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July 17, 2012 02:36 am GMT
The debate over whether the Facebook IPO was or wasn't a disaster is probably getting a bit tired, but at Fortune's Brainstorm Tech conference in Aspen, the magazine's managing editor Andy Serwer couldn't resist asking venture capitalist Marc Andreessen, albeit indirectly.Andreessen is on Facebook's board of directors, which makes it irresistible to ask him about the IPO, but also means that he can't talk about it specifically. Instead, he talked about the general IPO market, offering an argument that should be familiar to TechCrunch readers. He said there's a conundrum with IPOs, because if you price them so that there's a 100 percent pop in the price on the first day, it gets a lot of positive attention, but "the company has left an enormous amount of money on the table."
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/eTqUUNakL2Y/
Marc Andreessen Dances Around Facebook IPO, Says The Public Market Hates Tech Stocks
The debate over whether the Facebook IPO was or wasn't a disaster is probably getting a bit tired, but at Fortune's Brainstorm Tech conference in Aspen, the magazine's managing editor Andy Serwer couldn't resist asking venture capitalist Marc Andreessen, albeit indirectly.Andreessen is on Facebook's board of directors, which makes it irresistible to ask him about the IPO, but also means that he can't talk about it specifically. Instead, he talked about the general IPO market, offering an argument that should be familiar to TechCrunch readers. He said there's a conundrum with IPOs, because if you price them so that there's a 100 percent pop in the price on the first day, it gets a lot of positive attention, but "the company has left an enormous amount of money on the table."Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/eTqUUNakL2Y/
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