Podcasts about nvca

FinTech and Digital Assets Panel - at 361Firm's NY Tech Summit Feb. 25, 2025SUMMARY KEYWORDSFinTech, digital assets, blockchain, stable coins, tokenization, payments, regulatory policy, venture capital, AI, decentralized finance, financial infrastructure, crypto winter, institutional investors, innovation, emerging markets.SPEAKERSMark Sanor, Brian Neirby, Speaker 6, Bill Deuchler, Ben Narasin, Rich Sobel, Speaker 4, Margaret Butler of BakerHostetler, Stephen Burke, Speaker 2, Will Wolf Mark Sanor  00:00But we're very I'll come see in a second. We're very lucky to be here. Baker, host, teller, I once practiced law in Cleveland, Ohio. Baker, we love Cleveland, and that's Baker's head quarters, and we are here at their home. And I'd like Margaret to say a few words. Margaret Butler of BakerHostetler  00:21Mark, thank you so much. Thank you. Thank you. It's really a very few words, because all I want to say is thank you to Olga. I hope she's here for connecting me with Mark. And thank you, Mark, for bringing all these amazing people here. I have had such an amazing day listening to all of you, and I Well, thank you. I love all of you. I'm Margaret Butler. I am the head of the financial services industry team here at Baker, Hostetler. And so I want to thank my team, definitely. Joe Matteo, who's been putting everything together, Cynthia, Kevin e who is here, my Managing Partner, George Sam bollitus, who was also around for making this possible for all of us and for me. Because, like I said, I really just enjoy this so much. Thank you all for being here and get to the good stuff. I don't know if you need this one. I 01:18don't know how he has it set up, probably. So 01:22thank you for having us, Bill Deuchler  01:27I guess so. So this is Mark style. He just leaves the room and lets the panelists take over. Okay, so we can go ahead and do introductions when you talking about digital assets and fin tech and well, no, hey, I'm buying you time. Mark Sanor  01:47Get mark out of the way. 01:51Go ahead. Okay, Mark Sanor  01:55that was your 2024, go ahead. Sorry. Go right. Bill Deuchler  01:59So I'll introduce myself, and then hand the mic over to my colleagues up here. For those of you who don't know me, I'm Bill D clear. Currently, I serve as trustee for our municipal police pension fund. I've been on the board there for eight years. We have more of a traditional portfolio, but more recently, we've we have an active conversation, and actually an allocation for private equity that we've yet to fund, private credit, which has been funded and specialty real estate, which is another asset class. Previously, I was CIO for two two family offices, and have been around the institutional world quite a bit, and also currently advise a venture capital fund in the fin tech and AI space that has some very interesting characteristics, and I'll talk a little bit about that generally, as far as what an allocator looks for. But I will hand the mic over to my esteemed friend and colleague, Rich Sobel, Rich Sobel  02:55thanks. It's nice to be here. Nice to see everybody I am kind of wearing multiple hats. The hat that brings me up here is I'm a founder partner in a $50 million early stage fund that invests in blockchain and web three fin tech fund was set up three years ago, four years ago, I knew relatively little about this, and it's been a tough couple of years in the digital asset space. We went through what some people would call crypto winter. That's over, and I think we're coming into a period that could arguably be called a tipping point, kind of a renaissance, in the penetration of these technologies and tools and business models that are going to disrupt major markets, and we'll talk a little bit more about that catalyst. One of the catalysts is the change in regulatory policy. I'm sure we'll talk a little bit about that. So I'm quite excited about the changes that come but it's clearly a risky area. So it's not some place you put the majority of your of your assets, but it's something that I'm quite excited about, and I'm happy to share my perspectives. Will Wolf  04:18Yeah, thanks. Thanks everyone for being here and for having me. I This is me and my partner, Vanessa's first time here. My name is Will. I'm a managing partner and co founder of arc capital, which is an early stage Digital Asset Fund we just got off the ground last year, and I met Mark, I think, last week or two weeks ago, and we joined and so this is our first time here. So Thanks for welcoming us. We we are basically inter I am also a fin tech co founder. Back in 2012 I co founded a company in the fin tech space. We went through Y Combinator and ended up getting acquired into Airbnb, and I manage some of their back end payments infrastructure. So I know a bit about the the payment rails, Rails, at least in the West, and sort of the fin tech ecosystem. Them, but we're very excited at arch capital to be investing in what we think is the future of financial infrastructure globally, which is web three, and what's being built there, all Mark Sanor  05:11right, this is what happens when I don't lead off. So this is good. It's good. But what I want are insights. What are you seeing that we don't know? Or what scares or excites, hopefully both. Rich Sobel  05:25I know in some of the areas that we're focused, there's tremendous change going on under the surface that's starting to come out of the ground. And one of those areas is payments, and payments using Blockchain and stable coins, is a 1,000% improvement on the old, incumbent way of making payments. It's particularly impactful when payments are going across border to emerging markets, which is reducing, or, in fact, sometimes eliminating, the volatility and risk in emerging markets currencies, which is making the world closer, so incumbents are being disrupted, and we're invested in a company I spoke about, I think, back in December, that is making remittances to Africa, and they're using the data on the chain to help those people who are making payments improve their credit scores, which opens up all kinds of new financial products to the UN banked folks right here in America. And so there are growing number of companies that are doing that. Some of the incumbents, like Visa and others, are coming around and looking to partner in this space. And the second area I'll mention, and then I'll leave, there's many areas, so I'm clearly leaving some out of respect for my esteemed colleagues. Here is tokenization of assets. So there is a better model for holding and trading securities, funds and real assets, and the tokenization model now works, and so it's been held up by the US SEC and the litigation and impediments that they had established. But those litigations, last week, they dropped the litigation against coin base, which is really like the red light, and they're also changing policy. So there's an executive order going on that Trump signed in his first week. Within 180 days, he expects a whole new set of policies to be proposed, and that's going to make major financial institutions see a green light to move more actively into this space, on bringing assets on chain, democratizing access, improving liquidity. I mean, it's like the frog in the frying pan that if you know people don't see it on a day to day, week to week, basis, but I assure you that within five years, there's going to be dramatic changes. And this year, 2024 there was one and a half billion, one and a half trillion, of tokenized assets. Conservative estimates put it at 16 trillion by 2030 so it's really going to change the way we deal with financial assets, and eventually all assets. I Mark Sanor  08:10like everything. Just didn't quite understand the frog and the frying plan. You don't see it 08:15on a day to day basis, the frog in the well, you're not from Will Wolf  08:17Ohio, the boiling pot of water. Yeah, there you go. No, I agree with that completely. I think, I definitely do think that stable coins in this ecosystem, people sort of outside the ecosystem, don't appreciate maybe what's going on there. You know, we're very close with the teams at both Master Card and visa that have very intelligent blockchain web, three teams building very interesting things. A lot of people don't know. Visa has been settling actual, real payments on both Ethereum and Solana for almost two years, and they're growing that volume, and they, you know, that gets you to on Solana, 400 millisecond settlement times on global payments for visa. So that's pretty powerful for them, and that this is stuff that's really happening. And I also think in terms of the new administration in the US, I think they may not fully understand this yet, but I think the stable coin market right now, the is a couple 100 billion dollars, but the rate that it's been growing is, I mean, I think a couple years ago it was 10s of billions or less. And this is a new source of global demand for dollars, which is important with what's going on in sort of our treasury markets right now. You know, circle whole, which is one of the stable coin providers, holds 100 $50 billion of treasuries. And if that gets to a trillion or 2 trillion, that makes them pretty important. And people all over the world want dollar stable coins instead of their African currency or their South East Asian currency, and they can get it because it's just, you just need an internet connection. And so I think this is very powerful for the dollar, for the US system. I think the administration is going to realize that. And I think even broader, what the technology means is, over time, getting rid of middle men everywhere, globally in the financial system. I. Them because we don't need them anymore, and so this is going to take multiple decades, but I think that's the inevitable end game. Bill Deuchler  10:10One of the central themes, from an allocator standpoint, is investing in innovation. And you know, both ourselves and some of my colleagues from a much larger pension system were quite interested. You know, back actually around 18 or so in the blockchain space. Back then, it was much more nascent. Not much was going on, except people knew that Bitcoin was used by drug dealers and other nefarious schemes. But none the less, the idea of investing in innovation and seeing the kind of radical transformation to fundamental systems, to our economy was, was the attraction. And I think that things somewhat got put on pause with the FTX debacle and the crypto winter, but now things have matured considerably. And so you see, you know, the tremendous growth of the stable coin market and the ability to transact much more efficiently there, it's a great opportunity to participate in something that it's truly going to change the fundamental systems of how we interact. And I think also from an investor standpoint, both on the fin tech side, as well as the blockchain side, you can see various companies that have good ideas and who can master the go to market exercise. Well, all of a sudden, at very, very early stages of their growth, they are actually revenue positive. And if you can find companies that are revenue positive, and you can still get in at the seed and pre seed stage, that is a tremendous advantage, because then you can track them in a way that you can't track companies that are still pre revenue and and that's the whole venture capital exercise is either an exercise in the law of large numbers or just spray and pray, which is how it turns out. And there are very few who do it, but I think that this space facilitates a much more disciplined way to attack venture capital. And again, as an allocator, I've seen just two firms who have been able to master that. One is a master at understanding the law of large numbers and how to put the statistics in your favor. The other one goes after these types of companies, as I say, that are revenue producing and being able to act more like incubators or not. So I think that that again, you know, for an allocator perspective, the idea to be able to participate in significant innovation and then also seeing unique circumstances of the individual companies that you can then use to your advantage and build out your portfolios in a more robust way. There's two really great opportunities associated with this space, Rich Sobel  13:02I think it's probably clear to everybody here, but you know, what we do is not pure and simple crypto, and what we're doing is not trading currencies and trading staking or tokens on the secondary market. That's a different business. There are people who are good at it. We don't think that that's nearly as compelling as investing in companies and protocols that are building applications and tools that leverage the infrastructure that's been built. And so those are what we're looking at. Are more application, asset, light businesses that don't require a lot of money until until you figure out if it's going to work. So the risk return on those types of venture early stage investments is much more interesting. Again, I'm not speaking just for us, but I'm speaking for a class of investors. There are relatively few early stage GPS doing this, and most of them don't have a three fund track record. So it's an emerging market. I spent 20 plus years of my life working in another emerging market. That's how I ended up here. I have kind of an appetite for risk and comfort working in new environments where the model is you really have to underwrite the people and understand their business model. If they can't succinctly tell you what their business model they probably haven't figured it out yet, and they might, but it's a much higher risk. So we're investing in what I call my partners. Don't really like this, but because I'm kind of an older guy in this team, I call it the App Store for web three. So you're basically thinking about the phone comes out, the infrastructure is in place. Now you want the tools that solve real problems, and those are coming. And just to put a little icing on the cake, if you look at the NVCA data in 2021 a lot of money was raised. It was