Venture-Backed IPO Market Still Mostly Dead

The total collapse of the venture-backed IPO market continues:

Venture-backed company exits continued to lag in the third quarter of 2008, according to the Exit Poll report by Thomson Reuters and the National Venture Capital Association (NVCA). There was just one venture-backed IPO in the quarter, and the tally of M&A exits as of the last day of the quarter came to a modest 58 transactions for the period. In the first three quarters of 2008, there have been just 6 IPOs of venture-backed companies, representing the lowest volume for the first three quarters of the year since 1977.

[via NVCA]