id	sid	tid	token	lemma	pos
cblr-3021	1	1	venture	venture	NOUN
cblr-3021	1	2	capital	capital	NOUN
cblr-3021	1	3	formation	formation	NOUN
cblr-3021	1	4	and	and	CCONJ
cblr-3021	1	5	access	access	NOUN
cblr-3021	1	6	:	:	PUNCT
cblr-3021	1	7	lingering	linger	VERB
cblr-3021	1	8	impediments	impediment	NOUN
cblr-3021	1	9	of	of	ADP
cblr-3021	1	10	the	the	DET
cblr-3021	1	11	investment	investment	NOUN
cblr-3021	1	12	company	company	NOUN
cblr-3021	1	13	act	act	NOUN
cblr-3021	1	14	of	of	ADP
cblr-3021	1	15	1940	1940	NUM
cblr-3021	1	16	venture	venture	NOUN
cblr-3021	1	17	capital	capital	NOUN
cblr-3021	1	18	formation	formation	NOUN
cblr-3021	1	19	and	and	CCONJ
cblr-3021	1	20	access	access	NOUN
cblr-3021	1	21	:	:	PUNCT
cblr-3021	1	22	lingering	linger	VERB
cblr-3021	1	23	impediments	impediment	NOUN
cblr-3021	1	24	of	of	ADP
cblr-3021	1	25	the	the	DET
cblr-3021	1	26	investment	investment	NOUN
cblr-3021	1	27	company	company	NOUN
cblr-3021	1	28	act	act	NOUN
cblr-3021	1	29	of	of	ADP
cblr-3021	1	30	1940	1940	NUM
cblr-3021	1	31	duke	duke	PROPN
cblr-3021	1	32	k.	k.	PROPN
cblr-3021	1	33	bristow	bristow	PROPN
cblr-3021	1	34	*	*	PROPN
cblr-3021	1	35	benjamin	benjamin	PROPN
cblr-3021	1	36	d.	d.	PROPN
cblr-3021	1	37	king	king	PROPN
cblr-3021	2	1	*	*	PROPN
cblr-3021	2	2	*	*	PROPN
cblr-3021	2	3	lee	lee	PROPN
cblr-3021	2	4	r.	r.	PROPN
cblr-3021	2	5	petillon	petillon	PROPN
cblr-3021	2	6	*	*	PROPN
cblr-3021	2	7	*	*	PROPN
cblr-3021	2	8	*	*	PUNCT
cblr-3021	2	9	i.	i.	NOUN
cblr-3021	2	10	introduction	introduction	NOUN
cblr-3021	2	11	.............................................................	.............................................................	PUNCT
cblr-3021	2	12	79	79	NUM
cblr-3021	2	13	ii	ii	NOUN
cblr-3021	2	14	.	.	PUNCT
cblr-3021	3	1	the	the	DET
cblr-3021	3	2	evolution	evolution	NOUN
cblr-3021	3	3	of	of	ADP
cblr-3021	3	4	venture	venture	NOUN
cblr-3021	3	5	capital	capital	NOUN
cblr-3021	3	6	and	and	CCONJ
cblr-3021	3	7	its	its	PRON
cblr-3021	3	8	r	r	NOUN
cblr-3021	3	9	egulation	egulation	NOUN
cblr-3021	3	10	...............................................................	...............................................................	PUNCT
cblr-3021	3	11	85	85	NUM
cblr-3021	3	12	a.	a.	NOUN
cblr-3021	3	13	the	the	DET
cblr-3021	3	14	investment	investment	NOUN
cblr-3021	3	15	company	company	NOUN
cblr-3021	3	16	act	act	NOUN
cblr-3021	3	17	of	of	ADP
cblr-3021	3	18	1940	1940	NUM
cblr-3021	3	19	(	(	PUNCT
cblr-3021	3	20	"	"	PUNCT
cblr-3021	3	21	'	'	NUM
cblr-3021	3	22	40	40	NUM
cblr-3021	3	23	a	a	DET
cblr-3021	3	24	ct	ct	NOUN
cblr-3021	3	25	"	"	PUNCT
cblr-3021	3	26	)	)	PUNCT
cblr-3021	3	27	...................................................................	...................................................................	PUNCT
cblr-3021	3	28	85	85	NUM
cblr-3021	3	29	b.	b.	NOUN
cblr-3021	3	30	the	the	DET
cblr-3021	3	31	small	small	ADJ
cblr-3021	3	32	business	business	NOUN
cblr-3021	3	33	investment	investment	NOUN
cblr-3021	3	34	act	act	NOUN
cblr-3021	3	35	of	of	ADP
cblr-3021	3	36	1958	1958	NUM
cblr-3021	3	37	(	(	PUNCT
cblr-3021	3	38	"	"	PUNCT
cblr-3021	3	39	sbia	sbia	NOUN
cblr-3021	3	40	"	"	PUNCT
cblr-3021	3	41	)	)	PUNCT
cblr-3021	3	42	.............................................................	.............................................................	PUNCT
cblr-3021	4	1	89	89	NUM
cblr-3021	4	2	c.	c.	NOUN
cblr-3021	4	3	the	the	DET
cblr-3021	4	4	small	small	ADJ
cblr-3021	4	5	business	business	NOUN
cblr-3021	4	6	investment	investment	NOUN
cblr-3021	4	7	incentive	incentive	PROPN
cblr-3021	4	8	act	act	NOUN
cblr-3021	4	9	of	of	ADP
cblr-3021	4	10	1980	1980	NUM
cblr-3021	4	11	(	(	PUNCT
cblr-3021	4	12	"	"	PUNCT
cblr-3021	4	13	sbiia	sbiia	VERB
cblr-3021	4	14	"	"	PUNCT
cblr-3021	4	15	)	)	PUNCT
cblr-3021	4	16	................................................	................................................	PUNCT
cblr-3021	5	1	90	90	NUM
cblr-3021	5	2	iii	iii	NOUN
cblr-3021	5	3	.	.	PUNCT
cblr-3021	6	1	the	the	DET
cblr-3021	6	2	current	current	ADJ
cblr-3021	6	3	state	state	NOUN
cblr-3021	6	4	of	of	ADP
cblr-3021	6	5	venture	venture	NOUN
cblr-3021	6	6	capital	capital	NOUN
cblr-3021	6	7	regulation	regulation	NOUN
cblr-3021	6	8	.....	.....	PUNCT
cblr-3021	6	9	92	92	NUM
cblr-3021	6	10	a.	a.	NOUN
cblr-3021	6	11	the	the	DET
cblr-3021	6	12	national	national	ADJ
cblr-3021	6	13	securities	security	NOUN
cblr-3021	6	14	markets	markets	PROPN
cblr-3021	6	15	improvement	improvement	PROPN
cblr-3021	6	16	act	act	NOUN
cblr-3021	6	17	of	of	ADP
cblr-3021	6	18	1996	1996	NUM
cblr-3021	6	19	(	(	PUNCT
cblr-3021	6	20	"	"	PUNCT
cblr-3021	6	21	nsmia	nsmia	NOUN
cblr-3021	6	22	"	"	PUNCT
cblr-3021	6	23	)	)	PUNCT
cblr-3021	6	24	.......................................	.......................................	PUNCT
cblr-3021	7	1	92	92	NUM
cblr-3021	7	2	1	1	NUM
cblr-3021	7	3	.	.	PUNCT
cblr-3021	7	4	background	background	NOUN
cblr-3021	7	5	and	and	CCONJ
cblr-3021	7	6	description	description	NOUN
cblr-3021	7	7	of	of	ADP
cblr-3021	7	8	the	the	DET
cblr-3021	7	9	act	act	NOUN
cblr-3021	7	10	.....	.....	PUNCT
cblr-3021	8	1	92	92	NUM
cblr-3021	8	2	*	*	PUNCT
cblr-3021	8	3	duke	duke	PROPN
cblr-3021	8	4	k.	k.	PROPN
cblr-3021	8	5	bristow	bristow	PROPN
cblr-3021	8	6	,	,	PUNCT
cblr-3021	8	7	ph.d	ph.d	PROPN
cblr-3021	8	8	.	.	PROPN
cblr-3021	8	9	,	,	PUNCT
cblr-3021	8	10	is	be	AUX
cblr-3021	8	11	an	an	DET
cblr-3021	8	12	economist	economist	NOUN
cblr-3021	8	13	with	with	ADP
cblr-3021	8	14	the	the	DET
cblr-3021	8	15	harold	harold	PROPN
cblr-3021	8	16	price	price	PROPN
cblr-3021	8	17	center	center	NOUN
cblr-3021	8	18	for	for	ADP
cblr-3021	8	19	entrepreneurial	entrepreneurial	ADJ
cblr-3021	8	20	studies	study	NOUN
cblr-3021	8	21	at	at	ADP
cblr-3021	8	22	the	the	DET
cblr-3021	8	23	anderson	anderson	PROPN
cblr-3021	8	24	graduate	graduate	PROPN
cblr-3021	8	25	school	school	PROPN
cblr-3021	8	26	of	of	ADP
cblr-3021	8	27	management	management	NOUN
cblr-3021	8	28	at	at	ADP
cblr-3021	8	29	ucla	ucla	NOUN
cblr-3021	8	30	.	.	PUNCT
cblr-3021	9	1	please	please	VERB
cblr-3021	9	2	direct	direct	ADJ
cblr-3021	9	3	correspondence	correspondence	NOUN
cblr-3021	9	4	to	to	ADP
cblr-3021	9	5	dr	dr	PROPN
cblr-3021	9	6	.	.	PROPN
cblr-3021	9	7	bristow	bristow	PROPN
cblr-3021	9	8	at	at	ADP
cblr-3021	9	9	the	the	DET
cblr-3021	9	10	ucla	ucla	PROPN
cblr-3021	9	11	anderson	anderson	PROPN
cblr-3021	9	12	school	school	PROPN
cblr-3021	9	13	,	,	PUNCT
cblr-3021	9	14	110	110	NUM
cblr-3021	9	15	westwood	westwood	NOUN
cblr-3021	9	16	plaza	plaza	PROPN
cblr-3021	9	17	,	,	PUNCT
cblr-3021	9	18	entrepreneurs	entrepreneur	NOUN
cblr-3021	9	19	hall	hall	PROPN
cblr-3021	9	20	,	,	PUNCT
cblr-3021	9	21	suite	suite	NOUN
cblr-3021	9	22	c305	c305	PROPN
cblr-3021	9	23	,	,	PUNCT
cblr-3021	9	24	los	los	PROPN
cblr-3021	9	25	angeles	angeles	PROPN
cblr-3021	9	26	,	,	PUNCT
cblr-3021	9	27	ca	ca	NOUN
cblr-3021	9	28	90095	90095	NUM
cblr-3021	9	29	.	.	PUNCT
cblr-3021	10	1	his	his	PRON
cblr-3021	10	2	e	e	NOUN
cblr-3021	10	3	-	-	NOUN
cblr-3021	10	4	mail	mail	NOUN
cblr-3021	10	5	is	be	AUX
cblr-3021	10	6	dbristow@anderson.ucla.edu	dbristow@anderson.ucla.edu	PROPN
cblr-3021	10	7	.	.	PUNCT
cblr-3021	11	1	*	*	PUNCT
cblr-3021	11	2	*	*	PUNCT
cblr-3021	11	3	benjamin	benjamin	PROPN
cblr-3021	11	4	d.	d.	PROPN
cblr-3021	11	5	king	king	PROPN
cblr-3021	11	6	,	,	PUNCT
cblr-3021	11	7	j.d	j.d	PROPN
cblr-3021	11	8	.	.	PROPN
cblr-3021	11	9	,	,	PUNCT
cblr-3021	11	10	m.b.a	m.b.a	NOUN
cblr-3021	11	11	.	.	PROPN
cblr-3021	11	12	,	,	PUNCT
cblr-3021	11	13	is	be	AUX
cblr-3021	11	14	a	a	DET
cblr-3021	11	15	legal	legal	ADJ
cblr-3021	11	16	and	and	CCONJ
cblr-3021	11	17	business	business	NOUN
cblr-3021	11	18	consultant	consultant	NOUN
cblr-3021	11	19	with	with	ADP
cblr-3021	11	20	pricewaterhousecoopers	pricewaterhousecoopers	PROPN
cblr-3021	11	21	llp	llp	PROPN
cblr-3021	11	22	in	in	ADP
cblr-3021	11	23	their	their	PRON
cblr-3021	11	24	financial	financial	ADJ
cblr-3021	11	25	advisory	advisory	ADJ
cblr-3021	11	26	services	service	NOUN
cblr-3021	11	27	group	group	NOUN
cblr-3021	11	28	.	.	PUNCT
cblr-3021	12	1	a	a	DET
cblr-3021	12	2	graduate	graduate	NOUN
cblr-3021	12	3	of	of	ADP
cblr-3021	12	4	the	the	DET
cblr-3021	12	5	ucla	ucla	NOUN
cblr-3021	12	6	school	school	NOUN
cblr-3021	12	7	of	of	ADP
cblr-3021	12	8	law	law	NOUN
cblr-3021	12	9	and	and	CCONJ
cblr-3021	12	10	the	the	DET
cblr-3021	12	11	anderson	anderson	PROPN
cblr-3021	12	12	school	school	PROPN
cblr-3021	12	13	at	at	ADP
cblr-3021	12	14	ucla	ucla	NOUN
cblr-3021	12	15	,	,	PUNCT
cblr-3021	12	16	he	he	PRON
cblr-3021	12	17	also	also	ADV
cblr-3021	12	18	served	serve	VERB
cblr-3021	12	19	on	on	ADP
cblr-3021	12	20	the	the	DET
cblr-3021	12	21	ucla	ucla	NOUN
cblr-3021	12	22	law	law	PROPN
cblr-3021	12	23	review	review	NOUN
cblr-3021	12	24	.	.	PUNCT
cblr-3021	13	1	*	*	PUNCT
cblr-3021	13	2	*	*	PUNCT
cblr-3021	13	3	*	*	PUNCT
cblr-3021	13	4	lee	lee	PROPN
cblr-3021	13	5	r.	r.	PROPN
cblr-3021	13	6	petillon	petillon	NOUN
cblr-3021	13	7	is	be	AUX
cblr-3021	13	8	a	a	DET
cblr-3021	13	9	partner	partner	NOUN
cblr-3021	13	10	with	with	ADP
cblr-3021	13	11	petillon	petillon	NOUN
cblr-3021	13	12	&	&	CCONJ
cblr-3021	13	13	hiraide	hiraide	PROPN
cblr-3021	13	14	llp	llp	PROPN
cblr-3021	13	15	,	,	PUNCT
cblr-3021	13	16	a	a	DET
cblr-3021	13	17	torrance	torrance	NOUN
cblr-3021	13	18	,	,	PUNCT
cblr-3021	13	19	california	california	PROPN
cblr-3021	13	20	,	,	PUNCT
cblr-3021	13	21	based	base	VERB
cblr-3021	13	22	law	law	NOUN
cblr-3021	13	23	firm	firm	NOUN
cblr-3021	13	24	,	,	PUNCT
cblr-3021	13	25	practicing	practice	VERB
cblr-3021	13	26	corporate	corporate	ADJ
cblr-3021	13	27	and	and	CCONJ
cblr-3021	13	28	securities	security	NOUN
cblr-3021	13	29	law	law	NOUN
cblr-3021	13	30	primarily	primarily	ADV
cblr-3021	13	31	with	with	ADP
cblr-3021	13	32	start	start	NOUN
cblr-3021	13	33	-	-	PUNCT
cblr-3021	13	34	ups	up	NOUN
cblr-3021	13	35	and	and	CCONJ
cblr-3021	13	36	early	early	ADJ
cblr-3021	13	37	stage	stage	NOUN
cblr-3021	13	38	companies	company	NOUN
cblr-3021	13	39	.	.	PUNCT
cblr-3021	14	1	the	the	DET
cblr-3021	14	2	authors	author	NOUN
cblr-3021	14	3	thank	thank	VERB
cblr-3021	14	4	kim	kim	PROPN
cblr-3021	14	5	schelble	schelble	NOUN
cblr-3021	14	6	for	for	ADP
cblr-3021	14	7	excellent	excellent	ADJ
cblr-3021	14	8	research	research	NOUN
cblr-3021	14	9	assistance	assistance	NOUN
cblr-3021	14	10	.	.	PUNCT
cblr-3021	15	1	laura	laura	PROPN
cblr-3021	15	2	bristow	bristow	PROPN
cblr-3021	15	3	,	,	PUNCT
cblr-3021	15	4	charles	charles	PROPN
cblr-3021	15	5	gnecco	gnecco	PROPN
cblr-3021	15	6	,	,	PUNCT
cblr-3021	15	7	and	and	CCONJ
cblr-3021	15	8	jennifer	jennifer	PROPN
cblr-3021	15	9	ku	ku	PROPN
cblr-3021	15	10	are	be	AUX
cblr-3021	15	11	thanked	thank	VERB
cblr-3021	15	12	for	for	ADP
cblr-3021	15	13	proofreading	proofreading	NOUN
cblr-3021	15	14	.	.	PUNCT
cblr-3021	16	1	any	any	DET
cblr-3021	16	2	errors	error	NOUN
cblr-3021	16	3	are	be	AUX
cblr-3021	16	4	our	our	PRON
cblr-3021	16	5	own	own	ADJ
cblr-3021	16	6	.	.	PUNCT
cblr-3021	17	1	2	2	X
cblr-3021	17	2	.	.	X
cblr-3021	17	3	analysis	analysis	NOUN
cblr-3021	17	4	of	of	ADP
cblr-3021	17	5	the	the	DET
cblr-3021	17	6	nsmia	nsmia	NOUN
cblr-3021	17	7	................................	................................	PROPN
cblr-3021	18	1	94	94	NUM
cblr-3021	18	2	b.	b.	PROPN
cblr-3021	18	3	the	the	DET
cblr-3021	18	4	california	california	PROPN
cblr-3021	18	5	capital	capital	PROPN
cblr-3021	18	6	access	access	PROPN
cblr-3021	18	7	company	company	NOUN
cblr-3021	18	8	law	law	NOUN
cblr-3021	18	9	.......	.......	PUNCT
cblr-3021	19	1	96	96	NUM
cblr-3021	19	2	1	1	NUM
cblr-3021	19	3	.	.	PUNCT
cblr-3021	19	4	background	background	NOUN
cblr-3021	19	5	and	and	CCONJ
cblr-3021	19	6	significance	significance	NOUN
cblr-3021	19	7	of	of	ADP
cblr-3021	19	8	the	the	DET
cblr-3021	19	9	act	act	NOUN
cblr-3021	19	10	..........	..........	PUNCT
cblr-3021	20	1	96	96	NUM
cblr-3021	20	2	2	2	X
cblr-3021	20	3	.	.	PUNCT
cblr-3021	20	4	description	description	NOUN
cblr-3021	20	5	of	of	ADP
cblr-3021	20	6	the	the	DET
cblr-3021	20	7	act	act	NOUN
cblr-3021	20	8	..................................	..................................	PUNCT
cblr-3021	21	1	98	98	NUM
cblr-3021	21	2	3	3	NUM
cblr-3021	21	3	.	.	PUNCT
cblr-3021	21	4	analysis	analysis	NOUN
cblr-3021	21	5	of	of	ADP
cblr-3021	21	6	the	the	DET
cblr-3021	21	7	act	act	NOUN
cblr-3021	21	8	.......................................	.......................................	PUNCT
cblr-3021	21	9	99	99	NUM
cblr-3021	21	10	iv	iv	NOUN
cblr-3021	21	11	.	.	PUNCT
cblr-3021	22	1	the	the	DET
cblr-3021	22	2	net	net	ADJ
cblr-3021	22	3	effects	effect	NOUN
cblr-3021	22	4	of	of	ADP
cblr-3021	22	5	nsmia	nsmia	NOUN
cblr-3021	22	6	,	,	PUNCT
cblr-3021	22	7	cacl	cacl	PROPN
cblr-3021	22	8	,	,	PUNCT
cblr-3021	22	9	&	&	CCONJ
cblr-3021	22	10	other	other	ADJ
cblr-3021	22	11	recent	recent	ADJ
cblr-3021	22	12	legislation	legislation	NOUN
cblr-3021	22	13	:	:	PUNCT
cblr-3021	22	14	how	how	SCONJ
cblr-3021	22	15	real	real	ADJ
cblr-3021	22	16	is	be	AUX
cblr-3021	22	17	reform	reform	NOUN
cblr-3021	22	18	?	?	PUNCT
cblr-3021	23	1	................	................	PUNCT
cblr-3021	23	2	.	.	PUNCT
cblr-3021	23	3	.	.	PUNCT
cblr-3021	23	4	.	.	PUNCT
cblr-3021	23	5	.	.	PUNCT
cblr-3021	23	6	.	.	PUNCT
cblr-3021	23	7	.	.	PUNCT
cblr-3021	23	8	.	.	PUNCT
cblr-3021	23	9	.	.	PUNCT
cblr-3021	23	10	.	.	PUNCT
cblr-3021	23	11	.	.	PUNCT
cblr-3021	23	12	.	.	PUNCT
cblr-3021	23	13	.	.	PUNCT
cblr-3021	24	1	.	.	PUNCT
cblr-3021	25	1	.	.	PUNCT
cblr-3021	26	1	104	104	NUM
cblr-3021	26	2	a.	a.	NOUN
cblr-3021	26	3	nasdaq	nasdaq	PROPN
cblr-3021	26	4	reforms	reform	NOUN
cblr-3021	26	5	...............................................	...............................................	PUNCT
cblr-3021	26	6	106	106	NUM
cblr-3021	26	7	b.	b.	NOUN
cblr-3021	26	8	rule	rule	NOUN
cblr-3021	26	9	504	504	NUM
cblr-3021	26	10	of	of	ADP
cblr-3021	26	11	regulation	regulation	NOUN
cblr-3021	26	12	d	d	NOUN
cblr-3021	26	13	amendments	amendment	NOUN
cblr-3021	26	14	..............	..............	PUNCT
cblr-3021	26	15	107	107	NUM
cblr-3021	26	16	c.	c.	PROPN
cblr-3021	26	17	public	public	ADJ
cblr-3021	26	18	venture	venture	NOUN
cblr-3021	26	19	funds	fund	NOUN
cblr-3021	26	20	and	and	CCONJ
cblr-3021	26	21	angel	angel	NOUN
cblr-3021	26	22	investors	investor	NOUN
cblr-3021	26	23	........	........	PUNCT
cblr-3021	27	1	109	109	NUM
cblr-3021	27	2	d	d	NOUN
cblr-3021	27	3	.	.	PUNCT
cblr-3021	28	1	sbic	sbic	ADJ
cblr-3021	28	2	reform	reform	NOUN
cblr-3021	28	3	........................................................	........................................................	PUNCT
cblr-3021	29	1	110	110	NUM
cblr-3021	29	2	e.	e.	PROPN
cblr-3021	29	3	glass	glass	PROPN
cblr-3021	29	4	-	-	PUNCT
cblr-3021	29	5	steagall	steagall	PROPN
cblr-3021	29	6	repeal	repeal	NOUN
cblr-3021	29	7	..........................................	..........................................	PUNCT
cblr-3021	29	8	113	113	NUM
cblr-3021	29	9	f.	f.	NOUN
cblr-3021	29	10	i	i	PRON
cblr-3021	29	11	m	m	VERB
cblr-3021	29	12	m	m	VERB
cblr-3021	29	13	igrant	igrant	ADJ
cblr-3021	29	14	visas	visa	NOUN
cblr-3021	29	15	..................................................	..................................................	PUNCT
cblr-3021	29	16	113	113	NUM
cblr-3021	29	17	g.	g.	NOUN
cblr-3021	29	18	new	new	ADJ
cblr-3021	29	19	private	private	ADJ
cblr-3021	29	20	institutions	institution	NOUN
cblr-3021	29	21	:	:	PUNCT
cblr-3021	29	22	law	law	NOUN
cblr-3021	29	23	and	and	CCONJ
cblr-3021	29	24	management	management	NOUN
cblr-3021	29	25	consulting	consulting	NOUN
cblr-3021	29	26	firms	firm	NOUN
cblr-3021	29	27	..........................	..........................	PUNCT
cblr-3021	29	28	114	114	NUM
cblr-3021	29	29	h	h	NOUN
cblr-3021	29	30	.	.	PUNCT
cblr-3021	30	1	incubators	incubator	NOUN
cblr-3021	30	2	............................................................	............................................................	PUNCT
cblr-3021	31	1	115	115	NUM
cblr-3021	31	2	v.	v.	CCONJ
cblr-3021	31	3	focused	focused	ADJ
cblr-3021	31	4	,	,	PUNCT
cblr-3021	31	5	comprehensive	comprehensive	ADJ
cblr-3021	31	6	,	,	PUNCT
cblr-3021	31	7	and	and	CCONJ
cblr-3021	31	8	modernized	modernize	VERB
cblr-3021	31	9	regulatory	regulatory	ADJ
cblr-3021	31	10	reform	reform	NOUN
cblr-3021	31	11	:	:	PUNCT
cblr-3021	32	1	policy	policy	NOUN
cblr-3021	32	2	concerns	concern	NOUN
cblr-3021	32	3	.........................	.........................	PUNCT
cblr-3021	32	4	117	117	NUM
cblr-3021	32	5	a.	a.	NOUN
cblr-3021	32	6	the	the	DET
cblr-3021	32	7	policy	policy	NOUN
cblr-3021	32	8	debate	debate	NOUN
cblr-3021	32	9	................................................	................................................	PUNCT
cblr-3021	32	10	117	117	NUM
cblr-3021	32	11	b.	b.	PROPN
cblr-3021	32	12	possible	possible	ADJ
cblr-3021	32	13	solutions	solution	NOUN
cblr-3021	32	14	................................................	................................................	PUNCT
cblr-3021	32	15	122	122	NUM
cblr-3021	32	16	1	1	NUM
cblr-3021	32	17	.	.	PUNCT
cblr-3021	32	18	revising	revise	VERB
cblr-3021	32	19	the	the	DET
cblr-3021	32	20	application	application	NOUN
cblr-3021	32	21	of	of	ADP
cblr-3021	32	22	investor	investor	NOUN
cblr-3021	32	23	a	a	DET
cblr-3021	32	24	ccreditation	ccreditation	NOUN
cblr-3021	32	25	...................................................	...................................................	PUNCT
cblr-3021	32	26	122	122	NUM
cblr-3021	32	27	2	2	X
cblr-3021	32	28	.	.	PUNCT
cblr-3021	32	29	adjust	adjust	VERB
cblr-3021	32	30	the	the	DET
cblr-3021	32	31	§	§	PROPN
cblr-3021	32	32	6(d)(1	6(d)(1	NUM
cblr-3021	32	33	)	)	PUNCT
cblr-3021	32	34	offering	offer	VERB
cblr-3021	32	35	exemption	exemption	NOUN
cblr-3021	32	36	am	be	AUX
cblr-3021	32	37	ount	ount	ADJ
cblr-3021	32	38	upward	upward	ADV
cblr-3021	32	39	.............................................	.............................................	PUNCT
cblr-3021	32	40	123	123	NUM
cblr-3021	32	41	3	3	NUM
cblr-3021	32	42	.	.	PUNCT
cblr-3021	33	1	the	the	DET
cblr-3021	33	2	intrastate	intrastate	ADJ
cblr-3021	33	3	restrictions	restriction	NOUN
cblr-3021	33	4	and	and	CCONJ
cblr-3021	33	5	state	state	NOUN
cblr-3021	33	6	oversight	oversight	NOUN
cblr-3021	33	7	in	in	ADP
cblr-3021	33	8	§	§	PROPN
cblr-3021	33	9	6(a)(5	6(a)(5	NUM
cblr-3021	33	10	)	)	PUNCT
cblr-3021	33	11	......................................	......................................	PUNCT
cblr-3021	34	1	123	123	NUM
cblr-3021	34	2	4	4	NUM
cblr-3021	34	3	.	.	PUNCT
cblr-3021	35	1	state	state	NOUN
cblr-3021	35	2	enabling	enable	VERB
cblr-3021	35	3	acts	act	NOUN
cblr-3021	35	4	:	:	PUNCT
cblr-3021	35	5	remove	remove	VERB
cblr-3021	35	6	concomitant	concomitant	ADJ
cblr-3021	35	7	investment	investment	NOUN
cblr-3021	35	8	advisor	advisor	NOUN
cblr-3021	35	9	regulation	regulation	NOUN
cblr-3021	35	10	.....................	.....................	PUNCT
cblr-3021	35	11	124	124	NUM
cblr-3021	35	12	5	5	NUM
cblr-3021	35	13	.	.	PUNCT
cblr-3021	35	14	proscription	proscription	NOUN
cblr-3021	35	15	of	of	ADP
cblr-3021	35	16	issuing	issue	VERB
cblr-3021	35	17	redeemable	redeemable	ADJ
cblr-3021	35	18	securities	security	NOUN
cblr-3021	35	19	........................................................	........................................................	PUNCT
cblr-3021	36	1	124	124	NUM
cblr-3021	36	2	6	6	NUM
cblr-3021	36	3	.	.	PUNCT
cblr-3021	37	1	revisiting	revisit	VERB
cblr-3021	37	2	nasd	nasd	NOUN
cblr-3021	37	3	reforms	reform	NOUN
cblr-3021	37	4	:	:	PUNCT
cblr-3021	37	5	small	small	ADJ
cblr-3021	37	6	cap	cap	NOUN
cblr-3021	37	7	m	m	NOUN
cblr-3021	37	8	arkets	arket	NOUN
cblr-3021	37	9	...........................................................	...........................................................	PUNCT
cblr-3021	38	1	125	125	NUM
cblr-3021	38	2	7	7	NUM
cblr-3021	38	3	.	.	PUNCT
cblr-3021	39	1	revise	revise	NOUN
cblr-3021	39	2	rules	rule	VERB
cblr-3021	39	3	504	504	NUM
cblr-3021	39	4	and	and	CCONJ
cblr-3021	39	5	506	506	NUM
cblr-3021	39	6	:	:	PUNCT
cblr-3021	39	7	create	create	VERB
cblr-3021	39	8	national	national	ADJ
cblr-3021	39	9	general	general	ADJ
cblr-3021	39	10	solicitation	solicitation	NOUN
cblr-3021	39	11	exemptions	exemption	NOUN
cblr-3021	39	12	...................	...................	PUNCT
cblr-3021	40	1	126	126	NUM
