Ventures appeared to have a generally higher level of confidence.
Again, while overall confidence declined in Q1, some commentary gave us reason to expect an eventual uptick. For example, Venky Ganesan of Globespan Capital Partners, whose comments you will see here first, shared with me the following observation:
"To paraphrase Dickens, it's the best of times, it's the worst of times. If you are a passionate, talented individual with a great innovative idea, this is the best time to start a company. It is in recessionary times that the best companies are born, a la Cisco, Oracle, etc. If you were, however, bathing in the sea of credit liquidity, which a lot of our financial institutions were, the tide has gone out and we are going to find out who is swimming naked and who is wearing a swimsuit."
So, what do you predict will happen in Q2? I encourage Industry Standard readers to reflect on the expert insight of the venture capitalists I directly quoted in my Industry Standard essays and quarterly reports, and offer their own analysis below.
Related news, commentary, and predictions:
- Prediction: The USF VC Confidence Index will rise to 3.70 or greater in Q1 2008
- Mark Cannice: Venture Capitalists' Confidence Wanes
- Mark Cannice: The impact of Bear Stearns' collapse on entrepreneurs
- Mark Cannice: China VC confidence index sees mild drop
- Opinion: 10 'Net services that will succeed (and 10 that will probably fail)
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