Editor's note: This is a guest column by Andy Rachleff, whose bio is below.
Like everyone else here in Silicon Valley, I'm excited to see Facebook going public. No, I don't own a piece of the company, and I don't believe a blockbuster IPO will revive the entire global stock market, as some commentators have hyped.
What I do think--or certainly hope--is that a successful offering by Facebook will help young entrepreneurs understand why Silicon Valley embraced IPOs in the first place. And, importantly, why we need to revive the culture of the IPO.
When I … Read more