It always amuses me how the avowed capitalist tone of HN changes when it comes to a start-up cashing out. I wonder why "Wall Street" getting the money didn't bother pre-IPO investors and VCs in all the previous tech IPOs or stop them from investing on the same terms again and again. After all, it couldn't be that the same "Wall Street" later rewards those playing by its rules.

I'm very skeptical that all participants of this IPO, from the VCs to the CEO and board to the underwriter, weren't on the same page regarding how the system works and how IPOs work in this system.