cblr-3021	40	2	v	v	NOUN
cblr-3021	40	3	i.	i.	NOUN
cblr-3021	40	4	c	c	PROPN
cblr-3021	40	5	onclusion	onclusion	NOUN
cblr-3021	40	6	..................................................................	..................................................................	PUNCT
cblr-3021	40	7	126	126	NUM
cblr-3021	40	8	v	v	NUM
cblr-3021	40	9	ii	ii	NOUN
cblr-3021	40	10	.	.	PUNCT
cblr-3021	41	1	a	a	DET
cblr-3021	41	2	ppendix	ppendix	NOUN
cblr-3021	41	3	....................................................................	....................................................................	PUNCT
cblr-3021	41	4	128	128	NUM
cblr-3021	41	5	columbia	columbia	PROPN
cblr-3021	41	6	business	business	PROPN
cblr-3021	41	7	la	la	PROPN
cblr-3021	41	8	w	w	PROPN
cblr-3021	41	9	review	review	NOUN
cblr-3021	42	1	[	[	X
cblr-3021	42	2	vol	vol	NOUN
cblr-3021	42	3	.	.	PUNCT
cblr-3021	42	4	2004	2004	NUM
cblr-3021	42	5	venture	venture	NOUN
cblr-3021	42	6	capital	capital	NOUN
cblr-3021	42	7	formation	formation	NOUN
cblr-3021	42	8	and	and	CCONJ
cblr-3021	42	9	access	access	NOUN
cblr-3021	42	10	i.	i.	NOUN
cblr-3021	42	11	introduction	introduction	NOUN
cblr-3021	42	12	despite	despite	SCONJ
cblr-3021	42	13	its	its	PRON
cblr-3021	42	14	acknowledged	acknowledge	VERB
cblr-3021	42	15	importance	importance	NOUN
cblr-3021	42	16	to	to	ADP
cblr-3021	42	17	the	the	DET
cblr-3021	42	18	vitality	vitality	NOUN
cblr-3021	42	19	of	of	ADP
cblr-3021	42	20	the	the	DET
cblr-3021	42	21	american	american	ADJ
cblr-3021	42	22	economy	economy	NOUN
cblr-3021	42	23	,	,	PUNCT
cblr-3021	42	24	venture	venture	NOUN
cblr-3021	42	25	capital	capital	NOUN
cblr-3021	42	26	remains	remains	AUX
cblr-3021	42	27	governed	govern	VERB
cblr-3021	42	28	by	by	ADP
cblr-3021	42	29	a	a	DET
cblr-3021	42	30	patchwork	patchwork	NOUN
cblr-3021	42	31	regulatory	regulatory	ADJ
cblr-3021	42	32	structure	structure	NOUN
cblr-3021	42	33	.	.	PUNCT
cblr-3021	43	1	this	this	DET
cblr-3021	43	2	regulatory	regulatory	ADJ
cblr-3021	43	3	labyrinth	labyrinth	NOUN
cblr-3021	43	4	often	often	ADV
cblr-3021	43	5	proves	prove	VERB
cblr-3021	43	6	onerous	onerous	ADJ
cblr-3021	43	7	to	to	ADP
cblr-3021	43	8	capital	capital	NOUN
cblr-3021	43	9	formation	formation	NOUN
cblr-3021	43	10	and	and	CCONJ
cblr-3021	43	11	access	access	NOUN
cblr-3021	43	12	to	to	ADP
cblr-3021	43	13	activities	activity	NOUN
cblr-3021	43	14	by	by	ADP
cblr-3021	43	15	entrepreneurs	entrepreneur	NOUN
cblr-3021	43	16	and	and	CCONJ
cblr-3021	43	17	investors	investor	NOUN
cblr-3021	43	18	,	,	PUNCT
cblr-3021	43	19	creating	create	VERB
cblr-3021	43	20	various	various	ADJ
cblr-3021	43	21	artificial	artificial	ADJ
cblr-3021	43	22	inefficiencies	inefficiency	NOUN
cblr-3021	43	23	without	without	ADP
cblr-3021	43	24	advancing	advance	VERB
cblr-3021	43	25	any	any	DET
cblr-3021	43	26	justifiable	justifiable	ADJ
cblr-3021	43	27	legislative	legislative	ADJ
cblr-3021	43	28	policy	policy	NOUN
cblr-3021	43	29	aim	aim	NOUN
cblr-3021	43	30	.	.	PUNCT
cblr-3021	44	1	the	the	DET
cblr-3021	44	2	primary	primary	ADJ
cblr-3021	44	3	problem	problem	NOUN
cblr-3021	44	4	is	be	AUX
cblr-3021	44	5	that	that	SCONJ
cblr-3021	44	6	venture	venture	NOUN
cblr-3021	44	7	capital	capital	NOUN
cblr-3021	44	8	firms	firm	NOUN
cblr-3021	44	9	are	be	AUX
cblr-3021	44	10	not	not	PART
cblr-3021	44	11	regulated	regulate	VERB
cblr-3021	44	12	based	base	VERB
cblr-3021	44	13	on	on	ADP
cblr-3021	44	14	their	their	PRON
cblr-3021	44	15	own	own	ADJ
cblr-3021	44	16	unique	unique	ADJ
cblr-3021	44	17	identity	identity	NOUN
cblr-3021	44	18	,	,	PUNCT
cblr-3021	44	19	but	but	CCONJ
cblr-3021	44	20	rather	rather	ADV
cblr-3021	44	21	are	be	AUX
cblr-3021	44	22	incidentally	incidentally	ADV
cblr-3021	44	23	overseen	oversee	VERB
cblr-3021	44	24	by	by	ADP
cblr-3021	44	25	other	other	ADJ
cblr-3021	44	26	securities	security	NOUN
cblr-3021	44	27	and	and	CCONJ
cblr-3021	44	28	investment	investment	NOUN
cblr-3021	44	29	laws	law	NOUN
cblr-3021	44	30	,	,	PUNCT
cblr-3021	44	31	the	the	DET
cblr-3021	44	32	genesis	genesis	NOUN
cblr-3021	44	33	of	of	ADP
cblr-3021	44	34	which	which	PRON
cblr-3021	44	35	derives	derive	VERB
cblr-3021	44	36	from	from	ADP
cblr-3021	44	37	legislation	legislation	NOUN
cblr-3021	44	38	in	in	ADP
cblr-3021	44	39	the	the	DET
cblr-3021	44	40	1930s	1930	NOUN
cblr-3021	44	41	and	and	CCONJ
cblr-3021	44	42	1940s	1940	NOUN
cblr-3021	44	43	-	-	PUNCT
cblr-3021	44	44	a	a	DET
cblr-3021	44	45	time	time	NOUN
cblr-3021	44	46	far	far	ADV
cblr-3021	44	47	removed	remove	VERB
cblr-3021	44	48	from	from	ADP
cblr-3021	44	49	the	the	DET
cblr-3021	44	50	dynamic	dynamic	ADJ
cblr-3021	44	51	role	role	NOUN
cblr-3021	44	52	venture	venture	NOUN
cblr-3021	44	53	capital	capital	NOUN
cblr-3021	44	54	has	have	AUX
cblr-3021	44	55	come	come	VERB
cblr-3021	44	56	to	to	PART
cblr-3021	44	57	play	play	VERB
cblr-3021	44	58	in	in	ADP
cblr-3021	44	59	the	the	DET
cblr-3021	44	60	modern	modern	ADJ
cblr-3021	44	61	american	american	ADJ
cblr-3021	44	62	economy	economy	NOUN
cblr-3021	44	63	.	.	PUNCT
cblr-3021	45	1	the	the	DET
cblr-3021	45	2	literature	literature	NOUN
cblr-3021	45	3	reflects	reflect	VERB
cblr-3021	45	4	the	the	DET
cblr-3021	45	5	dissonant	dissonant	ADJ
cblr-3021	45	6	nature	nature	NOUN
cblr-3021	45	7	of	of	ADP
cblr-3021	45	8	venture	venture	NOUN
cblr-3021	45	9	capital	capital	NOUN
cblr-3021	45	10	regulation	regulation	NOUN
cblr-3021	45	11	.	.	PUNCT
cblr-3021	46	1	the	the	DET
cblr-3021	46	2	contractual	contractual	ADJ
cblr-3021	46	3	nature	nature	NOUN
cblr-3021	46	4	of	of	ADP
cblr-3021	46	5	venture	venture	NOUN
cblr-3021	46	6	capital	capital	NOUN
cblr-3021	46	7	transactions	transaction	NOUN
cblr-3021	46	8	along	along	ADP
cblr-3021	46	9	with	with	ADP
cblr-3021	46	10	the	the	DET
cblr-3021	46	11	recent	recent	ADJ
cblr-3021	46	12	role	role	NOUN
cblr-3021	46	13	of	of	ADP
cblr-3021	46	14	law	law	NOUN
cblr-3021	46	15	firms	firm	NOUN
cblr-3021	46	16	in	in	ADP
cblr-3021	46	17	venture	venture	NOUN
cblr-3021	46	18	financing	financing	NOUN
cblr-3021	46	19	has	have	AUX
cblr-3021	46	20	received	receive	VERB
cblr-3021	46	21	some	some	DET
cblr-3021	46	22	attention.1	attention.1	PROPN
cblr-3021	46	23	the	the	DET
cblr-3021	46	24	discriminatory	discriminatory	ADJ
cblr-3021	46	25	tax	tax	NOUN
cblr-3021	46	26	and	and	CCONJ
cblr-3021	46	27	shareholder	shareholder	NOUN
cblr-3021	46	28	implications	implication	NOUN
cblr-3021	46	29	of	of	ADP
cblr-3021	46	30	the	the	DET
cblr-3021	46	31	regulatory	regulatory	ADJ
cblr-3021	46	32	framework	framework	NOUN
cblr-3021	46	33	overseeing	oversee	VERB
cblr-3021	46	34	venture	venture	NOUN
cblr-3021	46	35	capital	capital	NOUN
cblr-3021	46	36	activity	activity	NOUN
cblr-3021	46	37	also	also	ADV
cblr-3021	46	38	have	have	AUX
cblr-3021	46	39	been	be	AUX
cblr-3021	46	40	discussed.2	discussed.2	NOUN
cblr-3021	46	41	finally	finally	ADV
cblr-3021	46	42	,	,	PUNCT
cblr-3021	46	43	the	the	DET
cblr-3021	46	44	failure	failure	NOUN
cblr-3021	46	45	of	of	ADP
cblr-3021	46	46	the	the	DET
cblr-3021	46	47	business	business	NOUN
cblr-3021	46	48	development	development	NOUN
cblr-3021	46	49	company	company	NOUN
cblr-3021	46	50	(	(	PUNCT
cblr-3021	46	51	"	"	PUNCT
cblr-3021	46	52	bdc	bdc	NOUN
cblr-3021	46	53	"	"	PUNCT
cblr-3021	46	54	)	)	PUNCT
cblr-3021	46	55	program	program	NOUN
cblr-3021	46	56	,	,	PUNCT
cblr-3021	46	57	one	one	NUM
cblr-3021	46	58	of	of	ADP
cblr-3021	46	59	many	many	ADJ
cblr-3021	46	60	congressional	congressional	ADJ
cblr-3021	46	61	attempts	attempt	NOUN
cblr-3021	46	62	to	to	PART
cblr-3021	46	63	enhance	enhance	VERB
cblr-3021	46	64	venture	venture	NOUN
cblr-3021	46	65	activity	activity	NOUN
cblr-3021	46	66	by	by	ADP
cblr-3021	46	67	publicizing	publicize	VERB
cblr-3021	46	68	it	it	PRON
cblr-3021	46	69	instead	instead	ADV
cblr-3021	46	70	of	of	ADP
cblr-3021	46	71	deregulating	deregulate	VERB
cblr-3021	46	72	it	it	PRON
cblr-3021	46	73	,	,	PUNCT
cblr-3021	46	74	has	have	AUX
cblr-3021	46	75	been	be	AUX
cblr-3021	46	76	examined	examine	VERB
cblr-3021	46	77	.	.	PUNCT
cblr-3021	46	78	'	'	PUNCT
cblr-3021	47	1	see	see	VERB
cblr-3021	47	2	peter	peter	PROPN
cblr-3021	47	3	mikhail	mikhail	PROPN
cblr-3021	47	4	,	,	PUNCT
cblr-3021	47	5	note	note	NOUN
cblr-3021	47	6	,	,	PUNCT
cblr-3021	47	7	hopkins	hopkins	PROPN
cblr-3021	47	8	v.	v.	CCONJ
cblr-3021	47	9	cellpro	cellpro	PROPN
cblr-3021	47	10	:	:	PUNCT
cblr-3021	47	11	an	an	DET
cblr-3021	47	12	illustration	illustration	NOUN
cblr-3021	47	13	that	that	SCONJ
cblr-3021	47	14	patenting	patenting	NOUN
cblr-3021	47	15	and	and	CCONJ
cblr-3021	47	16	exclusive	exclusive	ADJ
cblr-3021	47	17	licensing	licensing	NOUN
cblr-3021	47	18	of	of	ADP
cblr-3021	47	19	fundamental	fundamental	ADJ
cblr-3021	47	20	science	science	NOUN
cblr-3021	47	21	is	be	AUX
cblr-3021	47	22	not	not	PART
cblr-3021	47	23	always	always	ADV
cblr-3021	47	24	in	in	ADP
cblr-3021	47	25	the	the	DET
cblr-3021	47	26	public	public	ADJ
cblr-3021	47	27	interest	interest	NOUN
cblr-3021	47	28	,	,	PUNCT
cblr-3021	47	29	13	13	NUM
cblr-3021	47	30	harv	harv	NOUN
cblr-3021	47	31	.	.	PUNCT
cblr-3021	48	1	j.l	j.l	PROPN
cblr-3021	48	2	.	.	PROPN
cblr-3021	48	3	&	&	CCONJ
cblr-3021	48	4	tech	tech	PROPN
cblr-3021	48	5	.	.	PUNCT
cblr-3021	49	1	375	375	NUM
cblr-3021	49	2	(	(	PUNCT
cblr-3021	49	3	2000	2000	NUM
cblr-3021	49	4	)	)	PUNCT
cblr-3021	49	5	;	;	PUNCT
cblr-3021	49	6	alice	alice	PROPN
cblr-3021	49	7	w.	w.	PROPN
cblr-3021	49	8	yao	yao	PROPN
cblr-3021	49	9	,	,	PUNCT
cblr-3021	49	10	comment	comment	NOUN
cblr-3021	49	11	,	,	PUNCT
cblr-3021	49	12	former	former	ADJ
cblr-3021	49	13	corporate	corporate	ADJ
cblr-3021	49	14	officers	officer	NOUN
cblr-3021	49	15	and	and	CCONJ
cblr-3021	49	16	employees	employee	NOUN
cblr-3021	49	17	in	in	ADP
cblr-3021	49	18	the	the	DET
cblr-3021	49	19	context	context	NOUN
cblr-3021	49	20	of	of	ADP
cblr-3021	49	21	the	the	DET
cblr-3021	49	22	collective	collective	ADJ
cblr-3021	49	23	entity	entity	NOUN
cblr-3021	49	24	and	and	CCONJ
cblr-3021	49	25	act	act	NOUN
cblr-3021	49	26	of	of	ADP
cblr-3021	49	27	production	production	NOUN
cblr-3021	49	28	doctrines	doctrine	NOUN
cblr-3021	49	29	,	,	PUNCT
cblr-3021	49	30	68	68	NUM
cblr-3021	49	31	u.	u.	NOUN
cblr-3021	49	32	chi	chi	PROPN
cblr-3021	49	33	.	.	PUNCT
cblr-3021	50	1	l.	l.	PROPN
cblr-3021	50	2	rev	rev	PROPN
cblr-3021	50	3	.	.	PROPN
cblr-3021	50	4	1487	1487	NUM
cblr-3021	50	5	(	(	PUNCT
cblr-3021	50	6	2001	2001	NUM
cblr-3021	50	7	)	)	PUNCT
cblr-3021	50	8	;	;	PUNCT
cblr-3021	50	9	william	william	PROPN
cblr-3021	50	10	w.	w.	PROPN
cblr-3021	50	11	bratton	bratton	PROPN
cblr-3021	50	12	,	,	PUNCT
cblr-3021	50	13	venture	venture	NOUN
cblr-3021	50	14	capital	capital	NOUN
cblr-3021	50	15	on	on	ADP
cblr-3021	50	16	the	the	DET
cblr-3021	50	17	downside	downside	NOUN
cblr-3021	50	18	:	:	PUNCT
cblr-3021	50	19	preferred	preferred	ADJ
cblr-3021	50	20	stock	stock	NOUN
cblr-3021	50	21	and	and	CCONJ
cblr-3021	50	22	corporate	corporate	ADJ
cblr-3021	50	23	control	control	NOUN
cblr-3021	50	24	,	,	PUNCT
cblr-3021	50	25	100	100	NUM
cblr-3021	50	26	mich	mich	X
cblr-3021	50	27	.	.	PUNCT
cblr-3021	51	1	l.	l.	PROPN
cblr-3021	51	2	rev	rev	PROPN
cblr-3021	51	3	.	.	PROPN
cblr-3021	51	4	891	891	NUM
cblr-3021	51	5	(	(	PUNCT
cblr-3021	51	6	2002	2002	NUM
cblr-3021	51	7	)	)	PUNCT
cblr-3021	51	8	.	.	PUNCT
cblr-3021	52	1	2	2	NUM
cblr-3021	52	2	see	see	VERB
cblr-3021	52	3	robert	robert	PROPN
cblr-3021	52	4	j.	j.	PROPN
cblr-3021	52	5	peroni	peroni	PROPN
cblr-3021	52	6	,	,	PUNCT
cblr-3021	52	7	a	a	DET
cblr-3021	52	8	policy	policy	NOUN
cblr-3021	52	9	critique	critique	NOUN
cblr-3021	52	10	of	of	ADP
cblr-3021	52	11	the	the	DET
cblr-3021	52	12	section	section	NOUN
cblr-3021	52	13	469	469	NUM
cblr-3021	52	14	passive	passive	ADJ
cblr-3021	52	15	loss	loss	NOUN
cblr-3021	52	16	rules	rule	NOUN
cblr-3021	52	17	,	,	PUNCT
cblr-3021	52	18	62	62	NUM
cblr-3021	52	19	s.	s.	PROPN
cblr-3021	52	20	cal	cal	PROPN
cblr-3021	52	21	.	.	PUNCT
cblr-3021	53	1	l.	l.	PROPN
cblr-3021	53	2	rev	rev	PROPN
cblr-3021	53	3	.	.	PROPN
cblr-3021	53	4	1	1	NUM
cblr-3021	53	5	(	(	PUNCT
cblr-3021	53	6	1988	1988	NUM
cblr-3021	53	7	)	)	PUNCT
cblr-3021	53	8	;	;	PUNCT
cblr-3021	53	9	ronald	ronald	PROPN
cblr-3021	53	10	j.	j.	PROPN
cblr-3021	53	11	gilson	gilson	PROPN
cblr-3021	53	12	&	&	CCONJ
cblr-3021	53	13	reinier	reinier	PROPN
cblr-3021	53	14	kraakman	kraakman	PROPN
cblr-3021	53	15	,	,	PUNCT
cblr-3021	53	16	investment	investment	NOUN
cblr-3021	53	17	companies	company	NOUN
cblr-3021	53	18	as	as	ADP
cblr-3021	53	19	guardian	guardian	ADJ
cblr-3021	53	20	shareholders	shareholder	NOUN
cblr-3021	53	21	:	:	PUNCT
cblr-3021	53	22	the	the	DET
cblr-3021	53	23	place	place	NOUN
cblr-3021	53	24	of	of	ADP
cblr-3021	53	25	the	the	DET
cblr-3021	53	26	msic	msic	NOUN
cblr-3021	53	27	in	in	ADP
cblr-3021	53	28	the	the	DET
cblr-3021	53	29	corporate	corporate	ADJ
cblr-3021	53	30	governance	governance	NOUN
cblr-3021	53	31	debate	debate	NOUN
cblr-3021	53	32	,	,	PUNCT
cblr-3021	53	33	45	45	NUM
cblr-3021	53	34	stan	stan	PROPN
cblr-3021	53	35	.	.	PUNCT
cblr-3021	54	1	l.	l.	PROPN
cblr-3021	54	2	rev	rev	PROPN
cblr-3021	54	3	.	.	PROPN
cblr-3021	55	1	985	985	NUM
cblr-3021	55	2	(	(	PUNCT
cblr-3021	55	3	1993	1993	NUM
cblr-3021	55	4	)	)	PUNCT
cblr-3021	55	5	.	.	PUNCT
cblr-3021	56	1	a	a	DET
cblr-3021	56	2	see	see	NOUN
cblr-3021	56	3	reginald	reginald	PROPN
cblr-3021	56	4	l.	l.	PROPN
cblr-3021	56	5	thomas	thomas	PROPN
cblr-3021	56	6	&	&	CCONJ
cblr-3021	56	7	paul	paul	PROPN
cblr-3021	56	8	f.	f.	PROPN
cblr-3021	56	9	roye	roye	PROPN
cblr-3021	56	10	,	,	PUNCT
cblr-3021	56	11	regulation	regulation	NOUN
cblr-3021	56	12	of	of	ADP
cblr-3021	56	13	business	business	NOUN
cblr-3021	56	14	development	development	NOUN
cblr-3021	56	15	companies	company	NOUN
cblr-3021	56	16	under	under	ADP
cblr-3021	56	17	the	the	DET
cblr-3021	56	18	investment	investment	NOUN
cblr-3021	56	19	company	company	NOUN
cblr-3021	56	20	act	act	NOUN
cblr-3021	56	21	,	,	PUNCT
cblr-3021	56	22	55	55	NUM
cblr-3021	56	23	s.	s.	PROPN
cblr-3021	56	24	cal	cal	PROPN
cblr-3021	56	25	.	.	PUNCT
cblr-3021	57	1	l.	l.	PROPN
cblr-3021	57	2	rev	rev	PROPN
cblr-3021	57	3	.	.	PROPN
cblr-3021	57	4	895	895	NUM
cblr-3021	57	5	(	(	PUNCT
cblr-3021	57	6	1982	1982	NUM
cblr-3021	57	7	)	)	PUNCT
cblr-3021	57	8	.	.	PUNCT
cblr-3021	58	1	no	no	INTJ
cblr-3021	58	2	.	.	PUNCT
cblr-3021	59	1	1:77	1:77	NUM
cblr-3021	59	2	]	]	X
cblr-3021	59	3	columbia	columbia	PROPN
cblr-3021	59	4	business	business	PROPN
cblr-3021	59	5	law	law	PROPN
cblr-3021	59	6	review	review	NOUN
cblr-3021	59	7	however	however	ADV
cblr-3021	59	8	,	,	PUNCT
cblr-3021	59	9	a	a	DET
cblr-3021	59	10	complete	complete	ADJ
cblr-3021	59	11	analysis	analysis	NOUN
cblr-3021	59	12	of	of	ADP
cblr-3021	59	13	the	the	DET
cblr-3021	59	14	regulations	regulation	NOUN
cblr-3021	59	15	the	the	DET
cblr-3021	59	16	venture	venture	NOUN
cblr-3021	59	17	capitalist	capitalist	NOUN
cblr-3021	59	18	,	,	PUNCT
cblr-3021	59	19	entrepreneur	entrepreneur	NOUN
cblr-3021	59	20	,	,	PUNCT
cblr-3021	59	21	and	and	CCONJ
cblr-3021	59	22	average	average	ADJ
cblr-3021	59	23	investor	investor	NOUN
cblr-3021	59	24	face	face	NOUN
cblr-3021	59	25	in	in	ADP
cblr-3021	59	26	this	this	DET
cblr-3021	59	27	area	area	NOUN
cblr-3021	59	28	remains	remain	VERB
cblr-3021	59	29	significantly	significantly	ADV
cblr-3021	59	30	absent	absent	ADJ
cblr-3021	59	31	from	from	ADP
cblr-3021	59	32	legal	legal	ADJ
cblr-3021	59	33	scholarship	scholarship	NOUN
cblr-3021	59	34	.	.	PUNCT
cblr-3021	60	1	this	this	DET
cblr-3021	60	2	paper	paper	NOUN
cblr-3021	60	3	endeavors	endeavor	NOUN
cblr-3021	60	4	to	to	PART
cblr-3021	60	5	fill	fill	VERB
cblr-3021	60	6	this	this	DET
cblr-3021	60	7	void	void	NOUN
cblr-3021	60	8	in	in	ADP
cblr-3021	60	9	understanding	understand	VERB
cblr-3021	60	10	the	the	DET
cblr-3021	60	11	importance	importance	NOUN
cblr-3021	60	12	of	of	ADP
cblr-3021	60	13	venture	venture	NOUN
cblr-3021	60	14	capital	capital	NOUN
cblr-3021	60	15	,	,	PUNCT
cblr-3021	60	16	how	how	SCONJ
cblr-3021	60	17	it	it	PRON
cblr-3021	60	18	is	be	AUX
cblr-3021	60	19	regulated	regulate	VERB
cblr-3021	60	20	,	,	PUNCT
cblr-3021	60	21	and	and	CCONJ
cblr-3021	60	22	what	what	DET
cblr-3021	60	23	public	public	ADJ
cblr-3021	60	24	policy	policy	NOUN
cblr-3021	60	25	concerns	concern	NOUN
cblr-3021	60	26	may	may	AUX
cblr-3021	60	27	by	by	SCONJ
cblr-3021	60	28	implicated	implicate	VERB
cblr-3021	60	29	.	.	PUNCT
cblr-3021	61	1	as	as	SCONJ
cblr-3021	61	2	the	the	DET
cblr-3021	61	3	reader	reader	NOUN
cblr-3021	61	4	will	will	AUX
cblr-3021	61	5	see	see	VERB
cblr-3021	61	6	,	,	PUNCT
cblr-3021	61	7	the	the	DET
cblr-3021	61	8	regulatory	regulatory	ADJ
cblr-3021	61	9	oversight	oversight	NOUN
cblr-3021	61	10	of	of	ADP
cblr-3021	61	11	venture	venture	NOUN
cblr-3021	61	12	capital	capital	NOUN
cblr-3021	61	13	is	be	AUX
cblr-3021	61	14	highly	highly	ADV
cblr-3021	61	15	complicated	complicated	ADJ
cblr-3021	61	16	,	,	PUNCT
cblr-3021	61	17	multi	multi	ADJ
cblr-3021	61	18	-	-	ADJ
cblr-3021	61	19	layered	layered	ADJ
cblr-3021	61	20	,	,	PUNCT
cblr-3021	61	21	often	often	ADV
cblr-3021	61	22	a	a	DET
cblr-3021	61	23	result	result	NOUN
cblr-3021	61	24	of	of	ADP
cblr-3021	61	25	legislative	legislative	ADJ
cblr-3021	61	26	objectives	objective	NOUN
cblr-3021	61	27	completely	completely	ADV
cblr-3021	61	28	divorced	divorce	VERB
cblr-3021	61	29	from	from	ADP
cblr-3021	61	30	the	the	DET
cblr-3021	61	31	actual	actual	ADJ
cblr-3021	61	32	operations	operation	NOUN
cblr-3021	61	33	of	of	ADP
cblr-3021	61	34	venture	venture	NOUN
cblr-3021	61	35	capital	capital	NOUN
cblr-3021	61	36	firms	firm	NOUN
cblr-3021	61	37	,	,	PUNCT
cblr-3021	61	38	and	and	CCONJ
cblr-3021	61	39	,	,	PUNCT
cblr-3021	61	40	despite	despite	SCONJ
cblr-3021	61	41	purported	purport	VERB
cblr-3021	61	42	reforms	reform	NOUN
cblr-3021	61	43	,	,	PUNCT
cblr-3021	61	44	still	still	ADV
cblr-3021	61	45	highly	highly	ADV
cblr-3021	61	46	incoherent	incoherent	ADJ
cblr-3021	61	47	in	in	ADP
cblr-3021	61	48	nature	nature	NOUN
cblr-3021	61	49	.	.	PUNCT
cblr-3021	62	1	the	the	DET
cblr-3021	62	2	reader	reader	NOUN
cblr-3021	62	3	also	also	ADV
cblr-3021	62	4	will	will	AUX
cblr-3021	62	5	see	see	VERB
cblr-3021	62	6	that	that	SCONJ
cblr-3021	62	7	the	the	DET
cblr-3021	62	8	achievement	achievement	NOUN
cblr-3021	62	9	of	of	ADP
cblr-3021	62	10	a	a	DET
cblr-3021	62	11	more	more	ADV
cblr-3021	62	12	sensible	sensible	ADJ
cblr-3021	62	13	system	system	NOUN
cblr-3021	62	14	,	,	PUNCT
cblr-3021	62	15	in	in	ADP
cblr-3021	62	16	which	which	PRON
cblr-3021	62	17	market	market	NOUN
cblr-3021	62	18	efficiencies	efficiency	NOUN
cblr-3021	62	19	are	be	AUX
cblr-3021	62	20	allowed	allow	VERB
cblr-3021	62	21	to	to	PART
cblr-3021	62	22	operate	operate	VERB
cblr-3021	62	23	and	and	CCONJ
cblr-3021	62	24	all	all	DET
cblr-3021	62	25	investors	investor	NOUN
cblr-3021	62	26	are	be	AUX
cblr-3021	62	27	allowed	allow	VERB
cblr-3021	62	28	to	to	PART
cblr-3021	62	29	have	have	VERB
cblr-3021	62	30	a	a	DET
cblr-3021	62	31	diversified	diversified	ADJ
cblr-3021	62	32	portfolio	portfolio	NOUN
cblr-3021	62	33	inclusive	inclusive	NOUN
cblr-3021	62	34	of	of	ADP
cblr-3021	62	35	venture	venture	NOUN
cblr-3021	62	36	capital	capital	NOUN
cblr-3021	62	37	investments	investment	NOUN
cblr-3021	62	38	,	,	PUNCT
cblr-3021	62	39	raises	raise	VERB
cblr-3021	62	40	the	the	DET
cblr-3021	62	41	most	most	ADV
cblr-3021	62	42	fundamental	fundamental	ADJ
cblr-3021	62	43	policy	policy	NOUN
cblr-3021	62	44	issues	issue	NOUN
cblr-3021	62	45	of	of	ADP
cblr-3021	62	46	the	the	DET
cblr-3021	62	47	american	american	ADJ
cblr-3021	62	48	system	system	NOUN
cblr-3021	62	49	where	where	SCONJ
cblr-3021	62	50	a	a	DET
cblr-3021	62	51	free	free	ADJ
cblr-3021	62	52	market	market	NOUN
cblr-3021	62	53	economy	economy	NOUN
cblr-3021	62	54	is	be	AUX
cblr-3021	62	55	juxtaposed	juxtapose	VERB
cblr-3021	62	56	by	by	ADP
cblr-3021	62	57	safeguards	safeguard	NOUN
cblr-3021	62	58	to	to	PART
cblr-3021	62	59	protect	protect	VERB
cblr-3021	62	60	the	the	DET
cblr-3021	62	61	integrity	integrity	NOUN
cblr-3021	62	62	of	of	ADP
cblr-3021	62	63	the	the	DET
cblr-3021	62	64	markets	market	NOUN
cblr-3021	62	65	.	.	PUNCT
cblr-3021	63	1	through	through	ADP
cblr-3021	63	2	boom	boom	NOUN
cblr-3021	63	3	and	and	CCONJ
cblr-3021	63	4	bust	bust	NOUN
cblr-3021	63	5	,	,	PUNCT
cblr-3021	63	6	the	the	DET
cblr-3021	63	7	vibrancy	vibrancy	NOUN
