Venture capitalists are predicting a difficult 2009, with a slowdown in new investments across all industry sectors and increasing attention paid to supporting existing companies. One of the few bright spots in 2009 includes clean technology, with 48% of respondents predicting increased investment in the sector and 20% thinking investment will stay at the current pace.
Their views were published in third annual National Venture Capital Association (NVCA) Predictions Survey, conducted between November 24 – December 12, 2008. It included predictions from more than 400 venture capitalists across the United States.
Aside from clean tech, roughly a quarter of venture capitalists say that the life sciences sector offers the second highest chance for investment stability and growth. 25% felt biotechnology investment will increase. The medical devices sector may see modest growth as well. On the other hand, two-thirds of respondents expect a continued slowdown in the semi-conductor, media/entertainment and wireless industries.
The implications for venture capital job opportunities in 2009 are clear, especially with the potential for additional growth in clean tech and energy infrastructure created by President-elect Obama’s economic stimulus package.
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