Theodore Schleifer: Most tech investors think the industry’s companies are about to grow even more valuable

Tech investors have grown increasingly bullish about the companies they fund over the last six months, even after a series of much-anticipated IPOs proved to pack more fizzle than pop in 2017.

Sixty-eight percent of investors told SharesPost, an industry research firm, that valuations for private companies will increase over the next 12 months. Only 49 percent said the same six months ago.