just another sign of how truly f'd up things are in the credit markets right now:
http://in.reuters.com/article/innovationNews/idINN3042490020080701SAN FRANCISCO (Reuters) - U.S. venture capitalists blame hibernating credit markets and skittish investors with no appetite for new stocks for a venture-backed IPO drought unlike any seen in the past three decades, according to a new survey.
Not one venture-capital-backed U.S. company made an initial public offering in the second quarter, the National Venture Capital Association found. The last time a quarter went by without a public debut by a VC-backed company was in 1978.
The NVCA, which represents nearly 500 U.S. venture capitalists, has called the current situation a "capital markets crisis" for the start-up community.There were only five VC-backed IPOs in the first quarter. Last year, there were 86 such IPOs between January and June.
