For the first time in thirty years, Wall Street saw a quarter come and go with no companies going public.
The second quarter of 2008 proved to be a disappointing one all around.
Adding on to residual distrust from the dotcom bust, venture capitalists and investment firms are reluctant to debut their startups to the public market during such a weak climate.
Memories of Vonage's embarrassing public offering two years ago don't help the situation; venture capitalists feel going public during the current market's mood would be anticlimactic.
