Sunday, May 22, 2011

LinkedIn gets no respect on Wall Street

The Media loves them. The VCs have stars in their eyes and we like them too.

But Cramer says the LinkedIn IPO was pure manipulation - right out of the dotcom bubble playbook: the underwriters do great, the VCs do well too but the founders mostly get the downdraft.

Joe Nocera and Henry Blodgett say the founders got ripped off to the tune of $200 million - as if they sold their house for $1 million but in fact their broker resold it for $2 million.

What are we to think? The secondary will tell!
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