FOR IMMEDIATE RELEASE
July 26, 2021
Contact: Sabrina Fang
Phone: 703-283-2091
Email: sfang@nvca.org
WASHINGTON, DC – After years of advocating for a Startup Visa, the National Venture Capital Association was thrilled to see the introduction of the Let Immigrants Kickstart Employment (LIKE) Act by Congresswoman Zoe Lofgren (D-CA). The legislation would establish a Startup Visa allowing foreign-born entrepreneurs to launch high-growth companies and create jobs in the United States.
FOR IMMEDIATE RELEASE
June 29, 2021
Contact: Sabrina Fang
Phone: 703-283-2091
Email: sfang@nvca.org
WASHINGTON, DC – The National Venture Capital Association (NVCA) advocated for improving returns and capital formation in the initial stages of the startup ecosystem which is the focus of the Developing and Empowering our Aspiring Leaders (DEAL) Act, reintroduced today by Representative Trey Hollingsworth (R-IN). The bill will allow venture capital funds to acquire more shares from founders, angel, and seed stage investors. These early-stage investors will then be able to recycle their gains into the next generation companies. The DEAL Act would also make additional capital available to emerging and under-represented fund managers, and the “seed” companies they invest in.
FOR IMMEDIATE RELEASE
June 21, 2021
Contact: Sabrina Fang
Phone: 703-283-2091
Email: sfang@nvca.org
WASHINGTON, DC – The National Venture Capital Association (NVCA) opposes the Platform Competition and Opportunity Act of 2021 (H.R. 3826), which would bar acquisitions of many venture-backed companies and therefore foreclose a key liquidity pathway for entrepreneurs. Read more
FOR IMMEDIATE RELEASE
June 8, 2021
Contact: Sabrina Fang
Phone: 703-283-2091
Email: sfang@nvca.org
WASHINGTON, DC – National Venture Capital Association (NVCA) President and CEO Bobby Franklin applauded Senate passage of the bipartisan U.S. Innovation and Competition Act, which will renew federal commitment to R&D investment and support technology commercialization and new company formation in regions and communities across the country.
“In an increasingly competitive race for leadership in innovation America must continue to lead the world in emerging ingenuity,” said Franklin. “This bold bipartisan legislation will harness innovation to make our country stronger and create more economic opportunity. The bill’s emphasis on new company formation and growth will encourage the participation of venture capital investors and entrepreneurs to build new companies and put Americans across the country to work in developing the technologies of tomorrow.
“New innovative companies backed by venture capital drive innovation in the modern economy, commercializing new technologies such as mRNA. We look forward to continuing to work with congressional leaders to ensure that new company formation and growth remain a key priority as the bill continues to move through the legislative process.”
Global competition for innovation continues to become more fierce: the share of global VC investment into U.S. companies stood around 51 percent last year, dropping from 83 percent in 2004, when this competition was just beginning to heat up.
NVCA thanks Senators Schumer (D-NY) and Young (R-IN) for recognizing the venture capital industry’s importance in achieving our shared goals of prioritizing the nexus between technological progress and new company formation to advance economic opportunity. We look forward to working with policymakers to move this important legislation through Congress and to the president’s desk.
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About National Venture Capital Association
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.
FOR IMMEDIATE RELEASE
May 10, 2021
Contact: Devin Miller
Phone: 703-300-5232
Email: dmiller@nvca.org
WASHINGTON, DC – The National Venture Capital Association (NVCA) was thrilled today that the Biden Administration announced it will fully launch the International Entrepreneur Rule (IER). NVCA has fought for several years for IER, which works similarly to a Startup Visa, to be fully implemented. Today’s announcement means foreign-born entrepreneurs and their investors can take advantage of IER when building high-growth companies in the U.S.
FOR IMMEDIATE RELEASE
April 29, 2021
Contact: Devin Miller
Phone: 703-300-5232
Email: dmiller@nvca.org
WASHINGTON, DC – TechNet, the national bipartisan network of innovation economy CEOs and senior executives, and the National Venture Capital Association (NVCA), the voice of the U.S. venture capital and startup community, today led a coalition of more than 70 organizations from across the country in a joint letter urging Congress to pass the Endless Frontier Act.
FOR IMMEDIATE RELEASE
April 28, 2021
Contact: Devin Miller
Phone: 703-300-5232
Email: dmiller@nvca.org
WASHINGTON, DC – The National Venture Capital Association (NVCA) was disappointed to see that the American Families Plan, unveiled by the White House today, includes unprecedented tax increases on long-term capital gains. Such a significant increase to capital gains rates will reduce long-term investment and entrepreneurship by making short-term economic activity relatively more attractive.
FOR IMMEDIATE RELEASE
April 21, 2021
Contact: Devin Miller
Phone: 703-300-5232
Email: dmiller@nvca.org
WASHINGTON, DC – The National Venture Capital Association (NVCA) was thrilled to see the reintroduction of the bipartisan Endless Frontier Act by Senators Chuck Schumer (D-NY) and Todd Young (R-IN). The Endless Frontier Act would solidify U.S. leadership in innovation by renewing government commitment to federal basic research investment and offering a range of tools to support the successful transition of technological concepts from a lab into innovative products that can succeed in the marketplace.
FOR IMMEDIATE RELEASE
April 16, 2021
Contact: Devin Miller
Phone: 703-300-5232
Email: dmiller@nvca.org
WASHINGTON, DC – The National Venture Capital Association (NVCA) submitted comments today to the Centers for Medicare & Medicaid Services (CMS) on the delayed effective date of the Medicare Coverage of Innovative Technology (MCIT), a proposed coverage pathway for FDA-designated breakthrough devices. Originally slated to go into effect on March 15, the MCIT pathway seeks to resolve the significant challenges and uncertainties faced during the development of new products and devices, particularly in the earliest stages, and has the potential to bring major improvements to the U.S. healthcare system and encourage greater long-term investment.
FOR IMMEDIATE RELEASE
March 17, 2021
Contact: Devin Miller
Phone: 703-300-5232
Email: dmiller@nvca.org
WASHINGTON, DC – The National Venture Capital Association (NVCA) today released a new report called Immigrant Entrepreneurs Can Drive Economic Growth in the Pandemic Recovery. The report examines how foreign-born entrepreneurs play a key role in the creation of U.S. venture capital-backed startups, how current immigration policy is not working for entrepreneurs, and how a Startup Visa and other policy reforms would significantly increase new company formation, job creation, and the overall economic competitiveness in the U.S.
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