Silicon Valley Venture Capitalists Confident Despite Mortgage Troubles

Confidence levels for Silicon Valley Venture Capitalists remained nearly unchanged in the third quarter of 2007 despite ongoing problems in the mortage and credit markets, according to a report released Tuesday by the University of San Francisco School of Business and Management .

The Silicon Valley Venture Capitalist Confidence Index, based on an October survey of 25 San Francisco Bay Area venture capitalists, registered 4.14 out of a possible 5 points. The results show continuing positive sentiments, according to the report’s author, Professor Mark Cannice.

“The VC Index remained strong despite and, in part, because of the sub-prime credit market fallout,” Cannice said. “This is because large private equity firms rely much more on liquid credit markets than local VC firms do.”

Cannice also released a report in Chinese venture capital, along with co-author Ling Ding, which showed an increased rating of 3.94 out of 5 in the third quarter. While venture capital investment in China reached a new record in the third quarter, concerns remained about excessive valuations and regulatory uncertainty, the report indicated.

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