id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
cblr-3021	Bristow, Duke K.; King, Benjamin D.; Petillon, Lee R.	Venture Capital Formation and Access: Lingering Impediments of the Investment Company Act of 1940	2004	58	.pdf	application/pdf	17483	822	49	As the reader will see, the regulatory oversight of venture capital is highly complicated, multi-layered, often a result of legislative objectives completely divorced from the actual operations of venture capital firms, and, despite purported reforms, still highly incoherent in nature. The venture capital industry as we know it really dates back only twenty-five years or so.32 The first two progenitors of venture capital firms began operations in 1946.33 Because venture capital was in such a nascent stage of development and the United States was embroiled in World War II, the rebuilding of Europe, the Korean War, and the beginning of the Cold War, the inhibiting effects of the '40 Act on enterprising businesses accessing capital went largely unrecognized.	cache/cblr-3021.pdf	txt/cblr-3021.txt