IPO's are down all across the market, and I don't think it's just because the market is tough. With all of the regulations (Sarbanes Oxley, etc.) and liability

IPO's are down all across the market, and I don't think it's just because the market is tough. With all of the regulations (Sarbanes Oxley, etc.) and liability (SEC Investigations) associated with being a public company, there are significant downsides to anyone hoping to run a streamlined, efficient business model - it is especially tough for fast moving technology companies. We sold a prior company of ours to a public entity and stayed on board for a few years, and the red tape / liability overhead and constant short-term goal focus it forced us into was enough to get us to move on to other projects. Being a public company sucks. I think that's one big driver behind all of these private equity firms with multiple billions of dollars to spend. I hope the trend continues.