President Obama is expected to sign the JOBS Act shortly. Congratulations to us all! It was passed quickly and with full bipartisan support in an election year. Of the many provisions in the bill, one that the venture capital industry worked very hard on was the IPO On Ramp. Many thanks to Kate Mitchell of Scale Partners for her leadership on this matter.
Because I am frequently asked, let me tell you the story behind the IPO On Ramp? Read the rest of this entry »
I could not have said it better. Thanks, Mark.
By Mark Heesen, NVCAccess 3/22/12
http://nvcaccess.nvca.org/index.php/topics/public-policy/285-senate-passes-jobs-act.html
We are extremely gratified by today’s bipartisan passage (73-26) of the JOBS Act and commend the U.S. Senate for its leadership – particularly Senators Schumer, Toomey, Crapo and Warner — in crafting this legislation and expeditiously moving it forward. The JOBS Act will address a multitude of challenges currently faced by America’s emerging growth companies that are seeking capital to grow, innovate and hire employees. We are optimistic that the House will agree to send the JOBS Act to the President to sign in short order as this will be a significant victory for entrepreneurial companies and the U.S. economy.
Hey, my good friend Pablo Fuentes, CEO of Proven, got a special accolade from the White Housethis week as a Champion of Change.
Check out it. Congratulations, Pablo!
Moving quickly because it makes so much sense for startups and job creation in America, the Senate this week is considering S.1933 which contains provisions of the IPO OnRamp in which the NVCA participated. Please encourage your senator to bring it to a vote! Kate Mitchell of Scale Ventures, former chair of NVCA spearheaded this effort. It is bipartisan and good for everyone. Call/email/write your senator to support this bill this week. I thank Senator Charles Schumer (D-NY) for cosponsoring and supporting this important bill.
