When was this article written? I'm a huge fan of Steve Blank, but the attached doesn't seem current. For entrepreneurs, Blank warns, the future is clear: "Sta

When was this article written? I'm a huge fan of Steve Blank, but the attached doesn't seem current. For entrepreneurs, Blank warns, the future is clear: "Startups are going to find it much, much harder to raise money, and the liquidity pipeline will bounce back to the good old days -- when you actually had to make money to have some liquidity event [go public]." I don't see many companies going public nowadays, so it isn't like there's a mad dash of premature IPOs. If anything it's harder than ever to go IPO. Due to Sarbanes-Oxley companies are getting much larger before the exit. Due to activist investors, companies want to have the future 5 or 6 quarters in the bag (in addition to the past 5 or 6) before going public.