VCs Feel Better This Year
Venture capitalists are bullish on their industry, according to results of a survey by Framingham-based executive search firm Polachi Inc.
A reported 77 percent of venture capitalists surveyed by the company said they are more confident about the industry today than they were a year ago. Another 93 percent of the respondents said their portfolio companies have plans to hire employees this year.
Just over half of respondents said they are optimistic about exit markets, such as buyouts or initial public offerings.
In terms of where VC activity is hottest, 49 percent said it is on the West Coast while 38 percent said the East Coast.
Consumer Internet services represents the hottest industry, the survey found. Internet marketing and enterprise software and infrastructure were also identified as strong sectors. The cleantech and energy industries got a surprisingly low ranking, according to Polachi.
WBJ Web Partners
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