"...those funds know that internet companies are still valuable, there is no tech bubble and by building a long-lasting company that creates value well-timing i

"...those funds know that internet companies are still valuable, there is no tech bubble and by building a long-lasting company that creates value well-timing its IPO, you can make incredible returns" It occurs to me that part of the issue surrounding the controversy of bubble vs. no bubble may boil down to semantics. A "bubble", after all, is a fairly arbitrary construct. Whether or not we are approaching the peak of a J or S-curve may be subject to debate - but there is no doubt we are approaching a temporary peak. Funding will begin to dry up as general perception sours vis a vis tech in general and Internet startups specifically. A fair amount of publicity surrounding the Facebook IPO was directed at monetization (or lack thereof). Frankly, this criticism is legitimate. The widespread lack of sustainable business models among Internet ventures should be a source of concern to investors. Expecting "value" to simply materialize serendipitously is wishful thinking at best - and at worst, the telltale sign of a bubble.