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Venture Capitalist Confidence Falls, Says Report

A report today, measuring the confidence level of venture capitalists in Silicon Valley, said that its measure of confidence of VC investors dropped in the quarter. According to the Silicon Valley Venture Capitalist Confidence Index, tallied by Mark V. Cannice, professor of entrepreneurship and innovation at the University of San Francisco (USF) School of Management, the survey found that venture capitalists were worried about "macro economic trends, seemingly inflated valuations, uneven capital availability, and regulatory constraints in the life science arena." The report surveyed 35 Bay Area venture capitalists. The report does not cover Southern California venture investors. The index read 3.66 on a 5 point scale, down from 3.91 from the prevous quarter. A five is an indication of "high confidence", a 1 is "low confidence".