More FB Fallout

Several mutual funds that invest in private companies such as Facebook have taken extreme hits due to the 29% decrease in FB stock price since the IPO. This will likely impact the future investments made by these so-called "business development companies." Media reports show that GSV Capital has a FB allocation of just 3.8%, yet GSV's share price has dropped more than 35% since the FB IPO. Ditto Firsthand Technology Value fund with its 7% allocation of FB and a nearly 32% drop in its share price since the IPO. The drop in FB shares has also impacted other large private companies such as Twitter, down about 15% since before the FB IPO. We should all hope that FB shares recover!