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…)

Corporate Venture Activity Slows in Second Quarter

Corporate Venture Groups Participated in 20.6 Percent of all Deals and 24.2 Percent of Investment in Biotechnology Sector

WASHINGTON, DC – Corporate venture groups deployed over $1.2 billion in 198 deals to the entrepreneurial ecosystem in the second quarter of 2016, according to the MoneyTree™ Report by PricewaterhouseCoopers (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters.  The percentage of deals with corporate venture participation was 20.6 percent during the second three months of the year.  While this marked the sixth straight quarter of over 20 percent of all venture deals having corporate venture involvement, it was the first quarter to show signs of a slowdown in corporate venture participation.  Including the second quarter, corporate venture groups have now invested more than $1 billion into the entrepreneurial ecosystem for ten straight quarters.

“Corporate venture activity for the quarter largely mirrored overall venture investing trends, marked by a 17 percent drop in the number of deals with corporate venture participation.  While the second quarter was more subdued, we’ve witnessed a high-level of corporate venture engagement the past year and a half, demonstrating an appreciation by corporations of the value and importance of being a part of the entrepreneurial ecosystem,” said Bobby Franklin, President and CEO of NVCA.  (more…)

$15.3 Billion in Venture Capital Deployed to Startup Ecosystem in Second Quarter, According to the MoneyTree Report

Tenth Consecutive Quarter of More than $10 Billion in Venture Capital Investments

WASHINGTON, DC – Venture capitalists invested $15.3 billion in 961 deals in the second quarter of 2016, according to the MoneyTree™ Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters. Total venture dollars deployed to startup companies for the quarter increased 20 percent and total deal count was down 5 percent, compared with the first quarter when $12.7 billion was invested in 1,011 deals. Compared with Q2 2015, dollars and deals are down 12 and 22 percent, respectively. This is the tenth consecutive quarter of more than $10 billion in venture capital invested in a single quarter. (more…)

Venture Investors Scott Kupor and Ali Behbahani Discuss Role of Venture in Supporting Entrepreneurship at Congressional Hearing

Offer lawmakers detailed policy recommendations to strengthen entrepreneurial ecosystem

WASHINGTON, DC – Venture investors Scott Kupor, Managing Partner at Andreessen Horowitz and Chair-elect of the NVCA Board of Directors, and Ali Behbahani, MD, Partner at New Enterprise Associates (NEA), testified today before the Senate Committee on Small Business and Entrepreneurship at a hearing to examine the role of venture capital in supporting innovation and spurring entrepreneurial activity in the U.S.

Venture’s Role in the Entrepreneurial Ecosystem

During testimony, Kupor and Behbahani walked Senators through the basics of the venture capital model, debunking misperceptions about venture and detailing the hands on work venture investors put in to growing successful startups.

“The reality is that those who are successful in our field don’t just pick winners.  We work actively with our investments to help them throughout the company-building lifecycle over a long period of time,” said Kupor during his opening testimony.  (more…)

Media Advisory: NVCA Members to Testify Before Congressional Panel on Role of Venture in Entrepreneurial Ecosystem

Ali Behbahani, MD of NEA and Scott Kupor of Andreessen Horowitz to Headline Senate Small Business Committee Hearing

WASHINGTON, DC – The National Venture Capital Association (NVCA) today announced that Scott Kupor, Managing Partner at Andreessen Horowitz and Chair-elect of the NVCA Board of Directors, and Ali Behbahani, MD, Partner at New Enterprise Associates (NEA), will testify on Thursday, July 14 before the Senate Committee on Small Business and Entrepreneurship at a hearing entitled, “Search for Capital: How Venture Capitalists and Angel Investors Fund Entrepreneurs and Startup Companies.”

“We are excited to have Ali and Scott participate in a conversation with senators on the vital role venture capital plays in spurring innovation and supporting American entrepreneurship,” said Bobby Franklin, President and CEO of NVCA.  (more…)