Tech

There’s a tech bubble, and I’m happy about it: McNamee

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While some investors and market experts may be worried about a tech bubble, Elevation Partners Co-Founder Roger McNamee said Thursday he is delighted with it.

"Every major industry in the history of the United States has been built on the back of a financial bubble," McNamee said on CNBC's "Squawk Box." "I think that bubbles are inherently exciting while they're happening and seem tragic when they end, except that you are left with this great new industry."

Chatter about a brewing tech bubble has been at the forefront of industry news, as private firms such as Uber and Airbnb, achieve multibillion dollar valuations. Uber was recently valued at over $40 billion, while Airbnb was valued at over $10 billion.

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McNamee added that these bubbles also present great buying opportunities for investors.

"It's a market. Things will go up, and things will go down, but the real things will always give you another buying opportunity," he said.