WASHINGTON, D.C. -- The U.S. Treasury assembled investors, bankers and entrepreneurs Tuesday for talks on how to provide small companies in high-growth sectors with greater access to capital.
With unemployment still elevated at 8.9 percent, the Obama administration is taking a fresh look at the hurdles U.S. entrepreneurs face in launching and expanding smalll companies, which the government says have generated two-thirds of new jobs over the past 15 years.
Eager to pave the way for the next Google or Groupon, a 2-year-old Chicago-based startup reportedly valued at $25 billion, Treasury organized yesterday's conference to address constraints on startup financing.
As regulatory costs have soared, investors said that startups could no longer rely on an IPO for growth capital, leading even cash-generating titans like Facebook to attract investors through private markets.
To read the full, original article click on this link: Timothy Geithner: Small Companies Need Better Access To Cash
Author: Nathaniel Cahners Hindman
