Venture Capital confidence improves

According to a survey for this quarter's Silicon Valley Venture Capitalist Confidence Index, venture capitalists are expecting a gradual resumption of M&A, investment and initial share float activity in the second half.

Those surveyed rated confidence at levels of 1 to 5.
The 5-year-old Silicon Valley index, penned by University of San Francisco Associate Professor Mark Cannice, peaked in the second quarter of 2007 at 4.38, then began dropping slowly before it plunged in 2008. It bottomed out at 2.77 in the last quarter. The index slowly rebounded in 2009, but the latest index number of 3.37 is still lower than anything before 2008.
Read more on Reuters

Now read this post on Economist which says that although confidence index is up in this quarter, VCs are facing difficulties in fund raising and finding good companies to invest in.