Slump in confidence levels hits VCs, says Grant Thornton

The confidence levels of mid-market venture capitalists have dipped significantly during the second quarter of 2005, according to a survey of mid-market VCs conducted by Grant Thornton Corporate Finance. In the first quarter of 2005, nearly the totality of VCs predicted that deal values and volumes would either remain stable or increase over the next twelve months, whereas during the second quarter, 65% and 70% respectively anticipated such activity.