"linkedin, Twitter, Facebook, all of these companies have raised a lot of capital in the private market, they have very strong business models and and they have boards and management that are, quite frankly, very patient," said RRE Ventures partner Will Porteous when asked if 2010 will deliver the first US initial public offering of a social networking company. All three of the startups Porteous mentioned are likely candidates for an IPO eventually. It's possible a social networking company will go public in the second half of the new year, said Porteous, but, "They're not going to go public just to go public, they're going to do it because they think it's the right thing strategically." The Deal spoke with Porteous on location at the NYSE Euronext as part of our on-going video series about ipos. Watch the video above or download it on itunes.
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