USF School of Management
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VCs Voice Concern over Political Uncertainty, Valuations, and Exit Opportunities
(Bloomberg ticker symbol: SVVCCI)
The Silicon Valley Venture Capitalist Confidence Index™ registered 3.52 on a 5-point scale (with 5 indicating high confidence and 1 indicating low confidence) for the second quarter of 2017.
This quarter’s index measurement fell sharply from the previous quarter’s index reading of 3.83. The Q2 rating, based on responses by 32 Silicon Valley venture capitalists, also fell below the 13.5 year average of 3.72.
This 54th consecutive quarterly survey and research report provides unique quantitative and qualitative trend data and analysis on the high-growth entrepreneurial environment in the Bay Area.
This decline in confidence appears to have been driven by continuing uncertainty in the macro environment, high late-stage valuations, and a somewhat less welcoming exit market than had been anticipated, with the last factor likely a function, at least in part, of the first two. ... Whether the decline in confidence is a tell for future capital flows or a reflection of current, but temporal, macro issues is unclear.
USF Professor Mark Cannice
Mark Cannice, department chair and professor of entrepreneurship and innovation with the USF School of Management, authors the research study each quarter, surveying venture capitalists from more than 25 Silicon Valley firms.
For more information about the Silicon Valley Venture Capitalist's Confidence Index report, please contact Jennifer Kriz.
The quarterly Silicon Valley Venture Capitalist Confidence Index® (Bloomberg ticker symbol: SVVCCI) is based on an ongoing survey of San Francisco Bay Area/Silicon Valley venture capitalists. The Index measures and reports the opinions of professional venture capitalists in their estimation of the high growth venture entrepreneurial environment in the San Francisco Bay Area over the next 6 - 18 months.