Global venture capitalists see pockets of optimism in the current venture capital environment, according to the 2012 Global Venture Capital Confidence Survey from Deloitte and the National Venture Capital Association. More than 440 venture capital, private equity and growth equity investors in the Americas, Europe, Asia Pacific and Israel participated in the survey, expressing their confidence levels on a variety of aspects impacting the global venture capital environment. In particular, surveyed investors favor emerging geographies, such as Brazil, and innovative information technology (IT) sub-sectors, such as cloud computing and social media. The survey also indicates room for considerable improvement in overall global venture capital confidence levels.