The Outlook for Venture CapitalBy
The predictions for venture capital investment in 2009 aren’t good. In a survey released today by the National Venture Capital Association, 92% of the 400-plus VCs who responded expected investment to slow substantially next year. And 81% believed the overall economy would remain the same or worsen. But in a lunch meeting today at our offices in New York, VCs Kate Mitchell, managing director of Scale Venture Partners; Adele Oliva, partner at Quaker BioVentures; Ira Ehrenpreis, partner at Technology Partners; and Emily Mendell, the NVCA’s vice-president of strategic affairs, were optimistic about investment prospects for 2010.