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It's very possible that the Facebook IPO came early enough in this bubble to actually prevent a huge disaster. I did not like where things were headed with most startups in the past couple of years. The Facebook IPO was like a fire extinguisher that happened to contain a small fire before it got way too out-of-control.

If your startup has no business model, you better think of one fast. If your startup has no revenue or a lack of it, you better start generating a lot more really soon. If your startup has a solid business model and is cash-flow positive, it's time to start leap-frogging the competition and adjusting the course. This is the time when good companies become great ones.




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