Myopic Views Confuse Investors, Entrepreneurs And Policymakers - Forbes

Misstatements about early-stage investing have been proliferated for far too long.  Unchecked, they take on a life of their own and create confusion that can hurt entrepreneurs and the startup economy. Here’s an example:  a recent article by Forbes contributor Dileep Rao suggesting that Minnesota and other states dump angel tax credits essentially because they don’t have robust Venture Capital communities or billion-dollar entrepreneurs.  While I think well-crafted angel tax credits are effective in increasing angel investment in good companies and there is data to back that up –my purpose here is to address myopic views about venture capital, angel investors, entrepreneurs and unicorns that are much bigger than the tax credit issue.