Thursday, November 3, 2011
Silicon Valley Venture Capitalist Confidence Declines
A new report today monitoring the outlook of Silicon Valley venture capital investors, said that its latest survey finds VCs less confident about the future. The Silicon Valley Venture Capitalist Confidence Index is authored by University of San Francisco (USF) School of Management professor Mark Cannice. The report cited troublesome macro conditions, an uncertain exit environment, high valuations, and regulatory burdens as impacting confidence of VCs in the third quarter. The report also pointed to disconnect between private and public valuations. The drop in confidence was the second consecutive quarterly decline in the report. The report only polls Silicon Valley venture capitalists, and does not include any Southern California investors.