New York, NY (PRWEB) October 25, 2012
National Venture Capital Association (NVCA) chairman Ray Rothrock last evening accepted the 2012 Visionary Award from the Kauffman Fellows. The NVCA was one of three recipients, along with TrueBridge Capital and Endeavor, recognized for contributions to innovation and capital formation. The awards were presented at the Apella at the Alexandria Center in New York City as part of the Kauffman Fellow’s Summit on Smart Connected Capital. Nearly 300 people from over 30 countries representing the venture capital and entrepreneurial communities attended.
“It is truly an honor to be recognized by an organization that shares our commitment and dedication to funding innovation and empowering entrepreneurs,” said Mr. Rothrock. “We, in turn, recognize how critical the Kauffman Fellows have been to developing some of the outstanding venture capital investors who contribute to our industry. We look forward to working with the Kauffman Fellows and the Kauffman Foundation to advance and empower venture capital investors and their portfolio companies so that America can maintain its global economic leadership for decades to come.”
The NVCA was honored particularly for its efforts around passage of the JOBS Act and its members’ roles in job creation. Former NVCA chairman Kate Mitchell was instrumental in developing recommendations for tiered regulations for emerging growth companies looking to go public. These recommendations were ultimately used to develop the “on-ramp” provisions in the JOBS Act, which was signed into law last April. Further, the NVCA has been committed to measuring job creation within the start-up community and advocating for public policies that support capital formation and company growth.
In presenting the award to NVCA, Brian Dovey, partner of Domain Associates and chairman of the Kauffman Fellows Board said, “It is a great pleasure to present this award to the NVCA who has served as the voice for the venture capital industry for almost 40 years. From stock option expensing to the JOBS Act, the Association has worked tirelessly on behalf of its member firms for decades. It has been a privilege to be involved with both the NVCA and Kauffman Fellows in support of entrepreneurship in the United States.”