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VC sector optimistic for 2011, especially in IT
Venture capitalists expect greater investment next year, while CEOs of VC-backed firms are looking at more work and more hiring, according to a report (PDF) released today by the National Venture Capital Association (NVCA) and Dow Jones VentureSource.
Among the venture capitalists polled for the "2011 Venture View" survey, just over half (51 percent) are looking for investment to pick up next year. Only 24 percent expect it to stay level, while the same percentage believe it will decline. CEOs running venture-backed companies were also optimistic, with 58 percent eyeing an increase in venture investing next year and … Read more
