How bad is the tech-bubble-inflated cost of living in Silicon Valley? Bad enough that even the VCs are getting nervous.
In the latest edition of the Silicon Valley Venture Capitalist Confidence Index, a quarterly survey of Bay Area VCs conducted for more than 10 years running and authored by University of San Francisco School of Management Professor Mark Cannice, VCs have expressed declining confidence about the area’s “high-growth venture entrepreneurial environment” for the fourth straight quarter.
Costs up, confidence down
The current score, 3.73 on a scale of 1 to 5, is down from the previous quarter’s score of 3.81, and further down from its record high of 4.5 in Q1 2007.