Joe Schoendorf of Accel tells the NYT (bolding mine):
"...One Silicon Valley venture capitalist, Joe Schoendorf, also plans to bid for shares, even though he said he believed that the bear market for technology stocks was nowhere near ending.
"The whole system of how we finance technology companies in this country is broken," he said. "A Dutch auction may not be the right answer, but its better than anything else that has come along."