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77 percent of VC Executives are optimistic

By SiliconIndia | Wednesday, 15 June 2011, 05:20 Hrs

Bangalore: The third annual VC survey conducted by Polachi, which polled venture capital executives throughout U.S.A, reveals that 77 percent of venture capital executives- more than 80 percent of which are Partners or Managing Partners- are more optimistic about the industry today compared to a year ago despite of the recent economy slow down.

Polachi is a provider of Access Executive Search services to techbolgoy, clean technology, private equity and venture capital companies. A sponsor of the New England Clean Energy Council (NECEC) as well as a founding member of Access Search Partners (ASP), a partnership of five leading technology search firms that provides clients with specialist search services on a global scale. 93 percent of the VC executives plan to hire at their portfolio companies in 2011 and 54 percent said that they are positive about the exit market. The survey shows a potential of small businesses and early stage companies potential to create job and economic growth.

The VC Executives on the West Coast/Silicon Valley were found to be slightly more bullish when it comes to the geographical region representing the area of hottest investment opportunities as 49 percent indicated the West Coast and 38 percent indicated the East Coast. The Consumer Internet/Web 2.0 received the highest response (74 percent) for the hottest growth areas in the VC industry followed by Internet Marketing (39 percent) and Enterprise software and Infrastructure (14 percent). Only 12 percent voted for Cleantech/Energy as a hot growth area.

Charley Polachi, Partner at Polalchi, said that the survey reveals a lot of optimism in the marketplace for deal flow and hiring at portfolio companies.

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