Mark Cuban made waves this week by claiming that the the rise of angel investing indicates a bubble, even worse than the dot.com bubble in 2000.
Alpha Venture Partners’ Managing Partner, Steve Brotman, went on CNBC to explain why Mark Cuban is wrong with his assessment.
“There is a little bit of over exaggeration here, “Brotman said. “The 20 or 30 billion dollars of angel capital invested every year is really a drop in the bucket in our economy. When someone says “bubble” — from my perspective as an investor and as an economist — it mean a structural damage to the economy because of these activities. [With angle investing] the impact on the average joe would be nominal.”
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