Do we already see a recovery of the VC financing market in the US?

According to a recent Article on Venture Beat the US market for Venture Capital is already recovering. In the 2nd quarter of 2009 almost 5.3 bn US$ have been invested by VCs in about 595 deals. Compared to the same time period in 2008 this is still a decline, however in the 1st quarter 2009 was a complete desaster with only 4 bn US$ invested. In fact, the figures for the 1st quarter 09 are the worst since 1998, so that 5.3 bn US$ in the second quarter are not looking bad at all.

The question is how sustainable is this slight recovery and how fast will the European markets also catch up and regain momentum.

After all we should not loose hope and look more optimistic into the future :-)

For more information on the US VC market you can follow the link:
http://deals.venturebeat.com/2009/07/17/q2-venture-investing-looks-like-its-2005-and-thats-a-good-thing/