Why one famous VC is playing the long game

Tech bubble, schmech bubble. One social media CEO said he’ll patiently — but cautiously — wait it out. Reid Hoffman, co-founder of LinkedIn, revisited the idea of a potential tech bubble at an Internet Association meeting Tuesday. Hoffman is focused more on finding “radically bold, new or contrarian” companies than contemplating a brewing technology crash, he told CNBC’s “Squawk Alley” Tuesday. “Build companies that will transform industries and which year it goes out [public] doesn’t actually really matter,” Hoffman said. “It’s actually more of a question of if it’s sustaining.” As an investor with veteran venture capital firm Greylock Partners, Hoffman said he is patient enough to wait for that 100- or 200-year company to come along and have a lasting impact on society. Hoffman dismissed the idea that a…

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