Global Economy = Great; Venture Economy = Not so Much

Good times are here again....well, sort of. In a new survey of venture capitalists and tech executives, 85% of respondents said that the global economy was marching slowly-but-steadily up and to the right. Last year, only 69% of respondents felt that good about the economy. It's a surprisingly rosy picture given the drumbeat of worries over the stalling recovery and the potential for a double-dip recession. Of course there's good reason the everyday people who work at these tech companies may not feel so happy: While 72% of executives said they expect sales to grow, only 47% said they expected to hire more people. And the hiring outlook is worse for big companies: Only 40% of executives from technology company with more than $1 billion in annual revenues say they planned to hire over the next year. The survey was done by DLA Piper and can be read in its entirety here. Ok, so another job-less recovery isn't great news for the US, but these guys seem like a pretty optimistic bunch otherwise, right? Until you ask them about the venture economy.

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