Treasury hosts conference to help startups find capital

Continuing its push to provide small companies with resources necessary for growth, the Obama Administration on Tuesday is hosting an all-day conference in Washington designed to decode the difficult process of raising capital.

Replete with heavy hitters, the speakers include Treasury Secretary Tim Geithner; SBA Administrator Karen Mills; Scott Case, co-founder of Priceline and head of the government’s newly formed entrepreneurship advocacy group StartUp America Partnership; and Jeffrey Immelt, CEO of General Electric and chairman of the President’s Council on Jobs and Competitiveness.

The conference — “Access to Capital: Fostering Growth and Innovation for Small Companies” — aims to explore methods of securing investment at each stage of expansion, from the early stages through IPO or buyout.

“It’s about how do we enable entrepreneurship freely in the United States among all people that want to do it and then support that with the talent that we actually educate in the United States,” said Ann Miura-Ko, a partner with Palo Alto, California-based Floodgate Capital. “It’s really a time in which entrepreneurs have a lot of the power.”

The event comes after the launch of the federal government’s StartUp America initiative in January, which includes visits by top officials to small business groups in eight cities across the country.

New York startup funding on fire

– Connie Loizos is a contributor to pe HUB, a Thomson Reuters publication. This story originally appeared here. –

How hot is the New York tech scene? Maybe a little too hot, suggests Owen Davis, managing director of NYC Seed, a three-year old seed fund that provides up to $200,000 to New York startups via a partnership with the New York City Investment Fund, the New York City Economic Development Corp, and other local organizations.

Davis said seed rounds are up 50 percent from where they were a couple of years ago, and that valuations are up as much as 30 percent over the last year. “A startup says we want an X amount for our valuation, and all it needs is to get a few people to say yes to it. Then it can say to everyone else, ‘Look, this is what the market is supporting.’”