A new study released last night finds that Silicon Valley venture capitalists have gained significant confidence from last quarter. The Silicon Valley Venture Capitalist Confidence Index, compiled by Professor Mark Cannice at UC San Francisco, found that venture investors had an "increasing upward momentum" in terms of their outlook for the next 6-18 months. The report said confidence ranked at 3.91 out of a 5 point scale, up from 3.75 in last quarter. The survey included only San Francisco Bay Area venture capitalists, and did not take into effect investors here in Southern California. The index has been rising more or less steadily since a low in Q4 of 2008. The study speculated that the reason for the increased confidence from VCs included improving financial markets for IPOs and strategic exits; improvement in the broader economy; and optimism in such area as cloud, social, and mobile companies.
Top NewsThursday, April 28, 2011
Venture Investors Gain Confidence