"Venture Capital confidence has declined so rapidly in Silicon Valley that the start-up community is now in crisis." - Inspired by Mark Cannice, Associate Professor of Entrepreneurship, USF School of Business and Management

Mark Cannice, Associate Professor of Entrepreneurship at the University of San Francisco School of Business and Management, has been surveying venture capitalists' confidence in the future high-growth entrepreneurial environment. His most recent survey shows that confidence has declined to a new all time low.

"The situation is concerning enough to be characterized as a capital markets crisis for the start-up community," writes the National Venture Capital Association.

"We are headed for a major economic problem worldwide . . . This will impact revenue generation of portfolio companies, as well as exit strategies and funding sources," states Steve Carnevale of Point Cypress Ventures.

With the economy as bad as it currently is, and VC confidence at a new low, Cannice believes that entrepreneurs will have to struggle for funding.