WASHINGTON, DC – The National Venture Capital Association (NVCA) issued the following statement today after the U.S. House of Representatives passed H.R. 5719, the Empowering Employees Through Stock Ownership Act.
“Most cash strapped startups dedicate their financial capital to developing and building new products and services, making stock options a critical tool to building strong teams,” said Bobby Franklin, President and CEO of NVCA. “Talented startup recruits are happy to accept less in salary in exchange for stock options because they know that if the startup succeeds, everyone shares in the gains. This is the secret sauce that underpins the innovation economy, aligning the interests of the startup founders, their investors and team members to drive value creation for the country.”
