San Francisco -- Area venture capitalists are feeling more confident About their future prospects, according to the newly released third-quarter Silicon Valley Venture Capitalist Confidence Index. The index, based on a September survey of 37 Bay Area venture capitalists, registered 3.7 on a five-point scale -- up from 3.28 last quarter. Study author Mark Cannice, a professor of entrepreneurship and innovation at the University of San Francisco, said the figures were buoyed by increased exit opportunities, particularly mergers and acquisitions, along with emerging market and monetization opportunities. A concurrent survey of venture capitalists in China found confidence declining somewhat, though still at a historically high level (4.03 on a five-point scale).
http://www.usfca.edu/bps/
http://www.businesswire.com/news/home/20101027007374/en/Venture-Capitalists%E2%80%99-Confidence-Springs-Silicon-Valley-Edges