a. Hyped market, and in the last couple of years, relatively little capital has been raised for what they broadly call crypto and digital asset venture. So on top of all the other things that have been putting pressure on companies and funds, the lack of new capital flowing in creates a very interesting dynamic for capital that becomes available. So I fundamentally think there's a combination of reasons going to make it quite interesting. But as Tim Draper said to a group here, when people say, How's it going with your early stage deals? He said it's like raising kids. It's going to take a long time till you really know. But we're proud about the way things are going. We like talking about the portfolio. That's the way of giving people a tangible idea about the kinds of things that are coming out of the ground that will change our lives and our kids lives before you really know it. Will Wolf  15:54Yeah, I like that last part you talked about. One of the things we think about is, or a phrase I like to use is, every fin tech startup today is a crypto company. Some of them just don't know it yet, because I think that is what the new features that we'll be able to push the envelope and provide new functionality are going to be built on, like we've already got the stripes, and these guys that have, like, milked everything out of the current like legacy financial system with t plus one settlement and stuff like that. And so to push the envelope, I think they're going to have to offer crypto services underneath. And that's what I'm excited about, is to see, you know, PayPal now is another example. They have their own stable coin, and they're trying to integrate more utility into their consumer app, which I think is a little more interesting than, like the visa Master Card stuff, because they're not really targeting consumers, but we're seeing it with PayPal. Stripe, you know, I mentioned earlier, just did a billion dollar cash acquisition of a stable Coin Company, and stripe is arguably the, you know, the expert of the traditional credit card and payment rails, and they understood the value of this new ecosystem that they were willing to pay up for it. So I think that speaks a lot. But I think we're going to see a lot of even just traditional fin techs offering new products that wouldn't be possible without crypto rails, and I don't think a lot of their users are going to need to know or care that they're using stable coins or blockchains underneath. It will just be transparent, and we'll be able to do much more than we can today. Mark Sanor  17:13So questions to this group as we talked about fin tech 2019 we were in Detroit, and the guy runs a swimming school, and he said, even swimming school, everybody's a fin tech company, because, yeah, you interact with a customer. So I guess there's so by definition, every company is a crypto company. Potentially. Vince got a question. It's Ben Narasin  17:41going to push back a little, I think, stable coins and powering and amazing things. Basically, it's an alternative rail with no real cost associated, compared to the existing stuff and remittances. But I've always bridled at the term web three. The web changed everything for everybody. I'd love any of you didn't tell me anything that web three has changed in a material way. There's speculative currencies, there's meme coins, also speculative. There's an enormous amount of speculative products. Stable coin, though, to me, feels like a totally separate thing, and fractionalized ownership of assets is interesting, but I could just as easily do that in Oracle server. You have to trust me, if you're going to buy a 16 of the Mona Lisa from me. So I'm still questing for I did one blockchain related investment in 2014 I've never done any sense. I just can't find the the there. There other than stable coin transfers. Mark Sanor  18:36I love it when we don't all agree. Rich Sobel  18:39First of all, since 2017 the kind of power of the technology of blockchain has improved about 1,000% so the things that you could do in 2014 is kind of very, very insignificant compared to what the technology can do today. Second of all is, everybody talks about this boom on AI and how great AI is, and how much capital is flowing in, how many new businesses are having an AI component to them. But for AI to really work, you need to have smart contracts and blockchain based tools to help these agents interact with each other, for agents to make payments to each other for these automatic things to work. Software driven by blockchain is a key determinant to a big part of its pulling it along. And actually, interestingly, William and Vanessa and my partners and I are invested in a company together, nap the AI, that sort of services that space social is another one of the spaces that is allowing decentralized use of content and information to give users more control and allow users to essentially retain more of the economic value. So in. Say 10 years models like Facebook will not be monopolizing, that those tools will be decentralized. So it's 20:09been 1,000% better since 2017 we're 10 years past that. Again, eight. Only where? Rich Sobel  20:17Okay, okay, listen, in the United States. I'm sorry, in the United States, the regulatory policy has been so hostile that they have essentially litigated and driven money and entrepreneurship away from this. So I think we're when you build a building, first you go down, and then it comes out of the ground. When you have a plant, first it goes down, you build the infrastructure, and then it comes out of the ground. So if we meet in a year or three, I think you'll be buying me lunch. Will Wolf  20:47So first off, I think it's a very good, good criticism. Oh, can I answer this one? Yeah, I think, I think it's a good criticism that that we get a lot, I think from a Western centric view, I think it's, it's fairly valid. Because I think, you know, for all the bad things I said earlier. Our financial systems work, you know, but I think there are those in, say, Venezuela or almost any African country, where they are just devouring stable coins us, dollar denominated stable coins, because their currencies are devaluing by 15% to the dollar, they can hold a stable coin just on their phone with internet connection, the government can't stop them from doing it, and they can get 8% yield in US dollar terms, while their currency goes down 15% a year. And that's literally saving people's lives. For a more anecdotal example, you know, there have been people. There was one, one girl, specifically that I know, did an interview, and she was able to escape Afghanistan with her family's wealth because she put it into Bitcoin and wrote down her 12 seed words where, you know, they couldn't find it when she left. So she could actually bring her wealth and, like, have a family somewhere else. So I think these things are happening, and it's, it's not Western centric, mainly the stable coin, which is that one was Bitcoin with the Afghanistan girl, but, yeah, sort Ben Narasin  21:59of like Charlie Munger argument the dollar is freely available all over the world, and there are many ways to hold it, but this is a pH I do like stable coin, as I led with, yeah, I think that's rational. I don't I think the dollar is not available 22:13to Speaker 6  22:16Zimbabwe. And my thing is, I'm with him to where I'm going to push back as well, especially on the decentralization aspect of it, because you have large institutional players who are who see it as a threat to their to existing business models, right, and are innovating in that space in order to maintain some type of central control over what happens in this area. So I'm kind of also hesitant on saying, oh, that's going to decentralize everything, and you're going to completely eliminate middle men. I think they're just going to transform into something where they have some some grasp over the transactions. Will Wolf  23:01I also think it's a valid point. I don't know specifically, if you're talking about banks, Mark Sanor  23:05can you disagree with somebody not joking? Will Wolf  23:07Well, that doesn't that doesn't mean that I agree with it. I think it's a valid point. It's true. That's true. But I think, you know, part of me, I like that, maybe the Trojan horse analogy. But if you've been following, like with the new administration, a bunch has come out. I don't know if you've heard the term operation choke point 2.0 you know, we had silver gate bank go under, and it's become clear, and basically factual, that it didn't really fail. The Fed forced them to shut down by stopping them from doing crypto business. And I think we've seen now that there are over 47 banks in the last two years in the US that wanted to offer crypto products proactively, but the FDIC, and the FDIC shut them down and didn't let them do that. So I think to say that they don't want these things, you know, I think maybe some of them don't understand that it may ultimately destroy their businesses very far down the road. And maybe I'm wrong and they won't. So that's where I get the Trojan horse example. But I think a lot of these businesses want to offer these, whether it's a Bitcoin product or a stable coin product, to their customers getting involved, because there is Speaker 6  24:06a risk to the existing Speaker 4  24:10business model, right? So they're hedging Exactly. So that kind of makes my Brian Neirby  24:13point slightly different, pivot on the conversation. So we have what the state of Utah, Wisconsin, I know there's another one in there that's Louisiana, or this their treasury secretaries, you know, backing a crypto reserve, right? So those are three. We know that Don Junior loves crypto. We know that senior loves crypto. We know that Bobby loves crypto. So we have some tail winds coming out of this new administration. You. So I'm a nerd. I love the blockchain from a tech standpoint, I love the utilization and elasticity of Bitcoin. In particular, I believe all roads lead to Bitcoin. You walk around Istanbul, you see i. Are tickers everywhere of what's happening within all the coins. What's it going to take for the US to get to that point? Bill Deuchler  25:12You raise an excellent point, because since, since we are the world reserve currency, and because our economy, arguably, is the most robust in the world. A lot of the advantages of digital don't aren't readily apparent to us, but I think it's, as will has pointed out, if you're at all outside the US, if you are definitely in in a third world country, the advantage of the decentralized currency is huge. It is the litter, literally, night and day. And so I, I hate to say that it would be a crisis that would cause that, you know, to all of a sudden the light bulb go on. But it could very well be, but we're in a very enviable situation. I think the opportunity for the US is to be able to take advantage of all the features that digital offers and be able to build it into the system. The one thing that I'll say, that I've been saying for a real long time, is that one does have to be careful about Central Bank digital currencies, because digital currencies are programmable money, and if a central bank issues it, number one, it's tied to the monetary policy of that central bank and the state authority that oversees it. The other thing is that they can, for better or for worse, direct or Yeah, or imp, thank you. How the currency is used, and it is so easy. You know, everybody says, oh, micro monetary policy. Wouldn't that be just terrific, because then we can target like certain areas of the economy where it needs to be spent, things like that. Think about your bank account. All of a sudden you have digital currency in there. The next morning, you wake up and you don't so digital central bank digital currencies, will compromise freedom. They will compromise privacy in ways that we have no idea other than that. So I think kind of that's great. It's the decentralization aspect of it that is so critical for a real successful Mark Sanor  27:21so look, before you know, it's 330 just Stephen Burke  27:23on that bill. Isn't the bank financial settlements pushing for such beneficial currencies? Yeah, Speaker 2  27:33yeah. Certainly the the operational characteristics you know, are good, but one Mark Sanor  27:38so every, every quarter we revisit this subject. So it's time to revisit it. I Will Wolf  27:44think, I think they are and I think they will happen elsewhere. I think they're very unlikely to happen in the United States, at the Federal Reserve. Because what people usually mean, I think, by a central bank digital currency is the retail, the end user, you and I would have accounts directly at the Fed on this system. It would get rid of the banks entirely, like JP Morgan Chase would be gone, right? Like, we don't need them anymore. You would just have accounts directly with the Fed, because, because, other than that, the dollar is a central bank digital currency already. I mean, 98% of the dollars are digital. They just have to flow through the retail bank. But only the only the banks can have accounts with the Fed, not you or I, and so the banks own the Fed, so they're not going to let the Fed do a central bank digital currency, because they don't want to kill themselves. So that's that's my take. Mark Sanor  28:28Okay, so there will be a break out soon, and you can hammer this these questions, and we'll come back and have a de brief, and we'll have a I'll be here again, but let's thank this panel for kicking off the fin tech, digital. Now I'm joined our 361 firm community of investors and thought leaders. We have a lot of events created by the community as we collaborate on investments and philanthropic interests. Join us. You. You can subscribe to various 361 events and content at https://361firm.com/subs. For reference: Web: www.361firm.com/homeOnboard as Investor: https://361.pub/shortdiagOnboard Deals 361: www.361firm.com/onbOnboard as Banker: www.361firm.com/bankersEvents: www.361firm.com/eventsContent: www.youtube.com/361firmWeekly Digests: www.361firm.com/digest

