Washington
Post: According to a
recent
report of the Silicon Valley Venture Capitalist Confidence
Index, venture capitalists' confidence is way up. The first
quarter of 2012 registered a confidence level of 3.79 on a
5-point scale. For the last three quarters of 2011, the
confidence level had been steadily dropping. The rise has been
attributed to strong performance in the initial public offering
market for such companies as Facebook and game developer Zynga.
In addition, developments in cloud computing, mobile and social
media, and security technology are contributing to the boost in
confidence. In the report, Bob Ackerman of Allegis Capital is
quoted as saying, "In the future, we will look back on this
period of time as one of the Golden Ages of Innovation."
