I found the irony highly amusing, particularly since he had no idea of the circumstances. And I really feel for the people who blindly go into this stuff. Now that it's summer, the recent IPOs have been getting hit hard. Everyone is selling their shares, employees are leaving once their options become strikable, no one wants to hold these vapor companies any more. The junk sinks to the bottom and only the consistent, adaptable stuff stays afloat.
Employees come and go because there's always an opportunity somewhere else.
Management sells its IPO shares or whores itself out to an investment firm to underwrite them. Business turns out not to be as successful as hoped. Wall Street decides the company's concept isn't that unique or profitable any more. The workers lose the feeling of novelty and working for a startup that they begin to get bored or unhappy. The company fails and the people involved are left to come up with some better idea or find some other slightly more successful company that would like their experience.