cblr-3021	63	8	of	of	ADP
cblr-3021	63	9	american	american	ADJ
cblr-3021	63	10	entrepreneurial	entrepreneurial	ADJ
cblr-3021	63	11	activity	activity	NOUN
cblr-3021	63	12	,	,	PUNCT
cblr-3021	63	13	particularly	particularly	ADV
cblr-3021	63	14	its	its	PRON
cblr-3021	63	15	ability	ability	NOUN
cblr-3021	63	16	to	to	PART
cblr-3021	63	17	commercialize	commercialize	VERB
cblr-3021	63	18	all	all	DET
cblr-3021	63	19	manner	manner	NOUN
cblr-3021	63	20	of	of	ADP
cblr-3021	63	21	innovation	innovation	NOUN
cblr-3021	63	22	,	,	PUNCT
cblr-3021	63	23	supported	support	VERB
cblr-3021	63	24	by	by	ADP
cblr-3021	63	25	the	the	DET
cblr-3021	63	26	most	most	ADV
cblr-3021	63	27	efficient	efficient	ADJ
cblr-3021	63	28	markets	market	NOUN
cblr-3021	63	29	in	in	ADP
cblr-3021	63	30	the	the	DET
cblr-3021	63	31	world	world	NOUN
cblr-3021	63	32	,	,	PUNCT
cblr-3021	63	33	has	have	AUX
cblr-3021	63	34	made	make	VERB
cblr-3021	63	35	the	the	DET
cblr-3021	63	36	united	united	PROPN
cblr-3021	63	37	states	states	PROPN
cblr-3021	63	38	an	an	DET
cblr-3021	63	39	economic	economic	ADJ
cblr-3021	63	40	powerhouse	powerhouse	NOUN
cblr-3021	63	41	.	.	PUNCT
cblr-3021	64	1	there	there	PRON
cblr-3021	64	2	are	be	VERB
cblr-3021	64	3	many	many	ADJ
cblr-3021	64	4	factors	factor	NOUN
cblr-3021	64	5	behind	behind	ADP
cblr-3021	64	6	the	the	DET
cblr-3021	64	7	post	post	ADJ
cblr-3021	64	8	-	-	ADJ
cblr-3021	64	9	world	world	ADJ
cblr-3021	64	10	war	war	PROPN
cblr-3021	64	11	ii	ii	PROPN
cblr-3021	64	12	u.s	u.s	PROPN
cblr-3021	64	13	.	.	PROPN
cblr-3021	64	14	economic	economic	ADJ
cblr-3021	64	15	success	success	NOUN
cblr-3021	64	16	story	story	NOUN
cblr-3021	64	17	.	.	PUNCT
cblr-3021	65	1	one	one	NUM
cblr-3021	65	2	undeniable	undeniable	ADJ
cblr-3021	65	3	force	force	NOUN
cblr-3021	65	4	propelling	propel	VERB
cblr-3021	65	5	the	the	DET
cblr-3021	65	6	astounding	astounding	ADJ
cblr-3021	65	7	growth	growth	NOUN
cblr-3021	65	8	has	have	AUX
cblr-3021	65	9	been	be	AUX
cblr-3021	65	10	the	the	DET
cblr-3021	65	11	relative	relative	ADJ
cblr-3021	65	12	abundance	abundance	NOUN
cblr-3021	65	13	of	of	ADP
cblr-3021	65	14	risk	risk	NOUN
cblr-3021	65	15	capital	capital	NOUN
cblr-3021	65	16	available	available	ADJ
cblr-3021	65	17	to	to	ADP
cblr-3021	65	18	new	new	ADJ
cblr-3021	65	19	u.s.-based	u.s.-based	ADJ
cblr-3021	65	20	enterprises	enterprise	NOUN
cblr-3021	65	21	.	.	PUNCT
cblr-3021	65	22	'	'	PUNCT
cblr-3021	66	1	this	this	DET
cblr-3021	66	2	venture	venture	NOUN
cblr-3021	66	3	capital	capital	NOUN
cblr-3021	66	4	provides	provide	VERB
cblr-3021	66	5	fledgling	fledgling	NOUN
cblr-3021	66	6	enterprises	enterprise	NOUN
cblr-3021	66	7	with	with	ADP
cblr-3021	66	8	their	their	PRON
cblr-3021	66	9	life	life	NOUN
cblr-3021	66	10	-	-	PUNCT
cblr-3021	66	11	blood	blood	NOUN
cblr-3021	66	12	,	,	PUNCT
cblr-3021	66	13	namely	namely	ADV
cblr-3021	66	14	the	the	DET
cblr-3021	66	15	cash	cash	NOUN
cblr-3021	66	16	that	that	PRON
cblr-3021	66	17	they	they	PRON
cblr-3021	66	18	need	need	VERB
cblr-3021	66	19	to	to	PART
cblr-3021	66	20	grow	grow	VERB
cblr-3021	66	21	.	.	PUNCT
cblr-3021	67	1	because	because	SCONJ
cblr-3021	67	2	so	so	ADV
cblr-3021	67	3	many	many	ADJ
cblr-3021	67	4	of	of	ADP
cblr-3021	67	5	these	these	DET
cblr-3021	67	6	companies	company	NOUN
cblr-3021	67	7	offer	offer	VERB
cblr-3021	67	8	innovative	innovative	ADJ
cblr-3021	67	9	products	product	NOUN
cblr-3021	67	10	and	and	CCONJ
cblr-3021	67	11	services	service	NOUN
cblr-3021	67	12	,	,	PUNCT
cblr-3021	67	13	venture	venture	NOUN
cblr-3021	67	14	capitalists	capitalist	NOUN
cblr-3021	67	15	perform	perform	VERB
cblr-3021	67	16	a	a	DET
cblr-3021	67	17	vital	vital	ADJ
cblr-3021	67	18	function	function	NOUN
cblr-3021	67	19	for	for	ADP
cblr-3021	67	20	the	the	DET
cblr-3021	67	21	economy	economy	NOUN
cblr-3021	67	22	and	and	CCONJ
cblr-3021	67	23	for	for	ADP
cblr-3021	67	24	society	society	NOUN
cblr-3021	67	25	:	:	PUNCT
cblr-3021	67	26	allocating	allocate	VERB
cblr-3021	67	27	their	their	PRON
cblr-3021	67	28	funds	fund	NOUN
cblr-3021	67	29	through	through	ADP
cblr-3021	67	30	expert	expert	NOUN
cblr-3021	67	31	selection	selection	NOUN
cblr-3021	67	32	and	and	CCONJ
cblr-3021	67	33	'	'	PUNCT
cblr-3021	67	34	that	that	PRON
cblr-3021	67	35	is	be	AUX
cblr-3021	67	36	not	not	PART
cblr-3021	67	37	to	to	PART
cblr-3021	67	38	say	say	VERB
cblr-3021	67	39	that	that	SCONJ
cblr-3021	67	40	the	the	DET
cblr-3021	67	41	availability	availability	NOUN
cblr-3021	67	42	of	of	ADP
cblr-3021	67	43	venture	venture	NOUN
cblr-3021	67	44	capital	capital	NOUN
cblr-3021	67	45	is	be	AUX
cblr-3021	67	46	purely	purely	ADV
cblr-3021	67	47	causal	causal	ADJ
cblr-3021	67	48	.	.	PUNCT
cblr-3021	68	1	investment	investment	NOUN
cblr-3021	68	2	of	of	ADP
cblr-3021	68	3	risk	risk	NOUN
cblr-3021	68	4	capital	capital	NOUN
cblr-3021	68	5	is	be	AUX
cblr-3021	68	6	cyclical	cyclical	ADJ
cblr-3021	68	7	in	in	ADP
cblr-3021	68	8	nature	nature	NOUN
cblr-3021	68	9	and	and	CCONJ
cblr-3021	68	10	therefore	therefore	ADV
cblr-3021	68	11	may	may	AUX
cblr-3021	68	12	be	be	AUX
cblr-3021	68	13	as	as	ADV
cblr-3021	68	14	much	much	ADJ
cblr-3021	68	15	a	a	DET
cblr-3021	68	16	reflection	reflection	NOUN
cblr-3021	68	17	as	as	SCONJ
cblr-3021	68	18	it	it	PRON
cblr-3021	68	19	is	be	AUX
cblr-3021	68	20	a	a	DET
cblr-3021	68	21	cause	cause	NOUN
cblr-3021	68	22	of	of	ADP
cblr-3021	68	23	economic	economic	ADJ
cblr-3021	68	24	expansion	expansion	NOUN
cblr-3021	68	25	.	.	PUNCT
cblr-3021	69	1	see	see	VERB
cblr-3021	69	2	cynthia	cynthia	PROPN
cblr-3021	69	3	a.	a.	PROPN
cblr-3021	69	4	beltz	beltz	PROPN
cblr-3021	69	5	,	,	PUNCT
cblr-3021	69	6	financing	financing	NOUN
cblr-3021	69	7	entrepreneurs	entrepreneur	NOUN
cblr-3021	69	8	20	20	NUM
cblr-3021	69	9	-	-	SYM
cblr-3021	69	10	26	26	NUM
cblr-3021	69	11	(	(	PUNCT
cblr-3021	69	12	1994	1994	NUM
cblr-3021	69	13	)	)	PUNCT
cblr-3021	69	14	.	.	PUNCT
cblr-3021	70	1	however	however	ADV
cblr-3021	70	2	,	,	PUNCT
cblr-3021	70	3	the	the	DET
cblr-3021	70	4	abundance	abundance	NOUN
cblr-3021	70	5	of	of	ADP
cblr-3021	70	6	venture	venture	NOUN
cblr-3021	70	7	capital	capital	NOUN
cblr-3021	70	8	and	and	CCONJ
cblr-3021	70	9	an	an	DET
cblr-3021	70	10	entrepreneurial	entrepreneurial	ADJ
cblr-3021	70	11	mindset	mindset	NOUN
cblr-3021	70	12	unarguably	unarguably	ADV
cblr-3021	70	13	are	be	AUX
cblr-3021	70	14	part	part	NOUN
cblr-3021	70	15	of	of	ADP
cblr-3021	70	16	the	the	DET
cblr-3021	70	17	united	united	PROPN
cblr-3021	70	18	states	states	PROPN
cblr-3021	70	19	'	'	PART
cblr-3021	70	20	considerable	considerable	ADJ
cblr-3021	70	21	economic	economic	ADJ
cblr-3021	70	22	advantage	advantage	NOUN
cblr-3021	70	23	over	over	ADP
cblr-3021	70	24	other	other	ADJ
cblr-3021	70	25	countries	country	NOUN
cblr-3021	70	26	where	where	SCONJ
cblr-3021	70	27	they	they	PRON
cblr-3021	70	28	are	be	AUX
cblr-3021	70	29	all	all	ADV
cblr-3021	70	30	but	but	CCONJ
cblr-3021	70	31	entirely	entirely	ADV
cblr-3021	70	32	absent	absent	ADJ
cblr-3021	70	33	.	.	PUNCT
cblr-3021	71	1	see	see	VERB
cblr-3021	71	2	i	i	PRON
cblr-3021	71	3	d.	d.	PROPN
cblr-3021	71	4	at	at	ADP
cblr-3021	71	5	31	31	NUM
cblr-3021	71	6	-	-	SYM
cblr-3021	71	7	32	32	NUM
cblr-3021	71	8	,	,	PUNCT
cblr-3021	71	9	45	45	NUM
cblr-3021	71	10	-	-	SYM
cblr-3021	71	11	46	46	NUM
cblr-3021	71	12	.	.	PUNCT
cblr-3021	72	1	[	[	X
cblr-3021	72	2	vol	vol	NOUN
cblr-3021	72	3	.	.	PUNCT
cblr-3021	72	4	2004	2004	NUM
cblr-3021	72	5	venture	venture	NOUN
cblr-3021	72	6	capital	capital	NOUN
cblr-3021	72	7	formation	formation	NOUN
cblr-3021	72	8	and	and	CCONJ
cblr-3021	72	9	access	access	NOUN
cblr-3021	72	10	management	management	NOUN
cblr-3021	72	11	in	in	ADP
cblr-3021	72	12	order	order	NOUN
cblr-3021	72	13	to	to	PART
cblr-3021	72	14	bring	bring	VERB
cblr-3021	72	15	the	the	DET
cblr-3021	72	16	most	most	ADV
cblr-3021	72	17	promising	promising	ADJ
cblr-3021	72	18	inventions	invention	NOUN
cblr-3021	72	19	to	to	PART
cblr-3021	72	20	fruition	fruition	VERB
cblr-3021	72	21	.	.	PUNCT
cblr-3021	73	1	the	the	DET
cblr-3021	73	2	venture	venture	NOUN
cblr-3021	73	3	capitalist	capitalist	NOUN
cblr-3021	73	4	plays	play	VERB
cblr-3021	73	5	a	a	DET
cblr-3021	73	6	critical	critical	ADJ
cblr-3021	73	7	role	role	NOUN
cblr-3021	73	8	in	in	ADP
cblr-3021	73	9	mitigating	mitigate	VERB
cblr-3021	73	10	the	the	DET
cblr-3021	73	11	risks	risk	NOUN
cblr-3021	73	12	inherent	inherent	ADJ
cblr-3021	73	13	to	to	ADP
cblr-3021	73	14	the	the	DET
cblr-3021	73	15	pursuit	pursuit	NOUN
cblr-3021	73	16	of	of	ADP
cblr-3021	73	17	economic	economic	ADJ
cblr-3021	73	18	and	and	CCONJ
cblr-3021	73	19	technological	technological	ADJ
cblr-3021	73	20	advances	advance	NOUN
cblr-3021	73	21	.	.	PUNCT
cblr-3021	74	1	without	without	ADP
cblr-3021	74	2	the	the	DET
cblr-3021	74	3	selection	selection	NOUN
cblr-3021	74	4	,	,	PUNCT
cblr-3021	74	5	investment	investment	NOUN
cblr-3021	74	6	,	,	PUNCT
cblr-3021	74	7	and	and	CCONJ
cblr-3021	74	8	active	active	ADJ
cblr-3021	74	9	management	management	NOUN
cblr-3021	74	10	of	of	ADP
cblr-3021	74	11	venture	venture	NOUN
cblr-3021	74	12	capitalists	capitalist	NOUN
cblr-3021	74	13	,	,	PUNCT
cblr-3021	74	14	economic	economic	ADJ
cblr-3021	74	15	and	and	CCONJ
cblr-3021	74	16	technological	technological	ADJ
cblr-3021	74	17	progress	progress	NOUN
cblr-3021	74	18	would	would	AUX
cblr-3021	74	19	be	be	AUX
cblr-3021	74	20	much	much	ADV
cblr-3021	74	21	more	more	ADV
cblr-3021	74	22	difficult	difficult	ADJ
cblr-3021	74	23	because	because	SCONJ
cblr-3021	74	24	there	there	PRON
cblr-3021	74	25	are	be	VERB
cblr-3021	74	26	limited	limited	ADJ
cblr-3021	74	27	sources	source	NOUN
cblr-3021	74	28	of	of	ADP
cblr-3021	74	29	risk	risk	NOUN
cblr-3021	74	30	capital	capital	NOUN
cblr-3021	74	31	and	and	CCONJ
cblr-3021	74	32	an	an	DET
cblr-3021	74	33	even	even	ADV
cblr-3021	74	34	more	more	ADV
cblr-3021	74	35	limited	limit	VERB
cblr-3021	74	36	amount	amount	NOUN
cblr-3021	74	37	of	of	ADP
cblr-3021	74	38	managers	manager	NOUN
cblr-3021	74	39	experienced	experience	VERB
cblr-3021	74	40	in	in	ADP
cblr-3021	74	41	overseeing	oversee	VERB
cblr-3021	74	42	the	the	DET
cblr-3021	74	43	growth	growth	NOUN
cblr-3021	74	44	of	of	ADP
cblr-3021	74	45	new	new	ADJ
cblr-3021	74	46	companies	company	NOUN
cblr-3021	74	47	.	.	PUNCT
cblr-3021	75	1	furthermore	furthermore	ADV
cblr-3021	75	2	,	,	PUNCT
cblr-3021	75	3	small	small	ADJ
cblr-3021	75	4	businesses	business	NOUN
cblr-3021	75	5	,	,	PUNCT
cblr-3021	75	6	with	with	ADP
cblr-3021	75	7	less	less	ADJ
cblr-3021	75	8	than	than	ADP
cblr-3021	75	9	500	500	NUM
cblr-3021	75	10	employees	employee	NOUN
cblr-3021	75	11	,	,	PUNCT
cblr-3021	75	12	now	now	ADV
cblr-3021	75	13	account	account	VERB
cblr-3021	75	14	for	for	ADP
cblr-3021	75	15	almost	almost	ADV
cblr-3021	75	16	all	all	PRON
cblr-3021	75	17	of	of	ADP
cblr-3021	75	18	the	the	DET
cblr-3021	75	19	new	new	ADJ
cblr-3021	75	20	jobs	job	NOUN
cblr-3021	75	21	created.5	created.5	PROPN
cblr-3021	75	22	thus	thus	ADV
cblr-3021	75	23	,	,	PUNCT
cblr-3021	75	24	the	the	DET
cblr-3021	75	25	capital	capital	NOUN
cblr-3021	75	26	that	that	PRON
cblr-3021	75	27	funds	fund	VERB
cblr-3021	75	28	the	the	DET
cblr-3021	75	29	birth	birth	NOUN
cblr-3021	75	30	and	and	CCONJ
cblr-3021	75	31	the	the	DET
cblr-3021	75	32	expansion	expansion	NOUN
cblr-3021	75	33	of	of	ADP
cblr-3021	75	34	emerging	emerge	VERB
cblr-3021	75	35	companies	company	NOUN
cblr-3021	75	36	truly	truly	ADV
cblr-3021	75	37	fuels	fuel	VERB
cblr-3021	75	38	the	the	DET
cblr-3021	75	39	engine	engine	NOUN
cblr-3021	75	40	of	of	ADP
cblr-3021	75	41	economic	economic	ADJ
cblr-3021	75	42	growth.6	growth.6	PROPN
cblr-3021	75	43	the	the	DET
cblr-3021	75	44	united	united	PROPN
cblr-3021	75	45	states	states	PROPN
cblr-3021	75	46	leads	lead	VERB
cblr-3021	75	47	the	the	DET
cblr-3021	75	48	world	world	NOUN
cblr-3021	75	49	in	in	ADP
cblr-3021	75	50	venture	venture	NOUN
cblr-3021	75	51	capital	capital	NOUN
cblr-3021	75	52	.	.	PUNCT
cblr-3021	75	53	'	'	PUNCT
cblr-3021	76	1	since	since	SCONJ
cblr-3021	76	2	the	the	DET
cblr-3021	76	3	recession	recession	NOUN
cblr-3021	76	4	of	of	ADP
cblr-3021	76	5	1990	1990	NUM
cblr-3021	76	6	-	-	SYM
cblr-3021	76	7	91	91	NUM
cblr-3021	76	8	,	,	PUNCT
cblr-3021	76	9	the	the	DET
cblr-3021	76	10	amount	amount	NOUN
cblr-3021	76	11	of	of	ADP
cblr-3021	76	12	venture	venture	NOUN
cblr-3021	76	13	capital	capital	NOUN
cblr-3021	76	14	invested	invest	VERB
cblr-3021	76	15	in	in	ADP
cblr-3021	76	16	start	start	NOUN
cblr-3021	76	17	-	-	PUNCT
cblr-3021	76	18	ups	up	NOUN
cblr-3021	76	19	has	have	AUX
cblr-3021	76	20	skyrocketed	skyrocket	VERB
cblr-3021	76	21	from	from	ADP
cblr-3021	76	22	roughly	roughly	ADV
cblr-3021	76	23	$	$	SYM
cblr-3021	76	24	1.2	1.2	NUM
cblr-3021	76	25	5	5	NUM
cblr-3021	76	26	see	see	VERB
cblr-3021	76	27	office	office	NOUN
cblr-3021	76	28	of	of	ADP
cblr-3021	76	29	econ	econ	PROPN
cblr-3021	76	30	.	.	PUNCT
cblr-3021	77	1	research	research	PROPN
cblr-3021	77	2	,	,	PUNCT
cblr-3021	77	3	u.s	u.s	PROPN
cblr-3021	77	4	.	.	PROPN
cblr-3021	77	5	small	small	ADJ
cblr-3021	77	6	bus	bus	NOUN
cblr-3021	77	7	.	.	PUNCT
cblr-3021	78	1	admin	admin	PROPN
cblr-3021	78	2	.	.	PROPN
cblr-3021	78	3	,	,	PUNCT
cblr-3021	78	4	the	the	DET
cblr-3021	78	5	new	new	ADJ
cblr-3021	78	6	american	american	ADJ
cblr-3021	78	7	evolution	evolution	NOUN
cblr-3021	78	8	:	:	PUNCT
cblr-3021	78	9	the	the	DET
cblr-3021	78	10	role	role	NOUN
cblr-3021	78	11	and	and	CCONJ
cblr-3021	78	12	impact	impact	NOUN
cblr-3021	78	13	of	of	ADP
cblr-3021	78	14	small	small	ADJ
cblr-3021	78	15	firms	firm	NOUN
cblr-3021	78	16	(	(	PUNCT
cblr-3021	78	17	1998	1998	NUM
cblr-3021	78	18	)	)	PUNCT
cblr-3021	78	19	;	;	PUNCT
cblr-3021	78	20	see	see	VERB
cblr-3021	78	21	also	also	ADV
cblr-3021	78	22	office	office	NOUN
cblr-3021	78	23	of	of	ADP
cblr-3021	78	24	advocacy	advocacy	NOUN
cblr-3021	78	25	,	,	PUNCT
cblr-3021	78	26	u.s	u.s	PROPN
cblr-3021	78	27	.	.	PROPN
cblr-3021	78	28	small	small	ADJ
cblr-3021	78	29	bus	bus	NOUN
cblr-3021	78	30	.	.	PUNCT
cblr-3021	79	1	admin	admin	PROPN
cblr-3021	79	2	.	.	PROPN
cblr-3021	79	3	,	,	PUNCT
cblr-3021	79	4	small	small	ADJ
cblr-3021	79	5	business	business	NOUN
cblr-3021	79	6	answer	answer	NOUN
cblr-3021	79	7	card	card	NOUN
cblr-3021	79	8	1998	1998	NUM
cblr-3021	79	9	,	,	PUNCT
cblr-3021	79	10	at	at	ADP
cblr-3021	79	11	http://www.sba.gov/advo/stats/answer.pdf	http://www.sba.gov/advo/stats/answer.pdf	PROPN
cblr-3021	79	12	(	(	PUNCT
cblr-3021	79	13	last	last	ADV
cblr-3021	79	14	visited	visit	VERB
cblr-3021	79	15	dec	dec	PROPN
cblr-3021	79	16	.	.	PROPN
cblr-3021	79	17	2	2	NUM
cblr-3021	79	18	,	,	PUNCT
cblr-3021	79	19	1999	1999	NUM
cblr-3021	79	20	)	)	PUNCT
cblr-3021	79	21	;	;	PUNCT
cblr-3021	79	22	duke	duke	PROPN
cblr-3021	79	23	k.	k.	PROPN
cblr-3021	79	24	bristow	bristow	PROPN
cblr-3021	79	25	&	&	CCONJ
cblr-3021	79	26	lee	lee	PROPN
cblr-3021	79	27	r.	r.	PROPN
cblr-3021	79	28	petillon	petillon	PROPN
cblr-3021	79	29	,	,	PUNCT
cblr-3021	79	30	public	public	ADJ
cblr-3021	79	31	venture	venture	NOUN
cblr-3021	79	32	capital	capital	NOUN
cblr-3021	79	33	funds	fund	NOUN
cblr-3021	79	34	:	:	PUNCT
cblr-3021	79	35	new	new	ADJ
cblr-3021	79	36	relief	relief	NOUN
cblr-3021	79	37	from	from	ADP
cblr-3021	79	38	the	the	DET
cblr-3021	79	39	investment	investment	NOUN
cblr-3021	79	40	company	company	NOUN
cblr-3021	79	41	act	act	NOUN
cblr-3021	79	42	of	of	ADP
cblr-3021	79	43	1940	1940	NUM
cblr-3021	79	44	,	,	PUNCT
cblr-3021	79	45	18	18	NUM
cblr-3021	79	46	ann	ann	PROPN
cblr-3021	79	47	.	.	PUNCT
cblr-3021	80	1	rev	rev	PROPN
cblr-3021	80	2	.	.	PROPN
cblr-3021	80	3	banking	banking	PROPN
cblr-3021	80	4	l.	l.	PROPN
cblr-3021	80	5	393	393	NUM
cblr-3021	80	6	,	,	PUNCT
cblr-3021	80	7	431	431	NUM
cblr-3021	80	8	n.219	n.219	NOUN
cblr-3021	80	9	(	(	PUNCT
cblr-3021	80	10	1999	1999	NUM
cblr-3021	80	11	)	)	PUNCT
cblr-3021	80	12	(	(	PUNCT
cblr-3021	80	13	according	accord	VERB
cblr-3021	80	14	to	to	ADP
cblr-3021	80	15	a	a	DET
cblr-3021	80	16	communication	communication	NOUN
cblr-3021	80	17	between	between	ADP
cblr-3021	80	18	the	the	DET
cblr-3021	80	19	authors	author	NOUN
cblr-3021	80	20	and	and	CCONJ
cblr-3021	80	21	gregory	gregory	PROPN
cblr-3021	80	22	j.	j.	PROPN
cblr-3021	80	23	dean	dean	PROPN
cblr-3021	80	24	,	,	PUNCT
cblr-3021	80	25	jr	jr	PROPN
cblr-3021	80	26	.	.	PROPN
cblr-3021	80	27	,	,	PUNCT
cblr-3021	80	28	assistant	assistant	ADJ
cblr-3021	80	29	chief	chief	ADJ
cblr-3021	80	30	counsel	counsel	NOUN
cblr-3021	80	31	for	for	ADP
cblr-3021	80	32	banking	banking	NOUN
cblr-3021	80	33	and	and	CCONJ
cblr-3021	80	34	finance	finance	NOUN
cblr-3021	80	35	in	in	ADP
cblr-3021	80	36	the	the	DET
cblr-3021	80	37	office	office	NOUN
cblr-3021	80	38	of	of	ADP
cblr-3021	80	39	advocacy	advocacy	NOUN
cblr-3021	80	40	for	for	ADP
cblr-3021	80	41	the	the	DET
cblr-3021	80	42	small	small	ADJ
cblr-3021	80	43	business	business	PROPN
cblr-3021	80	44	administration	administration	NOUN
cblr-3021	80	45	(	(	PUNCT
cblr-3021	80	46	"	"	PUNCT
cblr-3021	80	47	sba	sba	NOUN
cblr-3021	80	48	"	"	PUNCT
cblr-3021	80	49	)	)	PUNCT
cblr-3021	80	50	,	,	PUNCT
cblr-3021	80	51	between	between	ADP
cblr-3021	80	52	1979	1979	NUM
cblr-3021	80	53	and	and	CCONJ
cblr-3021	80	54	1993	1993	NUM
cblr-3021	80	55	,	,	PUNCT
cblr-3021	80	56	fortune	fortune	NOUN
cblr-3021	80	57	500	500	NUM
cblr-3021	80	58	employment	employment	NOUN
cblr-3021	80	59	dropped	drop	VERB
cblr-3021	80	60	from	from	ADP
cblr-3021	80	61	16	16	NUM
cblr-3021	80	62	million	million	NUM
cblr-3021	80	63	to	to	ADP
cblr-3021	80	64	11.5	11.5	NUM
cblr-3021	80	65	million	million	NUM
cblr-3021	80	66	jobs	job	NOUN
cblr-3021	80	67	,	,	PUNCT
cblr-3021	80	68	while	while	SCONJ
cblr-3021	80	69	small	small	ADJ
cblr-3021	80	70	businesses	business	NOUN
cblr-3021	80	71	generated	generate	VERB
cblr-3021	80	72	over	over	ADP
cblr-3021	80	73	24	24	NUM
cblr-3021	80	74	million	million	NUM
cblr-3021	80	75	new	new	ADJ
cblr-3021	80	76	jobs	job	NOUN
cblr-3021	80	77	)	)	PUNCT
cblr-3021	80	78	.	.	PUNCT
cblr-3021	81	1	6	6	NUM
cblr-3021	81	2	in	in	ADP
cblr-3021	81	3	1994	1994	NUM
cblr-3021	81	4	,	,	PUNCT
cblr-3021	81	5	roughly	roughly	ADV
cblr-3021	81	6	at	at	ADP
cblr-3021	81	7	the	the	DET
cblr-3021	81	8	midpoint	midpoint	NOUN
cblr-3021	81	9	of	of	ADP
cblr-3021	81	10	the	the	DET
cblr-3021	81	11	last	last	ADJ
cblr-3021	81	12	economic	economic	ADJ
cblr-3021	81	13	expansion	expansion	NOUN
cblr-3021	81	14	,	,	PUNCT
cblr-3021	81	15	small	small	ADJ
cblr-3021	81	16	businesses	business	NOUN
cblr-3021	81	17	accounted	account	VERB
cblr-3021	81	18	for	for	ADP
cblr-3021	81	19	99.7	99.7	NUM
cblr-3021	81	20	%	%	NOUN
cblr-3021	81	21	of	of	ADP
cblr-3021	81	22	the	the	DET
cblr-3021	81	23	nation	nation	NOUN
cblr-3021	81	24	's	's	PART
cblr-3021	81	25	employers	employer	NOUN
cblr-3021	81	26	,	,	PUNCT
cblr-3021	81	27	employed	employ	VERB
cblr-3021	81	28	50	50	NUM
cblr-3021	81	29	%	%	NOUN
cblr-3021	81	30	of	of	ADP
cblr-3021	81	31	the	the	DET
cblr-3021	81	32	private	private	ADJ
cblr-3021	81	33	work	work	NOUN
cblr-3021	81	34	force	force	NOUN
cblr-3021	81	35	,	,	PUNCT
cblr-3021	81	36	contributed	contribute	VERB
cblr-3021	81	37	52	52	NUM
cblr-3021	81	38	%	%	NOUN
cblr-3021	81	39	of	of	ADP
cblr-3021	81	40	all	all	DET
cblr-3021	81	41	sales	sale	NOUN
cblr-3021	81	42	in	in	ADP
cblr-3021	81	43	the	the	DET
cblr-3021	81	44	united	united	PROPN
cblr-3021	81	45	states	states	PROPN
cblr-3021	81	46	,	,	PUNCT
cblr-3021	81	47	and	and	CCONJ
cblr-3021	81	48	were	be	AUX
cblr-3021	81	49	responsible	responsible	ADJ
cblr-3021	81	50	for	for	ADP
cblr-3021	81	51	50	50	NUM
cblr-3021	81	52	%	%	NOUN
cblr-3021	81	53	of	of	ADP
cblr-3021	81	54	the	the	DET
cblr-3021	81	55	private	private	ADJ
cblr-3021	81	56	gross	gross	ADJ
cblr-3021	81	57	domestic	domestic	ADJ
cblr-3021	81	58	product	product	NOUN
cblr-3021	81	59	.	.	PUNCT
cblr-3021	82	1	see	see	VERB
cblr-3021	82	2	hearing	hear	VERB
cblr-3021	82	3	on	on	ADP
cblr-3021	82	4	small	small	ADJ
cblr-3021	82	5	business	business	NOUN
cblr-3021	82	6	'	'	PUNCT
cblr-3021	82	7	access	access	NOUN
cblr-3021	82	8	to	to	ADP
cblr-3021	82	9	capital	capital	NOUN
cblr-3021	82	10	:	:	PUNCT
cblr-3021	82	11	impediments	impediment	NOUN
cblr-3021	82	12	and	and	CCONJ
cblr-3021	82	13	options	option	NOUN
cblr-3021	82	14	before	before	ADP
cblr-3021	82	15	the	the	DET
cblr-3021	82	16	house	house	PROPN
cblr-3021	82	17	committee	committee	PROPN
cblr-3021	82	18	on	on	ADP
