we asked that of legendary silicon valley investor mike kwatinetz. mike krey: i guess the macro question would have to be--obviously you went through a pretty big tech bubble. and you know, for months i heard people saying, "no tech bubble, no tech bubble." now, i'm starting to hear tech bubble coming up more and more. what's your take on that? mike kwatinetz: well, it's interesting. in 2001, '02 when it burst, people said this would never happen again. and i knew it would happen again because it happened before, it would happen again. now, it's different now. it may not continue to be different, but right now, i think we're in 1997 equivalent, '98. not in 2000, 2001. and the reason is, if you look at companies, for the most part there's real value behind the valuation. so, the question is, are they slightly overvalued? maybe, but in 2000, we got to the point where there was no value behind the value. scott: right, the company's clearly not making money. mike: not just not making money, not even having revenue and having a billion dollar valuate. now,

we asked that of legendary silicon valley investor mike kwatinetz. estion would have to be--obviously you went through a pretty big tech bubble.