Silicon Valley Is Just as Responsible for IPO Dysfunction as Wall Street

By Andy Gordon My main gripe with the TechCrunch Disrupt event I went to in San Francisco last week?
No angst.
You’d think that with Uber trading 30% below its IPO price, Lyft trading 40% below and Slack trading 8% below, there’d be just a little anxiety. But I didn’t hear a single word spoken in defense (or criticism) of everybody’s favorite whipping boy, Alfred E. Neuman.

Oh, wait a minute, I meant the other happy-go-lucky guy, WeWork’s ex-CEO Adam Neumann.

I suspect you know WeWork’s story by now. WeWork was originally expected to IPO near (at least) the $47 billion valuation it had during its last …read more