Bill Gurley, a partner at Benchmark Capital, offered his take on everything that went wrong with the Facebook IPO during an interview with Bloomberg West. One factor he suggested is that the company simply waited too long for its IPO.
“I think one thing that may have happened with both Facebook and Zynga is that they may have waited too long to go public. They got particularly cute on that front,” Gurley said in the interview. “These companies that are waiting forever – you can’t enter the market on your seniors tour.”