Valuations for Silicon Valley start-ups are not "crazy" and the tech space is not in bubble territory, venture capitalist Tim Draper told CNBC on Tuesday.
"When people start talking about a bubble, you're not anywhere near the top of a bubble. I think we got a long way to go," Draper, a partner at venture capital firm Draper Fisher Jurvetson, said on "Squawk Alley."
In terms of risk, the burn rate for Silicon Valley companies is not one size fits all either, Draper said. In other words, how a company manages its money is specific to that company and not indicative of the entire sector, he said.
"Companies need to figure out their burn rate in a case-by-case basis. I don't think it's necessary that you just take a blanket statement and say, 'Hey, everybody cut back,'" he said. "I think there are plenty of opportunities out there and if you know what you need to do with your money, pour it on."