Paul Graham's Letter to YC Companies
Late to this thread, but I posted this on May 31:<p>Facebook: Did they just pop the bubble and screw twitter?<p><a href="http://abnerg.tumblr.com/post/24119345098/facebook-did-they-just-pop-the-bubble-screw-twitter" rel="nofollow">http://abnerg.tumblr.com/post/24119345098/facebook-did-they-...</a><p>Two outstanding questions:
1. Can we be done with the advertizing business models please?
2. How much did the Facebook IPO really shift the private equity market?