We are turning away money at this point. We will raise about $25 billion this year. In talking with many venture capital firms, I think we could have raised $100 billion if we wanted that money.
We are turning away money at this point,
They actually want these guys for more than their money.
Are we concerned about a growing frothiness here? The answer is absolutely not, ... There is simply not enough money coming into the asset class to support the kind of exuberance we saw in the late 1990s, and that's a good thing.