It?s Not A Bursting Bubble. It?s a Correction And It Will Take Awhile.

After disappointing post-IPO performances from Facebook, Groupon and Zynga, there's been a clarion call from top investors like Union Square's Fred Wilson, Y Combinator's Paul Graham and Kleiner Perkins' Mary Meeker for everyone to simmer down with valuations. But from what we can tell, any adjustment is going to take several months. For the very hottest late-stage companies like Fab.com, growth investors don't seem to be taking any heed from public market skepticism yet.?I asked around about impact on different stages of the market and this is what I got:

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