Investors are seeing Silicon Valley as an even better place to put their money, according to the Silicon Valley Venture Capitalist Confidence Index.
The high-growth sector, when polled by 35 respondents, is seen as a good risk for the next 6-18 months. And the surge is the highest in two years.
Thursday's announcement of an IPO for LinkedIn also indicates that things could be on the sunnier side for Silicon Valley for the forseeable future.
One expert is so giddy as to coin his own phrase to describe the four factors that should lead to growth:
“Venture capital backed start-ups and financings are seeing a new renaissance and the reason is ‘Clomosol,’” said Venky Ganesan of Globespan Capital Partners. “No, it’s not a new drug but rather my coined term for the four major trends powering technology: Cloud, Mobile, Social, and Local. The wealth creation driven by Clomosol will dramatically impact both the local Bay Area economy as well as the overall technology sector.”
2010 was a killer year for products and tech, maybe 2011 will be a killer year for salaries and employment -- and IPOs.