I'm not sure I'd have used the words "in-depth", but here's what he says about bubbles: "We might be in a series of micro-bubbles, seed round prices being drive

I'm not sure I'd have used the words "in-depth", but here's what he says about bubbles: "We might be in a series of micro-bubbles, seed round prices being driven higher by VCs competing with angels for good seed deals. I don’t think we’re in a macro bubble. The total amount of money in the market or at risk is still very small."