In this episode, Jeff breaks down the current state of Arizona high school basketball, diving into the latest rankings, standout teams, and exciting matchups for the week

The state of venture capital appears to be rocky at the moment.  A report from PitchBook Data and the National Venture Capital Association highlights potential weakness ahead in the venture industry. The Pitchbook/NVCA Venture Monitor First Look report showed fewer active investors and high deal counts but repeat investing.  What does that mean for the Bay Area?  Sand Hill Road Host Scott McGrew spoke with Kyle Stanford, the Lead venture capital Analyst at PitchBook, to learn more about the report and its local impacts.Sand Hill Road is hosted by Scott McGrew and produced and edited by Andrew Mendez. Sara Bueno manages NBC Bay Area's digital platforms. Stephanie Adrouny is the station's news director. If you'd like to get in touch, email us at sandhillroad@nbcuni.com or on any social media platform at @nbcbayarea.

#ThrowbackThursday This week on Finding PROOF, we're revisiting our earlier conversation with NVCA and Bobby Franklin. While this conversation originally aired just over a year ago, with the election approaching, it's a timely reminder of the vital role lobbyists play—and how fortunate the venture capital ecosystem is to have such a strong, passionate advocate for the innovation economy in Washington. NVCA has played an invaluable role in VC wins, such as securing block grant funding for entrepreneurial ecosystems through the State Small Business Credit Initiative (SSBCI), supporting tech-driven initiatives in the Bipartisan Infrastructure Law, and advancing the CHIPS and Science Act, which originated as the Endless Frontier Act—a generational investment in technology and entrepreneurship across the country.

In this episode of the Arizona Small Ball Podcast, Jeff and Reyes discuss the recent matchups in Arizona high school basketball. They highlight the North Valley vs. Babo game, where North Valley showed composure and leadership to secure a win. They also discuss the Glendale Prep vs. PCD game, where Glendale Prep's defense played a crucial role in their victory. The episode concludes with a discussion on Snowflake's game-winning shot and their placement in the East division. In this part of the conversation, the hosts discuss the dominance of Yuma Catholic and Valley Christian's win over ALA Ironwood. They also review the matchups of the week, including Northwest Christian vs. Gilbert Christian, Ray vs. Desert Christian, Thatcher vs. Safford, Glendale Prep vs. Phoenix Christian, Chinle vs. Page, and Morenci vs. Pima. In this episode, Reyes and Jeff discuss two upcoming high school basketball matchups: Highland Prep vs. Santan Charter and Valley Christian vs. Gilbert Christian. They share their predictions and score spreads for each game.Takeaways Highland Prep and Santan Charter are expected to have an exciting and competitive game. Valley Christian is favored to win against Gilbert Christian, but the rivalry factor could make the game interesting. The history and rivalry between teams can sometimes play a significant role in the outcome of a game. Chapters 00:00Introduction and Arizona Small Ball Podcast 01:18Missed Matchup of the Week 03:34North Valley vs. Babo 08:57Devin Anton's Impact 12:33North Valley's Composure 16:39Lincoln Prep vs. Cicero Prep 19:26Glendale Prep vs. PCD 22:27Glendale Prep Trending Upwards 28:42Snowflake's Game-Winning Shot 30:23Snowflake's Placement in the East 31:41Yuma Catholic's Dominance 37:55Valley Christian's Win Over ALA Ironwood 43:52Matchups of the Week 56:12Northwest Christian vs. Gilbert Christian 58:46Ray vs. Desert Christian 59:23Thatcher vs. Safford 01:00:06Glendale Prep vs. Phoenix Christian 01:00:42Chinle vs. Page 01:00:58Gilbert Christian vs. Northwest Christian 01:02:01Morenci vs. Pima 01:02:02Valley Christian vs. Gilbert Christian --- Support this podcast: https://podcasters.spotify.com/pod/show/azsmallball/support

In this episode we break down San Tan charter v Gilbert Christian. San Tan looks like a bunch of different styles of play all mixed together in one. We also breakdown NVCA v Rancho, and react to scores being posted late on Friday night. We also build our toughest environment/scenario to play in. (Thanks to Coach Timmer!!). Don't Miss out! --- Support this podcast: https://podcasters.spotify.com/pod/show/azsmallball/support

Host Gary J. Ross talks with Robert Gunderson, the founding partner of Gunderson Dettmer and a top-tier venture capital lawyer for over 40 years. Gary and Bob discuss Bob's experience at the start of venture capital law and its evolution over time, including the impact of new regulatory requirements and the NVCA model forms, as well as changes in the IPO market and the importance and growth of the private markets. Gary and Bob also touch on the basic structure of venture capital funds and the value of private versus public boards in connection with fiduciary duties.

