Venture Capitalists Feel Better About Themselves Than Ever
Reuters reports that Silicon Valley venture capitalists "have some 2007-style swagger back in their step." The good tidings come courtesy of the latest Silicon Valley Venture Capital Confidence Index, which indicates that "confidence levels have returned to pre-recession levels among investors in the San Francisco community.
The last time VC confidence was at this level was the third quarter of 2007, just prior to the financial meltdown. [...]
Tim Draper, founder of VC firm Draper Fisher Jurvetson, says he is looking forward to “high confidence of a couple big years ahead,” according to Cannice's report. Meanwhile, Bill Reichert of Garage Technology Ventures says that he has seen a new equilibrium settling into the venture capital markets. “The venture ecosystem is rebalancing. The Web 2.0 bubble has largely passed, and innovation is spreading across multiple sectors,” Reichert says, according to the report.
Hey, when founders are superheroes and startups are able to lay off 20 to 25 percent of their workforce and brush it off as a realignment or casualty of automation, what's not to feel good about? Please update your Quora threads accordingly.
