One thing that makes Mitt Romney so confusing to non-business folk is that he was both a venture capitalist and private equity investor. But the distinction often gets lost, in part because Romney mentions his work with companies like Staples (venture capital) and Dominos Pizza (private equity) in the same breath.
So last Friday the National Venture Capital Association sent the following email to its members:
Expect the Capitol Hill piece to be particularly important, given that legislation soon will be introduced to raise raise taxes on both venture capitalists and private equity pros. Venture capitalists historically have tried to cleave themselves from private equity during such policy debates, while private equity clings to its more popular cousin.
So to begin its education campaign, the NVCA already has begun circulating a one-page document highlighting what it says are the differences between VC and PE. Read it below: