At least credit card debt has fallen across the board.
"The survey also confirmed that Americans are shifting the kinds of debts that they carry. The share of families with credit card debt declined by 6.7 percentage points to 39.4 percent, and the median balance of that debt fell 16.1 percent to $2,600."
Hi Ned - would you all consider offering a free scholarship for the Fall course as well? I think for those who are already employed, the July 23rd start date is a very quick turnaround to quit or take a leave of absence. It would be much better to have more time to prepare.
The surprise part was the promise of an additional $20-$150k in convertible notes. That's going to be huge for startups just starting out after the program.
I grew up in Durham, NC so it's great to see startups like Adzerk doing well. It's clear that the startup scene in the Triangle (with all the tech talent, access to universities, etc.) is blowing up. Keep it up!
Yes, it will likely stabilize in the mid-eighties over the next few weeks. However Blodget's main argument here is that the underwriters left a lot of money on the table. Assuming a more proper price for the stock of around $60 (instead of the $45) means that LinkedIn left about $130 million on the table.