Venture investors in Silicon Valley and on the East Coast say their outlook is suddenly less gloomy and their forecasts more bullish for a rebound in returns for this still recuperating industry. Though improving, five-year returns remained at negative 3.5 percent in the second quarter, and three-year returns, after slipping slightly, held at 9 percent, well behind the 20-year mark of 16.5 percent, according to a National Venture Capital Association study.A recent string of successful high-tech public offerings is lifting spirits in the nation's venture-capital community and giving hope to managers of troubled bubble-era funds.
Venture investors in Silicon Valley and on the East Coast say their outlook is suddenly less gloomy and their forecasts more bullish for a rebound in returns for this still recuperating industry. Though improving, five-year returns remained at negative 3.5 percent in the second quarter, and three-year returns, after slipping slightly, held at 9 percent, well behind the 20-year mark of 16.5 percent, according to a National Venture Capital Association study."
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