Tech money in every industry, but still no bubble: VC

In the technology world, no question comes up more frequently these days than "Are we in a bubble?" And while it's not up to us at CNBC to answer that question, we do sometimes happen upon little nuggets—data, anecdotes, tweets and the occasional wild partythat can possibly help others make their own assessments. When we do, we'll share them in an occasional column we're calling "Bubble watch?"

There's a tech gold rush going on right now, but that doesn't mean there's a bubble forming, one venture capitalist told CNBC on Tuesday.

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Because this tech boom is so expansive and is not limited to Internet companies, the odds of a big bubble are limited, said Steve Jurvetson, managing director of Draper Fisher Jurvetson, on Squawk Alley.

"It's not like it's just these dotcom kinds of companies that come and go. We have incredible breakthroughs going on in synthetic biology, agriculture biotech, robotics, drones, rockets, cars," Jurvetson said.

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"It's as if all of these different industries that weren't available for entrepreneurship and venture capital are now becoming software-driven businesses, and when they become software centric businesses the pace of innovation feels like that of a computer company and it is a wonderful time."

Jurvetson, who is also a current board member of SpaceX and Tesla Motors, said that the diversity in the sector actually mitigates the risk, and that overall technology will continue to reshape all industries going forward.

"Any one sector may come and go, may have its booms and busts, but the average, it seems to us that it is part of the ongoing megatrend that technology is innovating and revolutionizing every industry," he said.

While more VC money may be pouring in to different sectors, the lion's share of the funds are still going to Internet companies. In fact, in the first quarter of this year 49 percent of all funding went to Internet companies, and in the second quarter the sector accounted for more than 40 percent of VC funding, according to CBInsights.

By CNBC's Cadie Thompson