In a brief interview on Yahoo Finance, Professor Steve Blank raises concerns that the Facebook IPO could intensify expectations for quick returns on venture capital investments. He fears this could actually hurt long term innovation in the Silicon Valley.
“Serial tech entrepreneur and professor Steve Blank argues that Facebook and the “social media” craze are ruining Silicon Valley’s innovation machine.”
“VC’s have become so intoxicated by the lure of instant riches from the likes of Facebook and Instagram that they’re mostly funding companies that have a chance to be worth billions overnight”
He also discusses his concerns with The Atlantic here.