VC Confidence Climbing in Silicon Valley

SUBHEAD

For the first time in over a year, venture capitalists in the Silicon Valley are beginning to show increased confidence.  According to the Silicon Valley Venture Capitalist Confidence Index for 1Q 2009, confidence registered 3.03 on a five-point scale, up from 2.77 in the previous quarter and ending a five-quarter low streak in VC confidence in the region.  

The index is authored by Mark Cannice, associate professor of business and management at the University of San Francisco, and is based on a survey of 30 Silicon Valley venture capitalists.  Cannice noted that a number of VCs see the economic downturn as a good time to invest in new ventures.

“We view this as a very promising time to start a new company,” says Jeb Miller of Jafco America Ventures, Inc.  “Big companies have cut back on product roadmaps and compensation and there is plenty of capital and strong talent available for new ventures.”  

Read the full story in the Silicon Valley/San Jose Business Journal

http://sanjose.bizjournals.com/sanjose/stories/2009/04/06/daily47.html?ana=e_bjt