Tuesday, January 26, 2010

WTIA: Venture Capitalists Show Optimism On Revenues, Hiring

The Washington Technology Industry Association (WTIA) has released its latest venture capital survey for first quarter 2010, showing that local venture capitalists are expecting to see moderately higher deal flow this quarter, with a significant amount believing their portfolio companies will see moderately better revenue growth this year. The survey found that sixty percent of local VC firms are expecting to see moderately higher deal flow this quarter, with another 10% expecting "substantially higher" deal flow. In addition, the survey found that ninety one percent of the respondents said that revenue would grow at their portfolio firms, and that twenty seven percent expected their portfolio companies would be increasing their workforce by more than 10%. The WTIA said that the top challenges facing portfolio companies, as indicated by the survey, were national business conditions and overall market growth.