For us, whether the market is skewed from a bubble perspective or not really is mitigated by staying focused on what we do best.

When I started in the business in 1999 and 2000, we had companies that were going public in two, three or four years.

College is a magic time. Yes, youre young and fickle, but you want to be part of this college experience... Then you graduate from that. You have your first job, moving to a new city.

I think there are a lot of companies that are staying private longer. Much more of their growth is happening while they are on the private side. So their valuations are hitting $1 billion while they are still private more often.

Founded in August 2003, MySpace would go on to be the most-visited social networking site in the world from 2005 until early 2008.

Every social network on Earth pitches me, and I say no to nearly every single one of them.

For us, whether the market is skewed from a bubble perspective or not really is mitigated by staying focused on what we do best.