Subcommittee on Economic Growth, Tax and Capital Access

April 19, 2012
Equity Finance: Catalyst for Small Business Growth
On Thursday, April 19, 2012, at 10:00 a.m. the Committee on Small Business Subcommittee on Economic Growth, Tax and Capital Access conducted a hearing entitled Equity Finance: Catalyst for Small Business Growth. The hearing began at 10:00 A.M. on April 19, 2012, in Room 2360 of the Rayburn House Office Building.

Equity financing is a funding method where a business owner sells a percentage of their company in exchange for an ownership stake. Because many start-up businesses do not have sufficient assets to pledge as collateral to secure a bank loan, equity finance is an important source of funding. Equity finance provides not only growth capital, but also strategic partners who are invested in the business’s success. Witnesses discussed the affect of the current regulatory environment on equity finance and ways to strengthen the entrepreneurial funding ecosystem.

Opening Statement:

The Honorable Mick Mulvaney (R-SC)

Witnesses and Testimony:

  • Mary Dent, General Counsel, SVB Financial Group, Palo Alto, CA
  • Jason W. Best, Co-Founder, Startup Exemption, San Francisco, CA
  • Tony Shipley, Founder and Chairman, Queen City Angels, Cincinnati, OH
  • Angela Jackson, Managing Director, Portland Seed Fund, Portland, OR

    Additional Items:

  • Official Hearing Notice
  • Official Witness List
  • Official Hearing Memo
  • Hearing Video
  • Press Release
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