Now that you’ve had the weekend to digest the 4Q 2018 PitchBook-NVCA Venture Monitor released last week, it’s time to dive into more trends! NVCA President & CEO, Bobby Franklin, reviewed some of the big takeaways from 2018 in his VentureBeat article over the weekend. This blog post builds on those trends and themes with data and charts from the Venture Monitor, highlighting what we think are the eight most notable ones.
Note from NVCA: As part of NVCA’s VentureForward initiative, this ‘Spotlight on Rising Stars in VC’ blog series showcases individuals in the venture industry from different backgrounds and across the workforce to share experiences, spotlight their journeys and successes, and educate the next generation of people considering a career in venture capital.
Stay up to date on the latest VentureForward news, resources, and releases here. Contact ventureforward@nvca.org to learn more and get involved. (more…)
TL; DR: YES.
Okay, for those of you still with me: I’ve previously written about foreign investment scrutiny and its impact on the venture and startup ecosystem, including how the legislative process played out, how the new pilot program rules impact VCs, and what to expect next. In a nutshell, earlier this year Congress greatly expanded the authority of the Committee on Foreign Investment in the U.S. (CFIUS) to examine foreign investment deals for national security implications. Through the Foreign Investment Risk Review Modernization Act (FIRRMA), Congress gave CFIUS the authority to review minority, non-controlling investments by a foreign person into U.S. critical technology companies. (more…)
Note from NVCA: As part of NVCA’s VentureForward initiative, this ‘Spotlight on Rising Stars in VC’ blog series showcases individuals in the venture industry from different backgrounds and across the workforce to share experiences, spotlight their journeys and successes, and educate the next generation of people considering a career in venture capital.
Stay up to date on the latest VentureForward news, resources, and releases here. Contact ventureforward@nvca.org to learn more and get involved. (more…)
Last week, NVCA sent a letter to the Securities and Exchange Commission (SEC) offering recommendations for how the agency could modernize the definition of “venture capital fund” to more accurately reflect the industry as it looks today. Why is this important? Because this definition governs which private funds can be Exempt Reporting Advisors (ERAs) and which must register with the SEC as Registered Investment Advisors (RIAs). (more…)
We created the VentureForward initiative last year with the goal of expanding opportunities for people of all backgrounds to thrive in the venture ecosystem. We believe that education and powerful relationships can increase representation of women, minorities, immigrants, and other underrepresented groups. That’s why we’ve partnered with Greenspring Associates to provide an opportunity for diverse emerging fund managers to have candid conversations throughout our LP Office Hours events.
After a successful launch in San Francisco last July, we hosted a second NVCA-Greenspring LP Office Hours, this time at Openview’s office in Boston. We provide an afternoon of 1:1 meetings, roundtable peer discussions, and a Q&A so that new VCs can get advice from LPs and experienced GPs about the fundraising process and relationship management. (more…)
Note from NVCA: As part of NVCA’s VentureForward initiative, this ‘Spotlight on Rising Stars in VC’ blog series showcases individuals in the venture industry from different backgrounds and across the workforce to share experiences, spotlight their journeys and successes, and educate the next generation of people considering a career in venture capital.
Stay up to date on the latest VentureForward news, resources, and releases here. Contact ventureforward@nvca.org to learn more and get involved. (more…)
Note from NVCA: As part of NVCA’s VentureForward initiative, this ‘Spotlight on Rising Stars in VC’ blog series showcases individuals in the venture industry from different backgrounds and across the workforce to share experiences, spotlight their journeys and successes, and educate the next generation of people considering a career in venture capital.
Stay up to date on the latest VentureForward news, resources, and releases here. Contact ventureforward@nvca.org to learn more and get involved. (more…)
VCs and entrepreneurs continue to be impacted by new foreign investment scrutiny. In August, the Foreign Investment Risk Review Modernization Act (FIRRMA) delivered enhanced powers to the Committee on Foreign Investment in the U.S. (CFIUS), a U.S. government entity that has been called the “ultimate regulatory bazooka” for its ability to reject foreign investment for national security reasons. Recently, NVCA members and startups heard from CFIUS leaders at our Emerging Technology Meets National Security conference. That included the Treasury Department’s Heath Tarbert, who leads FIRRMA implementation and has a major role in how the new powers will impact the venture industry going forward. (more…)
NVCA is working to allow banks to invest in venture capital funds again. As part of this effort, we recently filed a comment letter proposing two solutions for how the various federal agencies can accomplish this priority while still adhering to the broader goals of the Volcker Rule. Through this post, our aim is to share some background on the current regulation and provide an overview of what our proposal seeks to accomplish and why.
Before the Volcker Rule became the law of the land, banks served as an important source of capital for venture capital funds, particularly for smaller funds in emerging startup ecosystems. (more…)