Finding PROOF is now on video! We are so thrilled to kick off this next phase of our podcast with none other than Bobby Franklin, the President and CEO of the National Venture Capital Association (NVCA).  In this episode, Jenny and Thanasis speak with Bobby about NVCA's recent SEC Lawsuit, what life is like as a lobbyist for the entrepreneurial ecosystem, and what he thinks the future holds for VCs.Watch on YouTube  

Charles Hudson is the Managing Partner at Precursor Ventures, a classic seed-stage investment firm focusing on B2B software applications, B2C software and services, and connected hardware. Charles also serves as the Board Chair at the National Venture Capital Association and is a lecturer at the Stanford University Graduate School of Business. Before launching Precursor, Charles was a Partner at SoftTech VC, one of the most active seed stage investors in Internet and mobile startups. He was also the Co-Founder and CEO of Bionic Panda Games, an Android-focused mobile games startup. He spent several years working at In-Q-Tel, the strategic venture capital group for the Central Intelligence Agency. You can learn more about: 1. How to start a VC fund 2. How to craft a compelling pitch to LPs and cultivate an influential investor network 3. How to create a unique fund strategy    ===================== YouTube: @GraceGongCEO Newsletter: @SmartVenture LinkedIn: @GraceGong TikTok: @GraceGongCEO IG: @GraceGongCEO Twitter: @GraceGongGG =====================

In this episode we break down the matchup between NVCA and San Tan charter. We talk about each team and make a case for a title, and a case against a title run. I am 100% on the San Tan Charter train, but Reyes is 85% on Board. We are both 100% on board with NVCA! Don't miss out! --- Support this podcast: https://podcasters.spotify.com/pod/show/azsmallball/support

Follow me @samirkaji for my thoughts on the venture market, with a focus on the continued evolution of the VC landscape.This week we're joined by Scott Kupor, Managing Partner at Andreessen Horowitz. Scott was the first employee of the firm alongside Marc Andreessen and Ben Horowitz. He has been instrumental in the firm's growth to now having north of $35B in AUM. Scott also authored a Wall Street Journal bestselling book called Secrets of Sand Hill Road: Venture Capital and How to Get It, and previously also served as chairman of the board of the NVCA. Scott goes through the history of a16z and the learnings along the way in building the multi-product investment company it is today.Frank, Rimerman + Co.'s history is closely intertwined with that of Silicon Valley. With humble beginnings similar to so many start-ups, Frank, Rimerman was formed with a desire to serve the entrepreneurial and venture communities of the Valley and the determination to think outside-the-box.When it comes to venture funds, we work with almost 500 VC groups from over 20 states across the USA. We have worked with over 400 fund groups during their first year of operations, making us one of the leading providers in the country to emerging managers.No one wants to be bored at work. That's why we chose to work with some of the most innovative and creative people – people who are changing the world around us every day. Their excitement fuels our passion and determination to grow and serve this special community.Frank, Rimerman + Co, Passion Works Here.www.frankrimerman.comAbout Scott Kupor:Scott Kupor is Managing Partner at Andreessen Horowitz, focused on growth-stage companies building in the bio and healthcare industries, manages the firm's investor relations team, and is responsible for the firm's growth initiatives. Scott was the first employee at Andreessen Horowitz and managed the firm's growth from $300 million in AUM to more than $30 billion. Prior to joining the firm, Scott worked Hewlett Packard, Opsware, and represented startups through M&A processes. Scott is the author of the Wall Street Journal bestselling book, Secrets of Sand Hill Road: Venture Capital and How to Get It, and serves on the boards of Cedar, Headway, Foursquare, Labster, Ultima, and SnapLogic. He also served as chairman of the board for the National Venture Capital Association.Scott earned a bachelor's degree and a JD from Stanford University.In this episode, we discuss:(02:24) Scott's journey to a16z(04:52) Lessons from the dotcom bubble (08:29) Why the original thesis for a16z was so different(12:33) How Mike Ovitz and CAA inspired them(16:44) Early days building the firm and recruiting the team(20:26) Running the firm like a startup(25:58) Challenges of building and maintaining a culture(30:01) Building cohesion with a global workforce and work from home(33:18) What “founder-friendly” means at a16z(36:34) Advice for new managers(40:49) Where we are in the current market cycle(44:59) The advice Scott would give e himself as a new graduate.I'd love to know what you took away from this conversation with Scott. Follow me @SamirKaji and give me your insights and questions with the hashtag #ventureunlocked. If you'd like to be considered as a guest or have someone you'd like to hear from (GP or LP), drop me a direct message on Twitter.Podcast Production support provided by Agent Bee This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit ventureunlocked.substack.com

Does your lawyer know what NVCA stands for and where to find the NVCA standard docs? If not, they're going to make you look like a fool in term sheet negotiations.Carlos Cruz-Abrams joins us this week, sharing his decades of startup and fundraising advice from a lawyer's perspective. Learn more about  Carlos and Cruz-Abrams Seigel.About Cruz-Abrams SeigelCruz-Abrams Seigel LLC (CAS) is a corporate legal boutique focused on bringing practical, operationally oriented and strategic legal representation to every transaction.  CAS's team of big law firm trained lawyers, who also have first-hand business, financial and operational experience, represents startups, venture capital funds, private equity funds, angel investors and both strategic and financial acquirers on transactions ranging from $200K to $200M.  As entrepreneurs themselves, the CAS team understands the investment of time, effort and energy it takes to succeed, and CAS is invested in each client's success, providing personalized attention and building relationships that mean more and help clients go farther.About SpringTime VenturesSpringTime Ventures seeds high-growth startups in healthcare, fintech, logistics, and marketplace businesses. We look for founders with domain expertise, forging a path with a truly transformative technology. We only invest in software-based businesses in the USA. We bring a people-focused approach, work quickly, and reach conviction independently. Our initial check size is $600k. You can learn more about us and our approach.   About Rich MaloyRich's mission is to rebuild the American dream through entrepreneurship. He believes technology gives all people the opportunity to grow, learn and earn. He is a Managing Partner at SpringTime Ventures and the host of the VC Minute podcast. With prior careers in finance and sales, he's been focused on the startup ecosystem for over a dozen years. He's a father of two young children and loves sci-fi, skiing, and video games.  

Our guest, Carmen Palafox, is a seasoned venture capitalist. She is a Founding Partner at 2045 Ventures in Los Angeles and Venture Partner at How Women Invest. She is also a Partner at MiLA Capital.Carmen was awarded the Rising Star Award from the Los Angeles Latino Chamber of Commerce. She was spotlighted by the NVCA as a Rising Star in VC and featured by LA Magazine as 1 of 13 of LA's Powerful Women. Coming out of USC, Carmen was fortunate to land her first job at Dimensional Fund Advisors, where she scaled operations into LATAM, Canada, and Europe, going from $75 Billion AUM to $300 Billion AUM.In this episode, Carmen shared her journey into venture capital, launching a fund, the challenges of women and underrepresented founders in the VC world, and what people can expect in the coming years despite the uncertainties in the industry.Episode Quotes:How Haas led her to venture capitalI went to Haas thinking that I'd get into social impact investing, and that was in 2011, when impact investing was a little earlier than it is today. At that time, there's a lot of talk around social impact bonds and pay for success, and that's where I was thinking my career would be headed. But, you know, one of the advantages of going to Haas was the career development group and just the support I got there and the freedom to really explore. And that exploration led me to venture.The challenges that women and underrepresented founders face in the VC industryAs women, we don't want to think that our gender will hold us back. But there are systemic issues. There's bias that people may or may not be aware of. And I think one of the reasons women are successful when they do get funding is because they are capital constrained and do have to be more efficient. I mean, the same is true for underrepresented founders. You just don't know if there will be capital around the corner, so you are more judicious with what you have. And on the flip side, I think there need to be more capital allocators that are focused on outcomes, meaning, we want to see more women founders, we want to meet more women funders. And so, being focused on that as a primary driver to change the status quo. I think it's important to create more balance in an ecosystem. I think that should be our objective. It should be about balance. And I think we would solve a lot of these unintended consequences that we see as a result of the technology that's out there today if we were to bring more balance to the industry.Opportunities for early-stage founders I think it's an epic time, both because of the reset but also the fact that we're coming out of Covid, and during Covid, people had a lot of time to evaluate how they were spending their time, where they were spending their time. And so, I think a lot of people, if they're able to, are prioritizing differently and potentially looking for areas where they can have the most impact in their careers, and where they can shift priorities to their families. I've seen or talked to a lot of startups that are able to attract talent because they have flexibility in how they're going to manage building their company. If you can offer someone with technical talent the ability to work off hours or work remotely from wherever they want, then I think you have an opportunity there as an early-stage founder.Show Links:LinkedIn Profile2045 CapitalHow Women InvestMiLA Capital (Make in LA)Support this podcast at — https://redcircle.com/onehaas/donations

Se quiser mandar novas perguntas ou votar, use esse link: https://pergunteaovc.kampsite.co/ Para seguir o canal: https://www.youtube.com/c/pergunteaovc Para seguir no Spotify : https://spoti.fi/2sonEON Para seguir no Itunes: https://podcasts.apple.com/us/podcast/id1489205902 Hoje respondo: Rodrigo, Matheus tudo bem? Todo fundo e grupo de Anjos hoje em dia está com a sua própria “prática de mercado”… E modelos de contratos. Os padrões continuam sendo NVCA e SAFE? Como vocês estão vendo a atual situação da indústria de VC no Brasil hoje em dia? E como lidar com tantos modelos de Contratos diferentes?

