I don't know how much this will affect investors. It's not like the lackluster performance of the Facebook IPO is insider information. This just seems like a wa

I don't know how much this will affect investors. It's not like the lackluster performance of the Facebook IPO is insider information. This just seems like a way to tell companies what they might expect when they need to fundraise. Without more data, it's impossible to know exactly what this will do to valuations. And the advice to run lean isn't exactly new advice from pg. Founders will still try to get the best deal that they can, regardless of the market.