He warns: "The bad performance of the Facebook IPO will hurt the funding market for earlier stage startups.""No one knows yet how much. Possibly only a little. Possibly a lot, if it becomes a vicious circle."He says that startups which have not yet raised money should lower their expectations for how much they will be able to raise. Startups that have raised money already may have to raise "down rounds," or at lower valuations than they previously had.
FACEBOOK FALLOUT: Y Combinator's Paul Graham Just Emailed Portfolio Companies Warning Of 'Bad Times' In Silicon Valley - Business Insider
FACEBOOK FALLOUT: Y Combinator's Paul Graham Just Emailed Portfolio Companies Warning Of 'Bad Times' In Silicon Valley - Business Insider
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