Venture capitalists lay out ‘Four Pillar’ plan to ignite stock exits
Alarmed by the continuing lack of initial public offerings for venture-backed companies as well as other obstacles that these startups face in securing financing or “exits” such as stock offerings, the National Venture Capital Association wants some major changes made. Calling the current environment a “capital market crisis,” the NVCA It includes a call for more partnerships, additional paths to “liquidity,” less regulation and tax changes. The group laid out the strategy Wednesday at its annual board meeting in Boston. Pittsboro, N.C.-based Biolex, Triangle-based Aldagen and Atlanta-based Alimera are three regional venture-backed companies that have pulled IPO plans in...
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