Victor Boyajian, the partner who heads up the venture capital group of New York law firm Sonnenschein Nath & Rosenthal LLP, outlines what it will take for the IPO market to open up for VC-backed companies in this episode of our series on initial public offerings, shot on location at the New York Stock Exchange. Only 10 venture-backed companies have braved a public debut this year. Boyajian says companies must weigh coming out against shortening their runway in an era of less available capital from venture capital and private equity sources. - Mary Kathleen Flynn