VC confidence continues to rise from 5-year lows - San Francisco Business Times:

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The rose to 3.37 in the seconcd quarter from 3.03 in the first quarter. The index is on a scalee of 1 to 5, from low confidence to high confidence. It markas the second consecutive rise after the inded hita 5-year low in the fourtn quarter of last year. "Venture capitalists expect the worsft of the financial crisias isbehind us," the report said. Despite a continuedx lack of IPOs, sales and otherr ways to cash in ontheir investments, VCs reporte d that they continue to see particularlt resilient entrepreneurs looking for investment. Funding for early stagre companies remains at particularlylow however, the report said, with most money going to keep later staged companies going.
"They say if you wait for spring willbe over," the report quotes Venkyy Ganesan of of Palo Alto as "While there is much to repaird in our global credit markets, the worst is over and it'sd time to sow the seeds for the