Every since the "dot-bomb," technology startups have struggled to attract enough interest and financing to go public.
OpenTable wasn't actually profitable in 2008, losing $1.02 million on $55.8 million in revenue.
It plans to use the expected $42 million in cash raised from the sale of shares on the open market to fund operations and possible acquisitions.
It's good news for the venture capital firms that feed startups, which can't cash out until companies they back are either sold or go public.
Jackson West doesn't see the attraction to a business serving high-end dining in this economy, especially one that isn't profitable, but wishes them luck all the same.