Huffpost Small Business

F.ounders Conference: Can The NASDAQ Woo Back Tech CEOs?

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FOUNDERS CONFERENCE NASDAQ
A panel discussion on the future of advertising at the F.ounders conference in New York June 15, 2012. | F.ounders

NEW YORK -- More than 150 tech CEOs are convening today at the NASDAQ's MarketSite in New York for F.ounders, an annual invite-only conference that brings together heads of firms like FourSquare and Tumblr with prominent technology investors for networking and panel discussions.

The conference, sponsored in part by the NASDAQ, comes on the heels of Facebook's tumultuous stock market debut in mid-May. The NASDAQ beat out the New York Stock Exchange for the long-awaited IPO, but has been widely criticized for its handling of Facebook's offering.

Friday's event will provide the NASDAQ with a much-needed opportunity to align itself with high-profile technology company founders, who are becoming increasingly wary of IPOs and the public markets.

Electronic glitches on NASDAQ's system reportedly affected early trading of Facebook stock, which closed Thursday at $28.29, down 26 percent from its issue price.

The NASDAQ recently tried to save face by offering a $40 million compensation fund to investors burned by the IPO.

At a F.ounders event yesterday, Goldman Sachs' executive Anthony Noto said the Internet IPO window is likely shut until after Labor Day, TechCrunch reported.

The Huffington Post will be reporting from the F.ounders Conference. See live pictures and commentary from the event here: https://new.livestream.com/founders/NewYork2012.