NVCA Joins SIFMA and Chamber of Commerce in Filing Amicus Brief in Case Before Supreme Court

Increased State Court Litigation and Class Actions Adversely Impact High-Growth Startups

WASHINGTON, DC – The National Venture Capital Association (NVCA) joined the Securities Industry and Financial Markets Association (SIFMA) and the U.S. Chamber of Commerce in filing an amicus brief with the Supreme Court of the United States in the case of Cyan, Inc., et al.  v. Beaver County Employees Retirement Fund, et al..  At issue is an increase in state court securities class action lawsuits that adversely impacts recently public venture-backed companies.  NVCA believes federal courts have exclusive jurisdiction over the types of cases at issue in this case.

“Fewer and fewer venture-backed companies are choosing to go public, and we should be doing all we can to make the public markets more hospitable to high-growth companies that want to access them to scale and grow,” said Bobby Franklin, President and CEO of NVCA. (more…)

House GOP Tax Plan Good Start But More Needs to Be Done to Encourage Entrepreneurial Activity and Startup Creation

WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement after House Speaker Paul Ryan (R-WI) and Congressman Kevin Brady (R-TX), Chairman of the House Ways and Means Committee, unveiled the House Republican blueprint for tax reform.

“The tax code impacts the entrepreneurial ecosystem in two major ways—one in which tax policy has been effective and second where reform is desperately needed.  Startups generally have to operate for years using investment capital to create and develop a novel product or service, and so the investment environment is absolutely critical to entrepreneurship,” said Bobby Franklin, President and CEO of NVCA.  (more…)

Ratcliffe Bills Make it Easier for DHS to Access Innovative Cybersecurity Solutions

WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement after the House of Representatives passed H.R. 5388, the Support for Rapid Innovation Act of 2016, and H.R. 5389, the Leveraging Emerging Technologies Act of 2016,  introduced by Congressman John Ratcliffe (R-TX), Chairman of the House Homeland Security Subcommittee on Cybersecurity, Infrastructure Protection, and Security Technologies.  Featured as part of the Innovation Initiative led by House Majority Leader Kevin McCarthy (R-CA), the bills would make it easier for the Department of Homeland Security (DHS) to access innovative cybersecurity solutions by requiring the federal agency to address barriers that inhibit venture-backed cybersecurity startups from delivering their products and services via the federal procurement process. (more…)

NVCA Saddened by Passing of Venture Icon David Morgenthaler

Morgenthaler Rooted in DNA of NVCA as Early Founder and Past Chair of Organization

WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement after the passing of venture capital icon David Morgenthaler, Founder of Morgenthaler Ventures and past Chair of the NVCA Board of Directors. (more…)

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…)