Some venture capitalists are viewing the Trump administration’s massive proposed tax increase on university endowments with alarm, warns Ann Miura-Ko, co-founder of Floodgate Partners.
“Right now there’s a proposal to take the endowment tax from 1.4 percent to 35 percent and most people would say, well, endowments are super rich, why do we care? Well, they make great limited partners in private equity, whether it’s venture capital or not. And so it could actually impact funding a lot,” he said at a news conference. Axios Dealmakers Event On Wednesday.
Vice President-Elect J.D. Vance proposed a similar bill a year ago when I was a senator, but It was blocked by Democrats. Even now, it is unclear whether this tax increase will be implemented, especially considering how many of the new administration’s officials designated persons and donors They are venture capitalists.