"Jessica and I had dinner recently with a prominent investor. He seemed sure the bad performance of the Facebook IPO will hurt the funding market for earlier stage startups." - PG
What part of this is unclear? PG was sure enough to write a letter to the startups warning of the oncoming contraction. I am guessing the VC was someone of the caliber of Ron Conway.
I do not have data as data is a historical record (in this context), not a prediction of the future. This is why it is a warning of thing will come, but the question is HOW MUCH will the market contract, not IF if will contract.
"I think it's still too early to see if there is a material impact."
I believe this should read, "I think it's still too early to know the extent of the impact."
EDIT: I don't have any hard data, I am using PG and AVC to assert that what they say is true based on the information they know.
You said "late stage and secondary markets is drying up." You need actual data (even if it is a few months old) to back that up.
What actually happened in the case of Facebook is that the price was run up so high on the secondary markets that the public markets missed out. That's not the same thing as drying up. It could lead to that in the future but I think it's still premature to say it is happening now (especially with no data).
What part of this is unclear? PG was sure enough to write a letter to the startups warning of the oncoming contraction. I am guessing the VC was someone of the caliber of Ron Conway.
I do not have data as data is a historical record (in this context), not a prediction of the future. This is why it is a warning of thing will come, but the question is HOW MUCH will the market contract, not IF if will contract.
"I think it's still too early to see if there is a material impact."
I believe this should read, "I think it's still too early to know the extent of the impact."
EDIT: I don't have any hard data, I am using PG and AVC to assert that what they say is true based on the information they know.