NVCA Cheers Passage of Bills by Homeland Security Committee to Open Procurement Process to Cybersecurity Startups

Federal Agencies Unable to Access Innovative Cybersecurity Solutions Due to Difficulties Startups Face Accessing Procurement Process

WASHINGTON, DC – The National Venture Capital Association (NVCA) issued the following statement today after the House Committee on Homeland Security passed the Support for Rapid Innovation Act of 2016 and the Leveraging Emerging Technologies Act of 2016, both introduced by Congressman John Ratcliffe (R-TX), Chairman of the House Homeland Security Subcommittee on Cybersecurity, Infrastructure Protection, and Security Technologies. (more…)

Fostering Innovation Act Would Help Startups Go Public

WASHINGTON, DC – The National Venture Capital Association (NVCA) today came out in support of H.R. 4139, the Fostering Innovation Act.  Sponsored by Reps. Kyrsten Sinema (D-AZ) and Michael Fitzpatrick (R-PA), H.R. 4139 would reduce the significant and sometimes overwhelming costs for small capitalization companies to go public, encouraging more startups to access the public markets. (more…)

NVCA Marks Opening of Crowdfunding Platforms

Crowdfunding Will Strengthen Entrepreneurial Ecosystem

WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement as new rules by the Securities and Exchange Commission (SEC) go into effect to allow for small startup companies to raise capital through crowdfunding platforms.  The new rules allowing for the creation of crowdfunding platforms is the result of Title III of the 2012-passed Jumpstart our Business Startups Act (JOBS Act), which NVCA played a leading role in helping to secure passage of. (more…)

NVCA Supports Reauthorization of SBIR and STTR Programs

Programs are Vital Tools to Support Entrepreneurship in America

WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement after the Senate Committee on Small Business and Entrepreneurship voted last night to pass S. 2812, SBIR and STTR Reauthorization and Improvement Act of 2016.  Sponsored by Senator David Vitter (R-LA), Chairman of the Senate Committee on Small Business and Entrepreneurship, and Senator Jeanne Shaheen (D-NH), Ranking Member of the Senate Committee on Small Business and Entrepreneurship, S. 2812 reauthorizes the Small Business Administration’s (SBA) Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs.  Scheduled to expire September 30, 2017, the bill would make the programs permanent across all participating federal agencies. (more…)

Basic Research and Technology Commercialization are Vital to National Interest

WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement as the U.S. Senate Committee on Commerce, Science, and Transportation today convenes a hearing to discuss ways to improve collaboration in research and development and the application of research and development to commercial uses.

“Strengthening American investment in basic research and promoting the commercialization of emerging technologies is critically important to the entrepreneurial ecosystem and vital to our national interest,” said Bobby Franklin, President and CEO of NVCA.  (more…)

Leaders from Venture Capital Honored at NVCA Leadership Gala & Summit

Chuck Newhall, Diana Frazier and Jeff Fagnan Recognized for Service and Commitment to Venture and Entrepreneurial Ecosystem

SAN FRANCISCO, CA – The National Venture Capital Association (NVCA) today honored three leaders of the venture capital industry with awards for their significant contributions to advance innovation, strengthen the industry and promote entrepreneurship.  At the Second Annual NVCA Leadership Gala & Summit held in San Francisco today, NVCA presented the Lifetime Achievement in Venture Capital Award to Chuck Newhall, Co-Founder and Retired General Partner of New Enterprise Associates (NEA), the Outstanding Service Award to Diana Frazier, Co-Founder of FLAG Capital, and the American Spirit Award to Jeff Fagnan, Founder and General Partner of Accomplice Ventures. (more…)

Venky Ganesan of Menlo Ventures Appointed Chair of NVCA Board of Directors

Seven New Directors Elected to NVCA Board for Four-Year Term

SAN FRANCISCO, CA – The National Venture Capital Association (NVCA) today announced that Venky Ganesan, Managing Director of Menlo Ventures, will serve as the 2016-2017 Chair of the NVCA Board of Directors.  His appointment was made official today at the Second Annual NVCA Leadership Gala & Summit in San Francisco, CA. (more…)

Business Tax Reform Should Focus on Strengthening Startup Creation

WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement as the Senate Finance Committee held a hearing to examine business tax reform.

“Today’s hearing was an important one and we are supportive of congressional efforts to continue the discussion around business tax reform.  However, because the success of innovative startups has become so important to economic growth, any discussion around tax reform must be expanded to consider ways that tax reform can encourage the creation of more U.S. companies as well as bolstering the competitiveness of larger firms,” said Bobby Franklin, President and CEO of NVCA. (more…)

Corporate Venture Engagement in Entrepreneurial Ecosystem Continues to Rise

Corporate Venture Groups Participated in 23.5% of Deals and Accounted for 20.6% of Dollars Deployed in First Quarter

WASHINGTON, DC – Corporate venture groups deployed over $2.5 billion in 228 deals to the entrepreneurial ecosystem in the first 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 has risen for nine straight quarters, reaching 23.5 percent of all venture capital deals during the first three months of the year, which marks the highest level since Q3 2008 when corporate venture groups were involved in 24.1 percent of deals.  By dollars invested, corporate venture represented 20.6 percent of venture capital invested for the first quarter, marking the strongest three month period for corporate venture dollars deployed in the history of the MoneyTree Report. (more…)

$12.1 Billion in Venture Capital Deployed to Startup Ecosystem in First Quarter, According to the MoneyTree Report

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

WASHINGTON, DC – Venture capitalists invested $12.1 billion in 969 deals in the first 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 remained flat and total deal count was down 5 percent, compared with the fourth quarter when $12.0 billion was invested in 1,021 deals. Compared with Q1 2015, dollars and deals are both down 11 percent. This is the ninth consecutive quarter of more than $10 billion in venture capital invested in a single quarter. (more…)