New England Venture Capital Association
TypeTrade Association
IndustryVenture Capital
Founded1902
HeadquartersCambridge, Massachusetts
Area served
New England
ServicesLobbying, Networking
Websitenewenglandvc.org

The New England Venture Capital Association (NEVCA) is a trade association. The NEVCA represents the interests of venture capital investors by promoting entrepreneurship. As of 2014, the association represented members from over 90 firms and had an annual budget of $1 million.[1]

History

NEVCA was founded in 1902 as a loose association of the regional investment bodies. At that time, the organization had no full-time staff and served primarily as a communications channel between investors. Since its foundation, NEVCA has grown into a much larger regional body that represents hundreds of partner firms who manage thousands of companies, with tens of billions of dollars in capital.

In 2018 NEVCA advocated for non-compete reform in a Massachusetts Economic Development bill, specifically to reduce non-compete maximum duration to 6 months and to require 100% garden leave for employers.[2][3]

References

  1. ↑ Leung, Shirley. "C.A. Webb a new face for an evolving city". Boston Globe. Retrieved 19 September 2018.
  2. ↑ Bernsau, W. Marc (25 July 2018). "As Beacon Hill weighs noncompete reform, VC industry makes its pitch". Boston Business Journal. Retrieved 19 September 2018.
  3. ↑ Cohan, Peter (29 July 2018). "WALL & MAIN: State poised to confirm its competitive disadvantage". Telegram & Gazette. Retrieved 19 September 2018.
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