The poor reception to Facebook's (FB -5.6%) IPO, not to mention the broad selloff that's...

|About: Facebook (FB)|By:, SA News Editor

The poor reception to Facebook's (FB -5.6%) IPO, not to mention the broad selloff that's happened in highly-valued Internet names as a result, continues to send shockwaves through Silicon Valley. VCs are extending more scrutiny to the rich valuations sought by Square and other hot startups, even if they're still optimistic about their long-term prospects. Meanwhile, local companies think the time is ripe to raid Facebook for top talent. (also)