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.
“Acquisitions contribute to the health of the startup ecosystem by allowing entrepreneurs to realize liquidity,” said NVCA President and CEO Bobby Franklin. “These entrepreneurs often go on to create new companies or invest in others, a dynamic that has supported the vibrant entrepreneurial ecosystem that sets our country apart. If acquisitions are made more difficult it will chill the creation of new high growth companies that produce new American jobs. We urge lawmakers to reject the Platform Competition and Opportunity Act.”
