IPO valuations, and post-IPO stock performance, have a lot to do with funding rounds for startups. This affects not just startups, but the overall employment and economic climate, especially in startup-heavy locations such as the SF Bay Area.
Given that much of the counter-cyclical economic activity in the Bay Area is a consequence of startup-related companies, I'd expect a fairly broad overall cooling, at best, from the Groupon / Zynga / Pandora / Facebook, et al, experiences.
David (no last name)'s financial logic is flawed. His concerns aren't.
IPO valuations, and post-IPO stock performance, have a lot to do with funding rounds for startups. This affects not just startups, but the overall employment and economic climate, especially in startup-heavy locations such as the SF Bay Area.
Given that much of the counter-cyclical economic activity in the Bay Area is a consequence of startup-related companies, I'd expect a fairly broad overall cooling, at best, from the Groupon / Zynga / Pandora / Facebook, et al, experiences.
David (no last name)'s financial logic is flawed. His concerns aren't.