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Obama SBA Nominee Leans Towards Venture Capitalists
Colleagues,
As reported in Wall Street Journal ... President Obama may have sealed the deal for venture capitalists who are hoping the Small Business Innovation Research program broadens its policy to include venture-backed companies.
Winslow Sargeant, a managing director at Wisconsin-based venture firm Venture Investors LLC, has been nominated by the President for the position of chief counsel for advocacy in the Small Business Administration. If approved by the U.S. Senate, Sargeant will be responsible for representing small businesses within the federal government’s law- and rule-making. Obama has already appointed Karen Gordon Mills, a founder and managing director of New York-based investor Solera Capital, as SBA director.
Sargeant already has experience with the SBA, having previously served as program manager from 2001 to 2005 for the Small Business Innovations Research program in electronics at the National Science Foundation. His previous public comments about venture-backed companies’ eligibility for an SBIR grant program are encouraging for the venture capital industry, which is angling or a change in the rules once the program is re-authorized...A 2001 administrative law judge ruling, and subsequent rulings by the Small Business Administration, closed the SBIR program to many venture-backed companies.
Read on at: http://blogs.wsj.com/venturecapital/2009/05/22/obamas-sba-nominatio...
CC
As reported in Wall Street Journal ... President Obama may have sealed the deal for venture capitalists who are hoping the Small Business Innovation Research program broadens its policy to include venture-backed companies.
Winslow Sargeant, a managing director at Wisconsin-based venture firm Venture Investors LLC, has been nominated by the President for the position of chief counsel for advocacy in the Small Business Administration. If approved by the U.S. Senate, Sargeant will be responsible for representing small businesses within the federal government’s law- and rule-making. Obama has already appointed Karen Gordon Mills, a founder and managing director of New York-based investor Solera Capital, as SBA director.
Sargeant already has experience with the SBA, having previously served as program manager from 2001 to 2005 for the Small Business Innovations Research program in electronics at the National Science Foundation. His previous public comments about venture-backed companies’ eligibility for an SBIR grant program are encouraging for the venture capital industry, which is angling or a change in the rules once the program is re-authorized...A 2001 administrative law judge ruling, and subsequent rulings by the Small Business Administration, closed the SBIR program to many venture-backed companies.
Read on at: http://blogs.wsj.com/venturecapital/2009/05/22/obamas-sba-nominatio...
CC
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