SFCED | San Francisco Center for Economic Development

This is No Bubble, but Get Ready for a ‘Correction,’ Top Investment Banker Warns

Altman said we are living in a “golden moment” where “the Ubers of the world” can be highly valued without going public, thus avoiding the increased regulatory scrutiny that comes with being a public company.

No, we’re not living in an economic bubble. That’s what former Treasury Department official and investment banker Roger Altman told a venture capitalist conference Wednesday in San Francisco.

However, Altman predicted there will be a “correction.”

“But I don’t think we’re going to see a repeat of the dotcom” bust, Altman said Wednesday at the annual meeting of the National Venture Capital Association. “That was a broad correction across the tech sector.

“I don’t think that’s likely to likely to repeat itself,” he said.

Read more: SFGate (blog) This is no bubble, but get ready for a ‘correction,’ top investment

This is No Bubble