Venture capitalist confidence is falling

By Mass High Tech staff

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VC confidence is both shaken and stirred
When asked if they are more confident in the state of the VC industry than they were six months ago, most of 137 VCs said no

More confident than six months ago?

40.1% - Yes
59.9% - No

Is the VC industry broken?

47.1% - No
52.9% - Yes

Exits locked
VCs say their greatest concerns are the lack of exits and keeping syndicates together

What are you most worried about
1) Exit markets — When will they return    53.6%
2) Syndicate Risk — Tough to predict ability of syndicates to hold together    20.1%
3) Portfolio — It is all about survivability    18.1%
4) New Deals — No one seems in a hurry to do anything    15.8%

So, where is the hottest growth in the VC industry?
Cleantech/Energy    62.8%
Consumer Internet/Web 2.0    44.2%
Internet Marketing    40.3% Med Tech    22.5%
Infrastructure    17.8%
Biotech    16.3%
Enterprise Software    10.9%

Base: 129 (multiple answers)

Source: Polachi Inc., Framingham.

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