Assuming the IPO goes well they should get applause because YC and employees will get liquidity. That said, if the IPO is priced low, employees and some invest

Assuming the IPO goes well they should get applause because YC and employees will get liquidity. That said, if the IPO is priced low, employees and some investors may not get a large windfall and may not celebrating too much (kind of like how you do not always celebrate a large down round).