This link renders the data visually.  Nice.

There is a strong correlation between immigration and family business in the United States.  Here is a short article that provides some information.

There are some good reports out there on family business.  Many seem to focus on family business “confidence.”  Here is a sample.

A useful link within the NVCA website.

There are probably about as many different takes on this as there are VCs.  But I’ll post a series of them for you to review.

Here’s one that has good things to say about Chicago as a location for early-stage investment.

This article is a few years old (which means we can review some of its predictions with a more skeptical – and realistic – eye), but it provides some perspective on Sarbanes-Oxley and its impact on IPOs.

Armando Falcon’s 2004 report to Congress about Fannie Mae’s failure to comply with GAAP (Generally Accepted Accounting Principles).  All 198 pages of it.  Here is a blurb from the opening summary:

“The matters detailed in this report are serious and raise concerns regarding the validity of previously reported financial results, the adequacy of regulatory capital, the quality of management supervision, and the overall safety and soundness of the Enterprise.”

For diehards, here is the entire 7+ hours of testimony before Congress about OFHEO Director Armando Falcon’s report in 2004, and the reactions of congressional representatives who refused to believe the dire warnings contained within it.

Stanford economics professor Thomas Sowell explains the housing bubble in this video produced by the Hoover Institution.

… years before it happened.  Here is a news spot from 2008 showing clips from Congressional hearings in 2004 — fully four years before the housing bubble burst and the financial meltdown took place — in which lawmakers were warned that there were serious problems with Fannie Mae and Freddie Mac.

These hearings were prompted by a report from OFHEO (Office of Federal Housing Enterprise Oversight).  Armando Falcon, Jr. was the Director of OFHEO at the time, and he was eviscerated by a number of congressmen and women, who claimed that Fannie Mae and Freddie Mac were “sound,” and that Mr. Falcon was out to undermine affordable housing.  This was untrue, as this article from The Nation magazine points out.

Those attempting to push for stronger oversight of the GSE were ignored.  Mr. Falcon was asked to resign.  But his concerns were vindicated by the events four years later.