The NVCA also appointed six new directors to its Board. Scott Kupor from Andreessen Horowitz, Sue Siegel of GE healthymagination, John Backus from New Atlantic Ventures, Art Pappas of Pappas Ventures, Mark Leschly from Rho Capital Partners and Jim Healy from Sofinnova Ventures will each serve a four-year term.
Green, pictured, who has started the one-year term with immediate effect, said the industry was “in this game to change the world”.
He said, “It is a privilege to lead the NVCA at a time when we can have a significant impact on a truly dynamic startup ecosystem.
“We have much work to accomplish, and an outstanding story to tell.
“The venture capital industry is committed to the long-term global competitiveness of our country and, with our startup company partners, we are in this game to change the world.
“In the coming year, the NVCA will remain focused on harnessing our industry’s collective voice to advocate, inform and educate on policies that support these critical efforts.”
Green takes over in the role from Venrock general partner Ray Rothrock, who led the firm through the testing period of the 2012 US Presidential elections when the industry took a hammering in the press.
Bain Capital founder Mitt Romney’s candidacy saw the private equity industry become a political football over issues such as job creation and outsourcing.
But many commentators and politicians mistakenly used the phrase venture capital to represent the leveraged buyout industry, forcing the NVCA to campaign to save the sector’s reputation.
NVCA president Mark Heesen said, “Ray’s energy, acumen, and drive have been a tremendous asset to the venture capital industry.
“His nuanced leadership has been instrumental in skillfully navigating the legislative and regulatory landscape, while simultaneously looking out on the horizon to the future of the industry and the association.
“His legacy will be carried forward by Josh Green, whose expertise and vision is poised to serve NVCA very well as we enter a year of change.”
Heesen is also due to step down from his role, announcing in March he planned to retire after 22 years in the venture capital industry.
Earlier this year Heesen told the board of directors and the staff he intended to complete his tenure as president and support the transition to new leadership.
The NVCA said it had not has not set any formal timetable for finding a replacement and Heesen will stay in his role until one is found and the handover is complete.
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