04/25/2011 08:50 am ET Updated Jun 25, 2011

This Isn't A Tech Bubble, It's Something Else Entirely

If you're an early stage venture capitalist or angel investor there is no time like the present to declare a bubble, say valuations are out of control and predict the demise of the tech industry in the very near future. Since they're in the business of buying low and selling high, any angle that suggests that the buy price should be even lower sounds great to them.

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