cblr-3021	82	19	small	small	ADJ
cblr-3021	82	20	business	business	NOUN
cblr-3021	82	21	,	,	PUNCT
cblr-3021	82	22	104th	104th	PROPN
cblr-3021	82	23	cong	cong	NOUN
cblr-3021	82	24	.	.	PUNCT
cblr-3021	83	1	(	(	PUNCT
cblr-3021	83	2	1996	1996	NUM
cblr-3021	83	3	)	)	PUNCT
cblr-3021	83	4	(	(	PUNCT
cblr-3021	83	5	statement	statement	NOUN
cblr-3021	83	6	of	of	ADP
cblr-3021	83	7	rep	rep	PROPN
cblr-3021	83	8	.	.	PROPN
cblr-3021	83	9	jan	jan	PROPN
cblr-3021	83	10	meyers	meyers	PROPN
cblr-3021	83	11	,	,	PUNCT
cblr-3021	83	12	chair	chair	NOUN
cblr-3021	83	13	of	of	ADP
cblr-3021	83	14	the	the	DET
cblr-3021	83	15	committee	committee	NOUN
cblr-3021	83	16	)	)	PUNCT
cblr-3021	83	17	.	.	PUNCT
cblr-3021	83	18	'	'	PUNCT
cblr-3021	84	1	stifling	stifle	VERB
cblr-3021	84	2	regulations	regulation	NOUN
cblr-3021	84	3	and	and	CCONJ
cblr-3021	84	4	alliances	alliance	NOUN
cblr-3021	84	5	between	between	ADP
cblr-3021	84	6	the	the	DET
cblr-3021	84	7	political	political	ADJ
cblr-3021	84	8	elite	elite	NOUN
cblr-3021	84	9	and	and	CCONJ
cblr-3021	84	10	established	established	ADJ
cblr-3021	84	11	firms	firm	NOUN
cblr-3021	84	12	inhibit	inhibit	VERB
cblr-3021	84	13	start	start	NOUN
cblr-3021	84	14	-	-	PUNCT
cblr-3021	84	15	ups	up	NOUN
cblr-3021	84	16	abroad	abroad	ADV
cblr-3021	84	17	.	.	PUNCT
cblr-3021	85	1	see	see	VERB
cblr-3021	85	2	beltz	beltz	PROPN
cblr-3021	85	3	,	,	PUNCT
cblr-3021	85	4	supra	supra	PROPN
cblr-3021	85	5	note	note	NOUN
cblr-3021	85	6	4	4	NUM
cblr-3021	85	7	,	,	PUNCT
cblr-3021	85	8	at	at	ADP
cblr-3021	85	9	3132	3132	NUM
cblr-3021	85	10	,	,	PUNCT
cblr-3021	85	11	92	92	NUM
cblr-3021	85	12	.	.	PUNCT
cblr-3021	86	1	for	for	ADP
cblr-3021	86	2	instance	instance	NOUN
cblr-3021	86	3	,	,	PUNCT
cblr-3021	86	4	during	during	ADP
cblr-3021	86	5	the	the	DET
cblr-3021	86	6	most	most	ADV
cblr-3021	86	7	recent	recent	ADJ
cblr-3021	86	8	downturn	downturn	NOUN
cblr-3021	86	9	in	in	ADP
cblr-3021	86	10	venture	venture	NOUN
cblr-3021	86	11	capital	capital	NOUN
cblr-3021	86	12	,	,	PUNCT
cblr-3021	86	13	the	the	DET
cblr-3021	86	14	number	number	NOUN
cblr-3021	86	15	of	of	ADP
cblr-3021	86	16	new	new	ADJ
cblr-3021	86	17	companies	company	NOUN
cblr-3021	86	18	formed	form	VERB
cblr-3021	86	19	in	in	ADP
cblr-3021	86	20	the	the	DET
cblr-3021	86	21	united	united	PROPN
cblr-3021	86	22	states	states	PROPN
cblr-3021	86	23	were	be	AUX
cblr-3021	86	24	still	still	ADV
cblr-3021	86	25	tenfold	tenfold	ADV
cblr-3021	86	26	greater	great	ADJ
cblr-3021	86	27	than	than	ADP
cblr-3021	86	28	the	the	DET
cblr-3021	86	29	number	number	NOUN
cblr-3021	86	30	in	in	ADP
cblr-3021	86	31	japan	japan	PROPN
cblr-3021	86	32	.	.	PUNCT
cblr-3021	87	1	see	see	VERB
cblr-3021	87	2	i	i	PRON
cblr-3021	87	3	d.	d.	PROPN
cblr-3021	87	4	at	at	ADP
cblr-3021	87	5	32	32	NUM
cblr-3021	87	6	.	.	PUNCT
cblr-3021	88	1	no	no	INTJ
cblr-3021	88	2	.	.	PUNCT
cblr-3021	89	1	1:77	1:77	NUM
cblr-3021	89	2	]	]	X
cblr-3021	89	3	columbia	columbia	PROPN
cblr-3021	89	4	business	business	PROPN
cblr-3021	89	5	law	law	PROPN
cblr-3021	89	6	review	review	VERB
cblr-3021	89	7	billion	billion	NUM
cblr-3021	89	8	to	to	ADP
cblr-3021	89	9	the	the	DET
cblr-3021	89	10	peak	peak	NOUN
cblr-3021	89	11	of	of	ADP
cblr-3021	89	12	$	$	SYM
cblr-3021	89	13	70	70	NUM
cblr-3021	89	14	billion	billion	NUM
cblr-3021	89	15	in	in	ADP
cblr-3021	89	16	2000.8	2000.8	NUM
cblr-3021	89	17	even	even	ADV
cblr-3021	89	18	with	with	ADP
cblr-3021	89	19	the	the	DET
cblr-3021	89	20	current	current	ADJ
cblr-3021	89	21	slowdown	slowdown	NOUN
cblr-3021	89	22	,	,	PUNCT
cblr-3021	89	23	venture	venture	NOUN
cblr-3021	89	24	investments	investment	NOUN
cblr-3021	89	25	have	have	AUX
cblr-3021	89	26	totaled	total	VERB
cblr-3021	89	27	$	$	SYM
cblr-3021	89	28	36.5	36.5	NUM
cblr-3021	89	29	billion	billion	NUM
cblr-3021	89	30	for	for	ADP
cblr-3021	89	31	2001	2001	NUM
cblr-3021	89	32	,	,	PUNCT
cblr-3021	89	33	making	make	VERB
cblr-3021	89	34	it	it	PRON
cblr-3021	89	35	the	the	DET
cblr-3021	89	36	third	third	ADJ
cblr-3021	89	37	best	good	ADJ
cblr-3021	89	38	year	year	NOUN
cblr-3021	89	39	ever	ever	ADV
cblr-3021	89	40	.	.	PUNCT
cblr-3021	89	41	'	'	PUNCT
cblr-3021	90	1	in	in	ADP
cblr-3021	90	2	addition	addition	NOUN
cblr-3021	90	3	,	,	PUNCT
cblr-3021	90	4	investors	investor	NOUN
cblr-3021	90	5	have	have	AUX
cblr-3021	90	6	started	start	VERB
cblr-3021	90	7	two	two	NUM
cblr-3021	90	8	hundred	hundred	NUM
cblr-3021	90	9	new	new	ADJ
cblr-3021	90	10	venture	venture	NOUN
cblr-3021	90	11	funds	fund	NOUN
cblr-3021	90	12	in	in	ADP
cblr-3021	90	13	2001	2001	NUM
cblr-3021	90	14	with	with	ADP
cblr-3021	90	15	$	$	SYM
cblr-3021	90	16	55	55	NUM
cblr-3021	90	17	billion	billion	NUM
cblr-3021	90	18	in	in	ADP
cblr-3021	90	19	commitments	commitment	NOUN
cblr-3021	90	20	,	,	PUNCT
cblr-3021	90	21	also	also	ADV
cblr-3021	90	22	one	one	NUM
cblr-3021	90	23	of	of	ADP
cblr-3021	90	24	the	the	DET
cblr-3021	90	25	best	good	ADJ
cblr-3021	90	26	years	year	NOUN
cblr-3021	90	27	ever.10	ever.10	VERB
cblr-3021	90	28	these	these	DET
cblr-3021	90	29	results	result	NOUN
cblr-3021	90	30	confirm	confirm	VERB
cblr-3021	90	31	that	that	SCONJ
cblr-3021	90	32	"	"	PUNCT
cblr-3021	90	33	major	major	ADJ
cblr-3021	90	34	limited	limited	ADJ
cblr-3021	90	35	partners	partner	NOUN
cblr-3021	90	36	remain	remain	VERB
cblr-3021	90	37	committed	committed	ADJ
cblr-3021	90	38	to	to	ADP
cblr-3021	90	39	the	the	DET
cblr-3021	90	40	long	long	ADJ
cblr-3021	90	41	term	term	NOUN
cblr-3021	90	42	nature	nature	NOUN
cblr-3021	90	43	of	of	ADP
cblr-3021	90	44	venture	venture	NOUN
cblr-3021	90	45	capital	capital	NOUN
cblr-3021	90	46	.	.	PUNCT
cblr-3021	91	1	"1	"1	NOUN
cblr-3021	91	2	'	'	PUNCT
cblr-3021	91	3	while	while	SCONJ
cblr-3021	91	4	the	the	DET
cblr-3021	91	5	first	first	ADJ
cblr-3021	91	6	internet	internet	NOUN
cblr-3021	91	7	boom	boom	NOUN
cblr-3021	91	8	has	have	AUX
cblr-3021	91	9	come	come	VERB
cblr-3021	91	10	and	and	CCONJ
cblr-3021	91	11	gone	go	VERB
cblr-3021	91	12	,	,	PUNCT
cblr-3021	91	13	seasoned	seasoned	ADJ
cblr-3021	91	14	venture	venture	NOUN
cblr-3021	91	15	capitalists	capitalist	NOUN
cblr-3021	91	16	realize	realize	VERB
cblr-3021	91	17	that	that	SCONJ
cblr-3021	91	18	their	their	PRON
cblr-3021	91	19	business	business	NOUN
cblr-3021	91	20	is	be	AUX
cblr-3021	91	21	cyclical	cyclical	ADJ
cblr-3021	91	22	and	and	CCONJ
cblr-3021	91	23	that	that	SCONJ
cblr-3021	91	24	new	new	ADJ
cblr-3021	91	25	attractive	attractive	ADJ
cblr-3021	91	26	sectors	sector	NOUN
cblr-3021	91	27	will	will	AUX
cblr-3021	91	28	emerge	emerge	VERB
cblr-3021	91	29	.	.	PUNCT
cblr-3021	92	1	12	12	NUM
cblr-3021	92	2	despite	despite	SCONJ
cblr-3021	92	3	the	the	DET
cblr-3021	92	4	overall	overall	ADJ
cblr-3021	92	5	sharp	sharp	ADJ
cblr-3021	92	6	increase	increase	NOUN
cblr-3021	92	7	in	in	ADP
cblr-3021	92	8	venture	venture	NOUN
cblr-3021	92	9	capital	capital	NOUN
cblr-3021	92	10	funding	funding	NOUN
cblr-3021	92	11	during	during	ADP
cblr-3021	92	12	the	the	DET
cblr-3021	92	13	1990s	1990s	NUM
cblr-3021	92	14	,	,	PUNCT
cblr-3021	92	15	some	some	DET
cblr-3021	92	16	economists	economist	NOUN
cblr-3021	92	17	believe	believe	VERB
cblr-3021	92	18	a	a	DET
cblr-3021	92	19	significant	significant	ADJ
cblr-3021	92	20	gap	gap	NOUN
cblr-3021	92	21	remains	remain	VERB
cblr-3021	92	22	between	between	ADP
cblr-3021	92	23	the	the	DET
cblr-3021	92	24	number	number	NOUN
cblr-3021	92	25	of	of	ADP
cblr-3021	92	26	companies	company	NOUN
cblr-3021	92	27	seeking	seek	VERB
cblr-3021	92	28	funds	fund	NOUN
cblr-3021	92	29	and	and	CCONJ
cblr-3021	92	30	the	the	DET
cblr-3021	92	31	amount	amount	NOUN
cblr-3021	92	32	of	of	ADP
cblr-3021	92	33	venture	venture	NOUN
cblr-3021	92	34	capital	capital	NOUN
cblr-3021	92	35	either	either	CCONJ
cblr-3021	92	36	invested	invest	VERB
cblr-3021	92	37	or	or	CCONJ
cblr-3021	92	38	available	available	ADJ
cblr-3021	92	39	.	.	PUNCT
cblr-3021	93	1	13	13	NUM
cblr-3021	93	2	the	the	DET
cblr-3021	93	3	theoretical	theoretical	ADJ
cblr-3021	93	4	economic	economic	ADJ
cblr-3021	93	5	issue	issue	NOUN
cblr-3021	93	6	of	of	ADP
cblr-3021	93	7	'	'	PUNCT
cblr-3021	93	8	see	see	VERB
cblr-3021	93	9	200	200	NUM
cblr-3021	93	10	venture	venture	NOUN
cblr-3021	93	11	funds	fund	NOUN
cblr-3021	93	12	were	be	AUX
cblr-3021	93	13	started	start	VERB
cblr-3021	93	14	this	this	DET
cblr-3021	93	15	year	year	NOUN
cblr-3021	93	16	,	,	PUNCT
cblr-3021	93	17	n.y	n.y	PROPN
cblr-3021	93	18	.	.	PROPN
cblr-3021	93	19	times	times	PROPN
cblr-3021	93	20	,	,	PUNCT
cblr-3021	93	21	dec	dec	PROPN
cblr-3021	93	22	.	.	PROPN
cblr-3021	93	23	28	28	NUM
cblr-3021	93	24	,	,	PUNCT
cblr-3021	93	25	2001	2001	NUM
cblr-3021	93	26	,	,	PUNCT
cblr-3021	93	27	at	at	ADP
cblr-3021	93	28	c6	c6	PROPN
cblr-3021	93	29	;	;	PUNCT
cblr-3021	93	30	see	see	VERB
cblr-3021	93	31	also	also	ADV
cblr-3021	93	32	table	table	VERB
cblr-3021	93	33	1	1	NUM
cblr-3021	93	34	,	,	PUNCT
cblr-3021	93	35	history	history	NOUN
cblr-3021	93	36	of	of	ADP
cblr-3021	93	37	venture	venture	NOUN
cblr-3021	93	38	capital	capital	NOUN
cblr-3021	93	39	commitments	commitment	NOUN
cblr-3021	93	40	and	and	CCONJ
cblr-3021	93	41	investments	investment	NOUN
cblr-3021	93	42	(	(	PUNCT
cblr-3021	93	43	1969	1969	NUM
cblr-3021	93	44	-	-	SYM
cblr-3021	93	45	2001	2001	NUM
cblr-3021	93	46	)	)	PUNCT
cblr-3021	93	47	infra	infra	NOUN
cblr-3021	93	48	.	.	PUNCT
cblr-3021	94	1	9	9	NUM
cblr-3021	94	2	see	see	VERB
cblr-3021	94	3	pricewaterhousecoopers	pricewaterhousecooper	NOUN
cblr-3021	94	4	et	et	PROPN
cblr-3021	94	5	al	al	PROPN
cblr-3021	94	6	.	.	PROPN
cblr-3021	94	7	,	,	PUNCT
cblr-3021	94	8	full	full	ADJ
cblr-3021	94	9	year	year	NOUN
cblr-3021	94	10	&	&	CCONJ
cblr-3021	94	11	q4	q4	PROPN
cblr-3021	94	12	2001	2001	NUM
cblr-3021	94	13	results	result	NOUN
cblr-3021	94	14	,	,	PUNCT
cblr-3021	94	15	moneytree	moneytree	PROPN
cblr-3021	94	16	survey	survey	NOUN
cblr-3021	94	17	,	,	PUNCT
cblr-3021	94	18	at	at	ADP
cblr-3021	94	19	http://www.pwcmoneytree.com	http://www.pwcmoneytree.com	X
cblr-3021	94	20	/pdfs	/pdfs	NOUN
cblr-3021	94	21	/	/	SYM
cblr-3021	94	22	mtq4_01	mtq4_01	X
cblr-3021	94	23	report.pdf	report.pdf	PROPN
cblr-3021	94	24	;	;	PUNCT
cblr-3021	94	25	see	see	VERB
cblr-3021	94	26	also	also	ADV
cblr-3021	94	27	table	table	VERB
cblr-3021	94	28	1	1	NUM
cblr-3021	94	29	infra	infra	NOUN
cblr-3021	94	30	.	.	PUNCT
cblr-3021	95	1	"	"	PUNCT
cblr-3021	95	2	0	0	NUM
cblr-3021	95	3	200	200	NUM
cblr-3021	95	4	venture	venture	NOUN
cblr-3021	95	5	funds	fund	NOUN
cblr-3021	95	6	,	,	PUNCT
cblr-3021	95	7	supra	supra	PROPN
cblr-3021	95	8	note	note	PROPN
cblr-3021	95	9	8	8	NUM
cblr-3021	95	10	,	,	PUNCT
cblr-3021	95	11	at	at	ADP
cblr-3021	95	12	c6	c6	PROPN
cblr-3021	95	13	;	;	PUNCT
cblr-3021	95	14	see	see	VERB
cblr-3021	95	15	also	also	ADV
cblr-3021	95	16	table	table	VERB
cblr-3021	95	17	2	2	NUM
cblr-3021	95	18	,	,	PUNCT
cblr-3021	95	19	growth	growth	NOUN
cblr-3021	95	20	of	of	ADP
cblr-3021	95	21	venture	venture	NOUN
cblr-3021	95	22	capital	capital	NOUN
cblr-3021	95	23	funds	fund	NOUN
cblr-3021	95	24	(	(	PUNCT
cblr-3021	95	25	1980	1980	NUM
cblr-3021	95	26	-	-	SYM
cblr-3021	95	27	2001	2001	NUM
cblr-3021	95	28	)	)	PUNCT
cblr-3021	95	29	infra	infra	NOUN
cblr-3021	95	30	.	.	PUNCT
cblr-3021	95	31	"	"	PUNCT
cblr-3021	96	1	200	200	NUM
cblr-3021	96	2	venture	venture	NOUN
cblr-3021	96	3	funds	fund	NOUN
cblr-3021	96	4	,	,	PUNCT
cblr-3021	96	5	supra	supra	PROPN
cblr-3021	96	6	note	note	PROPN
cblr-3021	96	7	8	8	NUM
cblr-3021	96	8	,	,	PUNCT
cblr-3021	96	9	at	at	ADP
cblr-3021	96	10	c6	c6	PROPN
cblr-3021	96	11	(	(	PUNCT
cblr-3021	96	12	quoting	quote	VERB
cblr-3021	96	13	ken	ken	PROPN
cblr-3021	96	14	andersen	andersen	PROPN
cblr-3021	96	15	,	,	PUNCT
cblr-3021	96	16	editor	editor	NOUN
cblr-3021	96	17	of	of	ADP
cblr-3021	96	18	venturewire	venturewire	NOUN
cblr-3021	96	19	)	)	PUNCT
cblr-3021	96	20	.	.	PUNCT
cblr-3021	97	1	12	12	NUM
cblr-3021	97	2	from	from	ADP
cblr-3021	97	3	1976	1976	NUM
cblr-3021	97	4	to	to	ADP
cblr-3021	97	5	1986	1986	NUM
cblr-3021	97	6	,	,	PUNCT
cblr-3021	97	7	conventional	conventional	ADJ
cblr-3021	97	8	venture	venture	NOUN
cblr-3021	97	9	investing	investing	NOUN
cblr-3021	97	10	underwent	underwent	NOUN
cblr-3021	97	11	an	an	DET
cblr-3021	97	12	explosive	explosive	ADJ
cblr-3021	97	13	increase	increase	NOUN
cblr-3021	97	14	similar	similar	ADJ
cblr-3021	97	15	to	to	ADP
cblr-3021	97	16	that	that	PRON
cblr-3021	97	17	of	of	ADP
cblr-3021	97	18	the	the	DET
cblr-3021	97	19	late	late	ADJ
cblr-3021	97	20	1990s	1990	NOUN
cblr-3021	97	21	.	.	PUNCT
cblr-3021	98	1	like	like	ADP
cblr-3021	98	2	the	the	DET
cblr-3021	98	3	internet	internet	NOUN
cblr-3021	98	4	and	and	CCONJ
cblr-3021	98	5	related	related	ADJ
cblr-3021	98	6	sectors	sector	NOUN
cblr-3021	98	7	,	,	PUNCT
cblr-3021	98	8	the	the	DET
cblr-3021	98	9	hard	hard	ADJ
cblr-3021	98	10	"	"	PUNCT
cblr-3021	98	11	winchester	winchester	NOUN
cblr-3021	98	12	"	"	PUNCT
cblr-3021	98	13	disk	disk	NOUN
cblr-3021	98	14	drive	drive	NOUN
cblr-3021	98	15	industry	industry	NOUN
cblr-3021	98	16	received	receive	VERB
cblr-3021	98	17	the	the	DET
cblr-3021	98	18	attention	attention	NOUN
cblr-3021	98	19	of	of	ADP
cblr-3021	98	20	investors	investor	NOUN
cblr-3021	98	21	,	,	PUNCT
cblr-3021	98	22	believing	believe	VERB
cblr-3021	98	23	it	it	PRON
cblr-3021	98	24	to	to	PART
cblr-3021	98	25	be	be	AUX
cblr-3021	98	26	a	a	DET
cblr-3021	98	27	nirvana	nirvana	PROPN
cblr-3021	98	28	.	.	PUNCT
cblr-3021	99	1	while	while	SCONJ
cblr-3021	99	2	the	the	DET
cblr-3021	99	3	technology	technology	NOUN
cblr-3021	99	4	proved	prove	VERB
cblr-3021	99	5	revolutionary	revolutionary	ADJ
cblr-3021	99	6	,	,	PUNCT
cblr-3021	99	7	its	its	PRON
cblr-3021	99	8	commercial	commercial	ADJ
cblr-3021	99	9	profitability	profitability	NOUN
cblr-3021	99	10	did	do	VERB
cblr-3021	99	11	not	not	PART
cblr-3021	99	12	,	,	PUNCT
cblr-3021	99	13	and	and	CCONJ
cblr-3021	99	14	the	the	DET
cblr-3021	99	15	product	product	NOUN
cblr-3021	99	16	became	become	VERB
cblr-3021	99	17	a	a	DET
cblr-3021	99	18	commodity	commodity	NOUN
cblr-3021	99	19	with	with	ADP
cblr-3021	99	20	low	low	ADJ
cblr-3021	99	21	profit	profit	NOUN
cblr-3021	99	22	margins	margin	NOUN
cblr-3021	99	23	.	.	PUNCT
cblr-3021	100	1	despite	despite	SCONJ
cblr-3021	100	2	the	the	DET
cblr-3021	100	3	recent	recent	ADJ
cblr-3021	100	4	dot	dot	NOUN
cblr-3021	100	5	-	-	PUNCT
cblr-3021	100	6	com	com	NOUN
cblr-3021	100	7	fallout	fallout	NOUN
cblr-3021	100	8	,	,	PUNCT
cblr-3021	100	9	the	the	DET
cblr-3021	100	10	most	most	ADV
cblr-3021	100	11	recent	recent	ADJ
cblr-3021	100	12	data	datum	NOUN
cblr-3021	100	13	reveals	reveal	VERB
cblr-3021	100	14	that	that	SCONJ
cblr-3021	100	15	"	"	PUNCT
cblr-3021	100	16	traditional	traditional	ADJ
cblr-3021	100	17	venture	venture	NOUN
cblr-3021	100	18	firms	firm	NOUN
cblr-3021	100	19	are	be	AUX
cblr-3021	100	20	diversifying	diversify	VERB
cblr-3021	100	21	their	their	PRON
cblr-3021	100	22	investment	investment	NOUN
cblr-3021	100	23	strategies	strategy	NOUN
cblr-3021	100	24	,	,	PUNCT
cblr-3021	100	25	"	"	PUNCT
cblr-3021	100	26	with	with	ADP
cblr-3021	100	27	particular	particular	ADJ
cblr-3021	100	28	interest	interest	NOUN
cblr-3021	100	29	in	in	ADP
cblr-3021	100	30	the	the	DET
cblr-3021	100	31	life	life	NOUN
cblr-3021	100	32	sciences	science	NOUN
cblr-3021	100	33	,	,	PUNCT
cblr-3021	100	34	and	and	CCONJ
cblr-3021	100	35	continuing	continue	VERB
cblr-3021	100	36	to	to	PART
cblr-3021	100	37	raise	raise	VERB
cblr-3021	100	38	significant	significant	ADJ
cblr-3021	100	39	capital	capital	NOUN
cblr-3021	100	40	.	.	PUNCT
cblr-3021	101	1	see	see	VERB
cblr-3021	101	2	press	press	NOUN
cblr-3021	101	3	release	release	NOUN
cblr-3021	101	4	,	,	PUNCT
cblr-3021	101	5	venturewire	venturewire	NOUN
cblr-3021	101	6	,	,	PUNCT
cblr-3021	101	7	year	year	NOUN
cblr-3021	101	8	2001	2001	NUM
cblr-3021	101	9	report	report	NOUN
cblr-3021	101	10	on	on	ADP
cblr-3021	101	11	new	new	ADJ
cblr-3021	101	12	venture	venture	NOUN
cblr-3021	101	13	funds	fund	NOUN
cblr-3021	101	14	(	(	PUNCT
cblr-3021	101	15	dec	dec	PROPN
cblr-3021	101	16	.	.	PROPN
cblr-3021	101	17	27	27	NUM
cblr-3021	101	18	,	,	PUNCT
cblr-3021	101	19	2001	2001	NUM
cblr-3021	101	20	)	)	PUNCT
cblr-3021	101	21	,	,	PUNCT
cblr-3021	101	22	at	at	ADP
cblr-3021	101	23	http://www.venturewire.com	http://www.venturewire.com	X
cblr-3021	101	24	.	.	PUNCT
cblr-3021	102	1	"	"	PUNCT
cblr-3021	102	2	3	3	NUM
cblr-3021	102	3	there	there	PRON
cblr-3021	102	4	are	be	VERB
cblr-3021	102	5	some	some	DET
cblr-3021	102	6	economists	economist	NOUN
cblr-3021	102	7	who	who	PRON
cblr-3021	102	8	debate	debate	VERB
cblr-3021	102	9	the	the	DET
cblr-3021	102	10	significance	significance	NOUN
cblr-3021	102	11	of	of	ADP
cblr-3021	102	12	any	any	DET
cblr-3021	102	13	"	"	PUNCT
cblr-3021	102	14	capital	capital	NOUN
cblr-3021	102	15	gap	gap	NOUN
cblr-3021	102	16	"	"	PUNCT
cblr-3021	102	17	that	that	PRON
cblr-3021	102	18	may	may	AUX
cblr-3021	102	19	exist	exist	VERB
cblr-3021	102	20	.	.	PUNCT
cblr-3021	103	1	see	see	VERB
cblr-3021	103	2	beltz	beltz	PROPN
cblr-3021	103	3	,	,	PUNCT
cblr-3021	103	4	supra	supra	PROPN
cblr-3021	103	5	note	note	NOUN
cblr-3021	103	6	4	4	NUM
cblr-3021	103	7	,	,	PUNCT
cblr-3021	103	8	at	at	ADP
cblr-3021	103	9	43	43	NUM
cblr-3021	103	10	.	.	PUNCT
cblr-3021	104	1	however	however	ADV
cblr-3021	104	2	,	,	PUNCT
cblr-3021	104	3	these	these	DET
cblr-3021	104	4	economists	economist	NOUN
cblr-3021	104	5	believe	believe	VERB
cblr-3021	104	6	in	in	ADP
cblr-3021	104	7	the	the	DET
cblr-3021	104	8	proper	proper	ADJ
cblr-3021	104	9	allocation	allocation	NOUN
cblr-3021	104	10	of	of	ADP
cblr-3021	104	11	capital	capital	NOUN
cblr-3021	104	12	through	through	ADP
cblr-3021	104	13	market	market	NOUN
cblr-3021	104	14	efficiency	efficiency	NOUN
cblr-3021	104	15	and	and	CCONJ
cblr-3021	104	16	are	be	AUX
cblr-3021	104	17	opposed	oppose	VERB
cblr-3021	104	18	to	to	ADP
cblr-3021	104	19	government	government	NOUN
cblr-3021	104	20	intervention	intervention	NOUN
cblr-3021	104	21	,	,	PUNCT
cblr-3021	104	22	more	more	ADJ
cblr-3021	104	23	than	than	ADP
cblr-3021	104	24	they	they	PRON
cblr-3021	105	1	[	[	X
cblr-3021	105	2	vol	vol	NOUN
cblr-3021	105	3	.	.	PUNCT
cblr-3021	105	4	2004	2004	NUM
cblr-3021	105	5	venture	venture	NOUN
cblr-3021	105	6	capital	capital	NOUN
cblr-3021	105	7	formation	formation	NOUN
cblr-3021	105	8	and	and	CCONJ
cblr-3021	105	9	access	access	NOUN
cblr-3021	105	10	precisely	precisely	ADV
cblr-3021	105	11	how	how	SCONJ
cblr-3021	105	12	much	much	ADJ
cblr-3021	105	13	venture	venture	NOUN
cblr-3021	105	14	capital	capital	NOUN
cblr-3021	105	15	is	be	AUX
cblr-3021	105	16	optimal	optimal	ADJ
cblr-3021	105	17	lies	lie	NOUN
cblr-3021	105	18	beyond	beyond	ADP
cblr-3021	105	19	the	the	DET
cblr-3021	105	20	scope	scope	NOUN
cblr-3021	105	21	of	of	ADP
cblr-3021	105	22	this	this	DET
cblr-3021	105	23	paper	paper	NOUN
cblr-3021	105	24	.	.	PUNCT
cblr-3021	106	1	rather	rather	ADV
cblr-3021	106	2	,	,	PUNCT
cblr-3021	106	3	the	the	DET
cblr-3021	106	4	focus	focus	NOUN
cblr-3021	106	5	here	here	ADV
cblr-3021	106	6	is	be	AUX
cblr-3021	106	7	upon	upon	SCONJ
cblr-3021	106	8	the	the	DET
cblr-3021	106	9	pervasive	pervasive	ADJ
cblr-3021	106	10	belief	belief	NOUN
cblr-3021	106	11	among	among	ADP
cblr-3021	106	12	legislators	legislator	NOUN
cblr-3021	106	13	,	,	PUNCT
cblr-3021	106	14	economists	economist	NOUN
cblr-3021	106	15	,	,	PUNCT
cblr-3021	106	16	and	and	CCONJ
cblr-3021	106	17	business	business	NOUN
cblr-3021	106	18	people	people	NOUN
cblr-3021	106	19	that	that	SCONJ
cblr-3021	106	20	the	the	DET
cblr-3021	106	21	'	'	PUNCT
cblr-3021	106	22	regulatory	regulatory	ADJ
cblr-3021	106	23	system	system	NOUN
cblr-3021	106	24	,	,	PUNCT
cblr-3021	106	25	developed	develop	VERB
cblr-3021	106	26	during	during	ADP
cblr-3021	106	27	and	and	CCONJ
cblr-3021	106	28	immediately	immediately	ADV
cblr-3021	106	29	after	after	ADP
cblr-3021	106	30	the	the	DET
cblr-3021	106	31	great	great	ADJ
cblr-3021	106	32	depression	depression	NOUN
cblr-3021	106	33	,	,	PUNCT
cblr-3021	106	34	overseeing	oversee	VERB
cblr-3021	106	35	venture	venture	NOUN
cblr-3021	106	36	capital	capital	NOUN
cblr-3021	106	37	activity	activity	NOUN
cblr-3021	106	38	should	should	AUX
cblr-3021	106	39	be	be	AUX
cblr-3021	106	40	modernized	modernize	VERB
cblr-3021	106	41	.	.	PUNCT
cblr-3021	107	1	this	this	DET
cblr-3021	107	2	paper	paper	NOUN
cblr-3021	107	3	evaluates	evaluate	VERB
