If Facebook Doesn't Go Public, What Then?
As 2010 gets underway, tech watchers are waiting with baited breath for Facebook to file its S-1, a move that would invariably swing open the IPO gates to a number of other social networking startups that have millions of users and envy-inducing revenue numbers. But what if a Facebook IPO isn't as imminent as everyone anticipates? Yes, it introduced a dual-class structure in November -- just as Google did before going public -- but Mark Zuckerberg doesn't make decisions on anyone's timeline but his own, seemingly. If the company decides to wait, will LinkedIn and Zynga executives be left looking at their timepieces and tapping their shoes? Earlier today I explored the question with Terry Schallich, managing director and head of equity capital markets at the tech-focused investment bank Pacific Crest Securities. Get our Q&A after the jump...
