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Other big-money investors at the event agreed that innovation would make the tech sector lucrative for years to come.
"We're still very bullish in the long term," said Deven Parekh, managing director at Insight Venture Partners, a private equity and venture capital firm that has raised more than $10 billion since 1995.
Ian Loring, a managing director at $75 billion Bain Capital, was another tech bull.
"Where's the biggest productivity improvement coming from still?" he asked, noting that the world can only grow through population or productivity increases. "A long time ago it was autos and manufacturing. Today it's tech."
"At some level we continue to be hugely interested in tech," Loring added, noting opportunities in security, cloud computing and mobility technology companies.
Ian Sigalow, co-founder of $600 million venture capital firm Greycroft Partners, referenced the high use of technology by innovative companies in industries traditionally seen as outside the tech sector like Tesla (automotive), Nest (hardware and devices) and Plated (food services).
"The world is changing and I think technology is at the forefront of that," Sigalow said.