cblr-3021	107	4	the	the	DET
cblr-3021	107	5	efforts	effort	NOUN
cblr-3021	107	6	to	to	PART
cblr-3021	107	7	do	do	AUX
cblr-3021	107	8	so	so	ADV
cblr-3021	107	9	and	and	CCONJ
cblr-3021	107	10	attempts	attempt	VERB
cblr-3021	107	11	to	to	PART
cblr-3021	107	12	navigate	navigate	VERB
cblr-3021	107	13	the	the	DET
cblr-3021	107	14	labyrinth	labyrinth	NOUN
cblr-3021	107	15	of	of	ADP
cblr-3021	107	16	patchwork	patchwork	NOUN
cblr-3021	107	17	regulation	regulation	NOUN
cblr-3021	107	18	overseeing	oversee	VERB
cblr-3021	107	19	the	the	DET
cblr-3021	107	20	activities	activity	NOUN
cblr-3021	107	21	of	of	ADP
cblr-3021	107	22	venture	venture	NOUN
cblr-3021	107	23	capitalists	capitalist	NOUN
cblr-3021	107	24	.	.	PUNCT
cblr-3021	108	1	the	the	DET
cblr-3021	108	2	nexus	nexus	NOUN
cblr-3021	108	3	of	of	ADP
cblr-3021	108	4	capital	capital	NOUN
cblr-3021	108	5	access	access	NOUN
cblr-3021	108	6	and	and	CCONJ
cblr-3021	108	7	formation	formation	NOUN
cblr-3021	108	8	inefficiency	inefficiency	NOUN
cblr-3021	108	9	lies	lie	NOUN
cblr-3021	108	10	in	in	ADP
cblr-3021	108	11	the	the	DET
cblr-3021	108	12	federal	federal	ADJ
cblr-3021	108	13	securities	security	NOUN
cblr-3021	108	14	legislation	legislation	NOUN
cblr-3021	108	15	that	that	PRON
cblr-3021	108	16	regulates	regulate	VERB
cblr-3021	108	17	venture	venture	NOUN
cblr-3021	108	18	capital	capital	NOUN
cblr-3021	108	19	funds	fund	NOUN
cblr-3021	108	20	,	,	PUNCT
cblr-3021	108	21	specifically	specifically	ADV
cblr-3021	108	22	the	the	DET
cblr-3021	108	23	investment	investment	NOUN
cblr-3021	108	24	company	company	NOUN
cblr-3021	108	25	act	act	NOUN
cblr-3021	108	26	of	of	ADP
cblr-3021	108	27	1940	1940	NUM
cblr-3021	108	28	(	(	PUNCT
cblr-3021	108	29	"	"	PUNCT
cblr-3021	108	30	'	'	NUM
cblr-3021	108	31	40	40	NUM
cblr-3021	108	32	act	act	NOUN
cblr-3021	108	33	"	"	PUNCT
cblr-3021	108	34	)	)	PUNCT
cblr-3021	108	35	.	.	PUNCT
cblr-3021	108	36	'	'	PUNCT
cblr-3021	109	1	4	4	NUM
cblr-3021	109	2	as	as	SCONJ
cblr-3021	109	3	will	will	AUX
cblr-3021	109	4	be	be	AUX
cblr-3021	109	5	discussed	discuss	VERB
cblr-3021	109	6	later	later	ADV
cblr-3021	109	7	,	,	PUNCT
cblr-3021	109	8	the	the	DET
cblr-3021	109	9	main	main	ADJ
cblr-3021	109	10	problem	problem	NOUN
cblr-3021	109	11	with	with	ADP
cblr-3021	109	12	the	the	DET
cblr-3021	109	13	'	'	NUM
cblr-3021	109	14	40	40	NUM
cblr-3021	109	15	act	act	NOUN
cblr-3021	109	16	is	be	AUX
cblr-3021	109	17	that	that	SCONJ
cblr-3021	109	18	it	it	PRON
cblr-3021	109	19	was	be	AUX
cblr-3021	109	20	designed	design	VERB
cblr-3021	109	21	with	with	ADP
cblr-3021	109	22	1930s	1930	NOUN
cblr-3021	109	23	technology	technology	NOUN
cblr-3021	109	24	in	in	ADP
cblr-3021	109	25	mind	mind	NOUN
cblr-3021	109	26	to	to	PART
cblr-3021	109	27	regulate	regulate	VERB
cblr-3021	109	28	the	the	DET
cblr-3021	109	29	financial	financial	ADJ
cblr-3021	109	30	institutions	institution	NOUN
cblr-3021	109	31	of	of	ADP
cblr-3021	109	32	that	that	DET
cblr-3021	109	33	time	time	NOUN
cblr-3021	109	34	and	and	CCONJ
cblr-3021	109	35	to	to	PART
cblr-3021	109	36	mitigate	mitigate	VERB
cblr-3021	109	37	problems	problem	NOUN
cblr-3021	109	38	generally	generally	ADV
cblr-3021	109	39	unrelated	unrelated	ADJ
cblr-3021	109	40	to	to	ADP
cblr-3021	109	41	modern	modern	ADJ
cblr-3021	109	42	capital	capital	NOUN
cblr-3021	109	43	access	access	NOUN
cblr-3021	109	44	firms	firm	NOUN
cblr-3021	109	45	and	and	CCONJ
cblr-3021	109	46	the	the	DET
cblr-3021	109	47	firms	firm	NOUN
cblr-3021	109	48	in	in	ADP
cblr-3021	109	49	which	which	PRON
cblr-3021	109	50	they	they	PRON
cblr-3021	109	51	invest	invest	VERB
cblr-3021	109	52	.	.	PUNCT
cblr-3021	110	1	in	in	ADP
cblr-3021	110	2	the	the	DET
cblr-3021	110	3	sixty	sixty	NUM
cblr-3021	110	4	-	-	PUNCT
cblr-3021	110	5	plus	plus	CCONJ
cblr-3021	110	6	years	year	NOUN
cblr-3021	110	7	since	since	SCONJ
cblr-3021	110	8	the	the	DET
cblr-3021	110	9	'	'	NUM
cblr-3021	110	10	40	40	NUM
cblr-3021	110	11	act	act	NOUN
cblr-3021	110	12	,	,	PUNCT
cblr-3021	110	13	the	the	DET
cblr-3021	110	14	government	government	NOUN
cblr-3021	110	15	has	have	AUX
cblr-3021	110	16	attempted	attempt	VERB
cblr-3021	110	17	to	to	PART
cblr-3021	110	18	improve	improve	VERB
cblr-3021	110	19	capital	capital	NOUN
cblr-3021	110	20	formation	formation	NOUN
cblr-3021	110	21	and	and	CCONJ
cblr-3021	110	22	access	access	NOUN
cblr-3021	110	23	.	.	PUNCT
cblr-3021	111	1	these	these	DET
cblr-3021	111	2	patchwork	patchwork	NOUN
cblr-3021	111	3	attempts	attempt	VERB
cblr-3021	111	4	,	,	PUNCT
cblr-3021	111	5	however	however	ADV
cblr-3021	111	6	,	,	PUNCT
cblr-3021	111	7	often	often	ADV
cblr-3021	111	8	have	have	AUX
cblr-3021	111	9	lacked	lack	VERB
cblr-3021	111	10	cohesion	cohesion	NOUN
cblr-3021	111	11	,	,	PUNCT
cblr-3021	111	12	have	have	AUX
cblr-3021	111	13	produced	produce	VERB
cblr-3021	111	14	mixed	mixed	ADJ
cblr-3021	111	15	results	result	NOUN
cblr-3021	111	16	at	at	ADP
cblr-3021	111	17	best	good	ADJ
cblr-3021	111	18	,	,	PUNCT
cblr-3021	111	19	and	and	CCONJ
cblr-3021	111	20	have	have	AUX
cblr-3021	111	21	neglected	neglect	VERB
cblr-3021	111	22	to	to	PART
cblr-3021	111	23	address	address	VERB
cblr-3021	111	24	inapt	inapt	ADJ
cblr-3021	111	25	logic	logic	NOUN
cblr-3021	111	26	and	and	CCONJ
cblr-3021	111	27	policy	policy	NOUN
cblr-3021	111	28	concerns	concern	NOUN
cblr-3021	111	29	at	at	ADP
cblr-3021	111	30	the	the	DET
cblr-3021	111	31	core	core	NOUN
cblr-3021	111	32	of	of	ADP
cblr-3021	111	33	the	the	DET
cblr-3021	111	34	regulatory	regulatory	ADJ
cblr-3021	111	35	structure	structure	NOUN
cblr-3021	111	36	.	.	PUNCT
cblr-3021	112	1	in	in	ADP
cblr-3021	112	2	1996	1996	NUM
cblr-3021	112	3	,	,	PUNCT
cblr-3021	112	4	congress	congress	PROPN
cblr-3021	112	5	enacted	enact	VERB
cblr-3021	112	6	bipartisan	bipartisan	ADJ
cblr-3021	112	7	landmark	landmark	NOUN
cblr-3021	112	8	legislation	legislation	NOUN
cblr-3021	112	9	,	,	PUNCT
cblr-3021	112	10	the	the	DET
cblr-3021	112	11	national	national	ADJ
cblr-3021	112	12	securities	security	NOUN
cblr-3021	112	13	markets	markets	PROPN
cblr-3021	112	14	improvement	improvement	PROPN
cblr-3021	112	15	act	act	NOUN
cblr-3021	112	16	(	(	PUNCT
cblr-3021	112	17	"	"	PUNCT
cblr-3021	112	18	nsmia	nsmia	NOUN
cblr-3021	112	19	"	"	PUNCT
cblr-3021	112	20	)	)	PUNCT
cblr-3021	112	21	,	,	PUNCT
cblr-3021	112	22	15	15	NUM
cblr-3021	112	23	to	to	PART
cblr-3021	112	24	overhaul	overhaul	VERB
cblr-3021	112	25	the	the	DET
cblr-3021	112	26	shortcomings	shortcoming	NOUN
cblr-3021	112	27	of	of	ADP
cblr-3021	112	28	the	the	DET
cblr-3021	112	29	federal	federal	ADJ
cblr-3021	112	30	regulatory	regulatory	ADJ
cblr-3021	112	31	scheme	scheme	NOUN
cblr-3021	112	32	for	for	ADP
cblr-3021	112	33	an	an	DET
cblr-3021	112	34	array	array	NOUN
cblr-3021	112	35	of	of	ADP
cblr-3021	112	36	financial	financial	ADJ
cblr-3021	112	37	and	and	CCONJ
cblr-3021	112	38	investment	investment	NOUN
cblr-3021	112	39	institutions	institution	NOUN
cblr-3021	112	40	,	,	PUNCT
cblr-3021	112	41	believe	believe	VERB
cblr-3021	112	42	in	in	ADP
cblr-3021	112	43	the	the	DET
cblr-3021	112	44	absence	absence	NOUN
cblr-3021	112	45	of	of	ADP
cblr-3021	112	46	inefficiencies	inefficiency	NOUN
cblr-3021	112	47	in	in	ADP
cblr-3021	112	48	the	the	DET
cblr-3021	112	49	venture	venture	NOUN
cblr-3021	112	50	capital	capital	NOUN
cblr-3021	112	51	market	market	NOUN
cblr-3021	112	52	.	.	PUNCT
cblr-3021	113	1	see	see	VERB
cblr-3021	113	2	i	i	PRON
cblr-3021	113	3	d.	d.	PROPN
cblr-3021	113	4	at	at	ADP
cblr-3021	113	5	61	61	NUM
cblr-3021	113	6	-	-	SYM
cblr-3021	113	7	86	86	NUM
cblr-3021	113	8	,	,	PUNCT
cblr-3021	113	9	91	91	NUM
cblr-3021	113	10	-	-	SYM
cblr-3021	113	11	92	92	NUM
cblr-3021	113	12	.	.	PUNCT
cblr-3021	114	1	in	in	ADP
cblr-3021	114	2	other	other	ADJ
cblr-3021	114	3	words	word	NOUN
cblr-3021	114	4	,	,	PUNCT
cblr-3021	114	5	skeptics	skeptic	NOUN
cblr-3021	114	6	of	of	ADP
cblr-3021	114	7	a	a	DET
cblr-3021	114	8	capital	capital	NOUN
cblr-3021	114	9	access	access	NOUN
cblr-3021	114	10	problem	problem	NOUN
cblr-3021	114	11	premise	premise	VERB
cblr-3021	114	12	their	their	PRON
cblr-3021	114	13	positions	position	NOUN
cblr-3021	114	14	on	on	ADP
cblr-3021	114	15	the	the	DET
cblr-3021	114	16	belief	belief	NOUN
cblr-3021	114	17	that	that	SCONJ
cblr-3021	114	18	capital	capital	NOUN
cblr-3021	114	19	will	will	AUX
cblr-3021	114	20	inevitably	inevitably	ADV
cblr-3021	114	21	follow	follow	VERB
cblr-3021	114	22	value	value	NOUN
cblr-3021	114	23	creation	creation	NOUN
cblr-3021	114	24	and	and	CCONJ
cblr-3021	114	25	productivity	productivity	NOUN
cblr-3021	114	26	,	,	PUNCT
cblr-3021	114	27	and	and	CCONJ
cblr-3021	114	28	therefore	therefore	ADV
cblr-3021	114	29	,	,	PUNCT
cblr-3021	114	30	any	any	DET
cblr-3021	114	31	short	short	ADJ
cblr-3021	114	32	-	-	PUNCT
cblr-3021	114	33	term	term	NOUN
cblr-3021	114	34	gaps	gap	NOUN
cblr-3021	114	35	are	be	AUX
cblr-3021	114	36	temporary	temporary	ADJ
cblr-3021	114	37	.	.	PUNCT
cblr-3021	115	1	see	see	VERB
cblr-3021	115	2	i	i	PRON
cblr-3021	115	3	d.	d.	PROPN
cblr-3021	115	4	at	at	ADP
cblr-3021	115	5	62	62	NUM
cblr-3021	115	6	-	-	SYM
cblr-3021	115	7	63	63	NUM
cblr-3021	115	8	,	,	PUNCT
cblr-3021	115	9	87	87	NUM
cblr-3021	115	10	,	,	PUNCT
cblr-3021	115	11	91	91	NUM
cblr-3021	115	12	-	-	SYM
cblr-3021	115	13	94	94	NUM
cblr-3021	115	14	.	.	NOUN
cblr-3021	116	1	1	1	NUM
cblr-3021	117	1	the	the	DET
cblr-3021	117	2	investment	investment	NOUN
cblr-3021	117	3	company	company	NOUN
cblr-3021	117	4	act	act	NOUN
cblr-3021	117	5	of	of	ADP
cblr-3021	117	6	1940	1940	NUM
cblr-3021	117	7	,	,	PUNCT
cblr-3021	117	8	15	15	NUM
cblr-3021	117	9	u.s.c	u.s.c	NOUN
cblr-3021	117	10	.	.	PUNCT
cblr-3021	118	1	§	§	PROPN
cblr-3021	118	2	§	§	PROPN
cblr-3021	118	3	80a-1	80a-1	PROPN
cblr-3021	118	4	to	to	PART
cblr-3021	118	5	-64	-64	PROPN
cblr-3021	118	6	(	(	PUNCT
cblr-3021	118	7	2000	2000	NUM
cblr-3021	118	8	)	)	PUNCT
cblr-3021	118	9	.	.	PUNCT
cblr-3021	119	1	5	5	NUM
cblr-3021	119	2	see	see	VERB
cblr-3021	119	3	national	national	ADJ
cblr-3021	119	4	securities	security	NOUN
cblr-3021	119	5	markets	markets	PROPN
cblr-3021	119	6	improvement	improvement	PROPN
cblr-3021	119	7	act	act	NOUN
cblr-3021	119	8	of	of	ADP
cblr-3021	119	9	1996	1996	NUM
cblr-3021	119	10	,	,	PUNCT
cblr-3021	119	11	pub	pub	NOUN
cblr-3021	119	12	.	.	PUNCT
cblr-3021	120	1	l.	l.	PROPN
cblr-3021	120	2	no	no	INTJ
cblr-3021	120	3	.	.	PROPN
cblr-3021	121	1	104	104	NUM
cblr-3021	121	2	-	-	SYM
cblr-3021	121	3	290	290	NUM
cblr-3021	121	4	,	,	PUNCT
cblr-3021	121	5	110	110	NUM
cblr-3021	121	6	stat	stat	NOUN
cblr-3021	121	7	.	.	PUNCT
cblr-3021	122	1	3416	3416	NUM
cblr-3021	122	2	(	(	PUNCT
cblr-3021	122	3	codified	codify	VERB
cblr-3021	122	4	as	as	SCONJ
cblr-3021	122	5	amended	amend	VERB
cblr-3021	122	6	in	in	ADP
cblr-3021	122	7	scattered	scatter	VERB
cblr-3021	122	8	sections	section	NOUN
cblr-3021	122	9	of	of	ADP
cblr-3021	122	10	15	15	NUM
cblr-3021	122	11	u.s.c	u.s.c	ADJ
cblr-3021	122	12	.	.	PUNCT
cblr-3021	123	1	(	(	PUNCT
cblr-3021	123	2	2000	2000	NUM
cblr-3021	123	3	)	)	PUNCT
cblr-3021	123	4	)	)	PUNCT
cblr-3021	123	5	.	.	PUNCT
cblr-3021	124	1	no	no	INTJ
cblr-3021	124	2	.	.	PUNCT
cblr-3021	125	1	1:77	1:77	NUM
cblr-3021	125	2	]	]	PUNCT
cblr-3021	125	3	including	include	VERB
cblr-3021	125	4	venture	venture	NOUN
cblr-3021	125	5	capital	capital	NOUN
cblr-3021	125	6	funds	fund	NOUN
cblr-3021	125	7	.	.	PUNCT
cblr-3021	125	8	"	"	PUNCT
cblr-3021	126	1	while	while	SCONJ
cblr-3021	126	2	the	the	DET
cblr-3021	126	3	intent	intent	NOUN
cblr-3021	126	4	and	and	CCONJ
cblr-3021	126	5	the	the	DET
cblr-3021	126	6	extent	extent	NOUN
cblr-3021	126	7	of	of	ADP
cblr-3021	126	8	the	the	DET
cblr-3021	126	9	overhaul	overhaul	NOUN
cblr-3021	126	10	was	be	AUX
cblr-3021	126	11	impressive	impressive	ADJ
cblr-3021	126	12	,	,	PUNCT
cblr-3021	126	13	its	its	PRON
cblr-3021	126	14	results	result	NOUN
cblr-3021	126	15	are	be	AUX
cblr-3021	126	16	less	less	ADV
cblr-3021	126	17	so	so	ADV
cblr-3021	126	18	.	.	PUNCT
cblr-3021	127	1	the	the	DET
cblr-3021	127	2	relevant	relevant	ADJ
cblr-3021	127	3	provisions	provision	NOUN
cblr-3021	127	4	of	of	ADP
cblr-3021	127	5	the	the	DET
cblr-3021	127	6	nsmia	nsmia	PROPN
cblr-3021	127	7	created	create	VERB
cblr-3021	127	8	a	a	DET
cblr-3021	127	9	new	new	ADJ
cblr-3021	127	10	exemption	exemption	NOUN
cblr-3021	127	11	to	to	ADP
cblr-3021	127	12	the	the	DET
cblr-3021	127	13	'	'	NUM
cblr-3021	127	14	40	40	NUM
cblr-3021	127	15	act	act	NOUN
cblr-3021	127	16	,	,	PUNCT
cblr-3021	127	17	contingent	contingent	ADJ
cblr-3021	127	18	upon	upon	SCONJ
cblr-3021	127	19	subsequent	subsequent	ADJ
cblr-3021	127	20	enabling	enable	VERB
cblr-3021	127	21	state	state	NOUN
cblr-3021	127	22	legislation	legislation	NOUN
cblr-3021	127	23	that	that	PRON
cblr-3021	127	24	invited	invite	VERB
cblr-3021	127	25	more	more	ADJ
cblr-3021	127	26	state	state	NOUN
cblr-3021	127	27	government	government	NOUN
cblr-3021	127	28	oversight	oversight	NOUN
cblr-3021	127	29	.	.	PUNCT
cblr-3021	128	1	california	california	PROPN
cblr-3021	128	2	,	,	PUNCT
cblr-3021	128	3	the	the	DET
cblr-3021	128	4	national	national	ADJ
cblr-3021	128	5	leader	leader	NOUN
cblr-3021	128	6	in	in	ADP
cblr-3021	128	7	venture	venture	NOUN
cblr-3021	128	8	capital	capital	NOUN
cblr-3021	128	9	,	,	PUNCT
cblr-3021	128	10	became	become	VERB
cblr-3021	128	11	the	the	DET
cblr-3021	128	12	first	first	ADJ
cblr-3021	128	13	state	state	NOUN
cblr-3021	128	14	to	to	PART
cblr-3021	128	15	enact	enact	VERB
cblr-3021	128	16	the	the	DET
cblr-3021	128	17	requisite	requisite	ADJ
cblr-3021	128	18	state	state	NOUN
cblr-3021	128	19	legislation	legislation	NOUN
cblr-3021	128	20	as	as	ADP
cblr-3021	128	21	a	a	DET
cblr-3021	128	22	follow	follow	NOUN
cblr-3021	128	23	-	-	PUNCT
cblr-3021	128	24	up	up	NOUN
cblr-3021	128	25	in	in	ADP
cblr-3021	128	26	1998.1	1998.1	NUM
cblr-3021	128	27	concurrent	concurrent	ADJ
cblr-3021	128	28	federal	federal	ADJ
cblr-3021	128	29	and	and	CCONJ
cblr-3021	128	30	state	state	NOUN
cblr-3021	128	31	legislation	legislation	NOUN
cblr-3021	128	32	also	also	ADV
cblr-3021	128	33	addressed	address	VERB
cblr-3021	128	34	venture	venture	NOUN
cblr-3021	128	35	capital	capital	NOUN
cblr-3021	128	36	vehicles	vehicle	NOUN
cblr-3021	128	37	other	other	ADJ
cblr-3021	128	38	than	than	ADP
cblr-3021	128	39	the	the	DET
cblr-3021	128	40	traditional	traditional	ADJ
cblr-3021	128	41	partnership	partnership	NOUN
cblr-3021	128	42	form	form	NOUN
cblr-3021	128	43	,	,	PUNCT
cblr-3021	128	44	such	such	ADJ
cblr-3021	128	45	as	as	ADP
cblr-3021	128	46	statesponsored	statesponsore	VERB
cblr-3021	128	47	funds	fund	NOUN
cblr-3021	128	48	,	,	PUNCT
cblr-3021	128	49	institutional	institutional	ADJ
cblr-3021	128	50	funds	fund	NOUN
cblr-3021	128	51	,	,	PUNCT
cblr-3021	128	52	federal	federal	ADJ
cblr-3021	128	53	venture	venture	NOUN
cblr-3021	128	54	funds	fund	NOUN
cblr-3021	128	55	,	,	PUNCT
cblr-3021	128	56	and	and	CCONJ
cblr-3021	128	57	publicly	publicly	ADV
cblr-3021	128	58	traded	trade	VERB
cblr-3021	128	59	incubators	incubator	NOUN
cblr-3021	128	60	.	.	PUNCT
cblr-3021	129	1	this	this	DET
cblr-3021	129	2	paper	paper	NOUN
cblr-3021	129	3	will	will	AUX
cblr-3021	129	4	examine	examine	VERB
cblr-3021	129	5	the	the	DET
cblr-3021	129	6	net	net	ADJ
cblr-3021	129	7	effects	effect	NOUN
cblr-3021	129	8	of	of	ADP
cblr-3021	129	9	the	the	DET
cblr-3021	129	10	latest	late	ADJ
cblr-3021	129	11	reformations	reformation	NOUN
cblr-3021	129	12	,	,	PUNCT
cblr-3021	129	13	the	the	DET
cblr-3021	129	14	lingering	linger	VERB
cblr-3021	129	15	impacts	impact	NOUN
cblr-3021	129	16	of	of	ADP
cblr-3021	129	17	the	the	DET
cblr-3021	129	18	'	'	NUM
cblr-3021	129	19	40	40	NUM
cblr-3021	129	20	act	act	NOUN
cblr-3021	129	21	,	,	PUNCT
cblr-3021	129	22	and	and	CCONJ
cblr-3021	129	23	evaluate	evaluate	VERB
cblr-3021	129	24	the	the	DET
cblr-3021	129	25	need	need	NOUN
cblr-3021	129	26	for	for	ADP
cblr-3021	129	27	continued	continue	VERB
cblr-3021	129	28	regulatory	regulatory	ADJ
cblr-3021	129	29	relief	relief	NOUN
cblr-3021	129	30	and	and	CCONJ
cblr-3021	129	31	rationality	rationality	NOUN
cblr-3021	129	32	.	.	PUNCT
cblr-3021	130	1	as	as	SCONJ
cblr-3021	130	2	will	will	AUX
cblr-3021	130	3	be	be	AUX
cblr-3021	130	4	discussed	discuss	VERB
cblr-3021	130	5	,	,	PUNCT
cblr-3021	130	6	the	the	DET
cblr-3021	130	7	issue	issue	NOUN
cblr-3021	130	8	is	be	AUX
cblr-3021	130	9	punctuated	punctuate	VERB
cblr-3021	130	10	by	by	ADP
cblr-3021	130	11	important	important	ADJ
cblr-3021	130	12	political	political	ADJ
cblr-3021	130	13	,	,	PUNCT
cblr-3021	130	14	economic	economic	ADJ
cblr-3021	130	15	,	,	PUNCT
cblr-3021	130	16	and	and	CCONJ
cblr-3021	130	17	public	public	ADJ
cblr-3021	130	18	policy	policy	NOUN
cblr-3021	130	19	concerns	concern	NOUN
cblr-3021	130	20	such	such	ADJ
cblr-3021	130	21	as	as	ADP
cblr-3021	130	22	the	the	DET
cblr-3021	130	23	role	role	NOUN
cblr-3021	130	24	of	of	ADP
cblr-3021	130	25	federal	federal	ADJ
cblr-3021	130	26	and	and	CCONJ
cblr-3021	130	27	state	state	NOUN
cblr-3021	130	28	government	government	NOUN
cblr-3021	130	29	,	,	PUNCT
cblr-3021	130	30	the	the	DET
cblr-3021	130	31	protection	protection	NOUN
cblr-3021	130	32	of	of	ADP
cblr-3021	130	33	investors	investor	NOUN
cblr-3021	130	34	,	,	PUNCT
cblr-3021	130	35	expanding	expand	VERB
cblr-3021	130	36	access	access	NOUN
cblr-3021	130	37	to	to	ADP
cblr-3021	130	38	better	well	ADJ
cblr-3021	130	39	investment	investment	NOUN
cblr-3021	130	40	returns	return	NOUN
cblr-3021	130	41	,	,	PUNCT
cblr-3021	130	42	and	and	CCONJ
cblr-3021	130	43	enhancing	enhance	VERB
cblr-3021	130	44	the	the	DET
cblr-3021	130	45	trajectory	trajectory	NOUN
cblr-3021	130	46	of	of	ADP
cblr-3021	130	47	sustainable	sustainable	ADJ
cblr-3021	130	48	economic	economic	ADJ
cblr-3021	130	49	growth	growth	NOUN
cblr-3021	130	50	.	.	PUNCT
cblr-3021	131	1	following	follow	VERB
cblr-3021	131	2	this	this	DET
cblr-3021	131	3	introduction	introduction	NOUN
cblr-3021	131	4	,	,	PUNCT
cblr-3021	131	5	part	part	NOUN
cblr-3021	131	6	ii	ii	PROPN
cblr-3021	131	7	will	will	AUX
cblr-3021	131	8	briefly	briefly	ADV
cblr-3021	131	9	discuss	discuss	VERB
cblr-3021	131	10	the	the	DET
cblr-3021	131	11	history	history	NOUN
cblr-3021	131	12	of	of	ADP
cblr-3021	131	13	ineffectual	ineffectual	ADJ
cblr-3021	131	14	reform	reform	NOUN
cblr-3021	131	15	prior	prior	ADV
cblr-3021	131	16	to	to	ADP
cblr-3021	131	17	the	the	DET
cblr-3021	131	18	nsmia	nsmia	NOUN
cblr-3021	131	19	.	.	PUNCT
cblr-3021	132	1	the	the	DET
cblr-3021	132	2	reasons	reason	NOUN
cblr-3021	132	3	underlying	underlie	VERB
cblr-3021	132	4	these	these	DET
cblr-3021	132	5	failures	failure	NOUN
cblr-3021	132	6	help	help	VERB
cblr-3021	132	7	illustrate	illustrate	VERB
cblr-3021	132	8	the	the	DET
cblr-3021	132	9	proper	proper	ADJ
cblr-3021	132	10	direction	direction	NOUN
cblr-3021	132	11	for	for	ADP
cblr-3021	132	12	future	future	ADJ
cblr-3021	132	13	regulation	regulation	NOUN
cblr-3021	132	14	.	.	PUNCT
cblr-3021	133	1	part	part	NOUN
cblr-3021	133	2	iii	iii	NUM
cblr-3021	133	3	details	detail	NOUN
cblr-3021	133	4	the	the	DET
cblr-3021	133	5	current	current	ADJ
cblr-3021	133	6	state	state	NOUN
cblr-3021	133	7	of	of	ADP
cblr-3021	133	8	regulation	regulation	NOUN
cblr-3021	133	9	for	for	ADP
cblr-3021	133	10	venture	venture	NOUN
cblr-3021	133	11	capital	capital	NOUN
cblr-3021	133	12	,	,	PUNCT
cblr-3021	133	13	in	in	ADP
cblr-3021	133	14	light	light	NOUN
cblr-3021	133	15	of	of	ADP
cblr-3021	133	16	the	the	DET
cblr-3021	133	17	nsmia	nsmia	NOUN
cblr-3021	133	18	and	and	CCONJ
cblr-3021	133	19	the	the	DET
cblr-3021	133	20	california	california	PROPN
cblr-3021	133	21	capital	capital	PROPN
cblr-3021	133	22	access	access	PROPN
cblr-3021	133	23	company	company	NOUN
cblr-3021	133	24	law	law	NOUN
cblr-3021	133	25	(	(	PUNCT
cblr-3021	133	26	"	"	PUNCT
cblr-3021	133	27	cacl	cacl	PROPN
cblr-3021	133	28	"	"	PUNCT
cblr-3021	133	29	)	)	PUNCT
cblr-3021	133	30	.	.	PUNCT
cblr-3021	134	1	part	part	NOUN
cblr-3021	134	2	iv	iv	NUM
cblr-3021	134	3	examines	examine	VERB
cblr-3021	134	4	the	the	DET
cblr-3021	134	5	net	net	ADJ
cblr-3021	134	6	effects	effect	NOUN
cblr-3021	134	7	of	of	ADP
cblr-3021	134	8	these	these	DET
cblr-3021	134	9	laws	law	NOUN
cblr-3021	134	10	and	and	CCONJ
cblr-3021	134	11	other	other	ADJ
cblr-3021	134	12	recent	recent	ADJ
cblr-3021	134	13	capital	capital	NOUN
cblr-3021	134	14	formation	formation	NOUN
