Silicon Valley Venture Capitalist Confidence Index for 2nd Quarter 2004 stays strong, suggesting continued high confidence in near-term Entrepreneurial Environment.

The USF Silicon Valley Venture Capital Confidence Index for the second quarter of 2004, based on a July 2004 survey of 37 San Francisco Bay Area Venture Capitalists, came in at 4.1 on a 5 point scale (with 5 indicating high confidence and 1 indicating low confidence), and suggests a continued strong level of Bay Area venture financings and entrepreneurial activity in the coming months. The 2nd Quarter Index Level is down slightly from the previous quarter level which was 4.3 on a 5 point scale. See the full report, published by the University of San Francisco School of Business Entrepreneurship Program, at 'EntrepreneurshipProgram.org'.

(PRWEB) July 22, 2004 -- The Quarterly University of San Francisco Silicon Valley Venture Capitalist Confidence Index is based on a survey of San Francisco Bay Area/Silicon Valley Venture Capitalists. Founded and authored by Professor Mark Cannice and Professor Roger Chen of the University of San Francisco School of Business and Management, the Index surveys the opinions of professional venture capitalists in their estimation of the high-growth venture entrepreneurial environment in the San Francisco Bay Area over the next 6 -- 18 months.

The USF Silicon Valley Venture Capital Confidence Index for the second quarter of 2004, based on a July 2004 survey of 37 San Francisco Bay Area Venture Capitalists, came in at 4.1 on a 5 point scale (with 5 indicating high confidence and 1 indicating low confidence), and suggests a continued strong level of Bay Area venture financings and entrepreneurial activity in the coming months. The 2nd Quarter Index Level is down slightly from the previous quarter level which was 4.3 on a 5 point scale.

. Mohanjit Jolly, managing director with Garage Technology Ventures, offered several reasons for high confidence, among them that, .. there is still plenty of venture capital around that had not been put to work over the past 2-3 years. Now, the LPs and the GPs are anxious to put that to work.

Primarily positive comments from the venture capitalists surveyed indicate a continued upbeat sentiment for venture capital investment in the coming months and bodes well for a continued growth in entrepreneurial activity and new company formation in the San Francisco Bay Area for the remainder of 2004.

Find the full report at: http://www.usfca.edu/sobam/nvc/cindex_2_2004.htm

Please find more information on the University of San Francisco School of Business and Management Entrepreneurship Program (rated Top Tier by Entrepreneur Magazine -- 2004) and its International Business Plan Competition at http://www.EntrepreneurshipProgram.org

Mark V. Cannice, Ph.D. is an Associate Professor of Entrepreneurship and the Director of the USF School of Business and Management Entrepreneurship Program.

Roger Chen, Ph.D. is an Associate Professor of Management and Co-director of the Entrepreneurship Program Research Initiative at the University of San Francisco School of Business and Management.

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