NVCA Joins SBA and LinkedIn ONBOARD Initiative

WASHINGTON, DC – The National Venture Capital Association today joined as a supporting partner of the Open Network for Board Diversity (ONBOARD) Initiative.  Spearheaded by the U.S. Small Business Administration and LinkedIn, the goal of the initiative is to increase the number of women and minority members of advisory boards and boards of directors of high growth small businesses, with special emphasis on those businesses supported by Small Business Investment Companies (SBICs).

“NVCA, our members and the companies they support all have a stake in creating a more inclusive entrepreneurial ecosystem and a critical component to those efforts starts with the composition of company boards,” said Bobby Franklin, President and CEO of NVCA.   (more…)

NVCA Applauds International Entrepreneur Rule and Recommends Key Improvements

WASHINGTON, DC – The National Venture Capital Association (NVCA) today provided comments to the Department of Homeland Security (DHS) on the proposed International Entrepreneur Rule, which would allow foreign-born entrepreneurs who meet certain criteria to remain in the U.S. to grow their businesses.

“NVCA has long been a vocal advocate for immigration reform with a specific emphasis on the creation of a new visa category for foreign-born founders who come to the U.S. to start and grow innovative companies,” said Bobby Franklin, President and CEO of NVCA.  (more…)

Venture Investors Deploy $15 Billion to More Than 1,800 Companies in Third Quarter

PitchBook and the National Venture Capital Association release first-ever Venture Monitor

SEATTLE, WA – PitchBook and the National Venture Capital Association (NVCA) today launched the inaugural PitchBook-NVCA Venture Monitor, a brand new quarterly report to serve as the definitive source of information on U.S. venture capital activity in the entrepreneurial ecosystem. According to the Venture Monitor, nearly 2,000 investors deployed close to $15 billion in venture financing to more than 1,800 companies in the entrepreneurial ecosystem during the third quarter. (more…)

NVCA Applauds House Passage of Startup Stock Options Legislation

Bill will help startup employees who receive tax bills for illiquid stock options

WASHINGTON, DC – The National Venture Capital Association (NVCA) issued the following statement today after the U.S. House of Representatives passed H.R. 5719, the Empowering Employees Through Stock Ownership Act.

“Most cash strapped startups dedicate their financial capital to developing and building new products and services, making stock options a critical tool to building strong teams,” said Bobby Franklin, President and CEO of NVCA.  (more…)

PitchBook Named the Official Data Provider of NVCA

WASHINGTON, DC – The National Venture Capital Association (NVCA) today announced the selection of PitchBook, the leading data software provider for professionals in VC, PE and M&A, as its official data provider.  Moving forward, NVCA will report on all venture capital activity using data provided by the PitchBook Platform and will partner with PitchBook to produce the quarterly PitchBook and National Venture Capital Association (NVCA) Venture Monitor, detailing venture capital activity in the entrepreneurial ecosystem.  The selection of PitchBook as NVCA’s new data provider ends a lengthy review of NVCA’s current data capabilities and competitive selection process of a long-term data provider to support NVCA’s advocacy initiatives and commitment to providing best in class services to its members.

“We couldn’t be more excited to team up with PitchBook to start a new chapter for NVCA and our data reporting capabilities, opening up a whole new world of possibilities for us as an organization as well as for our members,” said Bobby Franklin, President and CEO of NVCA.  (more…)

House Bill to Defer Tax Liability on Startup Stock Options Will Strengthen Entrepreneurial Ecosystem

WASHINGTON, DC – The National Venture Capital Association (NVCA) issued the following statement today after the House Ways and Means Committee passed H.R. 5719, the Empowering Employees through Stock Ownership Act.

“Bipartisan approval by the Ways and Means Committee of this important bill is welcome news for the entrepreneurial ecosystem and startup employees across the country who are unfairly penalized with tax liabilities on vested stock but no liquid market to sell those shares to meet their tax obligations,” said Bobby Franklin, President and CEO of NVCA.  (more…)

NVCA Applauds Proposed Rule to Allow Foreign-Born Entrepreneurs to Build Companies in the U.S.

WASHINGTON, DC – The National Venture Capital Association (NVCA) issued the following statement today after the Obama Administration announced a proposed rule by the Department of Homeland Security (DHS) to allow foreign-born entrepreneurs who meet certain criteria to remain in the U.S. to grow their businesses.  The proposed International Entrepreneur Rule is part of President Obama’s executive order on immigration first announced in November 2014.

“Today’s announcement is welcome news for the entrepreneurial ecosystem and we applaud the Obama Administration for keeping its foot on the gas of this important issue.  Immigration reform has long been a focus of NVCA and we are glad to see our priorities on the issue woven into this proposal,” said Bobby Franklin, President and CEO of NVCA.  (more…)

Clinton’s Proposed Elimination to Carried Interest Misguided

WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement after Democratic presidential candidate Hillary Clinton called for the elimination of the current tax treatment of carried interest during a speech in Detroit.

“In an election season driven by a strong undercurrent of populism, it’s unfortunate to see Hillary Clinton take this misguided position based more on politics of the moment than on sound economic policy.  Changing the tax treatment of carried interest for venture capitalists runs counter to other parts of her own economic plan as well as the urgings of many economists who argue that America should encourage long term investment, not stifle it,” said Bobby Franklin, President and CEO of NVCA. (more…)

Trump’s Plan to Eliminate Carried Interest Would Threaten Entrepreneurial Ecosystem

WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement after Republican presidential candidate Donald Trump gave a speech in Detroit calling for the elimination of the current tax treatment of carried interest.

“Donald Trump’s call for the elimination of carried interest demonstrates an unfortunate misunderstanding of the critical role it has played in the growth of the U.S. entrepreneurial ecosystem.  Despite the populist uproar, carried interest has been an important feature of the tax code that properly aligns the long-term interests of investors and entrepreneurs to build great companies together, and is only realized after our country receives the benefit of greater economic activity,” said Bobby Franklin, President and CEO of NVCA.  (more…)

New NVCA Report Showcases Diversity and Inclusion Initiatives

NVCA and Collaborators Working to Build a More Inclusive Ecosystem

WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued a new report, Building a More Inclusive Entrepreneurial Ecosystem, showcasing the work of the NVCA Diversity Task Force and others over the past 18 months to advance a more inclusive entrepreneurial ecosystemThe report features actions taken by NVCA and its member firms to directly address the lack of underrepresented groups participating in venture capital and entrepreneurship and provides an overview of diversity and inclusion initiatives led by collaborators across the U.S.

“Diversity is core to the competitiveness of the entrepreneurial ecosystem.  Diverse teams and inclusive approaches to building companies improve outcomes for society, individuals and the future of innovation,” said Bobby Franklin, President and CEO of NVCA. (more…)