Contact:

Ben Veghte
NVCA
202.864.5923
bveghte@nvca.org


FOR IMMEDIATE RELEASE:

WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement after the Federal Communications Commission (FCC) voted 3-2 to reclassify Internet service providers (ISPs) as common carriers under Title II of the Telecommunications Act, prohibiting ISPs from blocking web traffic or charging websites for priority service.

“Today’s vote is a win for the entrepreneurial ecosystem.  By prohibiting ISPs from discriminating through paid prioritization, the FCC has ensured that America’s startups have the opportunity to thrive and grow on a level playing field without being placed at a competitive disadvantage to larger competitors,” said Bobby Franklin, President and CEO of NVCA.  “We have maintained from the beginning that the regulatory solution is not as important as the end goal of protecting and preserving an open Internet so that innovation can flourish without interruption.  We are glad to see that the FCC voted to protect America’s entrepreneurs from arbitrary roadblocks that would limit their potential to build transformative products and services on the Internet.”


About National Venture Capital Association

Venture capitalists are committed to funding America’s most innovative entrepreneurs, working closely with them to transform breakthrough ideas into emerging growth companies that drive U.S. job creation and economic growth. As the voice of the U.S. venture capital community, the National Venture Capital Association (NVCA) empowers its members and the entrepreneurs they fund by advocating for policies that encourage innovation and reward long-term investment. As the venture community’s preeminent trade association, NVCA serves as the definitive resource for venture capital data and unites its nearly 400 members through a full range of professional services. For more information about the NVCA, please visit www.nvca.org.