Link: http://www.bloomberg.com/news/articles/2015-11-13/fitbit-loandepot-hiccups-don-t-bode-well-for-ipos-like-square-s

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Bloomberg BusinessWeek recycled a comment I made in a broader story on the state of the IPO market. The IPO market is hot until it cools off, and is cold until it heats up. The timing of the cycle is an element of exit risk faced by VCs and other early-stage investors.

http://www.bloomberg.com/news/articles/2015-11-13/fitbit-loandepot-hiccups-don-t-bode-well-for-ipos-like-square-s

Erik Gordon
Ross School of Business
University of Michigan