Siminoff: “Look for an exit”
October 24th, 2007 by Benjamin KuoThe current Forbes MEET session is “Silicon Valley Meets Hollywood”. Youtube’s Chad Hurley, David Siminoff of Venrock, and Dan Scheinman, SVP and General Manager of Cisco are talking with Quentin Hardy of Forbes.
The discussion briefly touched on the venture capital industry, with Siminoff saying: “…It feels like June of ‘99″ at the peak of the Internet bubble. Siminoff and Hardy talk about lots of VCs “looking for an exit”. I think the $15B valuation of Facebook and Microsoft investment has some folks here shaking their heads. Earlier in the day, Barry Diller commented on Facebook and said “Paying $10 to $15 billion for anything, much less something without any revenues, is somewhat suspect.”