cblr-3021	134	15	legislation	legislation	NOUN
cblr-3021	134	16	-	-	PUNCT
cblr-3021	134	17	an	an	DET
cblr-3021	134	18	important	important	ADJ
cblr-3021	134	19	investigation	investigation	NOUN
cblr-3021	134	20	because	because	SCONJ
cblr-3021	134	21	as	as	SCONJ
cblr-3021	134	22	venture	venture	NOUN
cblr-3021	134	23	markets	market	NOUN
cblr-3021	134	24	gain	gain	VERB
cblr-3021	134	25	efficiency	efficiency	NOUN
cblr-3021	134	26	in	in	ADP
cblr-3021	134	27	one	one	NUM
cblr-3021	134	28	area	area	NOUN
cblr-3021	134	29	,	,	PUNCT
cblr-3021	134	30	they	they	PRON
cblr-3021	134	31	often	often	ADV
cblr-3021	134	32	become	become	AUX
cblr-3021	134	33	burdened	burden	VERB
cblr-3021	134	34	by	by	ADP
cblr-3021	134	35	regulations	regulation	NOUN
cblr-3021	134	36	in	in	ADP
cblr-3021	134	37	other	other	ADJ
cblr-3021	134	38	16	16	NUM
cblr-3021	134	39	president	president	PROPN
cblr-3021	134	40	clinton	clinton	PROPN
cblr-3021	134	41	signed	sign	VERB
cblr-3021	134	42	the	the	DET
cblr-3021	134	43	nsmia	nsmia	NOUN
cblr-3021	134	44	into	into	ADP
cblr-3021	134	45	law	law	NOUN
cblr-3021	134	46	on	on	ADP
cblr-3021	134	47	october	october	PROPN
cblr-3021	134	48	11	11	NUM
cblr-3021	134	49	,	,	PUNCT
cblr-3021	134	50	1996	1996	NUM
cblr-3021	134	51	,	,	PUNCT
cblr-3021	134	52	declaring	declare	VERB
cblr-3021	134	53	it	it	PRON
cblr-3021	134	54	"	"	PUNCT
cblr-3021	134	55	the	the	DET
cblr-3021	134	56	most	most	ADV
cblr-3021	134	57	significant	significant	ADJ
cblr-3021	134	58	overhaul	overhaul	NOUN
cblr-3021	134	59	of	of	ADP
cblr-3021	134	60	the	the	DET
cblr-3021	134	61	securities	security	NOUN
cblr-3021	134	62	regulatory	regulatory	ADJ
cblr-3021	134	63	structure	structure	NOUN
cblr-3021	134	64	in	in	ADP
cblr-3021	134	65	decades	decade	NOUN
cblr-3021	134	66	[	[	X
cblr-3021	134	67	that	that	SCONJ
cblr-3021	134	68	]	]	X
cblr-3021	134	69	[	[	X
cblr-3021	134	70	w]ithout	w]ithout	ADP
cblr-3021	134	71	compromising	compromise	VERB
cblr-3021	134	72	investor	investor	NOUN
cblr-3021	134	73	protection	protection	NOUN
cblr-3021	134	74	...	...	PUNCT
cblr-3021	134	75	will	will	AUX
cblr-3021	134	76	enhance	enhance	VERB
cblr-3021	134	77	capital	capital	NOUN
cblr-3021	134	78	formation	formation	NOUN
cblr-3021	134	79	and	and	CCONJ
cblr-3021	134	80	the	the	DET
cblr-3021	134	81	competitiveness	competitiveness	NOUN
cblr-3021	134	82	of	of	ADP
cblr-3021	134	83	the	the	DET
cblr-3021	134	84	american	american	ADJ
cblr-3021	134	85	economy	economy	NOUN
cblr-3021	134	86	.	.	PUNCT
cblr-3021	134	87	"	"	PUNCT
cblr-3021	135	1	statement	statement	NOUN
cblr-3021	135	2	on	on	ADP
cblr-3021	135	3	signing	sign	VERB
cblr-3021	135	4	the	the	DET
cblr-3021	135	5	national	national	ADJ
cblr-3021	135	6	securities	security	NOUN
cblr-3021	135	7	markets	market	NOUN
cblr-3021	135	8	improvements	improvement	NOUN
cblr-3021	135	9	act	act	PROPN
cblr-3021	135	10	of	of	ADP
cblr-3021	135	11	1996	1996	NUM
cblr-3021	135	12	,	,	PUNCT
cblr-3021	135	13	32	32	NUM
cblr-3021	135	14	weekly	weekly	ADJ
cblr-3021	135	15	comp	comp	NOUN
cblr-3021	135	16	.	.	PUNCT
cblr-3021	136	1	pres	pres	PROPN
cblr-3021	136	2	.	.	PUNCT
cblr-3021	137	1	doc	doc	PROPN
cblr-3021	137	2	.	.	PROPN
cblr-3021	137	3	2038	2038	NUM
cblr-3021	137	4	(	(	PUNCT
cblr-3021	137	5	oct	oct	PROPN
cblr-3021	137	6	.	.	PROPN
cblr-3021	137	7	11	11	NUM
cblr-3021	137	8	,	,	PUNCT
cblr-3021	137	9	1996	1996	NUM
cblr-3021	137	10	)	)	PUNCT
cblr-3021	137	11	.	.	PUNCT
cblr-3021	138	1	17	17	NUM
cblr-3021	138	2	see	see	VERB
cblr-3021	138	3	capital	capital	NOUN
cblr-3021	138	4	access	access	NOUN
cblr-3021	138	5	company	company	NOUN
cblr-3021	138	6	law	law	NOUN
cblr-3021	138	7	,	,	PUNCT
cblr-3021	138	8	cal	cal	PROPN
cblr-3021	138	9	.	.	PUNCT
cblr-3021	138	10	corp	corp	PROPN
cblr-3021	138	11	.	.	PROPN
cblr-3021	138	12	code	code	PROPN
cblr-3021	138	13	§	§	PROPN
cblr-3021	138	14	§	§	PROPN
cblr-3021	138	15	28000	28000	NUM
cblr-3021	138	16	-	-	SYM
cblr-3021	138	17	28958	28958	NUM
cblr-3021	138	18	(	(	PUNCT
cblr-3021	138	19	west	west	NOUN
cblr-3021	138	20	supp	supp	PROPN
cblr-3021	138	21	.	.	PUNCT
cblr-3021	138	22	2004	2004	NUM
cblr-3021	138	23	)	)	PUNCT
cblr-3021	138	24	.	.	PUNCT
cblr-3021	139	1	columbia	columbia	PROPN
cblr-3021	139	2	business	business	PROPN
cblr-3021	139	3	la	la	PROPN
cblr-3021	139	4	w	w	PROPN
cblr-3021	139	5	review	review	NOUN
cblr-3021	139	6	[	[	X
cblr-3021	139	7	vol	vol	NOUN
cblr-3021	139	8	.	.	PUNCT
cblr-3021	139	9	2004	2004	NUM
cblr-3021	139	10	venture	venture	NOUN
cblr-3021	139	11	capital	capital	NOUN
cblr-3021	139	12	formation	formation	NOUN
cblr-3021	139	13	and	and	CCONJ
cblr-3021	139	14	access	access	NOUN
cblr-3021	139	15	areas	area	NOUN
cblr-3021	139	16	.	.	PUNCT
cblr-3021	140	1	part	part	NOUN
cblr-3021	140	2	v	v	ADP
cblr-3021	140	3	concludes	conclude	VERB
cblr-3021	140	4	with	with	ADP
cblr-3021	140	5	a	a	DET
cblr-3021	140	6	policy	policy	NOUN
cblr-3021	140	7	analysis	analysis	NOUN
cblr-3021	140	8	and	and	CCONJ
cblr-3021	140	9	presents	present	VERB
cblr-3021	140	10	suggestions	suggestion	NOUN
cblr-3021	140	11	for	for	ADP
cblr-3021	140	12	future	future	ADJ
cblr-3021	140	13	efforts	effort	NOUN
cblr-3021	140	14	at	at	ADP
cblr-3021	140	15	comprehensive	comprehensive	ADJ
cblr-3021	140	16	,	,	PUNCT
cblr-3021	140	17	coherent	coherent	ADJ
cblr-3021	140	18	regulatory	regulatory	ADJ
cblr-3021	140	19	relief	relief	NOUN
cblr-3021	140	20	.	.	PUNCT
cblr-3021	141	1	ii	ii	PROPN
cblr-3021	141	2	.	.	PUNCT
cblr-3021	142	1	the	the	DET
cblr-3021	142	2	evolution	evolution	NOUN
cblr-3021	142	3	of	of	ADP
cblr-3021	142	4	venture	venture	NOUN
cblr-3021	142	5	capital	capital	NOUN
cblr-3021	142	6	and	and	CCONJ
cblr-3021	142	7	its	its	PRON
cblr-3021	142	8	regulation	regulation	NOUN
cblr-3021	142	9	a.	a.	NOUN
cblr-3021	142	10	the	the	DET
cblr-3021	142	11	investment	investment	NOUN
cblr-3021	142	12	company	company	NOUN
cblr-3021	142	13	act	act	NOUN
cblr-3021	142	14	of	of	ADP
cblr-3021	142	15	1940	1940	NUM
cblr-3021	142	16	(	(	PUNCT
cblr-3021	142	17	'	'	NUM
cblr-3021	142	18	40	40	NUM
cblr-3021	142	19	act")18	act")18	ADP
cblr-3021	142	20	the	the	DET
cblr-3021	142	21	impetus	impetus	NOUN
cblr-3021	142	22	for	for	ADP
cblr-3021	142	23	the	the	DET
cblr-3021	142	24	'	'	NUM
cblr-3021	142	25	40	40	NUM
cblr-3021	142	26	act	act	NOUN
cblr-3021	142	27	was	be	AUX
cblr-3021	142	28	the	the	DET
cblr-3021	142	29	real	real	ADJ
cblr-3021	142	30	and	and	CCONJ
cblr-3021	142	31	imagined	imagined	ADJ
cblr-3021	142	32	abuses	abuse	NOUN
cblr-3021	142	33	that	that	PRON
cblr-3021	142	34	occurred	occur	VERB
cblr-3021	142	35	in	in	ADP
cblr-3021	142	36	the	the	DET
cblr-3021	142	37	operation	operation	NOUN
cblr-3021	142	38	of	of	ADP
cblr-3021	142	39	investment	investment	NOUN
cblr-3021	142	40	companies	company	NOUN
cblr-3021	142	41	prior	prior	ADV
cblr-3021	142	42	to	to	ADP
cblr-3021	142	43	and	and	CCONJ
cblr-3021	142	44	during	during	ADP
cblr-3021	142	45	the	the	DET
cblr-3021	142	46	depression	depression	NOUN
cblr-3021	142	47	.	.	PUNCT
cblr-3021	143	1	19	19	NUM
cblr-3021	143	2	congress	congress	PROPN
cblr-3021	143	3	sought	seek	VERB
cblr-3021	143	4	to	to	PART
cblr-3021	143	5	protect	protect	VERB
cblr-3021	143	6	investors	investor	NOUN
cblr-3021	143	7	by	by	ADP
cblr-3021	143	8	regulating	regulate	VERB
cblr-3021	143	9	such	such	ADJ
cblr-3021	143	10	companies	company	NOUN
cblr-3021	143	11	,	,	PUNCT
cblr-3021	143	12	which	which	PRON
cblr-3021	143	13	constituted	constitute	VERB
cblr-3021	143	14	public	public	ADJ
cblr-3021	143	15	investment	investment	NOUN
cblr-3021	143	16	tools	tool	NOUN
cblr-3021	143	17	for	for	ADP
cblr-3021	143	18	those	those	PRON
cblr-3021	143	19	who	who	PRON
cblr-3021	143	20	lacked	lack	VERB
cblr-3021	143	21	enough	enough	ADJ
cblr-3021	143	22	assets	asset	NOUN
cblr-3021	143	23	to	to	PART
cblr-3021	143	24	justify	justify	VERB
cblr-3021	143	25	their	their	PRON
cblr-3021	143	26	own	own	ADJ
cblr-3021	143	27	financial	financial	ADJ
cblr-3021	143	28	advisor	advisor	NOUN
cblr-3021	143	29	.	.	PROPN
cblr-3021	143	30	0	0	PUNCT
cblr-3021	144	1	the	the	DET
cblr-3021	144	2	specific	specific	ADJ
cblr-3021	144	3	objectives	objective	NOUN
cblr-3021	144	4	of	of	ADP
cblr-3021	144	5	the	the	DET
cblr-3021	144	6	'	'	NUM
cblr-3021	144	7	40	40	NUM
cblr-3021	144	8	act	act	NOUN
cblr-3021	144	9	were	be	AUX
cblr-3021	144	10	to	to	PART
cblr-3021	144	11	curtail	curtail	VERB
cblr-3021	144	12	unfair	unfair	ADJ
cblr-3021	144	13	sales	sale	NOUN
cblr-3021	144	14	brokerage	brokerage	NOUN
cblr-3021	144	15	practices	practice	NOUN
cblr-3021	144	16	and	and	CCONJ
cblr-3021	144	17	charges	charge	NOUN
cblr-3021	144	18	,	,	PUNCT
cblr-3021	144	19	establish	establish	VERB
cblr-3021	144	20	reasonable	reasonable	ADJ
cblr-3021	144	21	advisory	advisory	ADJ
cblr-3021	144	22	fees	fee	NOUN
cblr-3021	144	23	,	,	PUNCT
cblr-3021	144	24	ensure	ensure	VERB
cblr-3021	144	25	honest	honest	ADJ
cblr-3021	144	26	,	,	PUNCT
cblr-3021	144	27	objective	objective	ADJ
cblr-3021	144	28	management	management	NOUN
cblr-3021	144	29	,	,	PUNCT
cblr-3021	144	30	generate	generate	VERB
cblr-3021	144	31	greater	great	ADJ
cblr-3021	144	32	management	management	NOUN
cblr-3021	144	33	participation	participation	NOUN
cblr-3021	144	34	by	by	ADP
cblr-3021	144	35	shareholders	shareholder	NOUN
cblr-3021	144	36	,	,	PUNCT
cblr-3021	144	37	promote	promote	VERB
cblr-3021	144	38	solid	solid	ADJ
cblr-3021	144	39	capital	capital	NOUN
cblr-3021	144	40	structures	structure	NOUN
cblr-3021	144	41	,	,	PUNCT
cblr-3021	144	42	and	and	CCONJ
cblr-3021	144	43	institute	institute	NOUN
cblr-3021	144	44	guidelines	guideline	NOUN
cblr-3021	144	45	for	for	ADP
cblr-3021	144	46	financial	financial	ADJ
cblr-3021	144	47	reporting	reporting	NOUN
cblr-3021	144	48	and	and	CCONJ
cblr-3021	144	49	accounting	accounting	NOUN
cblr-3021	144	50	.	.	PUNCT
cblr-3021	144	51	"	"	PUNCT
cblr-3021	145	1	the	the	DET
cblr-3021	145	2	'	'	NUM
cblr-3021	145	3	40	40	NUM
cblr-3021	145	4	act	act	NOUN
cblr-3021	145	5	defines	define	VERB
cblr-3021	145	6	an	an	DET
cblr-3021	145	7	"	"	PUNCT
cblr-3021	145	8	investment	investment	NOUN
cblr-3021	145	9	company	company	NOUN
cblr-3021	145	10	"	"	PUNCT
cblr-3021	145	11	as	as	ADP
cblr-3021	145	12	any	any	DET
cblr-3021	145	13	company	company	NOUN
cblr-3021	145	14	that	that	PRON
cblr-3021	145	15	"	"	PUNCT
cblr-3021	145	16	is	be	AUX
cblr-3021	145	17	or	or	CCONJ
cblr-3021	145	18	holds	hold	VERB
cblr-3021	145	19	itself	itself	PRON
cblr-3021	145	20	out	out	ADP
cblr-3021	145	21	as	as	ADP
cblr-3021	145	22	being	be	AUX
cblr-3021	145	23	engaged	engage	VERB
cblr-3021	145	24	primarily	primarily	ADV
cblr-3021	145	25	,	,	PUNCT
cblr-3021	145	26	or	or	CCONJ
cblr-3021	145	27	proposes	propose	VERB
cblr-3021	145	28	to	to	PART
cblr-3021	145	29	engage	engage	VERB
cblr-3021	145	30	primarily	primarily	ADV
cblr-3021	145	31	,	,	PUNCT
cblr-3021	145	32	in	in	ADP
cblr-3021	145	33	the	the	DET
cblr-3021	145	34	business	business	NOUN
cblr-3021	145	35	of	of	ADP
cblr-3021	145	36	investing	investing	NOUN
cblr-3021	145	37	,	,	PUNCT
cblr-3021	145	38	reinvesting	reinveste	VERB
cblr-3021	145	39	,	,	PUNCT
cblr-3021	145	40	or	or	CCONJ
cblr-3021	145	41	trading	trading	NOUN
cblr-3021	145	42	in	in	ADP
cblr-3021	145	43	securities.2	securities.2	ADP
cblr-3021	145	44	2	2	NUM
cblr-3021	145	45	this	this	DET
cblr-3021	145	46	18	18	NUM
cblr-3021	145	47	the	the	DET
cblr-3021	145	48	investment	investment	NOUN
cblr-3021	145	49	company	company	NOUN
cblr-3021	145	50	act	act	NOUN
cblr-3021	145	51	of	of	ADP
cblr-3021	145	52	1940	1940	NUM
cblr-3021	145	53	,	,	PUNCT
cblr-3021	145	54	15	15	NUM
cblr-3021	145	55	u.s.c	u.s.c	ADJ
cblr-3021	145	56	.	.	PUNCT
cblr-3021	146	1	§	§	PROPN
cblr-3021	146	2	80a-1	80a-1	PROPN
cblr-3021	146	3	to	to	PART
cblr-3021	146	4	-64	-64	PROPN
cblr-3021	146	5	(	(	PUNCT
cblr-3021	146	6	2000	2000	NUM
cblr-3021	146	7	)	)	PUNCT
cblr-3021	146	8	.	.	PUNCT
cblr-3021	147	1	1	1	NUM
cblr-3021	147	2	"	"	PUNCT
cblr-3021	147	3	abuses	abuse	NOUN
cblr-3021	147	4	ranged	range	VERB
cblr-3021	147	5	from	from	ADP
cblr-3021	147	6	poor	poor	ADJ
cblr-3021	147	7	management	management	NOUN
cblr-3021	147	8	and	and	CCONJ
cblr-3021	147	9	over	over	ADP
cblr-3021	147	10	-	-	PUNCT
cblr-3021	147	11	leverage	leverage	NOUN
cblr-3021	147	12	to	to	PART
cblr-3021	147	13	pyramid	pyramid	VERB
cblr-3021	147	14	schemes	scheme	NOUN
cblr-3021	147	15	and	and	CCONJ
cblr-3021	147	16	fraudulent	fraudulent	ADJ
cblr-3021	147	17	misappropriation	misappropriation	NOUN
cblr-3021	147	18	of	of	ADP
cblr-3021	147	19	funds	fund	NOUN
cblr-3021	147	20	.	.	PUNCT
cblr-3021	148	1	these	these	DET
cblr-3021	148	2	abuses	abuse	NOUN
cblr-3021	148	3	prompted	prompt	VERB
cblr-3021	148	4	a	a	DET
cblr-3021	148	5	four	four	NUM
cblr-3021	148	6	-	-	PUNCT
cblr-3021	148	7	year	year	NOUN
cblr-3021	148	8	study	study	NOUN
cblr-3021	148	9	by	by	ADP
cblr-3021	148	10	congress	congress	PROPN
cblr-3021	148	11	,	,	PUNCT
cblr-3021	148	12	the	the	DET
cblr-3021	148	13	conclusions	conclusion	NOUN
cblr-3021	148	14	of	of	ADP
cblr-3021	148	15	which	which	PRON
cblr-3021	148	16	led	lead	VERB
cblr-3021	148	17	to	to	ADP
cblr-3021	148	18	the	the	DET
cblr-3021	148	19	'	'	NUM
cblr-3021	148	20	40	40	NUM
cblr-3021	148	21	act	act	NOUN
cblr-3021	148	22	.	.	PUNCT
cblr-3021	149	1	see	see	VERB
cblr-3021	149	2	generally	generally	ADV
cblr-3021	149	3	bristow	bristow	PROPN
cblr-3021	149	4	&	&	CCONJ
cblr-3021	149	5	petillon	petillon	PROPN
cblr-3021	149	6	,	,	PUNCT
cblr-3021	149	7	supra	supra	PROPN
cblr-3021	149	8	note	note	NOUN
cblr-3021	149	9	5	5	NUM
cblr-3021	149	10	,	,	PUNCT
cblr-3021	149	11	at	at	ADP
cblr-3021	149	12	395	395	NUM
cblr-3021	149	13	-	-	SYM
cblr-3021	149	14	96	96	NUM
cblr-3021	149	15	(	(	PUNCT
cblr-3021	149	16	describing	describe	VERB
cblr-3021	149	17	the	the	DET
cblr-3021	149	18	historical	historical	ADJ
cblr-3021	149	19	background	background	NOUN
cblr-3021	149	20	of	of	ADP
cblr-3021	149	21	the	the	DET
cblr-3021	149	22	'	'	NUM
cblr-3021	149	23	40	40	NUM
cblr-3021	149	24	act	act	NOUN
cblr-3021	149	25	)	)	PUNCT
cblr-3021	149	26	.	.	PUNCT
cblr-3021	150	1	20	20	NUM
cblr-3021	150	2	see	see	VERB
cblr-3021	150	3	i	i	PRON
cblr-3021	150	4	d.	d.	PROPN
cblr-3021	150	5	at	at	ADP
cblr-3021	150	6	395	395	NUM
cblr-3021	150	7	.	.	PUNCT
cblr-3021	151	1	21	21	NUM
cblr-3021	151	2	see	see	VERB
cblr-3021	151	3	louis	louis	NOUN
cblr-3021	151	4	loss	loss	PROPN
cblr-3021	151	5	&	&	CCONJ
cblr-3021	151	6	joel	joel	PROPN
cblr-3021	151	7	seligman	seligman	PROPN
cblr-3021	151	8	,	,	PUNCT
cblr-3021	151	9	fundamentals	fundamental	NOUN
cblr-3021	151	10	of	of	ADP
cblr-3021	151	11	securities	security	NOUN
cblr-3021	151	12	regulation	regulation	NOUN
cblr-3021	151	13	40	40	NUM
cblr-3021	151	14	-	-	SYM
cblr-3021	151	15	45	45	NUM
cblr-3021	151	16	(	(	PUNCT
cblr-3021	151	17	1995	1995	NUM
cblr-3021	151	18	)	)	PUNCT
cblr-3021	151	19	,	,	PUNCT
cblr-3021	151	20	noted	note	VERB
cblr-3021	151	21	in	in	ADP
cblr-3021	151	22	bristow	bristow	PROPN
cblr-3021	151	23	&	&	CCONJ
cblr-3021	151	24	petillon	petillon	PROPN
cblr-3021	151	25	,	,	PUNCT
cblr-3021	151	26	supra	supra	PROPN
cblr-3021	151	27	note	note	NOUN
cblr-3021	151	28	5	5	NUM
cblr-3021	151	29	.	.	SYM
cblr-3021	151	30	2	2	NUM
cblr-3021	151	31	15	15	NUM
cblr-3021	151	32	u.s.c	u.s.c	NOUN
cblr-3021	151	33	.	.	PUNCT
cblr-3021	152	1	§	§	PROPN
cblr-3021	152	2	80a-3(a)(1)(a	80a-3(a)(1)(a	NUM
cblr-3021	152	3	)	)	PUNCT
cblr-3021	152	4	(	(	PUNCT
cblr-3021	152	5	2000	2000	NUM
cblr-3021	152	6	)	)	PUNCT
cblr-3021	152	7	.	.	PUNCT
cblr-3021	153	1	the	the	DET
cblr-3021	153	2	term	term	NOUN
cblr-3021	153	3	"	"	PUNCT
cblr-3021	153	4	security	security	NOUN
cblr-3021	153	5	"	"	PUNCT
cblr-3021	153	6	includes	include	VERB
cblr-3021	153	7	any	any	DET
cblr-3021	153	8	"	"	PUNCT
cblr-3021	153	9	right	right	NOUN
cblr-3021	153	10	to	to	PART
cblr-3021	153	11	subscribe	subscribe	VERB
cblr-3021	153	12	to	to	ADP
cblr-3021	153	13	or	or	CCONJ
cblr-3021	153	14	purchase	purchase	VERB
cblr-3021	153	15	"	"	PUNCT
cblr-3021	153	16	securities	security	NOUN
cblr-3021	153	17	.	.	PUNCT
cblr-3021	154	1	15	15	NUM
cblr-3021	154	2	u.s.c	u.s.c	NOUN
cblr-3021	154	3	.	.	PUNCT
cblr-3021	155	1	§	§	PROPN
cblr-3021	155	2	80a-2(a)(36	80a-2(a)(36	PROPN
cblr-3021	155	3	)	)	PUNCT
cblr-3021	155	4	.	.	PUNCT
cblr-3021	156	1	the	the	DET
cblr-3021	156	2	full	full	ADJ
cblr-3021	156	3	text	text	NOUN
cblr-3021	156	4	of	of	ADP
cblr-3021	156	5	15	15	NUM
cblr-3021	156	6	u.s.c	u.s.c	ADJ
cblr-3021	156	7	.	.	PUNCT
cblr-3021	157	1	§	§	PROPN
cblr-3021	157	2	80a-3	80a-3	PROPN
cblr-3021	157	3	defines	define	VERB
cblr-3021	157	4	an	an	DET
cblr-3021	157	5	"	"	PUNCT
cblr-3021	157	6	investment	investment	NOUN
cblr-3021	157	7	company	company	NOUN
cblr-3021	157	8	"	"	PUNCT
cblr-3021	157	9	as	as	ADP
cblr-3021	157	10	any	any	DET
cblr-3021	157	11	issuer	issuer	NOUN
cblr-3021	157	12	that	that	SCONJ
cblr-3021	157	13	:	:	PUNCT
cblr-3021	157	14	(	(	PUNCT
cblr-3021	157	15	1	1	X
cblr-3021	157	16	)	)	PUNCT
cblr-3021	157	17	"	"	PUNCT
cblr-3021	157	18	is	be	AUX
cblr-3021	157	19	or	or	CCONJ
cblr-3021	157	20	holds	hold	VERB
cblr-3021	157	21	itself	itself	PRON
cblr-3021	157	22	out	out	ADP
cblr-3021	157	23	as	as	ADP
cblr-3021	157	24	being	be	AUX
cblr-3021	157	25	engaged	engage	VERB
cblr-3021	157	26	primarily	primarily	ADV
cblr-3021	157	27	,	,	PUNCT
cblr-3021	157	28	or	or	CCONJ
cblr-3021	157	29	proposes	propose	VERB
cblr-3021	157	30	to	to	PART
cblr-3021	157	31	engage	engage	VERB
cblr-3021	157	32	primarily	primarily	ADV
cblr-3021	157	33	,	,	PUNCT
cblr-3021	157	34	in	in	ADP
cblr-3021	157	35	the	the	DET
cblr-3021	157	36	business	business	NOUN
cblr-3021	157	37	of	of	ADP
cblr-3021	157	38	investing	investing	NOUN
cblr-3021	157	39	,	,	PUNCT
cblr-3021	157	40	reinvesting	reinveste	VERB
cblr-3021	157	41	,	,	PUNCT
cblr-3021	157	42	or	or	CCONJ
cblr-3021	157	43	no	no	INTJ
cblr-3021	157	44	.	.	PUNCT
cblr-3021	158	1	1:77	1:77	NUM
cblr-3021	158	2	]	]	X
cblr-3021	158	3	definition	definition	NOUN
cblr-3021	158	4	arguably	arguably	ADV
cblr-3021	158	5	does	do	AUX
cblr-3021	158	6	not	not	PART
cblr-3021	158	7	include	include	VERB
cblr-3021	158	8	venture	venture	NOUN
cblr-3021	158	9	capital	capital	NOUN
cblr-3021	158	10	firms	firm	NOUN
cblr-3021	158	11	,	,	PUNCT
cblr-3021	158	12	unlike	unlike	ADP
cblr-3021	158	13	mutual	mutual	ADJ
cblr-3021	158	14	funds	fund	NOUN
cblr-3021	158	15	.	.	PUNCT
cblr-3021	159	1	venture	venture	NOUN
cblr-3021	159	2	capital	capital	NOUN
cblr-3021	159	3	firms	firm	NOUN
cblr-3021	159	4	indirectly	indirectly	ADV
cblr-3021	159	5	and	and	CCONJ
cblr-3021	159	6	directly	directly	ADV
cblr-3021	159	7	engage	engage	VERB
cblr-3021	159	8	in	in	ADP
cblr-3021	159	9	the	the	DET
cblr-3021	159	10	businesses	business	NOUN
cblr-3021	159	11	of	of	ADP
cblr-3021	159	12	the	the	DET
cblr-3021	159	13	portfolio	portfolio	NOUN
cblr-3021	159	14	companies	company	NOUN
cblr-3021	159	15	that	that	SCONJ
cblr-3021	159	16	they	they	PRON
cblr-3021	159	17	control	control	VERB
cblr-3021	159	18	.	.	PUNCT
cblr-3021	160	1	the	the	DET
cblr-3021	160	2	initial	initial	ADJ
cblr-3021	160	3	investment	investment	NOUN
cblr-3021	160	4	usually	usually	ADV
cblr-3021	160	5	marks	mark	VERB
cblr-3021	160	6	the	the	DET
cblr-3021	160	7	beginning	beginning	NOUN
cblr-3021	160	8	of	of	ADP
cblr-3021	160	9	a	a	DET
cblr-3021	160	10	seven	seven	NUM
cblr-3021	160	11	to	to	PART
cblr-3021	160	12	ten	ten	NUM
cblr-3021	160	13	year	year	NOUN
cblr-3021	160	14	relationship	relationship	NOUN
cblr-3021	160	15	in	in	ADP
cblr-3021	160	16	which	which	PRON
cblr-3021	160	17	the	the	DET
cblr-3021	160	18	venture	venture	NOUN
cblr-3021	160	19	capitalist	capitalist	NOUN
cblr-3021	160	20	helps	help	VERB
cblr-3021	160	21	the	the	DET
cblr-3021	160	22	entrepreneur	entrepreneur	NOUN
cblr-3021	160	23	build	build	VERB
cblr-3021	160	24	a	a	DET
cblr-3021	160	25	strong	strong	ADJ
cblr-3021	160	26	management	management	NOUN
cblr-3021	160	27	team	team	NOUN
cblr-3021	160	28	,	,	PUNCT
cblr-3021	160	29	manage	manage	VERB
cblr-3021	160	30	rapid	rapid	ADJ
cblr-3021	160	31	growth	growth	NOUN
cblr-3021	160	32	,	,	PUNCT
cblr-3021	160	33	and	and	CCONJ
cblr-3021	160	34	develop	develop	VERB
cblr-3021	160	35	strategic	strategic	ADJ
cblr-3021	160	36	partnerships	partnership	NOUN
cblr-3021	160	37	.	.	PUNCT
cblr-3021	161	1	venture	venture	NOUN
cblr-3021	161	2	capitalists	capitalist	NOUN
cblr-3021	161	3	themselves	themselves	PRON
cblr-3021	161	4	often	often	ADV
