Ensuring private firms can access money to grow is vital to the economy. Entrepreneurs and smaller firms generate jobs, fuel the economy, and drive wealth creation. There is a reason that many big, successful tech firms are based in the US and not in other developed countries. It is the combination of access to private capital and risk-taking entrepreneurs.
Tomorrow (March 25), the House Financial Services Committee will address funding for private firms. In a hearing entitled “Beyond Silicon Valley: Expanding Access to Capital Across America,” the Committee will discuss how capital markets enable early-stage and later-stage ventures, with some becoming hugely popular companies.
The following witnesses are scheduled to participate in the Hearing:
- Steve Case, Chairman and CEO, Revolution LLC
- Bill Newell, Senior Business Advisor & Former CEO, Sutro Biopharma
- Candice Matthews Brackeen, General Partner, Lightship Capital
- Joel Trotter, Partner, Latham & Watkins LLP
- Amanda Senn, Director of the Alabama Securities Commission
Case, a famous internet entrepreneur who created AOL, was a vital advocate of the JOBS Act of 2012, which legalized online capital formation or investment crowdfunding.
While reviewing certain bills designed to improve access to capital, the Committee seeks to “identify persistent regulatory challenges and evaluate proposed policy improvements aimed at further promoting capital formation and economic innovation.”
For crowdfunding insiders this is a hearing not to miss.
The hearing is scheduled to start at 10AM ET and will be live-streamed on the Committee website.