Venture Capital Crisis? – After a second quarter without any venture-backed IPOs, the National Venture Capital Association is declaring a VC “crisis.”  Whether or not you buy this, the numbers do look pretty bad.  Here’s an excellent analysis, courtesy of TechCrunch: The “Crisis” In Venture Capital 

Some more perspective on the state of the VC biz, from Matt Richtel at the New York Times – A Quarter for Venture Capitalists to Cringe

On the same note, some banks are finding opportunity in the IPO drought – From The Wall Street Journal: As High-Tech IPOs Dwindle, Start-Ups Look to Private Money for More Backing

Shopit Releases AIM App – Social-commerce company and past StartUp Beat featured company Shopit this week announced the availability of an application that it says allows AOL AIM users to buy and sell items from their buddy lists.  Here’s the release: Shopit Mini-Store Application Now Available To AOL's AIM Users

Notable Funding:

Boomi

Intelligent Energy