IIE.VC转发了
?? U.S. Capital Allocation = MARKET FAILURE ?? Less than 2% of the ~$87 trillion in U.S. assets is managed by a group that represents over 50% of the nation's population. This isn’t just a social issue—it’s a MARKET FAILURE that’s stifling innovation, limiting job creation, drying up liquidity, choking economic growth, and putting America's global competitiveness at risk by failing to invest where it's needed most. By reclassifying emerging fund managers as entrepreneurs—Capital Entrepreneurs—we could unlock billions in funding, correct this massive misallocation, and drive the next wave of American innovation, economic expansion, and global leadership. It’s time for action. #InclusiveCapitalism #CapitalAllocation #EmergingManagers #VentureCapital #EconomicGrowth #Innovation #PolicyChange
This is phenomenal, Chris. I say this all the time. EM's ARE CAPITAL ENTREPRENEURS. Building a fund from the ground up is just like building any other business from Day 0, and should be classified as such.
This is an interesting proposal. I would love to connect on this.
This is amazing! Are there any policy efforts currently taking place to support this effort chris trinetti?
Congratulations chris trinetti, this would be very helpful to the national security venture ecosystem!
100000% agree with this reclassification!
Chris — at the Center for American Entrepreneurship board meeting last month we heard from Eric Cromwell, a consultant to Treasury about the SSBIC funding that went to 47 states I think. Technical assistance was an option for states, which could be used for either entrepreneurs or emerging fund managers. However I’m betting very few states (or people generally) think of new fund managers needing assistance. Eric said, they are small businesses just like any other. I totally agree and while at Kauffman, we saw first/hand how emerging funds struggled not just to raise capital, but to access and afford legal help, accounting, marketing — all the stuff every other entrepreneur struggles with in the early days. Anyway - I applaud your efforts and passion around this. I think I heard capital entrepreneur for the first time from my colleague at the time, Victor W. Hwang ??I assume you are aware of his Right to Start organization?
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Supporting Capital Entrepreneurs @ Catalyze | Obama Foundation Leader '24-25
1 个月We've come a long way since Ross Baird and Brendan Cosgrove started using this term to describe emerging & innovative GPs at the Kauffman Capital Access Lab back in 2019. Love to see it gaining steam - we think there's no better word to describe the grit, hustle, and tenacity needed to raise and deploy a Fund 1. Power to the Capital Entrepreneurs!