VCs still fond of Wireless and the Cloud

If you plan to raise Venture Capital for your Smart Phone or Cloud Computing start-up in 2010, you may be in one of the rare sectors where VCs are optimistic. A survey of US VCs shows the percentage expecting increased investment in these sectors:

Internet 46%
Software 25%
Wireless 30%
Media 33%

Topping their list overall is Clean tech, where 54% predict
increases.Writing in peHUB Wire, Deborah Gage says “Venture funds will shrink and the number of firms will shrink, said a majority of the 325 VCs surveyed, although they do expect to invest a few more dollars in more companies.

“They also plan to invest more in clean tech and Internet companies along with companies in China and India. They favor later stage investments over seed and early stage — a fact that concerns NVCA President Mark Heesen, who worries about innovation — and they expect exit markets to improve slightly, with more mergers and acquisitions and a few more IPOs.

“As a new feature, the NVCA included a list of Tweets provided by VCs on what they expect to do differently next year. Here’s a daring one — ‘More risky.’”

Get all the data here: VentureView 2010 charts