NVCA Praises House Passage of 21st Century Cures Act

Additional Reform Needed to Support Venture Investment in Medical Innovation

WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement after the House of Representatives passed the 21st Century Cures Act, sponsored by Rep. Fred Upton (R-MI), Chairman of the House Energy and Commerce Committee, and Energy and Commerce Committee Member Rep. Diana DeGette (D-CO).

“On behalf of our nation’s life science investors who since 2006 have collectively invested over $101 billion into 4,494 companies working on cutting edge medical innovation, we applaud passage in the House today of the 21st Century Cures Act,” said Bobby Franklin, President and CEO.  (more…)

Charlotte Savercool Joins NVCA as Director of Government Affairs

WASHINGTON, DC – The National Venture Capital Association (NVCA) today announced the appointment of Charlotte Savercool as Director of Government Affairs effective immediately.  Savercool comes to NVCA from the House Committee on Energy and Commerce where she served as a Professional Staff Member for the Subcommittee on Communications and Technology.

“We are so thrilled to have Charlotte join the NVCA team to assist in our important work to advocate for the venture capital industry and promote the critical role the entrepreneurial ecosystem plays in strengthening the U.S. economy,” said Bobby Franklin, President and CEO of NVCA.  (more…)

NVCA Joins SBA and LinkedIn ONBOARD Initiative

WASHINGTON, DC – The National Venture Capital Association today joined as a supporting partner of the Open Network for Board Diversity (ONBOARD) Initiative.  Spearheaded by the U.S. Small Business Administration and LinkedIn, the goal of the initiative is to increase the number of women and minority members of advisory boards and boards of directors of high growth small businesses, with special emphasis on those businesses supported by Small Business Investment Companies (SBICs).

“NVCA, our members and the companies they support all have a stake in creating a more inclusive entrepreneurial ecosystem and a critical component to those efforts starts with the composition of company boards,” said Bobby Franklin, President and CEO of NVCA.   (more…)

NVCA Applauds International Entrepreneur Rule and Recommends Key Improvements

WASHINGTON, DC – The National Venture Capital Association (NVCA) today provided comments to the Department of Homeland Security (DHS) on the proposed International Entrepreneur Rule, which would allow foreign-born entrepreneurs who meet certain criteria to remain in the U.S. to grow their businesses.

“NVCA has long been a vocal advocate for immigration reform with a specific emphasis on the creation of a new visa category for foreign-born founders who come to the U.S. to start and grow innovative companies,” said Bobby Franklin, President and CEO of NVCA.  (more…)

Venture Investors Deploy $15 Billion to More Than 1,800 Companies in Third Quarter

PitchBook and the National Venture Capital Association release first-ever Venture Monitor

SEATTLE, WA – PitchBook and the National Venture Capital Association (NVCA) today launched the inaugural PitchBook-NVCA Venture Monitor, a brand new quarterly report to serve as the definitive source of information on U.S. venture capital activity in the entrepreneurial ecosystem. According to the Venture Monitor, nearly 2,000 investors deployed close to $15 billion in venture financing to more than 1,800 companies in the entrepreneurial ecosystem during the third quarter. (more…)

NVCA Applauds House Passage of Startup Stock Options Legislation

Bill will help startup employees who receive tax bills for illiquid stock options

WASHINGTON, DC – The National Venture Capital Association (NVCA) issued the following statement today after the U.S. House of Representatives passed H.R. 5719, the Empowering Employees Through Stock Ownership Act.

“Most cash strapped startups dedicate their financial capital to developing and building new products and services, making stock options a critical tool to building strong teams,” said Bobby Franklin, President and CEO of NVCA.  (more…)

PitchBook Named the Official Data Provider of NVCA

WASHINGTON, DC – The National Venture Capital Association (NVCA) today announced the selection of PitchBook, the leading data software provider for professionals in VC, PE and M&A, as its official data provider.  Moving forward, NVCA will report on all venture capital activity using data provided by the PitchBook Platform and will partner with PitchBook to produce the quarterly PitchBook and National Venture Capital Association (NVCA) Venture Monitor, detailing venture capital activity in the entrepreneurial ecosystem.  The selection of PitchBook as NVCA’s new data provider ends a lengthy review of NVCA’s current data capabilities and competitive selection process of a long-term data provider to support NVCA’s advocacy initiatives and commitment to providing best in class services to its members.

“We couldn’t be more excited to team up with PitchBook to start a new chapter for NVCA and our data reporting capabilities, opening up a whole new world of possibilities for us as an organization as well as for our members,” said Bobby Franklin, President and CEO of NVCA.  (more…)

House Bill to Defer Tax Liability on Startup Stock Options Will Strengthen Entrepreneurial Ecosystem

WASHINGTON, DC – The National Venture Capital Association (NVCA) issued the following statement today after the House Ways and Means Committee passed H.R. 5719, the Empowering Employees through Stock Ownership Act.

“Bipartisan approval by the Ways and Means Committee of this important bill is welcome news for the entrepreneurial ecosystem and startup employees across the country who are unfairly penalized with tax liabilities on vested stock but no liquid market to sell those shares to meet their tax obligations,” said Bobby Franklin, President and CEO of NVCA.  (more…)

NVCA Applauds Proposed Rule to Allow Foreign-Born Entrepreneurs to Build Companies in the U.S.

WASHINGTON, DC – The National Venture Capital Association (NVCA) issued the following statement today after the Obama Administration announced a proposed rule by the Department of Homeland Security (DHS) to allow foreign-born entrepreneurs who meet certain criteria to remain in the U.S. to grow their businesses.  The proposed International Entrepreneur Rule is part of President Obama’s executive order on immigration first announced in November 2014.

“Today’s announcement is welcome news for the entrepreneurial ecosystem and we applaud the Obama Administration for keeping its foot on the gas of this important issue.  Immigration reform has long been a focus of NVCA and we are glad to see our priorities on the issue woven into this proposal,” said Bobby Franklin, President and CEO of NVCA.  (more…)

Clinton’s Proposed Elimination to Carried Interest Misguided

WASHINGTON, DC – The National Venture Capital Association (NVCA) today issued the following statement after Democratic presidential candidate Hillary Clinton called for the elimination of the current tax treatment of carried interest during a speech in Detroit.

“In an election season driven by a strong undercurrent of populism, it’s unfortunate to see Hillary Clinton take this misguided position based more on politics of the moment than on sound economic policy.  Changing the tax treatment of carried interest for venture capitalists runs counter to other parts of her own economic plan as well as the urgings of many economists who argue that America should encourage long term investment, not stifle it,” said Bobby Franklin, President and CEO of NVCA. (more…)