NVCA Congratulates Howard Lutnick on His Confirmation as Commerce Secretary 

WASHINGTON, DC – National Venture Capital Association (NVCA) President and CEO Bobby Franklin issued the following statement after the U.S. Senate voted to confirm Howard Lutnick as the next Secretary of the U.S. Department of Commerce:  

“A strong Commerce Department fosters a dynamic entrepreneurial ecosystem that fuels American innovation and economic leadership. The VC industry values the deep private-sector experience Secretary Lutnick brings to this pivotal role as he works to uphold America’s position as the global hub for high-growth startups. We look forward to collaborating with Secretary Lutnick to expand opportunities for entrepreneurs nationwide—advancing American chip design and manufacturing, fostering public private partnerships with the agency, and strengthening critical R&D initiatives.” 

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The National Venture Capital Association (NVCA) empowers the next generation of American companies that will fuel the economy of tomorrow. As the voice of the U.S. venture capital and startup community, NVCA advocates for public policy that supports the American entrepreneurial ecosystem. Serving the venture community as the preeminent trade association, NVCA arms the venture community for success, serving as the leading resource for venture capital data, practical education, peer-led initiatives, and networking. For more information about NVCA, please visit www.nvca.org.