If you have not read it already, the YCombinato Paul Graham email he sent to his YCombinator companies is here:
http://news.ycombinator.com/item?id=4067297
Bascially he states that due to the problems with the Facebook IPO, not Facebook's perfomance, that investors expectations are drastically being malinged and that if you have rasied funding be prepared for a long down-turn.
He also states that you are in best position if you have already pivoted to a model where the goal of revenue generation to profitability is within a 24 month span or the span of funding that you have then you are prepared for the down-turn and whatever effects will appear.
Many had predicted a Social bust in fall of this year due to saturationof the USA market, however that bust has seemd to come sooner than expected and for other reasons. In my own case I had prepared 10 startup plans that exploit Android weaknesses for fast revenue generation in the $1 to $2 million per month range after a period of 12 month development so my outlook may be biased as I already had pivoted to a different social area of startup venturing and exploration.
We will see differences between valuations, money wanted and raised, down-rounds and basically the whole gamut for the early stage startups. sorry for the bad news folks, but its better to be prepard than not.
My more technical blg posts are at my mobile blog:
