A recent survey of venture capitalists indicates they aren't putting much stock in the Midwest.
When asked to select the geographical region that represents the area of the "hottest investment opportunities," half of the roughly 100 venture capitalists surveyed said the West Coast, according to Massachusetts-based Polachi Inc., an executive search firm.
The East Coast received 39 percent of the vote and even the South received two percent. Ten percent of venture capitalists surveyed said the hottest investment opportunities were outside the U.S.
The Midwest and Northwest didn't get a single vote.
Venture capitalists are feeling more confident about the state of their industry, according to the survey. About 55 percent of those surveyed said they are most optimistic about the exit markets, according to Polachi.
