After gazing into its crystal ball this month, the National Venture Capital Association has come up with a picture of a bullish post-2008, post-election future. In the prediction, the new President Clinton manages a still-reeling economy as the number of VC firms wanes and the size of the funds they control waxes, the San Jose Mercury News reports.
The consensus view is that returns will increase over the next decade, as will the IPO market. Not all VC-seers agree, however; more pessimistic prognosticators see IPOs and returns drying up by at least 50%, and skepticism about global investments is rampant. But "the ultimate winning strategy won't be clear for some time," the NVCA's president says.