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Office of Human Rights

DC Office of Human Rights
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441 4th Street NW, Suite 570 North, Washington, DC 20001
Phone: (202) 727-4559
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Email: ohr@dc.gov

Agency Performance

D.C. cuts red tape for smaller venture capital funds

Date Released: 
Fri, 02/05/2016

Washington Business Journal by Andy Medici

Smaller venture capital funds in the District will no longer have to follow strict licensing rules meant for financial advisers — a change that proponents say will make D.C. more tech friendly.

Since 2012, the D.C. Department of Insurance, Securities and Banking (DISB) has issued temporary licensing waivers for funds with more than $100 million under management. The latest move permanently extends those waivers and applies them to funds with less than $100 million under management.

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