VCs pessimistic about economy, believe Hillary Clinton will be president
Venture capitalists believe investment levels will continue to rise, and that initial public offerings will be robust for good companies.
On the other hand, they show skepticism about the U.S. economy, with a large majority saying the economy will deteriorate next year. Those are the results of the latest survey (download powerpoint here) by the venture capital lobby group, the National Venture Capital Association, based on responses from 170 venture capitalists.
Some predictions aren’t surprising. VCs forecast an active year for investing in companies that help the environment, though they see the sector as “overvalued,” meaning investors will be forced to pay too much for their ownership stake in such companies.
The venture capital industry shakeout will continue, however, resulting in more venture firms will closing down.
Most notably, a majority of VCs believed Hillary Clinton will be our next president — by a very wide margin.
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About the Author, Matt Marshall
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