Silicon Valley Venture Capitalist Confidence Index®
Dr. Mark Cannice released his latest Venture Capital Confidence Index on January 30, 2014, analyzing Q4 of 2013 in great detail. Dr. Cannice is a professor and Chair of the Department of Entrepreneurship, Strategy, and International Business at the University of San Francisco's School of Management.
This quarter’s index rose slightly from the previous quarter’s confidence reading. The Q4 confidence reading made for six consecutive quarters of increasing sentiment among the responding venture capitalists to this quarterly survey and research report.
In the new report, Cannice writes, “Momentum appears positive for venture investors and for their innovative portfolio firms.” For example, Sandy Miller of Institutional Venture Partners said, “Good performing tech IPOs brighten the prospects for all young tech companies, and I am optimistic that 2014 will be a strong year. There’s never been a moment in history when there are so many private venture-backed technology companies with real scale and rapid growth.” Tim Draper of DFJ reflected, “Venture Capital and entrepreneurship have gone through a very difficult decade and things are finally looking up. I look forward to see the renewed optimism in our world. One reason is that companies have been working hard for a decade with very little liquidity, and suddenly there is liquidity.”