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VCs are frozen with uncertainty

Posted on October 15, 2008

No shock here, but an index that measures the confidence of venture capitalists (aptly named the Silicon Valley Venture Capitalist Confidence Index) reached a new low in the third quarter. The index, maintained by the University of San Francisco and based on a survey of 33 San Francisco and Silicon Valley venture capitalists (why such a small sample?), fell to 2.89 on a scale of 5 from 3.07 in the second quarter. It was the fourth consecutive new low for the index, which was established in 2004 and peaked at 4.38 in the first quarter of 2007. VCs attribute their lack of confidence on the deter...

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