Altus Venture $126 million View
Scissortail $90 million View
Foxborough $300 million View
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Venture capital (also known as VC or Venture) is a type of private equity capital typically provided to early-stage, high-potential, growth companies where the rewards are years out and carry a high risk. Venture capital is a special kind of funding to create a foundation for building the businesses that will replace today's diminishing industry and jobs. Oklahoma's venture tax credit program was intended to incentivize that venture capital funding needed by rewarding investors tax credits worth 20 to 30% of their at risk investment. |
Venture Capital Company Mis-qualifications
Qualified is a key. The qualifications are very suspect?
VCC qualifications
By establishing qualifying criteria unrelated to the core needs and performance of venture capital success the law eliminated every highly successful Venture Capital Company known to exist.
Self destructive criteria that among other shortcomings fails to require background checks for past financial wrong doings in favor of applying criteria unrelated to the uniqueness of the venture capital industries eliminates all but a small few. Placing the states entire economic funding program in the hands of highly questionable and non proven parties.
One example of self destructive criteria - restricting venture capital company qualifying criteria to only those organized after to January 1, 2001, found in Section 2.C
Various other aspects of venture capital companies -- are addressed in
- Section 2.B.1.c investment of not more than ten percent (10%) of its funds in any one company;
- Section 2.C No investor in a venture capital company organized after July 1, 1992, may claim tax credits under the provisions of this section.
- Section 2.F The credit provided for in subsection A of this section, to the extent not previously utilized, shall be freely transferable to and by subsequent transferees.
The role of the VCC is often referred to by other terms, e.g. pass-through entity, qualified venture capital company, qualified small business capital company, qualified rural small business capital company. With the word qualifying in this case referring to no qualifications related to the real venture capital business, rather meaning restricted to certain preselected unidentified some things, specifically excluding any venture capital business qualified by acceptable standards.