Start-up investors showed a jolt of optimism in the third quarter, thanks to some initial public offerings, after a first half with none.
Confidence among venture investors jumped 8 percent in the period, the biggest increase since the first quarter of 2012, according to the Silicon Valley Venture Capitalist Confidence Index. Based on a 5-point scale, confidence rose to 3.88, from 3.6 in the second quarter, the report said.
The survey of 32 venture capitalists by Mark Cannice, a professor at the University of San Francisco School of Management, showed that while exit activity is still historically slow, there are reasons to be excited heading into the new year.
"The VC-backed tech IPO market is showing signs of life this fall, with a number of IPOs recently completed and on the docket," Sandy Miller, a partner at Institutional Venture Partners, said in the report. "Assuming the IPOs perform well, I think we will see a robust IPO calendar post-election and throughout 2017."