Today Facebook’s price declined further, closed at $25.87 per share, down 3.83%. The performance since its IPO has been very poor. What can it mean for startups, especially tech startups?

The ripple of this hyped IPO has been felt. PC hardware components maker Corsair Components postponed its $78 million IPO as reported several days ago, as did Tria Beauty. And market observers say these two delays might be just the beginning. Facebook IPO has hurt the investing climate.

The market was already on the downtrend before Facebook IPO. Only 17 U.S. IPOs have priced so far in the second quarter, compared with 27 during the same period last year, according to IPO research firm Renaissance Securities.

Now early-stage investors cannot expect public markets to provide an easy cash-out for them, since so many recent IPOs had ugly outcome: Groupon down 63% since IPO, Zynga down 40%, Facebook down 30%, Yelp down 39%.After so many terrible examples, market participants will be even more cautious of their cash.

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