Bill Gurley, the Benchmark Capital investor who backed Snapchat and Uber, is uber-bullish when it comes to his own portfolio. But the rest of Silicon Valley, he says, is not nearly frightened enough: "No one's fearful, everyone's greedy, and it will eventually end."

Yesterday, Nextdoor CEO Nirav Tolia was charged with a felony for allegedly leaving the scene of a hit-and-run that left a female driver injured. Speeding away in a BMW X5 reflects poorly on a startup like Nextdoor, which raised $100 million to build a social network for good neighbors. But for Tolia, this sudden scrutiny could also undo years of rehab on his tarnished personal brand.

Snapchat investor Bill Gurley thinks anonymous apps like Secret and Whisper are just a fad, telling Business Insider: "I think it's going to be really hard to monetize."

Benchmark Capital is in ascendance, thanks to investments in Uber, Snapchat, Twitter, and Instagram. Thus the VC firm can afford to say ridiculous things like: "Our belief that this is more of a guild than a corporation. So, we try to think of it as artisans practicing a craft," as if they were 18th century woodworkers and not financiers hand-carving embellished valuations.