I asked a few VCs I know to make a prediction or two for 2010. I did something like this in past years too. Thanks to Tim, Jeff and Matt for spending the time on this.
Happy New Year!
"Global venture capital investing will double from 2009 levels. Optimism, innovation around the world will continue to improve. Frugality lessons will be learned and technology businesses will become more profitable and grow significantly to improve lives. Jobless rates will stabilize as entrepreneurs start hiring again. And finally, 2010 will be he vintage year for at least 30 Fortune 500 companies that last for 60 years or more." - Tim Draper, Draper Fischer Jurvetson
"I think the VC business will continue to shrink, with $15 billion deployed by 500 active firms and heading towards 5,000 professionals.
That said, the equity market rebound will reesult in an IPO rebound. I predict we'll see 30-40 IPOs, up from 10-15 in 2009."- Jeff Bussgang, Flybridge Capital Partners
"I predict 2010 will be the beginning of the next 'bubble.' I won't venture to guess publicly what the bubble will be about, but it will start. It will build upon something that is already underway and has what otherwise looks like a promising future. Hearing of the idea, others will want in and eventually too many will join the party. The opportunity will grow and late comers will think they are getting in early when in fact the space is already well overcrowded. Those who were in early and are discliplined, will get out, but they will be the tiny minority. The opportunity will be over-funded and over-exploited and it will lead to another lage 'burst' and contraction.
In our ever shrinking world, doing things to excess has become human nature." - Matt Fates, Ascent Venture Partners
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