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Fred Wilson
Re: Is it a tech bubble? -
"great post Chris. Zynga trades at something like 13x pre-tax cash flow when you back out the $1.5bn of cash they have. that certainly doesn't seem like a bubble valuation either. i do think there is more money sloshing around the tech/internet/mobile sector now than there has ever been. and that is impacting valuations across the board.  the question is if this is temporary or the "new normal". i guess we will find out." - Fred Wilson