Sadly I believe this matters alot for the startup industry.<p>A few of the issues that happened today.<p>1) The IPO broke, meaning its traded under its opening price.  Some people will look at this and think, good the company got full value, but the fact of the matter is that if tech IPO&#x27;s start to trend like this then opening day valuations will start to tumble and its entirely possible that we&#x27;ll see a unicorn IPO below its last valuation.<p>2) The offering wasn&#x27;t fully subscribed.  This means that there were shares to be had and people just said, &quot;No thanks, we don&#x27;t want to own this company.&quot;  This is a pretty rare event for IPO&#x27;s and its not at all a positive one.