A recent survey of venture capital fund leaders in the country revealed that the majority of firms plan to increase funding in the next year. The Wall Street Journal reports that a survey, conducted by the National Venture Capital Association and Dow Jones, found 64 percent of the 182 CEOs polled said that they would raise “additional funding” in 2011.
But many are still hesitant to help fund the Series A round, an early stage of fundraising for start-ups. Sixty-eight percent said that it would be difficult to raise Series A funds, while 65 percent said it would be difficult to raise money for Series B.
“At this time last year, the venture capital industry was optimistic, but cautiously so,” said Mark Heesen, president of the NVCA. “The market was so troubled in 2009, the sentiment was that things had to get better in 2010. It turns out our predictions were correct and in the past year we have moved beyond the financial crisis and returned to doing what we do best — building great companies.”
The NVCA made other headlines when it applauded the work of U.S. Senate in passing new legislation. The group endorsed the Senate’s passage of American COMPETES Reauthorization Act of 201, which it said would help the U.S. stay competitive in a global market.
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