The Nasdaq composite index closed Monday above 5,000 for the first time since March 2000 and the pros were in agreement: Times have changed.
For Craig Kanarick, CEO of Mouth and co-founder of Razorfish, Nasdaq 5,000 is a "blip." He thinks the index will go much higher, in part because the companies in the index are stronger.
"The companies that we're talking about like Apple are much more sophisticated. Steve Jobs was barely at Apple in 2000. But I think also there's a difference in the way people are investing now," he said in an interview with CNBC's "Closing Bell."
Back before the dot-com bubble burst, there was a "gold rush" of IPOs where people were hoping for a 600 percent return in one day, Kanarick said. Now the market is more professional and less speculative, he said.
"We'll start to see this slow down and head up to 7,000 in the next couple of years," he said.