Silicon Valley venture capitalists’ confidence declined for the first time in two years, amid sky-high valuations for startups and a spate of delayed initial public offerings, according to a new survey.
Venture capitalists’ confidence fell to 3.89 on a 5-point scale in the third quarter, down from 4.02 in the prior quarter, according to the Silicon Valley Venture Capitalist Confidence Index, which is compiled by the University of San Francisco. It was the first drop since early 2012, said Professor Mark Cannice, who manages the index.
