It was supposed to be the IPO of the decade. Instead, Facebook’s initial public offering one year ago today was derided as the “Faceplant.” In the months since, it has never approached its underwhelming first-day close of $38.23.
In the first three months of 2013, nationwide venture funding fell 12 percent compared to the previous quarter. That's a troubling sign, considering that 2012 was the first time since the Great Recession that venture capital investment fell year over year.
If a few auditions had turned the other way, Dick Costolo might have gone on to television stardom like Steve Carell, his fellow cast member of Chicago's influential Second City comedy troupe.