Overall confidence declined among the responding Silicon Valley venture capitalists in the first quarter of 2015.
Despite rising concerns over valuations, continuing investment opportunities in potentially disruptive companies coupled with capital a-plenty from traditional and nontraditional sources provided a base of continued confidence in the near term entrepreneurial environment for most of the responding venture capitalists. Still, VC confidence did edge lower in Q1 (although it was still above the 11 year average of 3.72). In the following, I provide many of the comments of the participating venture capitalist respondents along with my analysis. Additionally, all of the Index respondents’ names and firms are listed in Table 1, save those who provided their comments confidentially.