Benchmark's, Bill Gurley, explains in depth why he believes we are in a tech bubble and how this will effect the venture/tech industry. Bill believes “There has been a fundamental sea-change in the investment community that has made the incremental Unicorn investment a substantially more dangerous and complicated practice... All Unicorn participants—founders, company employees, venture investors and their limited partners (LPs)—are seeing their fortunes put at risk from the very nature of the Unicorn phenomenon itself.”