Is the same sort of greed fueling the dotcom boom in these popular fintech type of companies? Nasdaq compsite has now surpassed the dotcom high of 2000. P/E Valuations are over 10x multiple, public and private valuations are becoming distorted eg Pandara by being higher vs public valuation. Micro Vcs (<$50m) are increasing. When the whole market is investing in one direction that is the bubble territory. Companies are raising money when they don't need it. Users are the start up focus rather than revenues; eg Slack reached a valuation of 3700 per user when only 1 in 4 users pay!. There are a number of high profile failures too, Secret and GigaOM, so maybe these is the beginning of the new trend, history repeating itself as per 2000?