cblr-3021	161	5	assume	assume	VERB
cblr-3021	161	6	management	management	NOUN
cblr-3021	161	7	positions	position	NOUN
cblr-3021	161	8	until	until	SCONJ
cblr-3021	161	9	others	other	NOUN
cblr-3021	161	10	can	can	AUX
cblr-3021	161	11	be	be	AUX
cblr-3021	161	12	recruited	recruit	VERB
cblr-3021	161	13	.	.	PUNCT
cblr-3021	162	1	therefore	therefore	ADV
cblr-3021	162	2	,	,	PUNCT
cblr-3021	162	3	venture	venture	NOUN
cblr-3021	162	4	funds	fund	NOUN
cblr-3021	162	5	might	might	AUX
cblr-3021	162	6	not	not	PART
cblr-3021	162	7	"	"	PUNCT
cblr-3021	162	8	primarily	primarily	ADV
cblr-3021	162	9	engage	engage	VERB
cblr-3021	162	10	"	"	PUNCT
cblr-3021	162	11	in	in	ADP
cblr-3021	162	12	investing	invest	VERB
cblr-3021	162	13	in	in	ADP
cblr-3021	162	14	securities	security	NOUN
cblr-3021	162	15	,	,	PUNCT
cblr-3021	162	16	particularly	particularly	ADV
cblr-3021	162	17	when	when	SCONJ
cblr-3021	162	18	contrasted	contrast	VERB
cblr-3021	162	19	with	with	ADP
cblr-3021	162	20	mutual	mutual	ADJ
cblr-3021	162	21	funds	fund	NOUN
cblr-3021	162	22	,	,	PUNCT
cblr-3021	162	23	the	the	DET
cblr-3021	162	24	regulatory	regulatory	ADJ
cblr-3021	162	25	target	target	NOUN
cblr-3021	162	26	of	of	ADP
cblr-3021	162	27	the	the	DET
cblr-3021	162	28	'	'	NUM
cblr-3021	162	29	40	40	NUM
cblr-3021	162	30	act	act	NOUN
cblr-3021	162	31	.	.	PUNCT
cblr-3021	163	1	the	the	DET
cblr-3021	163	2	typical	typical	ADJ
cblr-3021	163	3	venture	venture	NOUN
cblr-3021	163	4	capital	capital	NOUN
cblr-3021	163	5	investment	investment	NOUN
cblr-3021	163	6	time	time	NOUN
cblr-3021	163	7	horizon	horizon	NOUN
cblr-3021	163	8	is	be	AUX
cblr-3021	163	9	seven	seven	NUM
cblr-3021	163	10	to	to	PART
cblr-3021	163	11	ten	ten	NUM
cblr-3021	163	12	years	year	NOUN
cblr-3021	163	13	,	,	PUNCT
cblr-3021	163	14	during	during	ADP
cblr-3021	163	15	which	which	PRON
cblr-3021	163	16	the	the	DET
cblr-3021	163	17	firm	firm	NOUN
cblr-3021	163	18	actively	actively	ADV
cblr-3021	163	19	recruits	recruit	VERB
cblr-3021	163	20	executives	executive	NOUN
cblr-3021	163	21	,	,	PUNCT
cblr-3021	163	22	provides	provide	VERB
cblr-3021	163	23	management	management	NOUN
cblr-3021	163	24	oversight	oversight	NOUN
cblr-3021	163	25	,	,	PUNCT
cblr-3021	163	26	and	and	CCONJ
cblr-3021	163	27	fosters	foster	VERB
cblr-3021	163	28	partnerships	partnership	NOUN
cblr-3021	163	29	,	,	PUNCT
cblr-3021	163	30	while	while	SCONJ
cblr-3021	163	31	a	a	DET
cblr-3021	163	32	mutual	mutual	ADJ
cblr-3021	163	33	fund	fund	NOUN
cblr-3021	163	34	may	may	AUX
cblr-3021	163	35	modify	modify	VERB
cblr-3021	163	36	its	its	PRON
cblr-3021	163	37	investment	investment	NOUN
cblr-3021	163	38	positions	position	NOUN
cblr-3021	163	39	on	on	ADP
cblr-3021	163	40	up	up	ADP
cblr-3021	163	41	to	to	ADP
cblr-3021	163	42	a	a	DET
cblr-3021	163	43	quarterly	quarterly	ADJ
cblr-3021	163	44	basis	basis	NOUN
cblr-3021	163	45	and	and	CCONJ
cblr-3021	163	46	has	have	VERB
cblr-3021	163	47	no	no	DET
cblr-3021	163	48	similarly	similarly	ADV
cblr-3021	163	49	meaningful	meaningful	ADJ
cblr-3021	163	50	role	role	NOUN
cblr-3021	163	51	in	in	ADP
cblr-3021	163	52	managing	manage	VERB
cblr-3021	163	53	the	the	DET
cblr-3021	163	54	operations	operation	NOUN
cblr-3021	163	55	of	of	ADP
cblr-3021	163	56	the	the	DET
cblr-3021	163	57	companies	company	NOUN
cblr-3021	163	58	in	in	ADP
cblr-3021	163	59	which	which	PRON
cblr-3021	163	60	it	it	PRON
cblr-3021	163	61	invests	invest	VERB
cblr-3021	163	62	.	.	PUNCT
cblr-3021	164	1	however	however	ADV
cblr-3021	164	2	,	,	PUNCT
cblr-3021	164	3	the	the	DET
cblr-3021	164	4	sec	sec	PROPN
cblr-3021	164	5	rejected	reject	VERB
cblr-3021	164	6	this	this	DET
cblr-3021	164	7	argument	argument	NOUN
cblr-3021	164	8	,	,	PUNCT
cblr-3021	164	9	maintaining	maintain	VERB
cblr-3021	164	10	that	that	SCONJ
cblr-3021	164	11	a	a	DET
cblr-3021	164	12	company	company	NOUN
cblr-3021	164	13	that	that	PRON
cblr-3021	164	14	acquires	acquire	VERB
cblr-3021	164	15	the	the	DET
cblr-3021	164	16	securities	security	NOUN
cblr-3021	164	17	of	of	ADP
cblr-3021	164	18	controlled	control	VERB
cblr-3021	164	19	companies	company	NOUN
cblr-3021	164	20	with	with	ADP
cblr-3021	164	21	the	the	DET
cblr-3021	164	22	intent	intent	NOUN
cblr-3021	164	23	of	of	ADP
cblr-3021	164	24	reselling	resell	VERB
cblr-3021	164	25	them	they	PRON
cblr-3021	164	26	rather	rather	ADV
cblr-3021	164	27	than	than	ADP
cblr-3021	164	28	operating	operate	VERB
cblr-3021	164	29	the	the	DET
cblr-3021	164	30	companies	company	NOUN
cblr-3021	164	31	'	'	PART
cblr-3021	164	32	businesses	business	NOUN
cblr-3021	164	33	for	for	ADP
cblr-3021	164	34	the	the	DET
cblr-3021	164	35	long	long	ADJ
cblr-3021	164	36	term	term	NOUN
cblr-3021	164	37	qualifies	qualify	VERB
cblr-3021	164	38	as	as	ADP
cblr-3021	164	39	an	an	DET
cblr-3021	164	40	investment	investment	NOUN
cblr-3021	164	41	company.23	company.23	ADP
cblr-3021	164	42	the	the	DET
cblr-3021	164	43	federal	federal	ADJ
cblr-3021	164	44	courts	court	NOUN
cblr-3021	164	45	still	still	ADV
cblr-3021	164	46	have	have	AUX
cblr-3021	164	47	not	not	PART
cblr-3021	164	48	developed	develop	VERB
cblr-3021	164	49	a	a	DET
cblr-3021	164	50	precise	precise	ADJ
cblr-3021	164	51	definition	definition	NOUN
cblr-3021	164	52	of	of	ADP
cblr-3021	164	53	"	"	PUNCT
cblr-3021	164	54	long	long	ADJ
cblr-3021	164	55	-	-	PUNCT
cblr-3021	164	56	term	term	NOUN
cblr-3021	164	57	,	,	PUNCT
cblr-3021	164	58	"	"	PUNCT
cblr-3021	164	59	and	and	CCONJ
cblr-3021	164	60	so	so	ADV
cblr-3021	164	61	the	the	DET
cblr-3021	164	62	distinction	distinction	NOUN
cblr-3021	164	63	remains	remain	VERB
cblr-3021	164	64	ambiguous	ambiguous	ADJ
cblr-3021	164	65	and	and	CCONJ
cblr-3021	164	66	artificial	artificial	ADJ
cblr-3021	164	67	.	.	PUNCT
cblr-3021	165	1	as	as	ADP
cblr-3021	165	2	a	a	DET
cblr-3021	165	3	result	result	NOUN
cblr-3021	165	4	,	,	PUNCT
cblr-3021	165	5	venture	venture	NOUN
cblr-3021	165	6	capital	capital	NOUN
cblr-3021	165	7	funds	fund	NOUN
cblr-3021	165	8	generally	generally	ADV
cblr-3021	165	9	have	have	AUX
cblr-3021	165	10	fallen	fall	VERB
cblr-3021	165	11	under	under	ADP
cblr-3021	165	12	the	the	DET
cblr-3021	165	13	purview	purview	NOUN
cblr-3021	165	14	of	of	ADP
cblr-3021	165	15	the	the	DET
cblr-3021	165	16	trading	trading	NOUN
cblr-3021	165	17	in	in	ADP
cblr-3021	165	18	securities	security	NOUN
cblr-3021	165	19	"	"	PUNCT
cblr-3021	165	20	;	;	PUNCT
cblr-3021	165	21	(	(	PUNCT
cblr-3021	165	22	2	2	X
cblr-3021	165	23	)	)	PUNCT
cblr-3021	165	24	"	"	PUNCT
cblr-3021	165	25	is	be	AUX
cblr-3021	165	26	engaged	engage	VERB
cblr-3021	165	27	or	or	CCONJ
cblr-3021	165	28	proposes	propose	VERB
cblr-3021	165	29	to	to	PART
cblr-3021	165	30	engage	engage	VERB
cblr-3021	165	31	in	in	ADP
cblr-3021	165	32	the	the	DET
cblr-3021	165	33	business	business	NOUN
cblr-3021	165	34	of	of	ADP
cblr-3021	165	35	issuing	issue	VERB
cblr-3021	165	36	face	face	NOUN
cblr-3021	165	37	-	-	PUNCT
cblr-3021	165	38	amount	amount	NOUN
cblr-3021	165	39	certificates	certificate	NOUN
cblr-3021	165	40	of	of	ADP
cblr-3021	165	41	the	the	DET
cblr-3021	165	42	installment	installment	NOUN
cblr-3021	165	43	type	type	NOUN
cblr-3021	165	44	,	,	PUNCT
cblr-3021	165	45	or	or	CCONJ
cblr-3021	165	46	has	have	AUX
cblr-3021	165	47	been	be	AUX
cblr-3021	165	48	engaged	engage	VERB
cblr-3021	165	49	in	in	ADP
cblr-3021	165	50	such	such	ADJ
cblr-3021	165	51	business	business	NOUN
cblr-3021	165	52	and	and	CCONJ
cblr-3021	165	53	has	have	VERB
cblr-3021	165	54	any	any	DET
cblr-3021	165	55	such	such	ADJ
cblr-3021	165	56	certificate	certificate	NOUN
cblr-3021	165	57	outstanding	outstanding	ADJ
cblr-3021	165	58	"	"	PUNCT
cblr-3021	165	59	;	;	PUNCT
cblr-3021	165	60	or	or	CCONJ
cblr-3021	165	61	(	(	PUNCT
cblr-3021	165	62	3	3	X
cblr-3021	165	63	)	)	PUNCT
cblr-3021	165	64	"	"	PUNCT
cblr-3021	165	65	is	be	AUX
cblr-3021	165	66	engaged	engage	VERB
cblr-3021	165	67	or	or	CCONJ
cblr-3021	165	68	proposes	propose	VERB
cblr-3021	165	69	to	to	PART
cblr-3021	165	70	engage	engage	VERB
cblr-3021	165	71	in	in	ADP
cblr-3021	165	72	the	the	DET
cblr-3021	165	73	business	business	NOUN
cblr-3021	165	74	of	of	ADP
cblr-3021	165	75	investing	investing	NOUN
cblr-3021	165	76	,	,	PUNCT
cblr-3021	165	77	reinvesting	reinveste	VERB
cblr-3021	165	78	,	,	PUNCT
cblr-3021	165	79	owning	owning	NOUN
cblr-3021	165	80	,	,	PUNCT
cblr-3021	165	81	holding	holding	NOUN
cblr-3021	165	82	,	,	PUNCT
cblr-3021	165	83	or	or	CCONJ
cblr-3021	165	84	trading	trading	NOUN
cblr-3021	165	85	in	in	ADP
cblr-3021	165	86	securities	security	NOUN
cblr-3021	165	87	,	,	PUNCT
cblr-3021	165	88	and	and	CCONJ
cblr-3021	165	89	owns	own	VERB
cblr-3021	165	90	or	or	CCONJ
cblr-3021	165	91	proposes	propose	VERB
cblr-3021	165	92	to	to	PART
cblr-3021	165	93	acquire	acquire	VERB
cblr-3021	165	94	investment	investment	NOUN
cblr-3021	165	95	securities	security	NOUN
cblr-3021	165	96	having	have	VERB
cblr-3021	165	97	a	a	DET
cblr-3021	165	98	value	value	NOUN
cblr-3021	165	99	exceeding	exceed	VERB
cblr-3021	165	100	40	40	NUM
cblr-3021	165	101	per	per	ADP
cblr-3021	165	102	centum	centum	NOUN
cblr-3021	165	103	of	of	ADP
cblr-3021	165	104	the	the	DET
cblr-3021	165	105	value	value	NOUN
cblr-3021	165	106	of	of	ADP
cblr-3021	165	107	such	such	ADJ
cblr-3021	165	108	issuer	issuer	NOUN
cblr-3021	165	109	's	's	PART
cblr-3021	165	110	total	total	ADJ
cblr-3021	165	111	assets	asset	NOUN
cblr-3021	165	112	(	(	PUNCT
cblr-3021	165	113	exclusive	exclusive	ADJ
cblr-3021	165	114	of	of	ADP
cblr-3021	165	115	government	government	NOUN
cblr-3021	165	116	securities	security	NOUN
cblr-3021	165	117	and	and	CCONJ
cblr-3021	165	118	cash	cash	NOUN
cblr-3021	165	119	items	item	NOUN
cblr-3021	165	120	)	)	PUNCT
cblr-3021	165	121	on	on	ADP
cblr-3021	165	122	an	an	DET
cblr-3021	165	123	unconsolidated	unconsolidated	ADJ
cblr-3021	165	124	basis	basis	NOUN
cblr-3021	165	125	.	.	PUNCT
cblr-3021	165	126	"	"	PUNCT
cblr-3021	166	1	23	23	NUM
cblr-3021	166	2	see	see	VERB
cblr-3021	166	3	sec	sec	PROPN
cblr-3021	166	4	v.	v.	ADP
cblr-3021	166	5	fifth	fifth	PROPN
cblr-3021	166	6	ave	ave	PROPN
cblr-3021	166	7	.	.	PUNCT
cblr-3021	167	1	coach	coach	NOUN
cblr-3021	167	2	lines	line	NOUN
cblr-3021	167	3	,	,	PUNCT
cblr-3021	167	4	inc	inc	PROPN
cblr-3021	167	5	.	.	PROPN
cblr-3021	167	6	289	289	NUM
cblr-3021	167	7	f.	f.	PROPN
cblr-3021	167	8	supp	supp	PROPN
cblr-3021	167	9	.	.	PUNCT
cblr-3021	168	1	3	3	NUM
cblr-3021	168	2	(	(	PUNCT
cblr-3021	168	3	s.d.n.y	s.d.n.y	PROPN
cblr-3021	168	4	.	.	PROPN
cblr-3021	168	5	1968	1968	NUM
cblr-3021	168	6	)	)	PUNCT
cblr-3021	168	7	,	,	PUNCT
cblr-3021	168	8	affd	affd	VERB
cblr-3021	168	9	by	by	ADP
cblr-3021	168	10	435	435	NUM
cblr-3021	168	11	f.2d	f.2d	NOUN
cblr-3021	168	12	510	510	NUM
cblr-3021	168	13	(	(	PUNCT
cblr-3021	168	14	2nd	2nd	ADJ
cblr-3021	168	15	cir	cir	NOUN
cblr-3021	168	16	.	.	PROPN
cblr-3021	168	17	1970	1970	NUM
cblr-3021	168	18	)	)	PUNCT
cblr-3021	168	19	(	(	PUNCT
cblr-3021	168	20	specifying	specify	VERB
cblr-3021	168	21	when	when	SCONJ
cblr-3021	168	22	a	a	DET
cblr-3021	168	23	company	company	NOUN
cblr-3021	168	24	is	be	AUX
cblr-3021	168	25	'	'	PUNCT
cblr-3021	168	26	primarily	primarily	ADV
cblr-3021	168	27	engaged	engage	VERB
cblr-3021	168	28	'	'	PUNCT
cblr-3021	168	29	in	in	ADP
cblr-3021	168	30	investing	invest	VERB
cblr-3021	168	31	in	in	ADP
cblr-3021	168	32	securities	security	NOUN
cblr-3021	168	33	)	)	PUNCT
cblr-3021	168	34	,	,	PUNCT
cblr-3021	168	35	noted	note	VERB
cblr-3021	168	36	in	in	ADP
cblr-3021	168	37	douglas	douglas	PROPN
cblr-3021	168	38	g.	g.	PROPN
cblr-3021	168	39	smith	smith	PROPN
cblr-3021	168	40	,	,	PUNCT
cblr-3021	168	41	the	the	DET
cblr-3021	168	42	venture	venture	NOUN
cblr-3021	168	43	capital	capital	NOUN
cblr-3021	168	44	company	company	NOUN
cblr-3021	168	45	:	:	PUNCT
cblr-3021	168	46	a	a	DET
cblr-3021	168	47	contractarian	contractarian	ADJ
cblr-3021	168	48	rebuttal	rebuttal	NOUN
cblr-3021	168	49	to	to	ADP
cblr-3021	168	50	the	the	DET
cblr-3021	168	51	political	political	ADJ
cblr-3021	168	52	theory	theory	NOUN
cblr-3021	168	53	of	of	ADP
cblr-3021	168	54	american	american	ADJ
cblr-3021	168	55	corporate	corporate	ADJ
cblr-3021	168	56	finance	finance	NOUN
cblr-3021	168	57	?	?	PUNCT
cblr-3021	168	58	,	,	PUNCT
cblr-3021	168	59	65	65	NUM
cblr-3021	168	60	tenn	tenn	PROPN
cblr-3021	168	61	.	.	PUNCT
cblr-3021	169	1	l.	l.	PROPN
cblr-3021	169	2	rev	rev	PROPN
cblr-3021	169	3	.	.	PROPN
cblr-3021	169	4	79	79	NUM
cblr-3021	169	5	,	,	PUNCT
cblr-3021	169	6	139	139	NUM
cblr-3021	169	7	(	(	PUNCT
cblr-3021	169	8	1997	1997	NUM
cblr-3021	169	9	)	)	PUNCT
cblr-3021	169	10	.	.	PUNCT
cblr-3021	170	1	columbia	columbia	PROPN
cblr-3021	170	2	business	business	PROPN
cblr-3021	170	3	la	la	PROPN
cblr-3021	170	4	w	w	PROPN
cblr-3021	170	5	review	review	NOUN
cblr-3021	170	6	[	[	X
cblr-3021	170	7	vol	vol	NOUN
cblr-3021	170	8	.	.	PUNCT
cblr-3021	170	9	2004	2004	NUM
cblr-3021	170	10	venture	venture	NOUN
cblr-3021	170	11	capital	capital	NOUN
cblr-3021	170	12	formation	formation	NOUN
cblr-3021	170	13	and	and	CCONJ
cblr-3021	170	14	access	access	NOUN
cblr-3021	170	15	'	'	NUM
cblr-3021	170	16	40	40	NUM
cblr-3021	170	17	act	act	NOUN
cblr-3021	170	18	,	,	PUNCT
cblr-3021	170	19	which	which	PRON
cblr-3021	170	20	imposes	impose	VERB
cblr-3021	170	21	exceedingly	exceedingly	ADV
cblr-3021	170	22	onerous	onerous	ADJ
cblr-3021	170	23	regulations	regulation	NOUN
cblr-3021	170	24	intended	intend	VERB
cblr-3021	170	25	for	for	ADP
cblr-3021	170	26	mutual	mutual	ADJ
cblr-3021	170	27	funds.24	funds.24	NOUN
cblr-3021	170	28	the	the	DET
cblr-3021	170	29	'	'	NUM
cblr-3021	170	30	40	40	NUM
cblr-3021	170	31	act	act	NOUN
cblr-3021	170	32	,	,	PUNCT
cblr-3021	170	33	however	however	ADV
cblr-3021	170	34	,	,	PUNCT
cblr-3021	170	35	contains	contain	VERB
cblr-3021	170	36	an	an	DET
cblr-3021	170	37	important	important	ADJ
cblr-3021	170	38	exception	exception	NOUN
cblr-3021	170	39	.	.	PUNCT
cblr-3021	171	1	a	a	DET
cblr-3021	171	2	company	company	NOUN
cblr-3021	171	3	with	with	ADP
cblr-3021	171	4	outstanding	outstanding	ADJ
cblr-3021	171	5	securities	security	NOUN
cblr-3021	171	6	beneficially	beneficially	ADV
cblr-3021	171	7	owned	own	VERB
cblr-3021	171	8	by	by	ADP
cblr-3021	171	9	not	not	PART
cblr-3021	171	10	more	more	ADJ
cblr-3021	171	11	than	than	ADP
cblr-3021	171	12	one	one	NUM
cblr-3021	171	13	hundred	hundred	NUM
cblr-3021	171	14	persons	person	NOUN
cblr-3021	171	15	that	that	PRON
cblr-3021	171	16	does	do	AUX
cblr-3021	171	17	not	not	PART
cblr-3021	171	18	make	make	VERB
cblr-3021	171	19	a	a	DET
cblr-3021	171	20	public	public	ADJ
cblr-3021	171	21	offering	offering	NOUN
cblr-3021	171	22	of	of	ADP
cblr-3021	171	23	its	its	PRON
cblr-3021	171	24	securities	security	NOUN
cblr-3021	171	25	can	can	AUX
cblr-3021	171	26	escape	escape	VERB
cblr-3021	171	27	regulation	regulation	NOUN
cblr-3021	171	28	under	under	ADP
cblr-3021	171	29	the	the	DET
cblr-3021	171	30	'	'	NUM
cblr-3021	171	31	40	40	NUM
cblr-3021	171	32	act.25	act.25	NOUN
cblr-3021	171	33	thus	thus	ADV
cblr-3021	171	34	,	,	PUNCT
cblr-3021	171	35	private	private	ADJ
cblr-3021	171	36	venture	venture	NOUN
cblr-3021	171	37	capital	capital	NOUN
cblr-3021	171	38	companies	company	NOUN
cblr-3021	171	39	use	use	VERB
cblr-3021	171	40	this	this	DET
cblr-3021	171	41	exemption	exemption	NOUN
cblr-3021	171	42	to	to	PART
cblr-3021	171	43	avoid	avoid	VERB
cblr-3021	171	44	the	the	DET
cblr-3021	171	45	'	'	NUM
cblr-3021	171	46	40	40	NUM
cblr-3021	171	47	act	act	NOUN
cblr-3021	171	48	registration	registration	NOUN
cblr-3021	171	49	by	by	ADP
cblr-3021	171	50	forming	form	VERB
cblr-3021	171	51	limited	limited	ADJ
cblr-3021	171	52	partnerships	partnership	NOUN
cblr-3021	171	53	with	with	ADP
cblr-3021	171	54	less	less	ADJ
cblr-3021	171	55	than	than	ADP
cblr-3021	171	56	one	one	NUM
cblr-3021	171	57	hundred	hundred	NUM
cblr-3021	171	58	investors	investor	NOUN
cblr-3021	171	59	.	.	PUNCT
cblr-3021	172	1	the	the	DET
cblr-3021	172	2	venture	venture	NOUN
cblr-3021	172	3	capital	capital	NOUN
cblr-3021	172	4	industry	industry	NOUN
cblr-3021	172	5	,	,	PUNCT
cblr-3021	172	6	then	then	ADV
cblr-3021	172	7	,	,	PUNCT
cblr-3021	172	8	has	have	AUX
cblr-3021	172	9	been	be	AUX
cblr-3021	172	10	characterized	characterize	VERB
cblr-3021	172	11	by	by	ADP
cblr-3021	172	12	funds	fund	NOUN
cblr-3021	172	13	highly	highly	ADV
cblr-3021	172	14	restricted	restrict	VERB
cblr-3021	172	15	in	in	ADP
cblr-3021	172	16	the	the	DET
cblr-3021	172	17	number	number	NOUN
cblr-3021	172	18	of	of	ADP
cblr-3021	172	19	investors	investor	NOUN
cblr-3021	172	20	.	.	PUNCT
cblr-3021	173	1	major	major	ADJ
cblr-3021	173	2	problems	problem	NOUN
cblr-3021	173	3	for	for	ADP
cblr-3021	173	4	venture	venture	NOUN
cblr-3021	173	5	capital	capital	NOUN
cblr-3021	173	6	funds	fund	NOUN
cblr-3021	173	7	under	under	ADP
cblr-3021	173	8	the	the	DET
cblr-3021	173	9	'	'	NUM
cblr-3021	173	10	40	40	NUM
cblr-3021	173	11	act	act	NOUN
cblr-3021	173	12	exist	exist	VERB
cblr-3021	173	13	.	.	PUNCT
cblr-3021	174	1	first	first	ADV
cblr-3021	174	2	,	,	PUNCT
cblr-3021	174	3	prohibitions	prohibition	NOUN
cblr-3021	174	4	on	on	ADP
cblr-3021	174	5	the	the	DET
cblr-3021	174	6	issuance	issuance	NOUN
cblr-3021	174	7	of	of	ADP
cblr-3021	174	8	warrants	warrant	NOUN
cblr-3021	174	9	,	,	PUNCT
cblr-3021	174	10	options	option	NOUN
cblr-3021	174	11	,	,	PUNCT
cblr-3021	174	12	or	or	CCONJ
cblr-3021	174	13	securities	security	NOUN
cblr-3021	174	14	in	in	ADP
cblr-3021	174	15	exchange	exchange	NOUN
cblr-3021	174	16	for	for	ADP
cblr-3021	174	17	services	service	NOUN
cblr-3021	174	18	rendered	render	VERB
cblr-3021	174	19	to	to	ADP
cblr-3021	174	20	the	the	DET
cblr-3021	174	21	company	company	NOUN
cblr-3021	174	22	constrain	constrain	VERB
cblr-3021	174	23	labor	labor	NOUN
cblr-3021	174	24	contracts	contract	NOUN
cblr-3021	174	25	.	.	PUNCT
cblr-3021	175	1	second	second	ADJ
cblr-3021	175	2	,	,	PUNCT
cblr-3021	175	3	restrictions	restriction	NOUN
cblr-3021	175	4	on	on	ADP
cblr-3021	175	5	the	the	DET
cblr-3021	175	6	sale	sale	NOUN
cblr-3021	175	7	of	of	ADP
cblr-3021	175	8	the	the	DET
cblr-3021	175	9	company	company	NOUN
cblr-3021	175	10	's	's	PART
cblr-3021	175	11	common	common	ADJ
cblr-3021	175	12	stock	stock	NOUN
cblr-3021	175	13	at	at	ADP
cblr-3021	175	14	less	less	ADJ
cblr-3021	175	15	than	than	SCONJ
cblr-3021	175	16	net	net	ADJ
cblr-3021	175	17	asset	asset	NOUN
cblr-3021	175	18	value	value	NOUN
cblr-3021	175	19	impede	impede	VERB
cblr-3021	175	20	a	a	DET
cblr-3021	175	21	registered	register	VERB
cblr-3021	175	22	venture	venture	NOUN
cblr-3021	175	23	capital	capital	NOUN
cblr-3021	175	24	fund	fund	NOUN
cblr-3021	175	25	that	that	PRON
cblr-3021	175	26	seeks	seek	VERB
cblr-3021	175	27	to	to	PART
cblr-3021	175	28	make	make	VERB
cblr-3021	175	29	a	a	DET
cblr-3021	175	30	secondary	secondary	ADJ
cblr-3021	175	31	offering	offering	NOUN
cblr-3021	175	32	of	of	ADP
cblr-3021	175	33	its	its	PRON
cblr-3021	175	34	securities	security	NOUN
cblr-3021	175	35	in	in	ADP
cblr-3021	175	36	order	order	NOUN
cblr-3021	175	37	to	to	PART
cblr-3021	175	38	raise	raise	VERB
cblr-3021	175	39	capital	capital	NOUN
cblr-3021	175	40	.	.	PUNCT
cblr-3021	176	1	because	because	SCONJ
cblr-3021	176	2	venture	venture	NOUN
cblr-3021	176	3	capital	capital	NOUN
cblr-3021	176	4	firms	firm	NOUN
cblr-3021	176	5	generally	generally	ADV
cblr-3021	176	6	are	be	AUX
cblr-3021	176	7	closed	closed	ADJ
cblr-3021	176	8	-	-	PUNCT
cblr-3021	176	9	end	end	NOUN
cblr-3021	176	10	,	,	PUNCT
cblr-3021	176	11	their	their	PRON
cblr-3021	176	12	shares	share	NOUN
cblr-3021	176	13	often	often	ADV
cblr-3021	176	14	trade	trade	VERB
cblr-3021	176	15	at	at	ADP
cblr-3021	176	16	less	less	ADJ
cblr-3021	176	17	than	than	ADP
cblr-3021	176	18	net	net	ADJ
cblr-3021	176	19	asset	asset	NOUN
cblr-3021	176	20	value	value	NOUN
cblr-3021	176	21	.	.	PUNCT
cblr-3021	177	1	in	in	ADP
cblr-3021	177	2	other	other	ADJ
cblr-3021	177	3	words	word	NOUN
cblr-3021	177	4	,	,	PUNCT
cblr-3021	177	5	because	because	SCONJ
cblr-3021	177	6	they	they	PRON
cblr-3021	177	7	are	be	AUX
cblr-3021	177	8	not	not	PART
cblr-3021	177	9	publicly	publicly	ADV
cblr-3021	177	10	traded	trade	VERB
cblr-3021	177	11	,	,	PUNCT
cblr-3021	177	12	venture	venture	NOUN
cblr-3021	177	13	funds	fund	NOUN
cblr-3021	177	14	do	do	AUX
cblr-3021	177	15	not	not	PART
cblr-3021	177	16	achieve	achieve	VERB
cblr-3021	177	17	valuations	valuation	NOUN
cblr-3021	177	18	above	above	ADV