In our season finale we talk about each conference champion and highlight their seasons! We talk about NVCA being in the 1A, who would win between the Grier brothers, and Pima being the 1st public school to win in the 2A in 20+ years. Don't miss out!! --- Support this podcast: https://anchor.fm/azsmallball/support

In 1973, the venture capital industry was emerging and growing, and it needed a national voice to represent it in Washington. That need resulted in the founding of the National Venture Capital Association. In this episode, we celebrate NVCA's 50th anniversary and look back on the history of the association and its role in guiding the VC industry through legislative challenges and successes.Featured in this episode is Skip Heizer son of Ned Heizer, the founder of NVCA. Ned believed everyone should have the opportunity to build a successful business. Skip shares through his father's eyes, the status of the industry in 1973, the issues that motivated Ned to found NVCA, and the future of venture capital. Chris Brody was the Board Chair of NVCA in 1985 and spent over a decade serving on the Board. Chris shares the moment when VCs realized that for the industry to survive and grow, they needed to present data and explain their value to policymakers. He also tells us about the most influential meetings in the early days of advocating for the industry in Washington.To register for our events, or to learn more about the National Venture Capital Association (NVCA), visit our website.

The 2022 midterm elections didn't go in the direction many people predicted, and VCs are wondering what the results mean for the startup ecosystem. We talk with an industry leader about her perspective on the election results and NVCA gives its perspective on what new opportunities may arise in the upcoming Congress for VCs.NVCA's Justin Field shares priority issues the new Congress will likely focus on, how the 2024 presidential election will influence legislation, and how agencies will implement recently passed bills such as the CHIPS and Science Act that will enhance the venture industry.NVCA Board Chair Emily Melton who has years of VC experience talks about the exciting policies that arose in the last year. Emily is also the Managing Partner at Threshold Ventures. She shares how VCs can benefit from recently passed legislation that invests in American innovation. and how they should think about long-term opportunities in a volatile economic period.To register for our events, or to learn more about the National Venture Capital Association (NVCA), visit our website.

Host Gary J. Ross talks with Jose Ancer, partner (and CTO) at Optimal Counsel and the author of Silicon Hills Lawyer, an internationally-recognized legal blog on emerging companies and VC fundamentals. Gary and Jose discuss the advantages and disadvantages of different securities instruments for emerging companies, including convertible notes and pre-money and post-money SAFEs; friends & family vs. angel rounds; the Series Seed and NVCA documents; valuation caps; and the significance of relationship building in the VC world.

Cryptocurrency is everywhere, but policymakers and venture capitalists are still debating regulations and bad actors in the space. In this episode, we explore how the venture industry is investing and impacting crypto, how the space should be regulated, and how VCs can use crypto to solve big problems in the economy. Alka Gupta, Venture Partner at Fin Capital, shares blockchain's biggest success stories, highlights the issues in our economy that crypto can solve, and advises policymakers on how to form the right regulation around crypto.   Joshua Rivera, General Counsel at Blockchain Capital, explains what policymakers should know about blockchain and crypto before making regulations and discusses if the public and private sectors will fully adopt blockchain soon. Charlotte Savercool, NVCA's Vice President of Government Affairs, explains how the regulatory approach will shift after the midterm elections and how NVCA engages in blockchain policy. To register for our events, or to learn more about the National Venture Capital Association (NVCA) visit our website.

0:00 -- Intro.1:30 -- Start of interview.2:27-- Claudia's "origin story". She was born in Taiwan and grew up in Brazil. She came to the US after college. She studied CS and later went to work for IBM, where she had a 30 year career including founding the firm's Venture Capital Group. Post IBM, she joined NEA as a venture advisor, and has served on several corporate boards.8:31 -- On the evolution of corporate venture capital (CVC) at IBM, and the industry generally. In 2012, she was the first CVC partner to join the board of the NVCA.11:54 -- How CVC investors fit in the boardroom of venture-backed companies ("usually via board observer seats").15:40 -- How should boards approach the current downturn.19:15  -- On Silicon Valley's "growth at all costs" mantra.  "It's a phenomena of too much money in the market."23:32  -- On supermajority voing stock and founder control. "VCs don't build companies, founders do." 29:25 -- The role of the board in strategy and innovation. "The strategy is owned by management, the board's role is to continuously help calibrate that strategy."33:22 -- The oversight duties of directors relating to cybersecurity. "We can't throw enough money at it."36:31 -- On the evolution of ESG. "It started with very positive tones where everyone was supporting it." "Good companies can do both: good financial results and good corporate social responsibility." ("this is not a new phenomenon").39:40 -- On stakeholder governance. "I don't know who influenced who" in connection with Hubert Joly, former Chair and CEO of BestBuy (where she serves as a board member.) [Check out this interview that I did with Hubert Joly for the Sciences Po American Foundation in 2021]. "Great companies like IBM have held up its cultural values consistently for a very long time."41:38 -- On the evolution of boardroom diversity. "The board's role is to ask questions to really challenge management to think outside of the box." "Diversity of gender, life experience, expertise or age [is critical for this purpose]." "The California boardroom diversity policies set up momentum that have helped improve people's ability to think outside of the box in terms of board composition. Hopefully this continues to happen without the need to have these laws in place."44:26 -- How directors should think about geopolitical risks in the current environment. "You have to have a very strong local team." "The risk is considerably higher."45:52 -- What are the 1-3 books that have greatly influenced your life: Crossing the Chasm, by Geoffrey Moore (1991) (and others by this author).47:07 -- Who were your mentors, and what did you learn from them? "People who care enough about me to give me very honest feedback." (difference between mentors and sponsors).48:20 -- Are there any quotes you think of often or live your life by? "People will forget what you said, people will forget what you do, but people will never forget how you made them feel."49:46 --  An unusual habit or an absurd thing that you love: she loves cleaning.50:30 --  The living person she most admires: Hillary Clinton.Claudia Fan Munce is a venture advisor at NEA, and serves as a board member at Best Buy, CoreLogic, the Bank of the West/BNP Paribas, the Energy Impact Acquisition (SPAC) and the National Association of Corporate Directors/Northern California. She's also a Lecturer in Management at the Stanford Graduate School of Business.__ You can follow Evan on social media at:Twitter: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License 

Justin Gordon (@justingordon212) talks with Bobby Franklin, the President and CEO of the National Venture Capital Association (@nvca) and Board Chair of Venture Forward. Since 2013, Bobby Franklin has led the venture community's preeminent trade association focused on empowering the next generation of transformative American companies. As president and CEO of NVCA, he champions public policy that supports the American entrepreneurial ecosystem, making NVCA the dominant voice of the U.S startup ecosystem.In 2020, Franklin led the launch of Venture Forward, NVCA's connected organization which drives the industry's human capital by promoting a strong, diverse, and inclusive venture community that will fuel the economy of tomorrow. Through its VC University program, Venture Forward has educated more than 1500 aspiring and early career VCs, many from historically underrepresented communities.In 2022, he started hosting NVCA's first-ever podcast called Venture Capitol. The show provides listeners a unique look at public policy through the eyes of America's venture capitalists who are investing in the high growth companies of tomorrow. The podcast brings together VCs, policymakers, and policy influencers to discuss and debate issues that impact our nation's economic future.Prior to joining NVCA, Franklin spent ten years at CTIA, representing the entire wireless industry. Before CTIA, he served as Vice President, Federal Government Affairs and head of Alltel's Washington, D.C. office. Franklin began his professional career with eight years of experience on Capitol Hill working for Senator David Pryor (D-AR). Franklin earned his B.S.B.A. in Finance and Banking from the University of Arkansas. He and his wife, Julia, have three young adults and reside in Arlington, VA. Websites: NVCA & Venture ForwardNVCA's Podcast hosted by Bobby: Venture CapitolLinkedIn: linkedin.com/in/bfranklindc/Twitter: @nvca  Show Notes: NVCA: lobbyists for the entrepreneurial ecosystem Recent policy trends and updates affecting the VC/startup ecosystem and the potential impact they'll have NVCA membership as a resource for keeping up with VC policy changes How NVCA determines which policies to prioritize and the balance between playing offensively and defensively in policymaking Where NVCA is currently focusing their energy and what changes Bobby wants to see in the industry How Venture Forward is diversifying the industry by democratizing access to information and education about being a VC The 2022 VC Human Capital Survey as the definitive resource on VC demographics Bobby's thoughts on the LP-GP dynamic and the long game nature of the industry The challenge of policy-makers' disconnect from the VC industry Bobby's observations from a decade in VC policy What can be done to advance the industry beyond the JOBS Act Industry trends Bobby is excited about Why you need to pay attention to and engage with VC policy-making More about the show:The Vitalize Podcast, a show by Vitalize Venture Capital (a seed-stage venture capital firm and pre-seed 400+ member angel community open to everyone), dives deep into the world of startup investing and the future of work.Hosted by Justin Gordon, the Director of Marketing at Vitalize Venture Capital, The Vitalize Podcast includes two main series. The Angel Investing series features interviews with a variety of angel investors and VCs around the world. The goal? To help develop the next generation of amazing investors. The Future of Work series takes a look at the founders and investors shaping the new world of work, including insights from our team here at Vitalize Venture Capital. More about us:Vitalize Venture Capital was formed in 2017 as a $16M seed-stage venture fund and now includes both a fund as well as an angel investing community investing in the future of work. Vitalize has offices in Chicago, San Francisco, and Los Angeles.The Vitalize Team:Gale - https://twitter.com/galeforceVCCaroline - https://twitter.com/carolinecasson_Justin - https://twitter.com/justingordon212Vitalize Angels, our angel investing community open to everyone:https://vitalize.vc/vitalizeangels/

