VC confidence level takes third-quarter hit
Venture capitalists' confidence level took another hit in the third quarter, marking the sixth-consecutive quarterly decline for the Silicon Valley Venture Capitalist Confidence Index, which was released Wednesday.
The index fell to 2.89 points, nearing the midway point of a 5-point scale, with 5 ranking the highest confidence level.
According to Mark Cannice, associate professor of entrepreneurship and the founder of the University of San Francisco's Entrepreneurship program and author of the index, the faltering confidence level stems from several factors:
The unprecedented deterioration of macro economic conditions and the resulting impact on the venture capital business model … Read more