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September 28, 2009

Optimism among angel investors and venture capitalists

Last week, I surveyed the startup scene in the Mid-Atlantic region, writing a story that showed how brutal it's been in the past year for entrepreneurs.

More recently, I got a heads up from the National Association of Seed Venture Funds that they conducted a survey at their annual conference in mid-September in Oklahoma City. There were signs of optimism.

* 54 percent of attendees indicated the companies they support are hiring again
* 73 percent felt the economy was improving
* 73 percent don't believe proposed health care legislation will slow entrepreneurs from starting businesses
* 87 percent believed more tax incentives to invest in early-stage companies will spur growth.

The three industries expected to attract the most growth: biotechnology, clean technology and health care. The industries that will have a tough time raising capital? Electronics, financial services, and manufacturing.

Posted by Gus Sentementes at 7:00 AM | | Comments (0)
Categories: Venture Cap, Venture Cap
        

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About Gus G. Sentementes
Gus G. Sentementes (@gussent on Twitter) has been writing for The Baltimore Sun since 2000. He's covered real estate, business, prisons, and suburban and Baltimore City crime and cops. He was one of the first reporters at The Sun to use multimedia tools and Web applications -- a video camera, an iPhone -- to cover breaking news. He hopes to cover Maryland geeks and the gadgets and Web sites they build, and learn -- and share -- something new every day.

Gus has a wife, a young daughter and two feuding cats. They live in Northeast Baltimore.
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