Optimism in short supply at VC funds
While the venture community has been cheered by President Barack Obama’s $825 billion green-themed stimulus package, overall the mood, amongst venture capitalists is gloomy.
Case in point is the latest Silicon Valley Venture Capital Confidence Index, which hit an all time low of 2.77 in the fourth quarter. The index measures confidence on a scale of 1 to 5 with 1 being the lowest. The previous quarter hit a reading of 2.89.
To compile the results the index asked 33 San Francisco Bay area VCs about their outlook on the entrepreneurial environment in the San Francisco Bay Area over the next six- 18 months.
