Jonathan Silver, a venture capitalist and founder of Core Capital Partners, testified on Thursday against proposed changes in tax rates applying to VCs. One of his arguments was that venture-based companies create jobs across the US:
Where will the next important businesses come from? The truth is, no one knows and that’s why venture capitalists look everywhere, and in all fifty states, for those opportunities. It’s why venture funds have backed Music Nation in New York City and Incept Biosystems in Ann Arbor, Michigan, Interface21 in West Melbourne, Florida, Boston Power in Westborough, Massachusetts and Click Forensics in San Antonio, Texas.