The next tech bubble is about to burstFew of these VCs will actually use the term “tech bubble.” They have investments whose value they would probably prefer to not destroy. They’re hedging their bets by calling it things like a “risk bubble” (Gurley), an “escalating risk of a catastrophic down round” (Andreessen), or “Burning cash. Losing money. Emphasis on the losing” (Wilson). These semantic distinctions may seem important now, but they’ll seem quaint when people start losing their jobs.