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With the success of linked in its public debut many people on the street are wondering one question are we in a tech bubble -- we decided to ask an expert someone who lives in breed technology.
Every single day Sonja Perkins is in managing director with Menlo ventures -- happy.
Happy here today thanks for having -- case it's a question -- -- -- -- Butler and now I think we are an -- bubble.
Out for the last ten years or so they -- then that very few IPOs as the stock market has been relatively close to new technology companies.
So I say there's a very large backlog of really great terrific companies that are that have gone public and are ready to go public.
But what about the valuations some of these companies -- we're talking about potentially going public whether it's linked and or even group on her Twitter.
That revenue models are proven yet and the multiples that we're talking about the overall valuations.
Are in harness how do you.
Kind of bridged that gap.
Well there's definitely a lot of excitement around these companies.
And there's a lot of pent up demand for people who want to buy these companies.
Overtime I believe that these companies will grow into their valuations because they really are shifting the way that way the world is communicating and talking today.
To be really exciting but I do believe that these companies.
Will be the core platform companies of the future but not all of them are going to.
-- And next big thing whether it's going to be the next Google the next apple what differentiates.
The big ones the winners and losers.
Well I think it's hard to say it right now but.
I think what will happen is they'll have to have a proven business model.
And if they have a -- proven business model they will be able to capitalize on it went like you look at Microsoft they've just had -- not they did a phenomenal job.
Kind of building a core product that.
Continue -- -- sold for a long time and I think today with these new paradigms of communications -- we people are.
There will be lots of new business models that will be established in the ones that maintain will maintain their valuations used -- new cars every single day new ideas -- -- some tips out there to some of our viewers to.
Are looking to potentially get venture capital money.
After present themselves and their idea -- -- that given a heads -- yeah absolutely offers well.
America's a great place to start a company so entrepreneur -- it's great and it's thriving.
So if you start a company on the first thing I recommend is kind of big market.
And actually got in touch your customers and make sure that they actually want to -- whatever it is you're selling or use whatever that you're doing.
And then hire the very best people find the best people that can help execute the plan.
And of course eventually get a business model that works -- have -- have insight into what kind of business model will make a lasting business with profitability and cash -- -- and any hot areas right now -- -- think and could be right front -- partnership absolutely now is really an exciting time -- -- furious that I think are very exciting in the first one is the consumer cloud.
For all the complexities and IT are now being brought into the cloud which enables some really exciting applications and it's heading services to happened three -- the -- For example Menlo ventures has a company called carbon night which enables PC and Mac -- back up just from a simple.
And keystrokes in your computer where you don't have to own any of the hardware -- any of the the items to back up.
Another one is -- -- is the music network and it's -- music service that enables consumers to pay ten dollars a month and listen to the world's entire music collection -- almost the world's entire music collection.
-- from any device from any PC from any.
At -- anything yet and -- another area which is really exciting is this is the social enterprise.
So Twitter and FaceBook have done it really great job.
Educating the world on ways to communicate one to many in many to one and they've done a really good job with that with the consumer.
Right now businesses are beginning to use those techniques to communicate better to their employees and that there constituents or their customers.
We at Menlo ventures were involved in the company called social Kasten.
And social -- was recently sold to VMware.
And what they did is they enabled.
Employees to communicate and collaborate within enterprises.
We actually even have another company called encircle.
Which has a business product called benchmark.
And benchmark is a really exciting because it allows consume act allows businesses.
To compare their information technology infrastructure with others so they can determine if they are secure not -- secure.
An overtime using this kind of private.
Become more secure for that kind of -- you world overall.
All right great you gave some great tennis great -- trying to bring viewers out there great -- -- that's probably doubters out there that think there weren't tech bubble.
According to one -- -- Perkins we're not having -- -- thanks for having me great things.
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