USA TODAY – Venture capital is facing up to its diversity problem

Kate Mitchell of Scale Venture Partners, who is serving as co-chair of the task force, said in an interview that the National Venture Capital Association is committed to “moving the needle on this.”

“Silicon Valley is about solving hard problems and this is a hard problem,” she said. “We have to acknowledge that this is only a first step. We have to make a long-term commitment.”

Read the Story

The Wall Street Journal – Businesses Mixed in Reaction to Executive Action on Immigration

By targeting solutions to help foreign-born entrepreneurs build their businesses in the U.S., President Obama has made clear he understands the important role the entrepreneurial ecosystem plays in our economy,” said Bobby Franklin, president of the National Venture Capital Association.

Read the Story

News & Observer – Triangle Startups benefiting from growth of corporate venture capital

Corporate venture capital investments totaled $3.1 billion last year, well more than double the amount companies invested in startups in 2008, when the recession put a damper on corporate V, according to data compiled by PricewaterhouseCoopers and the National Venture Capital Association…

“A lot of corporations have cash on the balance sheet and are looking to deploy that,” said Bobby Franklin, president and CEO of the National Venture Capital Association.

Read the Story

StritctlyVC – The NVCA’s Newest Weapon: Bobby Franklin

Last year, Bobby Franklin became president and CEO of the National Venture Capital Association in Washington, D.C. On Tuesday, over croque-monsieurs in San Francisco, we talked about the battles he’s been trying to win since for VCs and, increasingly, he says, entrepreneurs.

To say that Franklin’s job is complicated is kind of understating things. Still, we gather that Franklin — formerly an executive VP at a wireless communications lobbying group — is up to the challenge. Our chat with him has been edited for length.

Read the Story

The Wall Street Journal – FCC Gets 3 Million Net-Neutrality Comments as Deadline Approaches

“The U.S. government should ensure that entrepreneurs do not face arbitrary roadblocks that limit their potential to build products and services on the Internet,” National Venture Capital Association President Bobby Franklin said. “If the FCC were to allow this, it would create a competitive advantage for well-established companies while disadvantaging entrepreneurs.”

Read the Story

Chicago Tribune – Study: Venture capitalist confident about U.S. startup landscape

A survey by the National Venture Capital Association and Deloitte & Touche LLP shows that investors are most confident about startups in cloud computing and software-as-a-service, two sectors that involve minimal capital costs. The 10th annual worldwide study measured confidence in investment through 331 interviews among venture capitalists, private equity and growth equity investors around the world.

Read the Story

Inc. – What’s Really Driving the Boom in Corporate VC Firms

By the numbers, corporate venture funds transacted 2,100 deals in the first half of 2014. That’s compared to 4,100 deals for the full year of 2013, which was a six percent increase over 2012, but a 30 percent increase over 2009, the height of the financial crisis. Nevertheless, the total percentage of venture capital dollars coming from corporate firms is still relatively small: about 10 percent of $30 billion invested in 2013, according to the National Venture Capital Association.

Read the Story