Four venture-backed companies have made it out so far this quarter, but if you’re wondering whether an M&A pick-up could be far behind, the answer may depress you. “Four [venture-backed] deals [in Q2] don’t constitute a thawing of the IPO market,” says Paul Deninger, vice chairman of the investment bank Jefferies & Co, who believes we [...]
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Last week, Paul Deninger, the vice chairman of the investment bank Jefferies & Co., flew from Boston to Silicon Valley to present his views to NVCA board members who are trying to understand why, exactly, the tech IPO market is so crummy.
Deninger pointed a scolding finger at them — then gave them an earful.