Venture capitalists are starting to get their confidence back after an exceptionally timid year, the New York Times reports. A key index shows the administration's efforts to stabilize the economy have given investors glimmers of hope. "There is some degree of stability in the financial markets and that allows a little bit of optimism that we will get to the other side of this thing," says the survey's publisher.
"I wouldn’t say we are on a new upward trend yet," he notes, "but I think we’ve at least broken the downward spiral." Respondents to the survey said low company valuations and the wealth of talent working for new companies make now an ideal time to invest—although the economic crisis is making it tough to raise the necessary funds.