Bloomberg interview

Conway talks about valuations:

Right now…a typical startup is in the $3 million-$5 million range

He says valuations are creeping up to around $6 million-$7 million range but are not overvalued, and M&A is still a ‘great exit opportunity’ for the startups as Google, Microsoft and even Apple are making acquisitions.

In the next year probably 10-15% of the portfolio will get acquired

On privacy issues:

Consumers are getting used to a more open environment on the internet so the privacy issues are really a moving target…Twitter, Facebook, Google are very sensitive to the privacy issues

He says hundreds of millions of social feeds show consumers aren’t backing away.