I think that the real story is, "Listen to industry gossip". Everyone here thought FB was overhyped. Everyone here think that things needed to come down a bit.

I think that the real story is, "Listen to industry gossip". Everyone here thought FB was overhyped. Everyone here think that things needed to come down a bit. VC is going to get harder to get (thanks to a certain serious longitudinal study, the Kauffman report, not a single bad IPO), but costs are going down as startups get leaner. More value will be created, not less.