The Burrill Report

The Burrill Report (October 21, 2013): What the Surging IPO Market Means for Venture Investment (.MP3,18.73 Mb)

The improved IPO market is allowing venture investors to realize gains after a long period in which exits were often difficult to make. The National Venture Capital Association reports that 16 venture backed life sciences companies completed IPOs in the third quarter of 2013, raising $1.6 billion. That compares to just three companies that raised $250.1 million during the same period a year ago. We spoke to Carl Goldfischer, investment partner and managing director of Bay City Capital about how the IPO market is changing the climate for venture investing, what effect it is having on the willingness of limited partners to increase their allocations to venture capital, and whether the move away from early-stage investing is a cyclical or structural change.

October 17, 2013
http://www.burrillreport.com/article-what_the_surging_ipo_market_means_for_venture_investment_.html