I can't judge the impact of SarbOx.
My guess is that the IPO market remains open for a solid company -- good market position, plenty of revenue and earnings, good record of earnings. But there have not been very many such companies built, even private where SarbOx doesn't apply.
My take is that we need to do better at building solid companies. I'm trying. I know some people I'd like to have on my Board, but I don't see any in a venture firm. Sorry 'bout that.
This should be "the best of times" due to a 1 TB Seagate drive for $60, an Asus mobo with a dual core AMD for $100, plenty of GbE, fantastic 'framework' software -- I'm using .NET and find Visual Basic .NET to be fine. I use the compiler just via command line and think it's fine.
The US just needs to do MUCH better at building significant new companies. I've heard that SarbOx costs about $1 million a year for a company to follow it. For a significant company, okay.
Just how VCs are going to get an exit with Facebook and Twitter I don't know.
There is a Great Recession out there, but I sense that there is also a LOT of cash 'on the sidelines'.