David Jones, Jr. of Chrysalis Ventures and David Lincoln of Element Partners Discuss Value of Venture Capital to U.S. Economy
December 3, 2009, Arlington, VA – National Venture Capital Association members David Jones, Jr., of Chrysalis Ventures and David Lincoln of Element Partners will represent the venture capital industry at the Forum on Jobs and Economic Growth held today at the White House. The two were invited by President Barack Obama to share with the Administration details of how venture capital adds significant value and contributes to economic growth and innovation.
According to the White House, “the forum is an opportunity for the President and the economic team to hear from some of the best and brightest CEOs, small business owners, and financial experts about ideas for continuing to grow the economy and put Americans back to work.”
Mr. Jones will participate in the “Encouraging Business Competitiveness and Job Creation” breakout session, which will focus on substantive ways to encourage businesses to invest and create jobs. Mr. Lincoln will join the “The Innovation Agenda and Green Jobs of the Future” session which will discuss new and additional ideas for creating green jobs, including through encouraging energy efficiency and investment in renewable technologies.
“This Administration clearly recognizes that venture capital is a consistent job creator, even in a tough economy,” said Mark Heesen, president, National Venture Capital Association. “The venture capital industry is committed to growing companies from the ground up in industries that are critical to the future of our nation, including information technology, life sciences and clean technology. We are honored to be invited to participate in such a valuable forum.”
The National Venture Capital Association (NVCA) represents more than 400 venture capital firms in the United States. NVCA’s mission is to foster greater understanding of the importance of venture capital to the U.S. economy, and support entrepreneurial activity and innovation. According to a 2009 Global Insight study, venture-backed companies accounted for 12.1 million jobs and $2.9 trillion in revenue in the U.S. in 2008. The NVCA represents the public policy interests of the venture capital community, strives to maintain high professional standards, provides reliable industry data, sponsors professional development, and facilitates interaction among its members. For more information about the NVCA, please visit www.nvca.org.