Threshold Ventures' managing partner gives advice to young startups during economic uncertainty. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

0:00 -- Intro.1:23 -- Start of interview.3:32 -- Adam's "origin story". He grew up in southern California where he attended UCSD and graduated from UCLA. In college he became an activist focusing on the conflict in Darfur, Sudan, and developed a "targeted divestment" model. After college he became a social entrepreneur based in Washington, DC.4:06 -- His decision to pursue a JD/MBA from UC Berkeley. While in grad school "he fell in love with the startup tech scene" and during business school he tried to start his own startup but that's where he learned that "it doesn't matter how good your idea is when you don't have a good team and good execution." He then joined Gunderson Dettmer as a corporate associate supporting tech founders.7:14 -- Adam's new role as Assistant Dean for Executive Education and Revenue Generation at UC Berkeley's School of Law. How his initial work with 500 Startups with the BCLB sparked more executive education programs. 9:24 -- On the origin and mission of The Independent Director Initiative.12:20  -- What makes corporate governance in private venture-backed companies different to public companies. Explaining VC University (a partnership between Berkeley Law, NVCA and Venture Forward).15:42 -- The Academic Partners of the Independent Director Initiative: Berkeley Law Executive Education; Berkeley Law Center for Law and Business; Ira M. Millstein Center for Global Markets and Corporate Ownership at Columbia Law School; UC Davis School of Law; UC Hastings Law Center for Business Law; Institute for Law & Economics at the University of Pennsylvania; Silicon Valley Executive Center at Santa Clara University; Rowling Center at SMU Dedman School of Law; Rock Center for Corporate Governance at Stanford University; Stanford Center for Racial Justice at Stanford Law School; and Lowell Milken Institute for Business Law & Policy at UCLA School of Law.University of Washington School of LawThe Organizational Partners of the Independent Director Initiative: Ascend; BLCK VC; BoardList;Bolster;Corporate Directors Forum;The Fourth Floor;HBCUvc; Him for Her; LCDA;National Black MBA Association; National Venture Capital Association; NxtWorkVenture Forward.18:07 -- On the interest and number of applicants to the program (~500 applications, 80 got selected in first cohort).19:21 -- On fiduciary duties of directors in venture-backed companies (including dual-fiduciary conflicts). Role of independent directors, and boardroom diversity in private venture-backed companies. The Trados case (2013).38:43 -- The evolution of private markets and how its regulation may impact corporate governance.40:06 -- Take-aways from the program: 1) more education is needed for directors of venture-backed companies generally (beyond just independent directors), and 2) it was refreshing to see such a diverse and qualified group of executives that could serve on corporate boards.41:56 -- Where can people learn more and/or apply for the next cohort of the Independent Director Initiative: independent.venturecapitaluniversity.com42:57 -- Benefits for participants beyond just the two days of the program. Placements. 45:27 - Some of the books that have greatly influenced his venture career: Venture Deals, by Brad Feld and Jason Mendelson (2011)Secrets of Sand HIll Road, by Scott Kupor (2019)45:51 - Who were your mentors, and what did you learn from them (regarding this program)Evan Epstein (!)Afra Afsharipour, UC Davis Law School46:26 - Are there any quotes you think of often or live your life by? "You don't have to see the whole staircase, just take the first step." Martin Luther King, Jr.46:26 - An unusual habit or an absurd thing that he loves: walking 40min for his commute. "Owning your downtime."48:55 - The living person he most admires: his wife.Adam Sterling is the Assistant Dean for Executive Education and Revenue Generation at UC Berkeley's School of Law and the Executive Director of the Berkeley Center for Law and Business. __ You can follow Adam on social media at:Twitter: @adambsterlingLinkedIn: https://www.linkedin.com/in/adambsterling/__ You can follow Evan on social media at:Twitter: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

Underrepresented communities and emerging ecosystems are vital to the venture world, but often struggle to unlock significant capital. In this episode, we explore how a recently reinstated federal program called the State Small Business Credit Initiative (SSBCI)  gives these groups  greater access to significant capital for VC investment. Think and Do Tank Heartland Forward's President and CEO Ross Devol gives us a view into the challenges entrepreneurs face in Heartland states and shares how Heartland Forward is dedicated to improving economic performances in America's Heartland. NVCA's Manager of Government Affairs Jonas Murphy gives us the rundown on how SSBCIworks, why VCs should care about it, and potential challenges managers should keep in mind when considering applying.Ray Leach, founding CEO of non-profit venture development organization Jumpstart, shares advice for emerging managers who are applying for funds with the SSBCI, explains how the SSBCI will differ from state to state, and how the program accelerates startup ecosystems across the country. Managing Director of New York Ventures at Empire State Development Jennifer Tegan shares success stories of SSBCI 1.0 and tells us what SSBCI 2.0 will do better. We also announce an exciting new NVCA event for VC investors to take action and learn insight to enhance effectiveness inside the boardroom of portfolio companies.To register for our events, or to learn more about the National Venture Capital Association (NVCA) visit our website.

On episode 4, we speak to Robin Painter, a partner of Proskauer Rose & Sarah Reed, general counsel of RA Capital Management, about what representing venture capital funds and their General Partners (GP) & Limited Partners (LP) is like. We also learn about the lawyers' role in helping general and limited partners recognize and manage the risks involved with VC investments. One very cool fact we discovered during the recording is that Sarah was the originator of the NVCA forms, the same set of financing documents that every ECVC lawyer uses! Follow and connect with us at our LinkedIn and Instagram More on HLEP at clinics.law.harvard.edu/hlep

The venture capital sector had two bumper years in a row in 2020 and 2021, with record levels of fundraising, investment and exits. However, like the rest of the investing world, the market has cooled in the 2022 economy. Bobby Franklin, president and CEO of the National Venture Capital Association, talks with us about how the current economic climate is affecting the VC-startup ecosystem, and how startup leaders and investors are looking at their prospects. Bobby also talks with us about how VCs are approaching their ESG goals, which cities and regions are seeing more VC investment activity, the JOBS Act 4.0 and the push to establish a US startup visa.Key talking points:How the market conditions of 2022 have affected venture capital investment activity (0:26)Where the rising hubs for VC activity are (2:35)What sectors are likely to show strong growth going forward (4:26)How startups and VCs are looking at their prospects for going public as the IPO and SPAC markets slow to a crawl (5:58)Why VCs strongly support the establishment of a US startup visa (8:11)How the Jobs Act 4.0 would affect the VC sector (11:24)How VCs are approaching their ESG goals (13:40)The potential upside of tough times (21:11)Further listening:If you'd like to learn more about what policy initiatives are of high importance to the venture capital industry, check out NVCA's Venture Capitol podcast, hosted by Bobby. 

0:00 Intro.1:18 Start of interview2:01 Anat's "origin story". She grew up in Israel. She practiced corporate law, VC fund formation, startup representation and M&A in Israel before moving to the U.S. 7:03 Her academic focus at Case Western Reserve University School of Law (Cleveland, Ohio).9:12 On the practice of compelling employees, who are not yet stockholders, to waive their stockholder inspection rights under Delaware General Corporation Law (Section 220) as a condition to receiving stock options from the company. Based on her paper Bargaining Inequality: Employee Golden Handcuffs and Asymmetric Information, triggered by this WSJ article on the DOMO case.20:42 Her hand-collected data set consisting of the SEC's public filings finding that many firms began requiring that their employees sign a waiver clause titled “Waiver of Statutory Information Rights” post Domo (there was a "huge uptick"). NVCA's model legal documents including this waiver clause in its Investors' Rights Agreement.27:58 The Good Technology (2018) and JUUL Labs, Inc. v. Grove (2020) cases. Description of classic conflicts of interest in venture-backed companies. Discussion of the "internal affairs doctrine".37:35 On dual fiduciaries and "new" conflicts by founders with other common stockholders (prompted by super voting shares, multiple board votes, ff preferred stock, etc). The Trados case. Fiduciary duties of venture-backed company directors. On the shift of control from VCs (preferred stockholders) to founders. "Bargaining power is the key."54:32 Take-away thoughts for directors of venture-backed companies. Lawyers as gatekeepers.58:06 The 1-3 books that have greatly influenced her life:Startup Nation,  by Dan Senor and Saul Singer (2009)Regional Advantage, by AnnaLee Saxenian (2006)The Capitalist and the Activist, by Tom C.W. Lihn (2022)59:34 - Who were your mentors, and what did you learn from them? Irit Haviv Segal, from Tel Aviv UniversityLynn Stout, from Cornell Law SchoolRobert Hockett, from Cornell Law SchoolFrom NYU: Ed Rock, Helen Scott, Karen Brenner, Gerald Rosenfeld, David Yermack.1:00.48 - Are there any quotes you think of often or live your life by? "Be the change that you want to see in the world" "I've always been an activist and that's the mantra that I live by."1:01:28- An unusual habit or an absurd thing that she loves: Fricasse (Tunisian sandwich), working out.1:02:02 - The living person she most admires: Prof. Jill Fisch (Penn Law).Anat Alon-Beck is an Assistant Professor of Law at Case Western Reserve School of Law. Her research examines how legal and regulatory structures influence the shift in equities from public markets to private markets, and the rise in the number of “unicorn” firms.__ You can follow Evan on social media at:Twitter: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License 

