Business Insider SAI has revealed that Angel investor Paul Graham left a comment on a Hacker News poll denying that the tech industry is in a bubble.
He allegedly contrasted the current situation with the run up to the dot-com boom in the late 1990s when he made a comment on an online poll which asks participants whether or not they are concerned about a tech bubble or that people are ‘overreacting’.
He is said to have replied “What’s happening now is a lot more localized. A few professional investors are paying higher valuations for startups than they were a few years ago. But the number of participants and the amounts of money moving around are both very small compared to the 90s.”