National
Venture Capital Association Admission Requirements
NVCA
is open by invitation to all professional venture capital
or private equity organizations and corporate venture capital
investors who are responsible for investing risk capital
in developing companies or industries on a professional
basis and who meet the criteria outlined below.
- Members
must be actively engaged in private equity investing on
a cash-for-equity basis. Further, they must invest from
a dedicated pool of capital that has been allocated for
the purpose of venture capital or private equity investments.
The Member firm must have at least $5 million under management
for the sole purpose of private equity investing.
- The
organization must employ a professional staff consisting
of at least one full-time employee or full-time equivalent
whose sole professional activity is direct private equity
investing.
- Members
must utilize a professional approach before and after
they make an investment, including the maintenance of
a continued interest in the companies they sponsor.
- A
member’s business must be operated out of an office
located in the United States.
- The
managers of the business must be U.S. citizens or resident
aliens.
- Members’
business must be subject to U.S. taxation and laws.
- Renewal
of Annual Membership in NVCA is subject to review and
approval by the Membership Committee and continued compliance
with the criteria above.
Admission
Procedures
- Complete
the application and return it to NVCA along with printed
material describing the investment activities of the firm
applying for membership (e.g. fund prospectus, promotional
brochure).
- All
applications will be acted upon immediately by the NVCA
Membership Committee.
- Notification
of approval of an applicant will be sent in writing, along
with an invoice for dues.
NVCA
Dues Structure
Capital
Under Management is defined as all funds raised less any
fully liquidated funds. Membership dues for SBICs are calculated
based on private capital raised. Corporate venture groups
should call our membership department (703-524-2549) for
our special corporate dues structure and application.
Revised
Dues Structure – Effective June 1, 2007
| Capital
Under Management (CPM) |
Dues
Payment |
| $5M
- $99M |
0.000064
x capital under management ($1,000 min) |
| $100M
- $200M |
$6,400
+ 0.000016 x (E-100) |
| $201M
- $999M |
$10,000
+ 0.00001 x (E-201) |
| $1B
- $1.999B |
$18,000
+ 0.000005 x (E-1000) |
| $2B
- $3.3B |
$30,000
(Flat Fee) |
| $3.4B
or greater |
$35,000
(Flat Fee) maximum |
|
|
| We
estimate that 25% of your dues will be used for lobbying
and is not deductible because of recent changes in
federal tax law. |
If
you are a corporation and are not investing from a dedicated
pool of capital, please call Terry Samm at 703.524.2549.
Become a Member of NVCA!
(on-line application form)
Become a Member
of NVCA! (printable pdf form)
