March 12th, 2009
From Green Right Now Reports
Venture capitalists are still bullish on the green tech sector, although less than they were six months ago, according to a newly released survey by audit, tax and advisory firm KPMG LLP.
In a poll of 304 venture capitalists, corporate executives, entrepreneurs and bankers in the green tech space, 53 percent of respondents said they expect venture capital investment in the sector to increase in 2009 compared to 2008, while 26 percent expect investment to decrease. That optimism is down significantly from a similar poll in September 2008 when 93 percent expected investment to increase and just one percent anticipated a decline.