To Members and Friends of NVCA PDF Print E-mail

Mark Heesen

Written by Mark Heesen   
Dear Friends:

After working for the NVCA for more than two decades and serving as President since 1999, I recently informed the board of directors of my intention to retire as head of the Association. I have planned this departure for some time. And the timing is right in my life, and in the life of NVCA, to begin that transition.

Words cannot express what a privilege it has been to lead and advocate for the venture capital industry for the past 22 years. It has been an incredible ride, one that has seen tremendous progress and change in our industry and in Washington D.C. And personally, I have deposited well over a million frequent flyer points in my account, a milestone that has me looking forward to more time at home with my wife Stacy and my daughters Claudia and Amelia.

The Board has requested, and I have agreed to play an integral role in the search and transition period for a new NVCA president. I plan to continue my presidency until such time as this process is complete. Neither I nor the Board are beholden to an end date and plan to take as much time as needed to select and install a new leader.

I am confident that I will leave NVCA in excellent hands and would like to thank the Board of Directors for their support in my decision. I remain extremely proud of the work that our members and staff do each and every day, and look forward to staying in close touch with you all as we begin the transition process.

Thank you for all that you do.

Last Updated on Thursday, 07 March 2013 08:57




Kamra Testifies on StartUp Visa PDF Print E-mail

Emily Baker

Written by Emily Baker   
This morning Deepak Kamra, general partner of Canaan Partners and past board member of NVCA, testified before the House of Representatives Subcommittee on Immigration Policy and Enforcement in support of a StartUp Visa category for foreign–born entrepreneurs who wish to start their high growth businesses in the United States. Deepak made a knowledgeable witness as before he became a venture capitalist, he himself was an immigrant entrepreneur who had difficulty obtaining a visa in the 1980s. He ultimately was able to come to the U.S. and help start Aspect Communications, a software company that employs approximately 2,000 people today. However, as he shared with Congress, significant difficulties remain for today's company founders who are not born in the United States.

As Deepak explained to the committee, while H-1B visas often help immigrants work for large, established corporations, they are rarely issued to entrepreneurs wishing to start a company. Consequently, individuals seeking to innovate and start their company here have to find other means of establishing temporary or permanent residency in the United States. Many are choosing to start their companies overseas, which is costing the U.S. significant jobs. A StartUp Visa category, with appropriate parameters and monitoring, would send the right message to a vital community that America is open for business.

The committee recognized the need for highly skilled immigration reform and was supportive of measures that would allow immigrant entrepreneurs to start companies here. We hope this bipartisan support will result in legislation this year that not only "allows" these individuals to build companies in the U.S. – but truly welcomes them to do so.

You can read Deepak's full testimony here.





NVCA is Ready to Rock PDF Print E-mail

Emily Mendell

Written by Emily Mendell   

As Jason Mendelson shared today in his blog , a key ingredient of VentureScape 2013 -  NVCA’s  Annual Meeting -  is fun.  And boy did we have fun shooting this video to promote NVCA Live! presented by Silicon Valley Bank.

Watch Now!


That’s Jason as our dreamer, along with by Ray Rothrock of Venrock (and NVCA chairman) and Marc Cadieux of SVB.  These three talented musicians will be performing at NVCA Live! on March 14th at the Great American Music Hall with their bands Legitimate Front, Up and to The Right, and The Exploding Warrants.  The evening will culminate in a private concert by Train lead singer Pat Monahan and his trio.

More information on this party and concert, which also includes outstanding food and open bar courtesy of Merrill Lynch and Cooley, can be found here.

Want tickets?  Sure thing.

If you are an NVCA member, you can purchase them for yourself and all your friends here.

If you are a member of the press, email me (emendell@nvca.org)  as there are a limited number of passes I can offer.

If you are not either of those folks, connect with your favorite NVCA member and ask them to buy you a ticket.  Guests are welcome!!

Advance tickets are required for entry.  They must be purchased separate from VentureScape registration.  No sales will be made at the door.  We are planning to sell out, so get tickets soon.

We are ready to rock.  Hope many of you will join us.





Final FATCA Regulations and Deadlines Issued PDF Print E-mail

John Taylor

Written by John Taylor   

On January 17, 2013, the U.S. Department of the Treasury and U.S. Internal Revenue Service (IRS) issued final Treasury Regulations under the tax provisions commonly referred to as the Foreign Account Tax Compliance Act (FATCA). The full alert from Proskauer can be found here. The mobile version is also available.

There is quite a rubric of rules which could apply to venture firms and funds with any kind of foreign presence or affiliated entity. Member general counsel and CFOs need to be familiar with these new rules which are specified in a 543-page IRS document.

Last Updated on Thursday, 21 February 2013 14:32




NVCA Seeks to Expand Corporate VC Data Collection PDF Print E-mail

Janice Mawson

Written by Janice Mawson   
Last week, the NVCA announced a new data collection initiative with Thomson Reuters, to promote and report the depth and powerful impact of corporate venture capital (CVC) investing.  A recent revamp in Thomson Reuters’s definition of CVC will allow them to capture all CVC investments regardless of syndicate makeup, round sequencing, investing company’s corporate structure, or virtually any deal whether it is strategic or financial in nature.  Historically we have only captured CVC investment if it is part of a syndicate of traditional VC investors.  
However, our success depends on the participation of corporate VC investors.
An invitation for corporations to contribute to Thomson Reuters' surveys can be found here.  We are asking corporations to begin the process by developing or updating their company profile and contact information at Thomson Reuters by connecting with Donald Fleurantin at donald.fleuratin@thomsonreuters.com.
As many know, Thomson Reuters data powers the quarterly MoneyTree Reports and maximum participation will help ensure that CVC deals and data are included to the fullest extent possible.
Thanks to all those who participate and please feel free to contact me at jmawson@nvca.org with any questions.

Last Updated on Tuesday, 19 February 2013 10:11




NVCA Launches BIG:VC Study PDF Print E-mail

Emily Mendell

Written by Emily Mendell   

On Friday, the NVCA, along with our partners at Dow Jones Venture Source, DeSantis Breindel and Rooney & Associates launched a first-time survey called the Brand Influence Guide for Venture Capital or BIG: VC.

The survey was borne from a proposal to NVCA from the NY based branding and PR firms DeSantis Breindel and Rooney & Associates to explore how brand perception is viewed in the venture capital industry.  Does a VC firm’s brand matter?  To founders?  To LPs?  To one another?

This topic is one with which the venture industry has been grappling in the last few years as more and more firms are focusing on building their unique brands to attract investors and strengthen deal flow.  But what really resonates with the audiences so important to our industry?  What brand attributes make a difference? And how does a firm best convey the strengths it chooses to put forth?

It was a series of questions we at NVCA wanted to answer.  We worked closely with some of the best marketing and communications professionals in the venture industry to design the survey and we expect the results to be extremely enlightening.

The survey – which comprises separate questions for VCs, CEOs and LPs - will run through the month of February.  If you are a venture professional, company founder or limited partner in a venture fund and want to take 5 minutes to give us your thoughts on brand perception within the VC industry, please email me at emendell@nvca.org and I will get you the link.  All survey respondents have the option to receive final results.

We hope to hear from you!

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