Venture Capital Fund Performance Continues to Strengthen Amid Growth Prospects and Exit Market

Venture Capital Outperformed DJIA, NASDAQ Composite and S&P 500 in Q1 2014

Arlington, VA, July 31, 2014 – Venture capital fund performance continued to make gains across most time horizons as of March 31, 2014, according to the National Venture Capital Association’s (NVCA) performance benchmark, the Cambridge Associates LLC U.S Venture Capital Index®. Despite returns being down on a quarter over quarter basis, the 1-, 5-, 10- and 20-year horizons all showed higher returns compared to the previous quarter. The 15-year horizon was down and the 3-year horizon was unchanged. Compared to other benchmarks, venture capital outperformed the DJIA, NASDAQ Composite and the S&P 500 during Q1 2014. In addition, venture capital outperformed the other leading benchmarks during the 1-, 3-, 10-, 15- and 20-year time horizons. However, during the 5-year time horizon, the DJIA, NASDAQ Composite and the S&P 500 all outperformed venture capital. (more…)

NVCA Supports Legislation to Increase Access to Capital for Women Entrepreneurs

ARLINGTON, VA – The National Venture Capital Association (NVCA) today offered its support for the Women’s Small Business Ownership Act of 2014. Introduced today by Senator Maria Cantwell (D-WA), the bill focuses on promoting women-owned small businesses through small business counseling, federal contracting opportunities and greater access to capital. (more…)

NVCA Taps Justin Field as Vice President of Federal Policy

ARLINGTON, VA – The National Venture Capital Association (NVCA) today announced the appointment of Justin Field as Vice President of Federal Policy effective September 2, 2014. Field comes to NVCA from the office of United States Senator Robert Menendez (D-NJ), where he was a Legislative Assistant responsible for tax issues and the senator’s work on the Senate Finance Committee. (more…)

Venture Capital Investing Reaches Highest Level Since Q4 2000 with $13.0 Billion Invested During Q2 2014, According to the Moneytree Report

Software Continues to Dominate VC Investing MoneyTree Reports Largest Ever Quarterly Investment of $1.2 billion in Q2

WASHINGTON, July 18, 2014 – Venture capitalists invested $13.0 billion in 1,114 deals in the second quarter of 2014, according to the MoneyTree™ Report from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters. Quarterly venture capital (VC) investment activity rose 34 percent in terms of dollars and 13 percent in the number of deals, compared to the first quarter when $9.7 billion was invested in 985 deals. The total dollars invested in Q2 2014 marks the largest quarterly investment total since $13.1 billion was invested in Q1 2001. VC investments for the first half of 2014 reached $22.7 billion, the highest first half total since 2001. (more…)

NVCA Raises Concerns Related to FCC Rulemaking on Net Neutrality

Fast lanes would advantage larger companies at the expense of startup ecosystem

ARLINGTON, VA – The National Venture Capital Association (NVCA) today filed a comment letter with the Federal Communications Commission (FCC) on the issue of net neutrality, raising concerns related to proposed rulemaking that would codify the concept of paid prioritization and the creation of “fast lanes” on the Internet. (more…)

NVCA Welcomes Passage of TROL Act by Energy and Commerce Subcommittee

Bill strikes right balance of preventing bad behavior while protecting patent holders

ARLINGTON, VA – The National Venture Capital Association (NVCA) issued the following statement today after the House Energy and Commerce Subcommittee on Commerce, Manufacturing, and Trade passed the Targeting Rogue and Opaque Letters (TROL) Act of 2014. (more…)

Number Of Venture Capital Funds That Raised Capital Hits Seven-Year High In Second Quarter

U.S. Firms Raise Nearly $7.5 Billion

New York, July 9, 2014 – U.S. venture capital firms raised $7.4 billion in new commitments from 78 funds during the second quarter of 2014, a 24 percent increase compared to the number of funds raised during the first quarter of 2014 and a 19 percent decline by dollar commitments, according to Thomson Reuters and the National Venture Capital Association (NVCA). The number of funds raised during the second quarter of 2014 increased 42 percent compared to the second quarter of last year and marks the strongest quarter for venture capital fundraising, by number of funds, since the fourth quarter of 2007 when 83 funds were raised for venture capital investments. (more…)

NVCA Applauds SEC for Developing Pilot Program for Wider Tick Sizes

Provides small companies with another tool to raise capital in the public markets

ARLINGTON, VA – The National Venture Capital Association (NVCA) today applauded the U.S. Securities and Exchange Commission (SEC) after the regulatory agency unveiled plans to implement a one-year pilot program to trade small- and medium-sized stocks in five-cent increments on U.S. stock exchanges. (more…)

Provisions in Appropriations Bill to Improve FDA’s SPA Program Draw Support from Venture Capital Industry

ARLINGTON, VA – The National Venture Capital Association (NVCA) today endorsed language in the FY 2015 House Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations bill directing the Food and Drug Administration (FDA) to make improvements to the Special Protocol Assessment (SPA) process.

In a letter to the leadership of the House Energy and Commerce Committee, Bobby Franklin, NVCA President and CEO, expressed support for provisions in the appropriations bill that directs the FDA to treat drug sponsors fairly and abide by congressional standards for rescinding SPA agreements.  Franklin also endorsed the Appropriations Committee’s direction to require FDA to revise and reissue its existing guidance concerning SPA agreements in order to clarify the agency’s interpretation of the statutory standard governing the treatment of such agreements. (more…)