Savvy investor sees trouble ahead in Silicon Valley

Angel investor Kevin Hartz, CEO of San Francisco’s Eventbrite, made his investment chops as an early believer in PayPal, Airbnb, Flixster, Palantir, Trulia and Yammer, among others. But it’s been a year now since his last investment—in Pinterest—and he tells Wired he sees a chill ahead for the current Silicon Valley startup boom and is content to stay on the sidelines. “We can’t know how much longer this abundance of capital will last, but I don’t want to be part of it. When I see a massive number of new investors and carpetbaggers coming in, it’s time to get out.”
Image: Wired