And in Hong Kong the view seems to be that buying stock in a high-tech start-up is akin to purchasing a lottery ticket.

FORBES: Lessons on Start-up Commons From Hong Kong And Singapore

Very quickly, the price of this and other dotcom stocks started heading south, and other high-tech hopefuls found it impossible to get a stock market flotation.

BBC: Is the air escaping from the tech bubble?

The high-tech explosion over the last 20 years or so has minted stock-option millionaires by the thousands.

NPR: The Few, the Tech-Savvy Few: Option Millionaires

For all these reasons, Levy is keeping more than 50% of his assets in Treasurys, and advises using any rally in the stock market to unload equities, including once-high-flying tech stocks that have fallen like lead.

FORBES: Leon Levy Says Sell on Strength

Their stock prices would rise above the mass of boring old blue chips and follow the high-flying tech stocks.

ECONOMIST: A survey of E-entertainment

The SME board was launched in 2004 to assist smaller growth companies in China to raise capital, and the Shenzhen stock exchange added the ChiNext board, a NASDAQ-type exchange for high-growth, high-tech start-ups, in 2010.

FORBES: China's Capital Markets At An Inflection Point