Man looks at "exploding" stock market board
Man looks at "exploding" stock market board - 
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Jeremy Hobson: Well now to Silicon Valley. With the recent initial public offerings from LinkedIn and Pandora and the coming IPOs from Groupon and Facebook seems like the IPO market is going wild right now. But a survey out this morning finds venture capitalists don't think so at all.

From the Marketplace Entrepreneurship Desk at Oregon Public Broadcasting, Mitchell Hartman has our story.

Broadcasters' voices: Talk about euphoria, did you watch LinkedIn's IPO launch? Any time you see an IPO pop that much...

Mitchell Hartman: You can be forgiven for thinking all this "euphoria" means the whole start-up economy's in good shape.

Mark Heesen: We've gone from a D- to a C+.

That's Mark Heesen of the National Venture Capital Association. Its survey finds 9 out of 10 venture capitalists think the financial markets are still too weak to support a lot of IPOs.

The number of IPOs is up a bit this year. But Heesen says it's still half what's needed. And cautious investors only have eyes for the likes of Facebook and Groupon.

Heesen: By no means to denigrate what's happening in the social media space, but we're seeing life-science companies, medical devices, still having a hard time to go public, our clean-tech companies -- they're job creators, they're innovative, these are companies that could go international.

What has gone international -- companies from China, India and Russia have launched some of the most successful recent IPOs.

I'm Mitchell Hartman for Marketplace.

Follow Mitchell Hartman at @entrepreneurguy