner and Mark Zuckerberg are poised to make a lot of money doesn't mean that there are a lot of people out there who are going to hop on tech stocks because they look hot and lose a lot of money.
It's certainly true that Facebook, LinkedIn and other tech companies are making something that has an impact on the lives of others, but that doesn't mean that valuations aren't going to get horribly out of whack.
In fact, Zuckerberg and Milner stand to make a big pile of money if valuations do get horribly out of whack. Just as the banks did during the mortgage loan fiasco.
