Venture capitalists offer positive and negative, hopeful and pessimistic opinions about the state of their industry and business in general entering 2012.

There’s good news and bad news about the information technology sector when it comes to investing next year. Read an overview of the survey here.

What follows is a collection of quotes – with attribution – as collected by the National Venture Capital Association and Dow Jones Venture Source:

  • “Beginning of the end of the Great Seed Experiment – too many companies.” - Michael Greeley, General Partner, Flybridge Capital Partners
  • “More VC-backed companies will go public in 2012 than any year since 1999. All good companies. 6 months later they will all trade down.”- John Backus, Managing Partner, New Atlantic Ventures
  • “Venture capital gets back to the basics – well built companies will continue to attract capital and provide strongreturns.”
    – Terry McGuire, Co-Founder and General Partner, Polaris Venture Partners
  • “Innovation is the single best chance we have to fix the healthcare economy-let’s not screw it up by eliminatinginvestment in this sector.”
    – Lisa Suennen, Managing Member, Psilos Group
  • “Venture Capital will produce some of its best returns ever over the next 10 years.”- Robert Liptak, Managing Director, Clarus Ventures
  • “Obama loss finally gives certainty to investors, VC markets and IPOs have record year in -2013”- Ross Barrett, Founder, BVM Capital
  • “Last year I predicted the year of the IPO. This year I predict the year of the IPO. Next year, not so much.”- David Hornik, General Partner, August Capital
  • “In 2012 the Fund and Flip model will be discredited.”- Bill Reichert, Managing Director, Garage Technology Ventures
  • “Solid State Storage will get hotter.”- Kevin Ober, Managing Director, Divergent Venture Partners
  • “The VC industry will remain largely misunderstood by the masses, including most in government, and get lumped in with PE.”
    – Matt Fates, Partner, Ascent Venture Partners
  • “Venture returns continue to improve while market volatility keeps many institutional investors on the sidelines.”- Bob Ackerman, Founder, Allegis Capital
  • “Liquidity will no longer be out of fashion.”- Gerry Langeler, Managing Director, OVP Venture Partners
  • “Facebook IPO Pumps Late Stage Venture Valuations.”- Michael Bego, Partner, Willowridge Partners, Inc.
  • “The funding of mobile first companies will increase significantly.”- Keith Teare, General Partner, Archimedes Labs, LLC
  • “We will be quite surprised by the first thousands of human genomes.”- Juan Enriquez, Managing Director, Excel Venture Management
  • “Vertical E-commerce will have several IPOs.”- Rick Heitzmann, Managing Director, FirstMark Capital
  • “VC’s will distribute more than what they call in 2012.”- Sanjay Subhedar, Managing Director, Storm Ventures
  • “Venture will continue to support innovation and be seen as a driving force especially in Silicon Valley.” - Nola Masterso, Managing Director, Science Futures
  • “Pendulum continues to swing.”- John Glanville, General Partner, Athenaeum Capital Partners LLC
  • “VC activity to rise in 2012.”- Roman Kikta, Managing Partner, Mobility Ventures
  • “LPs are looking at the rear view mirror which is not pretty but VC’s are seeing a positive future through the windshield.” – Venky Ganesan, Managing Director, Globespan Capital Partners
  • “Cleantech investing dollars will fall as large sized rounds drop in frequency. This will be mistaken for a problem.” - Rodrigo Prudencio, Partner, Nth Power LLC
  • “The venture industry is in trouble…lack of new capital, lack of exits….poor IRR’s for the sector. need for business model innovation.” – Rick Anderon, Managing Director, PTV Sciences
  • “2012 will be the year of renewable energy.”- Bart Stuck, Managing Director, Signal Lake
  • “Continued contraction of bio-pharma venture will bring the industry closer to the tipping point from a market and a club.” – Stan Fleming, Managing Member, Forward Ventures
  • “More positive visibility in 2012”- Bon French, CEO, Admas Street Partners
  • “Good year.”- Presidio Ventures

What are the CEOs of venture-backed firms saying? Read here.

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