Everything Bobby Franklin said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Franklin: Typical lawmakers cannot distinguish venture capital from private equity
“If I were to ask the, whatever the typical staff or the typical member of Congress was, if they weren't on a committee that, like a banking committee or financial services committee or something like that, if I were to ask them, what do you know about venture …”
Franklin: Taxing paper wealth will disproportionately harm startups
“If we start, as, you know, policymakers start trying to reimagine tax schemes from an income tax world to a, you know, what are you worth on paper world, that's going to have a disproportionate impact on the entrepreneurial ecosystem”
Franklin: House Passed Bill Raising VC Non-Qualifying Cap to 49.5%
“And we have legislation that we've made it through the House of Representatives on a bipartisan basis. Now we're trying to get it through the Senate, and it would move that 20% bucket Of secondaries and fund-to-fund activity up to 49 and a half percent.”
Franklin: NVCA secured phased QSBS tax exclusions in federal legislation
“So we had recommended making improvements to qualified small business stocks. So you didn't have that five year cliff. And we made the argument that companies might be making bad business decisions because they're waiting for this five years. What if we phased…”
Franklin: 1970s tax and ERISA reforms catalyzed modern venture capital
“Most people point to the birth of the modern day venture industry, to two policy decisions that were made in the seventies. One was to lower the capital gains rate so that there was a greater differential between ordinary income rates and capital gains tax rat…”
Franklin: Venture capital operates as outsourced R&D for industry
“This is, Essentially the outsourced R&D arm of every industry. And I think, you know, it's important to remind policymakers of that. There's no more Bell Labs. You know, there's no more all the innovation happens in some lab and some big Fortune 500 company. T…”
Franklin: Emerging hubs fail by trying to copy Silicon Valley
“I think for too long, too many people are trying to say, I want to be Silicon Valley here, as opposed to really concentrating and thinking about what their region might be known for, what are they really good at, and how can they find their niche in the entrep…”
Franklin: NVCA and Private Fund Coalition Defeated SEC Rules in Court
“The most egregious, we actually went to court and sued in federal court and won, and we completely knocked out this idea that they had passed, which was to essentially micromanage the relationship between general partner venture capitalists and their limited p…”
Franklin: Section 1202 QSBS tax benefits will face increasing scrutiny
“Example, qualified small business stock. 12 O two and the tax code. It is something that is under fire and is going to be under increasing fire.”
Franklin: Volcker Rule blocked banks from investing in VC funds
“The Volcker rule was something that had been put in place, which effectively kept banks from being able to make investments into You know, VC funds or other funds into startups.”
Franklin: Startup interests in Washington are drowned out by Fortune 500s
“You have to recognize Washington is really a big company town. I mean, if you think about it, once you become a big company, you're going to have a Washington office. You're going to have a lot of folks running around. And when you have so many voices talking …”
Franklin: US captures 63% to 64% of global venture dollars
“In the last year or so, I think we're at 63 or 64% of kind of total venture dollars.”
Franklin: Median Venture Capital Fund Size Is Just Over $26M
“Which by the way, in 25, the median size venture fund is a little over twenty six million dollars.”