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Unformatted text preview: likely put some smaller venture firms out of business. Registration could cost venture firms as a group hundreds of millions of dollars, which he would prefer be directed into growing new companies. Venture capital funds were exempt from the draft because they approached the congressional committee with an amendment idea which would get us the information we are interested in having for systemic regulation. While private equity firms should be regulated, Congress should be careful about trying to regulate venture capitalists because they perform a distinct economic function that other investors dont. What I think of as venture capital is by nature a small operation running out of somebodys house....
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- Spring '10