The Office of the Advocate for Small Business Capital Formation hosted the SEC’s 39th annual Government-Business Forum on Small Business Capital Formation virtually on June 18, 2020 pursuant to the Small Business Investment Incentive Act of 1980.
Members of the public and private sectors—including entrepreneurs, small business leaders, investors, market participants, and other thought leaders within the small business capital formation ecosystem—gathered virtually to craft suggestions to improve securities policy impacting how companies raise capital from investors.
A detailed agenda and list of speakers is available here. The Forum featured spotlight sessions on:
- Empowering Women Entrepreneurs – Insights from investors who support women-founded companies
- Rural and Thriving – Overcoming the unique challenges of building companies in rural communities
- Stories from Founders of Color – Building minority-owned companies and raising capital
- Building Tomorrow’s Public Companies – Exploring the pathway to IPO and the future of public offerings
- Small Cap Today – How smaller public companies handle challenges in today’s market climate
These 20 minute spotlights were interspersed with keynotes from Jovita Carranza (SBA Administrator), Pete Flint (Managing Partner, NFX and founder of Trulia and lastminute.com), Arlan Hamilton (Founder and Managing Partner, Backstage Capital), and Susan Tynan (Founder and CEO, Framebridge). Video archives of the keynote addresses and spotlight discussions are available in the Forum video gallery.
The sessions and keynotes were followed by collaborative policy discussions that provided thoughtful and substantive feedback, the first on “Exempt Offerings and Capital Formation Proposal” and the second on “The Path to IPO and Small Cap Companies.”
2020 Forum Report
The Office is charged with planning, organizing and executing the annual Small Business Forum on Capital Formation described in section 503 of the Small Business Investment Incentive Act of 1980. The Forum is a unique event where members of the public and private sectors gather to craft suggestions for securities policy impacting emerging businesses and their investors, from startups to smaller public companies. The 2020 Forum was hosted in a completely virtual format, which resulted in an inclusive event that engaged entrepreneurs, investors, market participants and other thought leaders from across the country. The 2020 Forum Report summarizing the proceedings and recommendations of participants was released on September 14, 2020.Reports and Materials From Prior Forums
- SEC Releases Report and Recommendations on the 39th Annual Small Business Forum
- Press Release: SEC Announces 2020 Small Business Forum to be held Virtually
- SEC Announces Speakers for June 18 Small Business Forum: “Access to Capital: More Critical Now than Ever
- Transcript of the Small Business Forum
- Commissioner Remarks:
- Chairman Jay Clayton
- Commissioner Hester M. Peirce
- Commissioner Elad L. Roisman
- Commissioner Allison Herren Lee
- Welcome Remarks by Martha Legg Miller, Advocate for Small Business Capital Formation
Modified: April 6, 2023