Survey: VCs more confident investing domestically, in IT sectors

July 16, 2012

If every cloud has a silver lining, the silver lining for global venture capitalists during the current economic gloom appears to be cloud computing, according to results of a confidence survey from Deloitte and the National Venture Capital Association released Monday.

The first Global Venture Capital Confidence Survey measured the input of more than 440 venture capital, private equity and growth equity investors from around the world, revealing that global VCs have higher confidence investing domestically versus abroad and in information technology sectors like cloud computing and social media.

Venture capitalists favored Brazil, China and the United States for investing, showing the least confidence in France, Japan and South Africa. Cloud computing, software and new media/social networking held the most confidence by industry, with the lowest confidence in semiconductors, telecommunications and clean technologies.

Respondents from Brazil, Canada, Israel and the Netherlands expressed the most confidence in their country’s ability to enact investment-friendly policies, while VCs from India, Australia, Japan and Taiwan had the least confidence.

A spokeswoman from the National Venture Capital Association said Deloitte and the NVCA hope to repeat the survey going forward to create a historical database of global venture capitalist confidence.

(Photo: Reuters/Fabrizio Bensch)

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