As part of Global Entrepreneurship Week, our team at NVCA connected with leaders in innovation ecosystems around the world. In the first of our series of interviews, we spoke with Nkululeko Mthembu, the founder of the Durban Innovation Hub in Durban, South Africa. Durban, a city of over three million people and home to the country’s largest port, has a diverse economy driven by trade, industry and the presence of multinational corporations. Read more
https://nvca.org/wp-content/uploads/2019/06/42865ff45b916762c541e2bffe9fa791b4165a45.png 0 0 Jessica Straus https://nvca.org/wp-content/uploads/2019/06/42865ff45b916762c541e2bffe9fa791b4165a45.png Jessica Straus2014-11-18 23:14:242014-11-18 23:14:24Global Entrepreneurship Week: Entrepreneurial Opportunities Abound in Durban
https://nvca.org/wp-content/uploads/2019/06/42865ff45b916762c541e2bffe9fa791b4165a45.png 0 0 Jessica Straus https://nvca.org/wp-content/uploads/2019/06/42865ff45b916762c541e2bffe9fa791b4165a45.png Jessica Straus2014-11-17 21:08:552014-11-17 21:08:55NVCA Celebrates Global Entrepreneurship Week
This week, NVCA joins in celebrating Global Entrepreneurship Week and the people around the world who foster innovation and build ideas into companies. The entrepreneurial spirit is a force for economic development, creativity, increasing efficiencies, job creation and innovation. Across geographies, there are a few traits that can be found in entrepreneurs worldwide – a passion to tackle a challenge they perceive in the world, a desire to build something new and a willingness to take risks to see their vision through.
https://nvca.org/wp-content/uploads/2019/06/42865ff45b916762c541e2bffe9fa791b4165a45.png 0 0 John Taylor https://nvca.org/wp-content/uploads/2019/06/42865ff45b916762c541e2bffe9fa791b4165a45.png John Taylor2014-11-03 18:56:252014-11-03 18:56:25NVCA Advocates for Increased Efficiency and Efficacy in Fair Value Reporting
The cycle of innovation in the U.S. ecosystem is driven, in part, by the dynamic flow of capital among limited partners, traditional, corporate and growth equity venture capital investors, entrepreneurs, and, in the event of a public offering or acquisition, retail investors and companies. Limited partners (LPs), whose ranks include foundations, endowments and pension funds, invest in venture capital funds to put capital to work growing innovative young companies.
As part of their capital commitment, LPs require audited financial statements that report the fair value of venture capital firms’ portfolio company investments. Assessing fair value presents a considerable challenge to both auditors and the Chief Financial Officers and Administrative Partners at venture capital firms, who are responsible for the preparation of quarterly and annual financial statements of the funds. More often than not, portfolio companies do not yet have proven business models or technology, making it difficult to precisely state their current fair value using traditional financial metrics. Read more
https://nvca.org/wp-content/uploads/2019/06/42865ff45b916762c541e2bffe9fa791b4165a45.png 0 0 Janice Mawson https://nvca.org/wp-content/uploads/2019/06/42865ff45b916762c541e2bffe9fa791b4165a45.png Janice Mawson2014-10-29 17:40:572014-10-29 17:40:57Looking Toward the Summit: NVCA and Intel Capital Will Convene Corporate Venture Leaders Next Week In Huntington Beach
With the ascent of corporate venture over the past decade comes an increased need to share best practices among established and new practitioners. Our research at the National Venture Capital Association shows that last year, corporate venture capitalists invested $3.1 billion in 693 deals, which represented 10.6 percent of all venture capital investment, growing from $1.5 billion in 539 deals in 2005. As an organization, we are committed to convening all facets of the innovation ecosystem – from traditional VCs to corporate investors – to expand networks, provide platforms for discussion, resources and top tier industry research. Read more
https://nvca.org/wp-content/uploads/2019/06/42865ff45b916762c541e2bffe9fa791b4165a45.png 0 0 Bobby Franklin https://nvca.org/wp-content/uploads/2019/06/42865ff45b916762c541e2bffe9fa791b4165a45.png Bobby Franklin2014-10-06 21:17:272014-10-06 21:17:27Regional Venture Capital Associations Are Critical to the Rise of Innovation Ecosystems
The growth of innovation ecosystems across the U.S. can be influenced by a range of factors – the presence of research institutions, incubators and accelerators, local investment communities, existing businesses and corporations, cost-of-living, public policy, population density, and infrastructure. State and regional venture capital trade associations play the critical role of navigating the bevy of resources and challenges for innovators, and help spur innovation through programming, advocacy and research. Read more
https://nvca.org/wp-content/uploads/2019/06/42865ff45b916762c541e2bffe9fa791b4165a45.png 0 0 Emily Baker https://nvca.org/wp-content/uploads/2019/06/42865ff45b916762c541e2bffe9fa791b4165a45.png Emily Baker2014-09-30 18:59:422014-09-30 18:59:42NVCA Urges the White House Office of Science and Technology to Foster Innovation in Capital-Intensive Sectors
This week, NVCA submitted our comments to the White House Office of Science and Technology Policy (OSTP) and the National Economic Council (NEC) on their updates to the 2009 Strategy for American Innovation, a comprehensive set of goals to advance innovation in the U.S.
