Legendary tech investor Bill Gurley says today's markets remind him of the dot-com bubble | Markets Insider

on Friday that the stock market reminds him of the late-1990s tech trading environment that led to the dot-com bubble.

"There is certainly what I would call a highly speculative nature to the markets today, a willingness to take on risks, a willingness to get excited about projects that may be five or 10 years in the future, that we haven't seen since the '99 time frame," the Benchmark partner said. He added:"I really can't speculate or know exactly what it was, or the confluence of events that led to that, but we are living in a more speculative technology market for sure."

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