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Things were finally looking good for tech start-ups this summer. The US economy was proving resilient, the Nasdaq had dusted itself off from a yearlong plunge to jump about 30% for the year, and the forecast was for a strong IPO market this fall, with the expected debuts of Instacart and Arm.

Yeah, about that. The Financial Times reported over the weekend that the turbulent mix of a slumping stock market, interest rates that will remain high until further notice, and less-than-stellar performances by both Instacart and Arm have many venture capitalists telling their portfolio companies that this autumn is not the time for a blockbuster IPO. "In our portfolio we would advise: unless you really need to, hold back," Mike Volpi, a general partner at VC firm Index Ventures, told the FT.

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Source Fool.com