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Venture capitalists are typically some of the most optimistic people on the planet, touting how new technologies will change the world. But ask American VCs about their own industry and that optimism just flies out the door. A new survey finds that more than 90 percent of U.S. venture capitalists expect the number of venture firms to decline in the next five years. That's hardly a vote of confidence, but it speaks to the big challenges facing an industry suffering from weak returns and lackluster exits.

The 2010 Global Venture Capital survey -- conducted by Deloitte and the National Venture Capital Association -- also found that a majority of venture capitalists in emerging markets in China, India and Brazil expect the industry to expand.

To read the full, original article click on this link: The coming venture capital bust