Welcome to the Lost Decade (for Entrepreneurs, IPO’s and VC’s)

If you take funding from a venture capital firm or angel investor and want to build a large, enduring company (rather than sell it to the highest bidder), this isn’t the decade to do it. The collapse of the IPO market and dysfunctional math in the venture capital community has stacked the odds against you.
https://steveblank.com/2010/07/15/welcome-to-the-lost-decade-for-entrepreneurs-ipos-and-vcs/