Former Y Combinator president Sam Altman, Forerunner Ventures founder Kirsten Green, Cloudflare's Michelle Zatlyn and Niantic COO Megan Quinn were among the investors and tech executives appearing on the second day of The Information’s Future of Startups conference. Below are the highlights from the morning sessions.
Sam Altman: ‘We’re definitely in the irrational exuberance phase’
Many of the steep valuations fetched by Silicon Valley startups no longer reflect fundamentals of the companies, a sign that “we have definitely reached the irrational exuberance phase of things,” said Sam Altman, former president of Silicon Valley accelerator program Y Combinator and an angel investor.