Since the day the U.S. Food & Drug Administration (FDA) published its final guidance on mobile medical apps last September, app developers have been trying to determine how the FDA guidance impacts their particular apps and business plans. Now, a consortium of six leading universities, more than a dozen industry trade associations and professional societies – including NVCA, and the FDA are poised to help developers do just that through a series of educational programs called “MMA Roadshow: Managing App Development under FDA Regulation.” Read more
The National Venture Capital Association is pleased to announce that Hannah Veith has joined the association as its director of business development. Hannah is responsible for cultivating relationships with business partners and growing non-dues revenue for the association. Her duties include managing NVCA’s preferred provider listing, as well as sponsorship opportunities for the association’s website, member directory, monthly newsletter and special events – including VentureScape, the NVCA’s annual meeting. Read more
|Guest blog post by Brad Feld, Foundry Group|
Every company I’m involved in keeps track of numbers. Daily numbers, weekly numbers, monthly numbers. Ultimately, all the numbers translate into three financial statements – the P&L, Balance Sheet, and Cash Flow Statement. While these numbers are sacrosanct in the accounting and finance professions, they are lagging indicators for most startup companies. Important, but they tell the story of the past, not what is going on right now. Read more
|Guest blog post by Adam Marcus, Open View Venture Partners|
It’s no secret that many CEOs aren’t big fans of their BODs, which they see more as distractions than sources of value.
Even seasoned CEOs who have managed to assemble a valuable team of advisors and mentors sometimes struggle with board management. They’re not sure how often to communicate with them, how involved they should allow board members to be, or in which areas the board could provide the most value. Read more
|Guest blog post by Sharon Wienbar,Scale Venture Partners|
While Some Believe VC Questions Are Off-Base, Realize That There’s a Method to Our Madness
As an entrepreneur with big dreams and a killer idea, walking into an investor meeting can be a bit of a reality check. VCs aren’t just going to fall over and swoon about your huge vision.
To sell VCs on your billion-dollar idea, you are going to get a cornucopia of questions thrown your way. Most questions dig into four issues for a company: market, strategy, financials and team. Read more
This week, NVCA will join the world in celebrating Global Entrepreneurship Week. Entrepreneurship energizes America’s spirit and its economy – permeating all of its industries, technologies, products, services and geographies. It’s not hyperbole to say that venture capital would not exist without entrepreneurs and the innovative companies they build. In turn, venture plays a unique and crucial role in empowering entrepreneurs through providing funding and other resources, insights into how to build and scale their companies, experienced hands to guide them through business challenges, and connections to strategic partners and other valuable contacts. Read more
As an Arkansas native, I’ve learned an important rule of thumb for visiting cities like Chicago: Get there before it gets cold. I don’t think I accomplished that last week when I blew into the Windy City as part of my nationwide NVCA “listen and learn” tour. But I certainly appreciated the warm reception I received from the Illinois Venture Capital Association. Read more
This past Monday, NVCA participated in the release of a new report aimed at improving access to public capital for startups and emerging growth companies. Entitled “From the On-Ramp to the Freeway: Refueling Job Creation and Growth by Reconnecting Investors with Small-Cap Companies,” the report follows up on the 2011 efforts of the IPO Task Force, whose “Rebuilding the IPO On-Ramp” report helped lead to the passage of the JOBS Act of 2012., NVCA Board Director Scott Kupor (Andreessen Horowitz) served as co-Chair of the new task force, while I provided policy guidance. Read more
Throughout its history, NVCA has strongly supported the allocation of federal funds for research at universities, nonprofit research institutes and federal laboratories. That’s because America’s entrepreneurs often take the groundbreaking discoveries generated in these settings today and turn them into the life-saving and life-changing products of tomorrow. However, this process can only take place if the innovative breakthrough is transferred successfully from the lab to a startup that can develop it and bring it to market. Read more
Amidst the talk of economic gloom and doom in D.C. this week, the MoneyTree™ Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters, provided some encouragement for venture capitalists, innovators and entrepreneurs. Early Stage dollar investments rose to their highest level in 12 years, rising 7 percent in dollars and 8 percent in deals. In fact, Seed/Early stage deals accounted for 58 percent of total deal volume in Q3, a record percentage for a single quarter. (Full data can be accessed here.) These figures bode well for the future of innovation. Read more