An article appeared in the WSJ Blogs about US VCs trying to save IPOs. One of the supposed ways that they are doing this is by convincing CEOs to want to go public. What do people think? Is this a good idea? Does anyone desire to go public?
When the National Venture Capital Association unveiled its “four-pillar plan” in late April to restore the venture-backed IPO market, it declared that its series of recommendations could only be achieved “if both the private sector and the government address the breakdowns that have occurred within their respective systems.”
Strong words, but what action has been taken in the more than 45 days since this plan was announced?
To find out, we caught up with Dixon Doll, the veteran venture capitalist who as outgoing NVCA chairman helped spearhead the creation of the plan, which challenged both the venture capital market to change its behavior and the government to revise some of its regulatory and tax-related policies.