Texas Venture Capital Programs: Recommendations for Taxpayer Profits and Improved Accountability

Since 2005, state taxpayers have provided nearly $600 million for two venture capital programs: the Texas Emerging Technology Fund (TETF) and the Texas Certified Capital Company Program (CAPCO). Both programs make investments in small companies that use the capital to make payroll and strategic investments that will lead to economic growth, wealth creation, and more jobs. TETF and CAPCO have worthy features to contribute to a new, consolidated, best-practice venture capital program for Texas.