NEW YORK (CNNMoney) -- While Wall Street freaks out about an IPO it views as a disaster, the view of Facebook's rocky public debut is much sunnier in Silicon Valley.
Some in the tech trenches are shrugging off the problems -- Nasdaq's meltdown, the stock's volatility, the questions about whether Facebook tipped some analysts off about its dimming financial prospects -- as Wall Street business as usual.
"That's the third IPO I watched closely for a startup," said Gordon Gooch, the founder of New York-based 'sell your skills' marketplace Zoondy. "All of them had something weird and shady going on. It doesn't surprise me."
At TechCrunch Disrupt, a three-day New York tech conference that opened Monday morning, much of the cocktail chatter focused on Facebook's IPO. The general mood was upbeat. Tech investors and entrepreneurs are confident that Facebook -- and its stock price -- will be just fine in a few months.
Outbid chief product officer Bob Lee, who purchased Facebook stock, says he's investing and holding.
"I didn't care what price I bought it at," Lee told CNNMoney. "For the long term, it's a good buy. You've got such a high percentage of the worlds' eyeballs on Facebook." >>Read more
Source: CNN Money