Part 8/11:
Simultaneously, concerns about circular financing and inflated valuations surface, reminiscent of the dot-com bubble. During that era, many valuations were driven by hype and speculative investments without solid fundamentals. Rasgon recognizes these fears but argues that current investments are often made by highly profitable and well-funded firms who can see tangible opportunities, such as Nvidia's strategic investments, including its stake in OpenAI.