“Optimism survives, laced with caution”

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India Abroad
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India Abroad Reporter, Ritu Jha, gauges the mood in Silicon Valley

In May, when The Indus Entrepreneurs in Silicon Valley celebrated its annual conference, TiE President Vish Mishra said this year was break-even time. He was pleased to see the way entrepreneurs, IT professionals, and venture capitalists were pouring in to share information about their upcoming business projects and technologies. The market, Mishra said then, is recovering.

Thus, the August 5 downgrading of America’s credit rating by Standard & Poor’s came as a thunder strike from the blue.

"I was stunned as many of my friends and colleagues about the debt-ceiling drama, decision and subsequent downgrade,” Mishra, venture director, Clearstone Venture Partners, told India Abroad from Singapore…

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