Legislative Sub-Committee:

Paul Garza subcommittee Chair
In 2007, the ABC Committee is working very closely to legislatures to secure funding to continue to run the ABC program and train the companies to be ready and secure to present to VC for growing their businesses.

The ABC Legislative agenda will focus on the following issues:

• Provide new and substantial technical assistance utilizing currently funded State of California resources and private sector funds that will enable early stage firms to investment ready.
• Create a new fund-to-fund financial instrument that can oversee investors making early stage investments. This fund could be ‘blended’ from public pensions to limit exposure. This fund should, however, feature substantial co-investment by private investors.
• Create a loan guarantee program with private sector banking that enables ‘angel’ or early stage investors to exit businesses before liquidity. This will encourage investors by minimizing their wait.
• Establish ‘model’ policies for the trustees of the investment fund developed from best practices in emerging market investments.