No venture-backed IPOs in last quarter. First time that’s occurred since ’78

The market for initial public offerings in the U.S. hit a 30-year low last quarter, making it harder for startups to find exits and for venture capitalists to return money to investors, according to a new report.

For the first time since 1978, there were no venture-backed IPOs at all in that time period, and the pace has barely picked up since.

By DEBORAH GAGE
SAN FRANCISCO CHRONICLE

Full Story: http://seattlepi.nwsource.com/business/381246_venturecapital01.html