All-news show. First, we go over PitchBook's Q1 Venture Monitor report where VC fundraising is high, but portfolio exits are down (3:08). Then, we discuss how the incoming CNN CEO Chris Licht and Chris Sacca are both taking a Twitter break (33:35), and touch on Alex Jones' InfoWars filing for bankruptcy (44:33). Our startup of the day is new social app BeReal (53:55). (00:00) Jason and Molly intro today's news stories (03:08) PitchBook and the NVCA released Q1 2022 Venture Monitor, results are staggering (12:32) Notion - Get started for free at https://notion.com/thisweekinstartups (13:49) Q1 US VC funds raised combined $73.8B, more than half of 2021's total of $131.5B (23:13) Microsoft for Startups Hub - Apply in 5 minutes, no funding required, sign up at http://aka.ms/thisweekinstartups (24:30) Investing in supercycles (32:23) Wealthfront - Get your first $5,000 managed for free, for life at https://wealthfront.com/TWIST (33:35) Twitter breaks (44:33) Alex Jones' InfoWars filed for bankruptcy (53:55) Startup of the day: BeReal FOLLOW Jason: https://linktr.ee/calacanis FOLLLOW Molly: https://twitter.com/mollywood

Current immigration policies in the U.S. are making it almost impossible for foreign entrepreneurs to come to the U.S., start new companies, and create American jobs. In this episode, we explore how immigration affects the entrepreneurial ecosystem and why a startup visa is critical for global competition. Congresswoman Zoe Lofgren answers the big question: why can't we establish an immigration avenue for entrepreneurs from around the world? She shares where immigration legislation currently stands, including the Let Immigrants Kickstart Employment (LIKE) Act, and what obstacles this legislation faces. NVCA's General Counsel Jeff Farrah discusses the role of immigration in entrepreneurship, how immigration reform has changed over the years, and how NVCA is working to get startup visa legislation passed.Lastly, founder and CEO of Make, Nishat Rustagi shares his story. Nishat was an international student who came to the U.S. to study. While here, he started a successful and valuable company, but was forced to leave in 2021 as there was no startup visa. Nishat shares why America is so desirable for entrepreneurs, and how difficult it is to run his America made company from abroad.To register for our events, or to learn more about the National Venture Capital Association (NVCA) visit our website.

In this week's Immigration Law for Tech Startups podcast, I'm joined by Bobby Franklin, the President and CEO of the National Venture Capital Association (NVCA). For nearly 50 years, NVCA has been a strong advocate for the American entrepreneurial ecosystem. Bobby began his professional career working on Capitol Hill in the office of Senator David Pryor. He has a fascinating professional journey in government affairs and consultancy, managing different organizations and trade associations. Bobby recently became the chairman of the board of Venture Forward, a nonprofit launched by NVCA in 2020 to shape the future of the VC industry beyond public policy.     In the last few years, the country's share of global venture capital dollars has dropped to about half, losing significant market share. From an economic policy standpoint, the U.S. needs to roll out the red carpet and make sure entrepreneurs – from wherever they are in the world – can come to the United States, so they can start and grow companies and experiment and try to build products and services.   Please share this episode with companies, HR and recruiting professionals, startup founders, international talent, or anyone who can benefit from it. Sign up for the Alcorn monthly newsletter to receive the latest immigration news and issues. Reach out to us if we can help you determine the best immigration options for yourself, your company, your employees or prospective employees, or your family whether in the U.S. or abroad. In this episode, you'll hear about: How he found his way into public policy and venture capital Why trade associations exist Why U.S. immigration law is important and valuable to the NVCA The America COMPETES Act and its potential impact on immigration How startups become victims of unintended consequences   Don't miss my upcoming conversations with top Silicon Valley venture capitalists, startup founders, professors, futurists, and thought leaders on Immigration Law for Tech Startups. Subscribe to this podcast here or on Spotify, Apple Podcasts, Google Podcasts, or whatever your favorite platform is. As always, we welcome your rating and review of this podcast. We appreciate your feedback!   Resources: National Venture Capital Association   Venture Forward   Alcorn Immigration Law: Subscribe to the monthly Alcorn newsletter   Immigration Law for Tech Startups podcast: Episode 73: International Entrepreneur Parole is Back! Episode 78: Parole Entry Process Episode 89: Advocating for International Startup Founders with Jeff Farrah of National Venture Capital Association   Immigration Options for Talent, Investors, and Founders Immigration Law for Tech Startups eBook Extraordinary Ability Bootcamp course for best practices for securing the O-1A visa, EB-1A green card, or the EB-2 NIW (National Interest Waiver) green card—the top options for startup founders. Use promotion code ILTS for 20% off the enrollment fee.

Michigan Venture Capital Association (MVCA) Executive Director spoke with Jeff Farrah, General Counsel of National Venture Capital Association (NVCA). Jeff discusses NVCA's policy priorities for 2022 as well as provide additional legislative updates. More information on MVCA can be found at michiganvca.org This podcast is sponsored by Michigan Rise.

In this episode of the Startup Visa Series, I speak with Jeff Farrah who serves as General Counsel at the National Venture Capital Association, https://nvca.org/ where he advocates before Congress, the White House, and agencies for pro-entrepreneurship policies and leads in-house legal matters for the association, including management of the NVCA Model Legal Documents. Prior to joining NVCA, Jeff was Counsel to the U.S. Senate Committee on Commerce, Science, and Transportation where he advised Chairman John Thune and members of the committee on technology, telecommunications, and Internet policy. Hope you enjoy listening to this interview as much as I enjoyed interviewing him!The Startup Visa Series is a series of interviews of thought leaders on startups, entrepreneurship, and immigration from around the world. Hear more about why they argue for the need for a startup visa. Guests include startup founders, venture capitalists, investors, policy makers and others. This interview series coincides with the launch of the 2nd Edition of my book, The Startup Visa  which is now available for order here!The Startup Visa series is produced and edited by Cambria Judd Babbitt. Be sure to follow me on my Amazon Author page, my author website www.tahminawatson.com as well as my usual blog at www.watsonimmigrationlaw.com. Find us on social media:LinkedIn - Watson Immigration Law and Tahmina WatsonTwitter - @TahminaTalksInstagram - @TahminaTalksFacebook - Watson Immigration LawSpecial thanks to our series sponsor, Joorney Business Plans for making these episodes possible. Learn more about their services here https://www.joorney.com/ Find us at watsonimmigrationlaw.com

Until recently, startups and VCs in the climate technology space haven't had a lot of resources or reach. Government has been particularly hostile toward innovative startups, crippling funding and opportunities -- but the NVCA (National Venture Capital Association) is working with the federal government to change that. A record amount of capital is streaming in, bills are passing robustly, and the NVCA is committed to making sure the best technologies win big and do well. This unified front promises to organize and coordinate voices so entrepreneurs in fields like carbon capture can feel more confident, impactful and profitable. Connect with our guest:Justin Field, NCVA: https://nvca.org/about-us/staff/justin-field/NCVA on social: https://twitter.com/nvca Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.

In this week's Immigration Law for Tech Startups podcast, Jeff Farrah joins me as we discuss the International Entrepreneur Parole, how Jeff's efforts directly supported this new immigration pathway to exist for all of you to apply for, as well as about the startup visa and other things that venture capitalists care about when it comes to immigrant startup founders.   Jeff is the General Counsel at the National Venture Capital Association (NVCA). A Southern Californian native, Jeff is an attorney who has worked in Washington for many years in the Department of Commerce, the Office of the U.S. Trade Representative, and the Ways and Means Committee of the U.S. House of Representatives. Jeff continues to advocate for Congress and the White House and different agencies for pro-entrepreneurship policies.   Jeff believes immigrant entrepreneurs are part of the fabric of the American startup ecosystem and we would not be where we are as a country in terms of job creation and innovation.    Please share this episode with companies, HR and recruiting professionals, startup founders, international talent, or anyone who can benefit from it. Sign up for the Alcorn monthly newsletter to receive the latest immigration news and issues. Reach out to us if we can help you determine the best immigration options for yourself, your company, your employees or prospective employees, or your family whether in the U.S. or abroad. In this episode, you'll hear about: Why the NVCA cares about immigration How the policy is a huge source of economic stimulation and job creation Recognizing the role of immigrant entrepreneurs in becoming the global powerhouse for startups The startup visa legislation Are folks in other countries allowed to write letters to Congress? The discussion on budget reconciliation and immigration measures   Don't miss my upcoming conversations with top Silicon Valley venture capitalists, startup founders, professors, futurists, and thought leaders on Immigration Law for Tech Startups. Subscribe to this podcast here or on Spotify, Apple Podcasts, Google Podcasts, or whatever your favorite platform is. As always, we welcome your rating and review of this podcast. We appreciate your feedback!   Resources: National Venture Capital Association https://nvca.org/    Alcorn Immigration Law: Subscribe to the monthly Alcorn newsletter   Immigration Law for Tech Startups podcast: Episode 73: International Entrepreneur Parole is Back!ees Episode 78: Parole Entry Process Episode 82: What Type of Investments Qualify Under IEP?   Path to E-2 visa for citizens of non-treaty countries Immigration Options for Talent, Investors, and Founders Immigration Law for Tech Startups eBook Extraordinary Ability Bootcamp course for best practices for securing the O-1A visa, EB-1A green card, or the EB-2 NIW (National Interest Waiver) green card—the top options for startup founders. Use promotion code ILTS for 20% off the enrollment fee.

