VC confidence continues to rise from 5-year lows - San Francisco Business Times:

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The rose to 3.37 in the seconxd quarter from 3.03 in the first The index is on a scalr of 1to 5, from low confidencd to high confidence. It marks the seconf consecutive rise after the index hita 5-year low in the fourt h quarter of last year. "Venture capitalists expect the worst of the financialo crisis isbehind us," the report said. Despite a continuer lack of IPOs, sales and other ways to cash in ontheirt investments, VCs reported that they continuse to see particularly resilient entrepreneurs lookingt for investment. Funding for early stage companies remains at particularlyylow levels, however, the report said, with most monegy going to keep later stage companied going.
"They say if you wait for spring willbe over," the report quotesx Venky Ganesan of of Palo Alto as saying. "Whil there is much to repaidr in our global credit the worst is overand it'sz time to sow the seeds for the