To plenty of us in the tech field a successful Facebook IPO would have opened up a path for other tech business to IPO in the near term. On top of that a successful IPO would have opened up some funding in our hacker space (Paypal Mafia/Google Mafia..etc). We want them to be successful.
Kind of true, but I'm wondering if there is more to be gained in Silicon Valley by deflating and delaying the pop of the bubble a year or longer or by prompting a string of tech IPOs that will line the pockets of engineers that can fund many startups several years later after the pop. As someone working on a startup now and looking to move from bootstrapped stage to seed stage, I'd rather see the bubble deflate now. Lining the pockets of a Facebook Mafia and several other "mafias" doesn't do me and others like me a whole lot of good in the near to medium term.
Seems to me it's a very good thing none of that happened. The VC scene was already pretty damn irrational and dysfuntional, and in sore need of some unpleasant reality injection.
