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MAVA Press Contact: Stacey Sweeney
(703) 281-2254 or (571) 228-2249
Stacey@StaceySweeney.com
Mid-Atlantic Venture Capitalists' Survey Reveals Optimism about Early Signs of Market Turnaround
(August 12, 2003, Timonium, MD) –Data released today by the Mid-Atlantic Venture Association (MAVA) shows that investors in the region are beginning to see some positive leading indicators that could signal the early signs of a recovery in the region’s private equity markets. Notwithstanding that the dollar indicators from the second quarter of 2003 were down for venture capital investing in the Mid-Atlantic region, the MAVA Q2 2003 survey results show that the majority of survey respondents expect to be active investors, making new investments in the second half of 2003. Additionally, the region’s venture capitalists feel that the private equity market in the Mid-Atlantic region is beginning to see an upswing, with the majority seeing a slight increase in merger and acquisition activity.
“The data indicates that the forecast for the Mid-Atlantic private equity market could be brightening”, said Julia Spicer, Executive Director of MAVA. “Clearly, some market uncertainty remains, but the data from MAVA’s second quarter survey illustrates that the region’s venture capitalists’ are beginning to feel that there could be a sustainable recovery in the making.”
The venture capital survey is part of MAVA’s ongoing efforts to better understand the climate for private equity in the Mid-Atlantic region. While the purpose of other private equity surveys is to track previous investment activity, the quarterly MAVA venture capital survey is intended to gauge investor attitudes, future activity and important investment trends. The Q2 2003 survey was conducted via email using WebSurveyor, and sent to 392 member VCs and received a 17% response rate.
Download the full press release, including the survey's major findings, in PDF format.
