Ed. Note: As part of the Startup America: Reducing Barriers Roundtable series, National Economic Council Director Gene Sperling and U.S. Small Business Administrator Karen Mills will take your questions and suggestions about what processes and regulations we need to adjust to foster a more nurturing environment for entrepreneurship and innovation. Watch and participate today at 12:00pm EDT on whitehouse.gov/live.
I had the pleasure yesterday of sitting down with nearly 100 leading entrepreneurs, investors, underwriters, academics, and fund managers—including Chuck Newhall, the legendary co-Founder of one of the Nation’s most prestigious venture capital firms, New Enterprise Associates—at the Treasury Department’s Access to Capital Conference. The event was one of a number of creative forums the Administration has held to generate new, actionable ideas to ensure that small businesses have the resources to achieve high growth.
The event built on President Obama’s January launch of Startup America, an initiative to celebrate, inspire, and accelerate high-growth American entrepreneurship that includes a number of commitments to expand access to capital for entrepreneurs. Capital, invested by the private sector, is what helps entrepreneurs realize their dreams and turn ideas into startups, and it’s what turns small businesses into fast-growing companies that create jobs and fuel sustainable economic growth.
At yesterday’s conference, we took an important step forward in that mission with an open and honest dialogue about how best to cultivate investment and growth. And we made real progress.
Source: http://www.whitehouse.gov/blog/2011/03/23/access-capital-fueling-business-growth-and-job-creation-0
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