This morning I caught a little story on NPR by John McChesney about venture captial.  Seems that Mark Cannice runs a quarterly confidence survey of SV VCs.  His most recent survey showed confidence plunging to a four year low.

What does that mean?  VCs hunkering down and making sure they have the dry powder to do follow on investments that may not exit quite as quick as they hoped.  Whether that happens or not remains to be seen, I am still seeing healthy investment.  But the piece is worth a listen.