Resurrecting the SBA’s Venture Funding Effort Is a Bad Idea, and Unnecessary
A San Francisco’s business weekly reports that private equity firms are “Awash in oceans of capital,” but at the same time, the Raleigh-Durham weekly reports that “Congress may reopen funding spigot for VC-backed concerns.”
I realize that they are different lines of investment, but why not let the markets allocate the capital more efficiently and appropriately? The last time the Small Business Administration got into the venture-capital business, it was an unmitigated failure.
