Facebook flop means hard times ahead for startups — Y Combinator’s Paul Graham is worried

Paul Graham is the genius behind Y Combinator, one of the first startup incubators and the birthplace of immediately recognizable companies such as Reddit, Scribd, Disqus, Dropbox, Posterous, and many, many more. So if he gets worried, people listen.

Right …

What if it’s 1996, not 1999?

(Editor’s note: Jeff Bussgang is a General Partner at Flybridge Capital Partners. This column originally appeared on his blog Seeing Both Sides.)

In May 1996, Open Market completed a successful IPO and more than doubled on the first day of …