John Cook's Venture Blog - IPO window remains closed "Venture capitalists may be partying like it is 1999. But the initial public offering market certainly isn't behaving that way.
A report out today (PDF) from the National Venture Capital Association and Thomson Venture Economics says that only 10 venture-backed companies raised $541 million in the first quarter. That compares to 10 companies that raised $721 million during the first quarter of last year and 13 companies that raised $2.7 billion in the first quarter of 2004."
Read the full article for a timely reality check.