There may be a private technology bubble right now, but when looking out over the long term, it is really just noise, Y Combinator President Sam Altman said Tuesday.
"There are a lot of people who sort of try to speculate where in the cycle we are and what's going to happen next month, next year," he said in an interview with CNBC's "Power Lunch" from the Vanity Fair New Establishment Summit in San Francisco.
"At Y Combinator, though, we try to think the next decade, the decade after that. If you invest on that sort of a time frame, if you try to think about how awesome the world is going to be in 20 years, then everything here just looks like noise."
Talk of a bubble in Silicon Valley has been growing as the number of billion-dollar private companies, called "unicorns," expands.