Worst IPO market in 30 years

A couple of stories in the NY Times review the Venture Capital climate in 2008, and make some predictions for 2009. The stats from last year were pretty grim:

Only six venture-backed companies went public last year, the fewest since 1977 and down from 86 in 2007, according to data released Monday by the National Venture Capital Association and Thomson Reuters. Venture capitalists sold 260 companies, down from 360 in 2007.

In the fourth quarter, there were no initial public offerings and only 37 acquisitions, compared with 31 public offerings and 88 sales in the fourth quarter of 2007.