For more than a year, I’ve been writing that the U.S. financial ecosystem for venture capital-backed startups is crumbling and placing the U.S economy in jeopardy at a time when countries such as China and India are producing far more sophisticated startups than ever. For so long, it seemed that these concerns fell on deaf ears.
I’m heartened to say that this message, at long last, may finally be getting heard in Congress.
I met last week with a small group of venture capitalists and 8 members of the New Democratic Coalition – members of the House of Representatives–including Joe Crowley (D-N.Y.); Betsy Markey, (D-CO); Jared Polis (D-CO); and Laura Richardson (D-CA)—all of whom have a stated commitment to innovation and entrepreneurship. We met on Silicon Valley’s Sand Hill Road in a meeting organized by Silicon Valley Bank.
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Author: Bob Ackerman