The Startup Visa Series is a series of interviews of thought leaders on startups, entrepreneurship, and immigration from around the world. Hear more about why they argue for the need for a startup visa. Guests include startup founders, venture capitalists, investors, policy makers and others. This interview series coincides with the launch of the 2nd Edition of my book, The Startup Visa  which is set to launch July 13, 2021! In this episode of the Startup Visa Series, I speak with Jeff Farrah who serves as General Counsel at the National Venture Capital Association, https://nvca.org/ where he advocates before Congress, the White House, and agencies for pro-entrepreneurship policies and leads in-house legal matters for the association, including management of the NVCA Model Legal Documents. Prior to joining NVCA, Jeff was Counsel to the U.S. Senate Committee on Commerce, Science, and Transportation where he advised Chairman John Thune and members of the committee on technology, telecommunications, and Internet policy. Hope you enjoy listening to this interview as much as I enjoyed interviewing him! After you listen to this interview, look out for the 2nd edition of The Startup Series book to learn more about this issue and the need for change! The Startup Visa series is produced and edited by Cambria Judd Babbitt. Be sure to follow me on my Amazon Author page: https://www.amazon.com/s?k=Tahmina+Watson&i=audible&ref=dp_byline_sr_audible_1 And, my author website www.tahminawatson.com as well as my usual blog at www.watsonimmigrationlaw.com. Follow us on social media for updates. Instagram: @tahminatalks Twitter @tahminatalks  Special thanks to our series sponsor, Joorney Business Plans for making these episodes possible. Learn more about their services here https://www.joorney.com/ 

The Startup Visa Series is a series of interviews of thought leaders on startups, entrepreneurship, and immigration from around the world. Hear more about why they argue for the need for a startup visa. Guests include startup founders, venture capitalists, investors, policy makers and others. This interview series coincides with the launch of the 2nd Edition of my book, The Startup Visa  which is set to launch July 6, 2021! In this episode of the Startup Visa Series, I speak with Jeff Farrah who serves as General Counsel at the National Venture Capital Association, where he advocates before Congress, the White House, and agencies for pro-entrepreneurship policies and leads in-house legal matters for the association, including management of the NVCA Model Legal Documents. Prior to joining NVCA, Jeff was Counsel to the U.S. Senate Committee on Commerce, Science, and Transportation where he advised Chairman John Thune and members of the committee on technology, telecommunications, and Internet policy. Hope you enjoy listening to this interview as much as I enjoyed interviewing him! After you listen to this interview, look out for the 2nd edition of The Startup Series book to learn more about this issue and the need for change! The Startup Visa series is produced and edited by Cambria Judd Babbitt. Be sure to follow me on my Amazon Author page: https://www.amazon.com/s?k=Tahmina+Watson&i=audible&ref=dp_byline_sr_audible_1 And, my author website www.tahminawatson.com as well as my usual blog at www.watsonimmigrationlaw.com. Follow us on social media for updates. Instagram: @tahminatalks Twitter @tahminatalks Special thanks to our series sponsor, Joorney Business Plans for making these episodes possible. Learn more about their services here https://www.joorney.com/ Also thanks to our episode sponsor, Park Evaluations https://www.parkeval.com/ 

I have to deal with people Am I right for the job can I handle disappointment, disrespect and can I be honest enough with myself to resolve any issues thrown at me...

MVCA hosted a recent virtual webinar with Jeff Farrah and Justin Field from the National Venture Capital Association to discuss venture investing in the year ahead, including the impacts related to the Biden-Harris administration policy items, tax and carried interest, research and tech transfer, and capital markets.

Grønn finans er et helt nødvendig redskap for å akselerere det grønne skiftet. Heldigvis er gapet mellom de tradisjonelle finansaktørene og bærekraftsmotiverte investorene mindre enn før: bærekraftige investeringer er ikke noen selvmotsigelse.Gjester: Ellen Amalie Vold, adm. dir i Norsk venturekapitalforening (NVCA). Tor Helmersen, finansdirektør i Investinor. Vert i podkasten er Kim Gabrielli, direktør i UN Global Compact Norge. Hosted on Acast. See acast.com/privacy for more information.

The $2 trillion CARES Act set aside $377 billion for small businesses. While startups are doing everything they can to extend their runway, there is confusion on if and how the CARES Act applies to startups and what startups need to do to access this funding as quickly as possible. In this #DreamitLive, we discuss: 5:00 - Defining small businesses and who qualifies for CARES Act loans 6:00 - Do you need to rush to your bank to get this money?  7:00 - Who is entitled to these funds?  9:00 - What is the process of getting the loan? How does the loan get forgiven or turn into a grant?  11:00 - How does your business stay alive while waiting for this loan or crossing the “Covid Chasm”? What if you downsize? Will this affect your forgiveness of the loan?  13:30 - How do banks estimate what size loans you will get?  17:00 - Why employee headcount is so important when using CARES Act loans 23:00 - When will the money show up and get processed?  25:00 - Furlough vs. laying off employees? Providing health insurance?  26:00 - What should small startups with 15 employees or less expect?  29:00 - Understanding SBA rules around affiliation rules, when your venture fund has “effective control” of your startup 37:00 - Four pieces of advice for startups on taking advantage of the CARES Act 43:00 - Who should you turn to for advice and guidance on loans through the CARES Act 45:00 - What should you AVOID doing if you're trying to get this loan?  47:00 - What types of things can the loan money be used for? Is it general-purpose money? Payroll requirements?  52:00 - Do these loans apply for overseas employees?  53:00 - How does the loan forgiveness process work? Steve Barsh, Managing Partner of Dreamit Ventures will host and be joined by Duncan Davidson, General Partner of Bullpen Capital, who has read the full CARES Act multiple times and digested what it means for startups. Duncan is a highly experienced VC and a serial entrepreneur, having founded, been on the executive team, or a Board member of multiple billion-dollar companies. More Resources: https://nvca.org/wp-content/uploads/2020/03/VC-SBA-Lending-and-Affiliation-Guidance-for-SBA-Loan-Programs.pdf (Guidance on SBA Loans from the NVCA) https://www.cooley.com/news/insight/2020/2020-03-29-sba-programs-under-cares-act (Guidance from Cooley on SBA Programs under the CARES Act) https://techcrunch.com/pages/covid-19-updates/ (TechCrunch News related to COVID-19 for updates on guidance for SBA Loans)

Bobby Franklin of NVCA joins Nick to discuss Immigration, Privacy, and Foreign Investment -- The Biggest Threat to Venture is in Washington D.C.. In this episode, we cover: Backstory/path to Capitol Hill. You served as the Executive Vice President of CTIA --tell us a bit about that experience and how it led to NVCA. At NVCA - what's the mandate? What specific actions does the organization take in order to deliver on this mandate? You just wrapped up NVCA's annual VC's to DC conference this month-- What were the three most critical issues that Venture Capital is facing? I came across your article on TechCrunch about FIRRMA (the Foreign Investment Risk Review Modernization Act) and CFIUS (the Committee on Foreign Investment in the U.S.). Can you talk a bit about the issue the industry is facing and the key players? What suggestions do you have for VCs and high growth companies -- with exposure to FIRRMA and the expanded power of CFIUS? At the VCs to DC conference there was a panel on the rise of populism…Trends from trade to immigration, tax policy and cross-border financial flows, that are rapidly impacting global commerce - Can you talk a bit about these issues and their impact on the ecosystem? Currently large tech companies are under increased scrutiny in DC and policymakers are cracking down on data privacy regulation, antitrust enforcement, etc. Do you think this “techlash” is appropriate or not? What guidance or insight would you give entrepreneurs to ensure that their companies are operating within regulatory boundaries? Any other suggestions for the audience -- a mix of VCs, LPs, Angels and Founders -- on specific things we all can do to support this asset class in D.C.? To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes. Also, follow us on twitter @TheFullRatchet for updates and more information.