San Francisco - The Silicon Valley Venture Capitalist Confidence Index for the third quarter of 2008 registered 2.89 on a 5 point scale, falling from the previous quarter's reading of 3.07.

The reading, based on the opinions of 33 Silicon Valley venture capitalists, marks the fourth consecutive new low in the Index.

"The unprecedented deterioration of macro economic conditions and the resulting impact on the venture capital business model drove confidence lower," said Mark Cannice, a professor at the University of San Francisco School of Business and Management, who authored the Index.

Dag Syrrist of Vision Capital noted, "Venture funds are frozen with uncertainty."

Related Links:
http://www.usfca.edu/sobam/nvc/pub/svvcindex.html