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Thiel: Airbnb is worth more than Uber; no tech bubble

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Thiel: Don't see bubble in tech

The lack of frenzied dot-com IPOs luring retail investors to sky-high valuations means that there's no bubble in the sector, PayPal founder and Silicon Valley venture capitalist Peter Thiel said Wednesday.

"I don't think we have a bubble in technology. This is nothing like the '90s," he said. "The great tech companies have learned to stay private and there's no bubble because bubbles only happen when the public is involved."

Thiel said that tech companies were the subject of "private debates among private investors because the companies have learned not to go public."