More IPO News, Files S-1

Posted on August 4, 2009. Filed under: Uncategorized |

For those of you that get the subscription VentureWire emails, you may have noticed the subtitle  today “Recent buyout-backed IPO activity is a positive sign, but don’t expect any VC-funded IPOs anytime soon.” It also included the equally pessimistic, “…but doesn’t expect any venture-backed companies to price before Thanksgiving.”

For the life of me, I cannot figure out why the press is so feverishly pessimistic about the IPO market. In 2009, no major company IPO filings have been pulled.  Moreover, all five companies that have gone have done extremely well.  Meanwhile, while VentureWire is laying it thick on the negative side, files its S-1.

Hats off to management team and the investors in Ancestry.  Many had written off this company, and its look like they have done a great job of reinvigorating growth and generating profitability.

I wonder how many successful IPO’s we need before people will stop saying the window is closed.  Looks perfectly open to me.

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2 Responses to “More IPO News, Files S-1”

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Paul Allen (no, the other one) is a very sharp guy.

The window is open for companies with significant revenue, steady growth, and acceptable profitability. The people who say that the window is closed tend to be obsessed with companies that fall short on these characteristics.

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    …focusing on the evolution and economics of high technology business and strategy. By day, I am a venture capitalist at Benchmark Capital.


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