If the flow of political fund raising capital can be used as a gauge, then there's a strong message coming from the flow of campaign contributions from venture capitalists. Contributions by venture capitalists to Democratic candidates exceed contributions to Republicans by a nearly two to one margin. Red Herring reports, of the contributions from individuals and political action committees connected to the venture capital industry, Democrats have gathered $2.4 million compared with $1.4 million given to Republicans. That's quite a difference and it reveals a little about the current mindset of the finance industry in light of the coming elections.

National Venture Capital Association, is top contributor with $365,500 split 54% Democrat to 46% Republican. This seems to be a reasonable split. The giving picture from the number two and three contributors is much different however. The second largest VC contributor is Kleiner Perkins who piled 94% of $147,400 onto Democratic candidates. Third on the big donor list is Hummer Winblad which gave 100% of it's political contributions to the Democrats. The article from Red Herring expands on the list.

Most interesting to me is the fact that presidential candidate Barack Obama has handily out paced Hillary Clinton in total contributions from the VC camp. Top recipient, Obama has had $349,074 donated to his name while Clinton has only received $235,000 from similar sources. It's also important to note that Obama's total topped the VC's donations of $289,350 to Republican candidate Mitt Romney. Rudi Giuliani wraps up the top four with total contributions received of $178,400.

What do these funding dynamics indicate to you? Is there a fundamental shift taking place or are venture capitalists just hedging their bets? Do these patterns of political contribution reflect intent or are they simply a reaction to an overwhelming sense that something big must change? If political donations by venture capital organizations are an electoral thermometer, I must say it's getting mighty warm in here.