Facebook’s (FB: 28.63, +0.18, +0.63%) $16 billion initial public offering was supposed to be a crowning achievement that would open the investing floodgates to early-stage technology firms.
Two months after that debacle, it’s become clear the Facebook IPO and the deepening eurozone debt crisis have combined to significantly erode confidence among Bay Area venture capitalists.
Confidence in the second quarter dipped 8.4% to 3.47 on a 5-point scale in the Silicon Valley Venture Capitalist Confidence Index, which was released on Tuesday.