We are committed to advancing public policies to support the growth of innovative new companies that are the foundation of a vibrant, prosperous U.S. economy. Despite the rise of incubators, crowdfunding, corporate venture capital, along with traditional venture capital, there remain considerable challenges for new companies in capital-intensive sectors such as life sciences, advanced materials and clean energy. In these sectors, in particular, the government has a critical role to play in fostering an environment for increased investment and innovation through tax and regulatory policies. Read more
https://nvca.org/wp-content/uploads/2019/06/42865ff45b916762c541e2bffe9fa791b4165a45.png 0 0 Kelly Slone https://nvca.org/wp-content/uploads/2019/06/42865ff45b916762c541e2bffe9fa791b4165a45.png Kelly Slone2014-08-13 19:54:002014-08-13 19:54:00Advancing Reforms to Spur U.S. Medical Innovation
NVCA Provides Public Policy Recommendations to House Committee on Energy and Commerce to Address Current Challenges Hindering Medical Innovation
The U.S. venture capital industry has always played a critical role in advancing medical innovation through investment in the life sciences industry, which includes biopharmaceutical, medical technology and diagnostics companies. The life sciences industry has revolutionized healthcare worldwide by preventing or curing serious conditions like influenza and cancer, and transforming once fatal diseases like HIV/AIDS into manageable chronic conditions. Read more
https://nvca.org/wp-content/uploads/2019/06/42865ff45b916762c541e2bffe9fa791b4165a45.png 0 0 Bobby Franklin https://nvca.org/wp-content/uploads/2019/06/42865ff45b916762c541e2bffe9fa791b4165a45.png Bobby Franklin2014-08-04 21:19:382014-08-04 21:19:38Startup Day Across America Will Highlight The Scale of Opportunity and Innovation Across the U.S.
Tremendous opportunity exists for innovators across the U.S. to transform and improve the most basic ways we live, work and play. The convergence of accessible, affordable technologies and the development of new resources for entrepreneurs has made it easier than ever to start a company. High-growth startups are driving change across all sectors of the economy, sparking new life within entrenched industries such as transportation, biotechnology, healthcare and hospitality and, in some cases, spurring the growth of new industries.
On August 5th, Members of Congress will participate in Startup Day Across America to connect with the entrepreneurs that represent the backbone of the nation’s innovation ecosystem. The Congressional Caucus on Innovation and Entrepreneurship, 1776, Engine Advocacy and the National Venture Capital Association (NVCA) have worked together to organize the 2nd Annual Startup Day to showcase entrepreneurship through a series of nationwide events and to ensure the voices of the newest, youngest companies are heard. Read more
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Conner Forrest of TechRepublic published an article today, How 2014 could become the year of the startup, making the case that we could see a strong year for startups due to a rise in venture capital investment and exits through mergers and acquisitions and initial public offerings.
Our most recent quarterly PwC/NVCA MoneyTree™ Report based on data provided by Thomson Reuters reported that in the first quarter of 2014, venture capital activity increased from the previous quarter with $9.5 billion invested in 951 deals. Read more
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The much-talked about Wall Street Journal piece from Rupert Murdoch on the urgent need to pass immigration reform shines a bright light on the need for Congress to come together and act. While Murdoch is one of many, many voices championing this issue, his piece stands in contrast to the cacophony of voices who are sending immigration reform to the legislative graveyard.
Murdoch’s voice is important because he makes one point crystal clear: Immigration reform is not dead. As a nation we cannot pass on this opportunity to reform our immigration system because the engine of the U.S. economy—innovation and entrepreneurship—depends on the foreign-born entrepreneurs who come to America to build new businesses. Read more