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Dixon Doll Sees Increased Appetite for Venture-Backed IPOs This Year

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Dixon Doll, co-founder of venture capital firm DCM, predicts at least a 10 percent increase in venture capital-backed IPOs this year, according to Bloomberg.

I hope I'm wrong and I hope it gets into triple digits," Doll told Bloomberg in a TV interview yesterday, but added that "I absolutely believe the improvement will continue."

Doll said he expects nearly one-third of VC-backed IPOs this year to come from China-based companies.

Overall, there was a modest uptick in venture-backed IPOs last year, but after a disastrous two-year stretch in 2008 and 2009 there was really nowhere to go but up. Only 18 venture-backed IPOs occurred in those two years combined, according to Bloomberg, the worst two-year run since the mid-seventies.

DCM, based in Menlo Park, CA, has invested in more than 120 companies since 1996, and manages $2 billion. Among the companies DCM has invested in are, Foundry Networks (FDRY), BitAuto (BIT), Clearwire (CLWR) and Signatel (SGTL).
POSITION:  No positions in stocks mentioned.