U.S. VCs Predict That 2009 Will Kind of Suck
The National Venture Capital Association this morning released its third-annual “Predictions Survey,” and the VCs polled aren’t anticipating their best year ever.
Among the survey’s findings:
* 92 percent of VCs predict a slowdown of investments.
* 61 percent think the decline will be more than 10 percent, and that capital committed will fall below $27 billion in 2009.
* 53 percent say they’ll invest in the same or more companies next year, though they’ll invest less money across the board.
* 48 percent of VCs polled said they thought the clean tech sector would see the most growth in 2009.
* 79 percent of VCs said investment in the semiconductor industry will be way down next year.
* 71 percent of respondents said there’d be a slowdown in media-related investments.
For more results, click here.
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Tom said on December 17, 2008
Surely you can come up with some journalist prose other than “kind of suck”?
Maybe, “U.S. VCs Predict That 2009 Will Be An Obamanation, erh, Abomination”?