To hear tell from the National Venture Capital Association, the VC landscape is as burned out and desolate as the ashen vistas of Cormac McCarthy’s “The Road.” According to its latest data, not a single venture-backed company went public in the first quarter of 2009 or the one that preceded it. That’s the first time the association has ever recorded two consecutive quarters with no issues.
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Next month’s Macworld Conference & Expo show floor will be quite a bit easier to navigate than in years past. With registration down by 20 percent over last year, there are likely to be far fewer attendees, and with a growing list of companies pulling out of the show, there’ll be fewer booths for them to crowd. Earlier this week, Adobe said it had decided against exhibiting on the show floor. A coterie of other companies is joining it, top among them, Belkin, which has also pulled out of exhibiting at CES. What’s next–a Super Bowl boycott?
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