cblr-3021	177	19	(	(	PUNCT
cblr-3021	177	20	nor	nor	CCONJ
cblr-3021	177	21	often	often	ADV
cblr-3021	177	22	equal	equal	ADJ
cblr-3021	177	23	)	)	PUNCT
cblr-3021	177	24	to	to	ADP
cblr-3021	177	25	their	their	PRON
cblr-3021	177	26	book	book	NOUN
cblr-3021	177	27	value	value	NOUN
cblr-3021	177	28	.	.	PUNCT
cblr-3021	178	1	third	third	ADJ
cblr-3021	178	2	,	,	PUNCT
cblr-3021	178	3	the	the	DET
cblr-3021	178	4	proscription	proscription	NOUN
cblr-3021	178	5	of	of	ADP
cblr-3021	178	6	joint	joint	ADJ
cblr-3021	178	7	enterprises	enterprise	NOUN
cblr-3021	178	8	or	or	CCONJ
cblr-3021	178	9	arrangements	arrangement	NOUN
cblr-3021	178	10	between	between	ADP
cblr-3021	178	11	the	the	DET
cblr-3021	178	12	investment	investment	NOUN
cblr-3021	178	13	company	company	NOUN
cblr-3021	178	14	and	and	CCONJ
cblr-3021	178	15	affiliated	affiliated	ADJ
cblr-3021	178	16	persons	person	NOUN
cblr-3021	178	17	,	,	PUNCT
cblr-3021	178	18	promoters	promoter	NOUN
cblr-3021	178	19	,	,	PUNCT
cblr-3021	178	20	or	or	CCONJ
cblr-3021	178	21	principal	principal	ADJ
cblr-3021	178	22	underwriter	underwriter	NOUN
cblr-3021	178	23	of	of	ADP
cblr-3021	178	24	or	or	CCONJ
cblr-3021	178	25	for	for	ADP
cblr-3021	178	26	the	the	DET
cblr-3021	178	27	company	company	NOUN
cblr-3021	178	28	could	could	AUX
cblr-3021	178	29	forbid	forbid	VERB
cblr-3021	178	30	coinvestment	coinvestment	NOUN
cblr-3021	178	31	by	by	ADP
cblr-3021	178	32	the	the	DET
cblr-3021	178	33	fund	fund	NOUN
cblr-3021	178	34	and	and	CCONJ
cblr-3021	178	35	the	the	DET
cblr-3021	178	36	manager	manager	NOUN
cblr-3021	178	37	or	or	CCONJ
cblr-3021	178	38	persons	person	NOUN
cblr-3021	178	39	related	relate	VERB
cblr-3021	178	40	to	to	ADP
cblr-3021	178	41	the	the	DET
cblr-3021	178	42	manager	manager	NOUN
cblr-3021	178	43	.	.	PUNCT
cblr-3021	179	1	fourth	fourth	ADJ
cblr-3021	179	2	,	,	PUNCT
cblr-3021	179	3	it	it	PRON
cblr-3021	179	4	could	could	AUX
cblr-3021	179	5	also	also	ADV
cblr-3021	179	6	forbid	forbid	VERB
cblr-3021	179	7	tandem	tandem	NOUN
cblr-3021	179	8	investments	investment	NOUN
cblr-3021	179	9	between	between	ADP
cblr-3021	179	10	funds	fund	NOUN
cblr-3021	179	11	managed	manage	VERB
cblr-3021	179	12	by	by	ADP
cblr-3021	179	13	the	the	DET
cblr-3021	179	14	same	same	ADJ
cblr-3021	179	15	or	or	CCONJ
cblr-3021	179	16	related	related	ADJ
cblr-3021	179	17	advisers	adviser	NOUN
cblr-3021	179	18	.	.	PUNCT
cblr-3021	180	1	the	the	DET
cblr-3021	180	2	custody	custody	NOUN
cblr-3021	180	3	requirements	requirement	NOUN
cblr-3021	180	4	in	in	ADP
cblr-3021	180	5	§	§	PROPN
cblr-3021	180	6	17(f	17(f	NUM
cblr-3021	180	7	)	)	PUNCT
cblr-3021	180	8	are	be	AUX
cblr-3021	180	9	unnecessary	unnecessary	ADJ
cblr-3021	180	10	given	give	VERB
cblr-3021	180	11	the	the	DET
cblr-3021	180	12	illiquid	illiquid	ADJ
cblr-3021	180	13	nature	nature	NOUN
cblr-3021	180	14	of	of	ADP
cblr-3021	180	15	venture	venture	NOUN
cblr-3021	180	16	capital	capital	NOUN
cblr-3021	180	17	companies	company	NOUN
cblr-3021	180	18	'	'	PART
cblr-3021	180	19	portfolio	portfolio	NOUN
cblr-3021	180	20	securities	security	NOUN
cblr-3021	180	21	holdings	holding	NOUN
cblr-3021	180	22	.	.	PUNCT
cblr-3021	181	1	fifth	fifth	ADJ
cblr-3021	181	2	,	,	PUNCT
cblr-3021	181	3	the	the	DET
cblr-3021	181	4	§	§	PROPN
cblr-3021	181	5	18(c	18(c	NUM
cblr-3021	181	6	)	)	PUNCT
cblr-3021	181	7	ban	ban	NOUN
cblr-3021	181	8	on	on	ADP
cblr-3021	181	9	issuing	issue	VERB
cblr-3021	181	10	multiple	multiple	ADJ
cblr-3021	181	11	classes	class	NOUN
cblr-3021	181	12	of	of	ADP
cblr-3021	181	13	senior	senior	ADJ
cblr-3021	181	14	securities	security	NOUN
cblr-3021	181	15	constrains	constrain	VERB
cblr-3021	181	16	the	the	DET
cblr-3021	181	17	ability	ability	NOUN
cblr-3021	181	18	of	of	ADP
cblr-3021	181	19	venture	venture	NOUN
cblr-3021	181	20	capital	capital	NOUN
cblr-3021	181	21	funds	fund	NOUN
cblr-3021	181	22	to	to	PART
cblr-3021	181	23	raise	raise	VERB
cblr-3021	181	24	capital	capital	NOUN
cblr-3021	181	25	.	.	PUNCT
cblr-3021	182	1	see	see	VERB
cblr-3021	182	2	william	william	PROPN
cblr-3021	182	3	j.	j.	PROPN
cblr-3021	182	4	hewir	hewir	PROPN
cblr-3021	182	5	et	et	PROPN
cblr-3021	182	6	al	al	PROPN
cblr-3021	182	7	.	.	PROPN
cblr-3021	182	8	,	,	PUNCT
cblr-3021	182	9	formation	formation	NOUN
cblr-3021	182	10	of	of	ADP
cblr-3021	182	11	venture	venture	NOUN
cblr-3021	182	12	capital	capital	NOUN
cblr-3021	182	13	funds	fund	NOUN
cblr-3021	182	14	:	:	PUNCT
cblr-3021	182	15	non	non	ADJ
cblr-3021	182	16	-	-	ADJ
cblr-3021	182	17	tax	tax	ADJ
cblr-3021	182	18	legal	legal	ADJ
cblr-3021	182	19	considerations	consideration	NOUN
cblr-3021	182	20	143	143	NUM
cblr-3021	182	21	-	-	SYM
cblr-3021	182	22	45	45	NUM
cblr-3021	182	23	(	(	PUNCT
cblr-3021	182	24	1991	1991	NUM
cblr-3021	182	25	)	)	PUNCT
cblr-3021	182	26	(	(	PUNCT
cblr-3021	182	27	noting	note	VERB
cblr-3021	182	28	why	why	SCONJ
cblr-3021	182	29	venture	venture	NOUN
cblr-3021	182	30	capitalists	capitalist	NOUN
cblr-3021	182	31	consider	consider	VERB
cblr-3021	182	32	regulation	regulation	NOUN
cblr-3021	182	33	under	under	ADP
cblr-3021	182	34	the	the	DET
cblr-3021	182	35	'	'	NUM
cblr-3021	182	36	40	40	NUM
cblr-3021	182	37	act	act	NOUN
cblr-3021	182	38	so	so	ADV
cblr-3021	182	39	onerous	onerous	ADJ
cblr-3021	182	40	)	)	PUNCT
cblr-3021	182	41	.	.	PUNCT
cblr-3021	183	1	15	15	NUM
cblr-3021	183	2	u.s.c	u.s.c	NOUN
cblr-3021	183	3	.	.	PUNCT
cblr-3021	184	1	§	§	PROPN
cblr-3021	184	2	80a-3(c)(1	80a-3(c)(1	NOUN
cblr-3021	184	3	)	)	PUNCT
cblr-3021	184	4	(	(	PUNCT
cblr-3021	184	5	2000	2000	NUM
cblr-3021	184	6	)	)	PUNCT
cblr-3021	184	7	.	.	PUNCT
cblr-3021	185	1	in	in	ADP
cblr-3021	185	2	addition	addition	NOUN
cblr-3021	185	3	,	,	PUNCT
cblr-3021	185	4	an	an	DET
cblr-3021	185	5	exemption	exemption	NOUN
cblr-3021	185	6	exists	exist	VERB
cblr-3021	185	7	for	for	ADP
cblr-3021	185	8	a	a	DET
cblr-3021	185	9	company	company	NOUN
cblr-3021	185	10	whose	whose	DET
cblr-3021	185	11	securities	security	NOUN
cblr-3021	185	12	have	have	AUX
cblr-3021	185	13	been	be	AUX
cblr-3021	185	14	sold	sell	VERB
cblr-3021	185	15	intrastate	intrastate	ADJ
cblr-3021	185	16	only	only	ADV
cblr-3021	185	17	to	to	ADP
cblr-3021	185	18	residents	resident	NOUN
cblr-3021	185	19	of	of	ADP
cblr-3021	185	20	a	a	DET
cblr-3021	185	21	state	state	NOUN
cblr-3021	185	22	under	under	ADP
cblr-3021	185	23	the	the	DET
cblr-3021	185	24	laws	law	NOUN
cblr-3021	185	25	of	of	ADP
cblr-3021	185	26	which	which	PRON
cblr-3021	185	27	such	such	ADJ
cblr-3021	185	28	company	company	NOUN
cblr-3021	185	29	is	be	AUX
cblr-3021	185	30	organized	organize	VERB
cblr-3021	185	31	or	or	CCONJ
cblr-3021	185	32	created	create	VERB
cblr-3021	185	33	and	and	CCONJ
cblr-3021	185	34	whose	whose	DET
cblr-3021	185	35	total	total	ADJ
cblr-3021	185	36	offering	offering	NOUN
cblr-3021	185	37	does	do	AUX
cblr-3021	185	38	not	not	PART
cblr-3021	185	39	exceed	exceed	VERB
cblr-3021	185	40	$	$	SYM
cblr-3021	185	41	10	10	NUM
cblr-3021	185	42	million	million	NUM
cblr-3021	185	43	.	.	PUNCT
cblr-3021	186	1	see	see	VERB
cblr-3021	186	2	i	i	PRON
cblr-3021	186	3	d.	d.	PROPN
cblr-3021	186	4	at	at	ADP
cblr-3021	186	5	§	§	PROPN
cblr-3021	186	6	80a-6(d	80a-6(d	NOUN
cblr-3021	186	7	)	)	PUNCT
cblr-3021	186	8	.	.	PUNCT
cblr-3021	187	1	this	this	DET
cblr-3021	187	2	amount	amount	NOUN
cblr-3021	187	3	was	be	AUX
cblr-3021	187	4	increased	increase	VERB
cblr-3021	187	5	from	from	ADP
cblr-3021	187	6	$	$	SYM
cblr-3021	187	7	100,000	100,000	NUM
cblr-3021	187	8	to	to	PART
cblr-3021	187	9	$	$	SYM
cblr-3021	187	10	10	10	NUM
cblr-3021	187	11	million	million	NUM
cblr-3021	187	12	by	by	ADP
cblr-3021	187	13	the	the	DET
cblr-3021	187	14	nsmia	nsmia	NOUN
cblr-3021	187	15	.	.	PUNCT
cblr-3021	188	1	national	national	PROPN
cblr-3021	188	2	securities	securities	PROPN
cblr-3021	188	3	markets	markets	PROPN
cblr-3021	188	4	improvement	improvement	PROPN
cblr-3021	188	5	act	act	NOUN
cblr-3021	188	6	of	of	ADP
cblr-3021	188	7	1996	1996	NUM
cblr-3021	188	8	,	,	PUNCT
cblr-3021	188	9	pub	pub	NOUN
cblr-3021	188	10	.	.	PUNCT
cblr-3021	189	1	l.	l.	PROPN
cblr-3021	189	2	no	no	PROPN
cblr-3021	189	3	.	.	PROPN
cblr-3021	189	4	104290	104290	NUM
cblr-3021	189	5	,	,	PUNCT
cblr-3021	189	6	§	§	PROPN
cblr-3021	189	7	502	502	NUM
cblr-3021	189	8	,	,	PUNCT
cblr-3021	189	9	110	110	NUM
cblr-3021	189	10	stat	stat	NOUN
cblr-3021	189	11	.	.	PUNCT
cblr-3021	190	1	3416	3416	NUM
cblr-3021	190	2	,	,	PUNCT
cblr-3021	190	3	3445	3445	NUM
cblr-3021	190	4	(	(	PUNCT
cblr-3021	190	5	codified	codify	VERB
cblr-3021	190	6	at	at	ADP
cblr-3021	190	7	15	15	NUM
cblr-3021	190	8	u.s.c	u.s.c	ADJ
cblr-3021	190	9	.	.	PUNCT
cblr-3021	191	1	§	§	PROPN
cblr-3021	191	2	80a-6(d)(1	80a-6(d)(1	NUM
cblr-3021	191	3	)	)	PUNCT
cblr-3021	191	4	(	(	PUNCT
cblr-3021	191	5	2000	2000	NUM
cblr-3021	191	6	)	)	PUNCT
cblr-3021	191	7	)	)	PUNCT
cblr-3021	191	8	.	.	PUNCT
cblr-3021	192	1	however	however	ADV
cblr-3021	192	2	,	,	PUNCT
cblr-3021	192	3	this	this	DET
cblr-3021	192	4	exception	exception	NOUN
cblr-3021	192	5	generally	generally	ADV
cblr-3021	192	6	is	be	AUX
cblr-3021	192	7	not	not	PART
cblr-3021	192	8	used	use	VERB
cblr-3021	192	9	because	because	SCONJ
cblr-3021	192	10	the	the	DET
cblr-3021	192	11	minimum	minimum	NOUN
cblr-3021	192	12	amount	amount	NOUN
cblr-3021	192	13	of	of	ADP
cblr-3021	192	14	money	money	NOUN
cblr-3021	192	15	required	require	VERB
cblr-3021	192	16	to	to	PART
cblr-3021	192	17	operate	operate	VERB
cblr-3021	192	18	a	a	DET
cblr-3021	192	19	venture	venture	NOUN
cblr-3021	192	20	capital	capital	NOUN
cblr-3021	192	21	fund	fund	NOUN
cblr-3021	192	22	is	be	AUX
cblr-3021	192	23	larger	large	ADJ
cblr-3021	192	24	still	still	ADV
cblr-3021	192	25	,	,	PUNCT
cblr-3021	192	26	perhaps	perhaps	ADV
cblr-3021	192	27	closer	close	ADJ
cblr-3021	192	28	to	to	PART
cblr-3021	192	29	$	$	SYM
cblr-3021	192	30	100	100	NUM
cblr-3021	192	31	million	million	NUM
cblr-3021	192	32	.	.	PUNCT
cblr-3021	193	1	no	no	INTJ
cblr-3021	193	2	.	.	PUNCT
cblr-3021	194	1	1:77	1:77	NUM
cblr-3021	194	2	]	]	X
cblr-3021	194	3	columbia	columbia	PROPN
cblr-3021	194	4	business	business	PROPN
cblr-3021	194	5	la	la	PROPN
cblr-3021	194	6	w	w	PROPN
cblr-3021	194	7	review	review	NOUN
cblr-3021	194	8	because	because	SCONJ
cblr-3021	194	9	of	of	ADP
cblr-3021	194	10	the	the	DET
cblr-3021	194	11	legal	legal	ADJ
cblr-3021	194	12	complexity	complexity	NOUN
cblr-3021	194	13	involved	involve	VERB
cblr-3021	194	14	in	in	ADP
cblr-3021	194	15	determining	determine	VERB
cblr-3021	194	16	beneficial	beneficial	ADJ
cblr-3021	194	17	ownership	ownership	NOUN
cblr-3021	194	18	interests	interest	NOUN
cblr-3021	194	19	under	under	ADP
cblr-3021	194	20	§	§	PROPN
cblr-3021	194	21	3(c	3(c	NUM
cblr-3021	194	22	)	)	PUNCT
cblr-3021	194	23	(	(	PUNCT
cblr-3021	194	24	1),26	1),26	NUM
cblr-3021	194	25	venture	venture	NOUN
cblr-3021	194	26	firms	firm	NOUN
cblr-3021	194	27	have	have	AUX
cblr-3021	194	28	had	have	VERB
cblr-3021	194	29	to	to	PART
cblr-3021	194	30	err	err	VERB
cblr-3021	194	31	on	on	ADP
cblr-3021	194	32	the	the	DET
cblr-3021	194	33	side	side	NOUN
cblr-3021	194	34	of	of	ADP
cblr-3021	194	35	caution	caution	NOUN
cblr-3021	194	36	in	in	SCONJ
cblr-3021	194	37	order	order	NOUN
cblr-3021	194	38	to	to	PART
cblr-3021	194	39	maintain	maintain	VERB
cblr-3021	194	40	their	their	PRON
cblr-3021	194	41	exemption	exemption	NOUN
cblr-3021	194	42	,	,	PUNCT
cblr-3021	194	43	resulting	result	VERB
cblr-3021	194	44	in	in	ADP
cblr-3021	194	45	partnerships	partnership	NOUN
cblr-3021	194	46	of	of	ADP
cblr-3021	194	47	far	far	ADV
cblr-3021	194	48	less	less	ADJ
cblr-3021	194	49	than	than	ADP
cblr-3021	194	50	one	one	NUM
cblr-3021	194	51	hundred	hundred	NUM
cblr-3021	194	52	people.27	people.27	PROPN
cblr-3021	194	53	thus	thus	ADV
cblr-3021	194	54	,	,	PUNCT
cblr-3021	194	55	sophisticated	sophisticated	ADJ
cblr-3021	194	56	investors	investor	NOUN
cblr-3021	194	57	,	,	PUNCT
cblr-3021	194	58	both	both	CCONJ
cblr-3021	194	59	individual	individual	ADJ
cblr-3021	194	60	and	and	CCONJ
cblr-3021	194	61	institutional	institutional	ADJ
cblr-3021	194	62	,	,	PUNCT
cblr-3021	194	63	who	who	PRON
cblr-3021	194	64	neither	neither	CCONJ
cblr-3021	194	65	need	need	VERB
cblr-3021	194	66	nor	nor	CCONJ
cblr-3021	194	67	desire	desire	VERB
cblr-3021	194	68	the	the	DET
cblr-3021	194	69	protections	protection	NOUN
cblr-3021	194	70	of	of	ADP
cblr-3021	194	71	the	the	DET
cblr-3021	194	72	'	'	NUM
cblr-3021	194	73	40	40	NUM
cblr-3021	194	74	act	act	NOUN
cblr-3021	194	75	have	have	AUX
cblr-3021	194	76	been	be	AUX
cblr-3021	194	77	unduly	unduly	ADV
cblr-3021	194	78	restricted	restrict	VERB
cblr-3021	194	79	by	by	ADP
cblr-3021	194	80	having	have	VERB
cblr-3021	194	81	to	to	PART
cblr-3021	194	82	maintain	maintain	VERB
cblr-3021	194	83	their	their	PRON
cblr-3021	194	84	unregistered	unregistered	ADJ
cblr-3021	194	85	status	status	NOUN
cblr-3021	194	86	by	by	ADP
cblr-3021	194	87	adhering	adhere	VERB
cblr-3021	194	88	to	to	ADP
cblr-3021	194	89	the	the	DET
cblr-3021	194	90	one	one	NUM
cblr-3021	194	91	hundred	hundred	NUM
cblr-3021	194	92	investor	investor	NOUN
cblr-3021	194	93	limit.28	limit.28	NOUN
cblr-3021	194	94	this	this	DET
cblr-3021	194	95	restriction	restriction	NOUN
cblr-3021	194	96	serves	serve	VERB
cblr-3021	194	97	only	only	ADV
cblr-3021	194	98	to	to	PART
cblr-3021	194	99	promote	promote	VERB
cblr-3021	194	100	the	the	DET
cblr-3021	194	101	access	access	NOUN
cblr-3021	194	102	of	of	ADP
cblr-3021	194	103	those	those	DET
cblr-3021	194	104	investors	investor	NOUN
cblr-3021	194	105	with	with	ADP
cblr-3021	194	106	the	the	DET
cblr-3021	194	107	deepest	deep	ADJ
cblr-3021	194	108	pockets	pocket	NOUN
cblr-3021	194	109	to	to	PART
cblr-3021	194	110	venture	venture	VERB
cblr-3021	194	111	investing.29	investing.29	NOUN
cblr-3021	194	112	the	the	DET
cblr-3021	194	113	average	average	ADJ
cblr-3021	194	114	fund	fund	NOUN
cblr-3021	194	115	size	size	NOUN
cblr-3021	194	116	presently	presently	ADV
cblr-3021	194	117	is	be	AUX
cblr-3021	194	118	$	$	SYM
cblr-3021	194	119	93.8	93.8	NUM
cblr-3021	194	120	million.3	million.3	NOUN
cblr-3021	194	121	0	0	NUM
cblr-3021	194	122	assuming	assume	VERB
cblr-3021	194	123	equal	equal	ADJ
cblr-3021	194	124	contributions	contribution	NOUN
cblr-3021	194	125	of	of	ADP
cblr-3021	194	126	one	one	NUM
cblr-3021	194	127	hundred	hundred	NUM
cblr-3021	194	128	partners	partner	NOUN
cblr-3021	194	129	,	,	PUNCT
cblr-3021	194	130	the	the	DET
cblr-3021	194	131	average	average	ADJ
cblr-3021	194	132	limited	limited	ADJ
cblr-3021	194	133	partner	partner	NOUN
cblr-3021	194	134	needs	need	VERB
cblr-3021	194	135	to	to	PART
cblr-3021	194	136	contribute	contribute	VERB
cblr-3021	194	137	roughly	roughly	ADV
cblr-3021	194	138	$	$	SYM
cblr-3021	194	139	1	1	NUM
cblr-3021	194	140	million	million	NUM
cblr-3021	194	141	for	for	ADP
cblr-3021	194	142	her	her	PRON
cblr-3021	194	143	part	part	NOUN
cblr-3021	194	144	,	,	PUNCT
cblr-3021	194	145	requiring	require	VERB
cblr-3021	194	146	liquid	liquid	ADJ
cblr-3021	194	147	wealth	wealth	NOUN
cblr-3021	194	148	greater	great	ADJ
cblr-3021	194	149	than	than	ADP
cblr-3021	194	150	the	the	DET
cblr-3021	194	151	accredited	accredit	VERB
cblr-3021	194	152	investor	investor	NOUN
cblr-3021	194	153	requirements	requirement	NOUN
cblr-3021	194	154	of	of	ADP
cblr-3021	194	155	$	$	SYM
cblr-3021	194	156	200,000	200,000	NUM
cblr-3021	194	157	per	per	ADP
cblr-3021	194	158	annum	annum	X
cblr-3021	194	159	income	income	NOUN
cblr-3021	194	160	or	or	CCONJ
cblr-3021	194	161	$	$	SYM
cblr-3021	194	162	1	1	NUM
cblr-3021	194	163	million	million	NUM
cblr-3021	194	164	net	net	ADJ
cblr-3021	194	165	worth	worth	NOUN
cblr-3021	194	166	.	.	PUNCT
cblr-3021	195	1	this	this	DET
cblr-3021	195	2	situation	situation	NOUN
cblr-3021	195	3	exists	exist	VERB
cblr-3021	195	4	before	before	ADP
cblr-3021	195	5	the	the	DET
cblr-3021	195	6	application	application	NOUN
cblr-3021	195	7	of	of	ADP
cblr-3021	195	8	any	any	DET
cblr-3021	195	9	"	"	PUNCT
cblr-3021	195	10	look	look	VERB
cblr-3021	195	11	-	-	PUNCT
cblr-3021	195	12	through	through	NOUN
cblr-3021	195	13	"	"	PUNCT
cblr-3021	195	14	provisions	provision	NOUN
cblr-3021	195	15	,	,	PUNCT
cblr-3021	195	16	which	which	PRON
cblr-3021	195	17	could	could	AUX
cblr-3021	195	18	reduce	reduce	VERB
cblr-3021	195	19	the	the	DET
cblr-3021	195	20	number	number	NOUN
cblr-3021	195	21	of	of	ADP
cblr-3021	195	22	investors	investor	NOUN
cblr-3021	195	23	significantly	significantly	ADV
cblr-3021	195	24	below	below	ADP
cblr-3021	195	25	a	a	DET
cblr-3021	195	26	hundred	hundred	NUM
cblr-3021	195	27	.	.	PUNCT
cblr-3021	196	1	26	26	NUM
cblr-3021	196	2	see	see	VERB
cblr-3021	196	3	the	the	DET
cblr-3021	196	4	task	task	NOUN
cblr-3021	196	5	force	force	NOUN
cblr-3021	196	6	on	on	ADP
cblr-3021	196	7	hedge	hedge	NOUN
cblr-3021	196	8	funds	fund	NOUN
cblr-3021	196	9	,	,	PUNCT
cblr-3021	196	10	report	report	NOUN
cblr-3021	196	11	on	on	ADP
cblr-3021	196	12	section	section	NOUN
cblr-3021	196	13	3(c)(1	3(c)(1	NUM
cblr-3021	196	14	)	)	PUNCT
cblr-3021	196	15	of	of	ADP
cblr-3021	196	16	the	the	DET
cblr-3021	196	17	investment	investment	NOUN
cblr-3021	196	18	company	company	NOUN
cblr-3021	196	19	act	act	NOUN
cblr-3021	196	20	of	of	ADP
cblr-3021	196	21	1940	1940	NUM
cblr-3021	196	22	and	and	CCONJ
cblr-3021	196	23	proposals	proposal	NOUN
cblr-3021	196	24	to	to	PART
cblr-3021	196	25	create	create	VERB
cblr-3021	196	26	an	an	DET
cblr-3021	196	27	exception	exception	NOUN
cblr-3021	196	28	for	for	ADP
cblr-3021	196	29	qualified	qualified	ADJ
cblr-3021	196	30	purchasers	purchaser	NOUN
cblr-3021	196	31	,	,	PUNCT
cblr-3021	196	32	51	51	NUM
cblr-3021	196	33	bus	bus	NOUN
cblr-3021	196	34	.	.	PUNCT
cblr-3021	197	1	law	law	NOUN
cblr-3021	197	2	.	.	PUNCT
cblr-3021	198	1	773	773	NUM
cblr-3021	198	2	(	(	PUNCT
cblr-3021	198	3	1996	1996	NUM
cblr-3021	198	4	)	)	PUNCT
cblr-3021	198	5	;	;	PUNCT
cblr-3021	198	6	see	see	VERB
cblr-3021	198	7	also	also	ADV
cblr-3021	198	8	smith	smith	PROPN
cblr-3021	198	9	,	,	PUNCT
cblr-3021	198	10	supra	supra	PROPN
cblr-3021	198	11	note	note	PROPN
cblr-3021	198	12	23	23	NUM
cblr-3021	198	13	,	,	PUNCT
cblr-3021	198	14	at	at	ADP
cblr-3021	198	15	142	142	NUM
cblr-3021	198	16	-	-	SYM
cblr-3021	198	17	43	43	NUM
cblr-3021	198	18	(	(	PUNCT
cblr-3021	198	19	noting	note	VERB
cblr-3021	198	20	one	one	NUM
cblr-3021	198	21	reason	reason	NOUN
cblr-3021	198	22	for	for	ADP
cblr-3021	198	23	caution	caution	NOUN
cblr-3021	198	24	is	be	AUX
cblr-3021	198	25	that	that	SCONJ
cblr-3021	198	26	the	the	DET
cblr-3021	198	27	securities	securities	PROPN
cblr-3021	198	28	exchange	exchange	PROPN
cblr-3021	198	29	commission	commission	PROPN
cblr-3021	198	30	(	(	PUNCT
cblr-3021	198	31	"	"	PUNCT
cblr-3021	198	32	sec	sec	PROPN
cblr-3021	198	33	"	"	PUNCT
cblr-3021	198	34	)	)	PUNCT
cblr-3021	198	35	has	have	AUX
cblr-3021	198	36	implemented	implement	VERB
cblr-3021	198	37	a	a	DET
cblr-3021	198	38	"	"	PUNCT
cblr-3021	198	39	look	look	VERB
cblr-3021	198	40	through	through	ADP
cblr-3021	198	41	"	"	PUNCT
cblr-3021	198	42	provision	provision	NOUN
cblr-3021	198	43	,	,	PUNCT
cblr-3021	198	44	which	which	PRON
cblr-3021	198	45	counts	count	VERB
cblr-3021	198	46	not	not	PART
cblr-3021	198	47	only	only	ADV
cblr-3021	198	48	the	the	DET
cblr-3021	198	49	number	number	NOUN
cblr-3021	198	50	of	of	ADP
cblr-3021	198	51	limited	limited	ADJ
cblr-3021	198	52	partners	partner	NOUN
cblr-3021	198	53	but	but	CCONJ
cblr-3021	198	54	also	also	ADV
cblr-3021	198	55	partners	partner	NOUN
cblr-3021	198	56	or	or	CCONJ
cblr-3021	198	57	shareholders	shareholder	NOUN
cblr-3021	198	58	if	if	SCONJ
cblr-3021	198	59	any	any	PRON
cblr-3021	198	60	of	of	ADP
cblr-3021	198	61	the	the	DET
cblr-3021	198	62	limited	limited	ADJ
cblr-3021	198	63	partners	partner	NOUN
cblr-3021	198	64	are	be	AUX
cblr-3021	198	65	entities	entity	NOUN
cblr-3021	198	66	such	such	ADJ
cblr-3021	198	67	as	as	ADP
cblr-3021	198	68	partnerships	partnership	NOUN
cblr-3021	198	69	or	or	CCONJ
cblr-3021	198	70	corporations	corporation	NOUN
cblr-3021	198	71	)	)	PUNCT
cblr-3021	198	72	.	.	PUNCT
cblr-3021	199	1	27	27	NUM
cblr-3021	199	2	most	most	ADJ
cblr-3021	199	3	funds	fund	NOUN
cblr-3021	199	4	operate	operate	VERB
cblr-3021	199	5	with	with	ADP
cblr-3021	199	6	only	only	ADV
cblr-3021	199	7	ten	ten	NUM
cblr-3021	199	8	to	to	PART
cblr-3021	199	9	thirty	thirty	NUM
cblr-3021	199	10	limited	limited	ADJ
cblr-3021	199	11	partners	partner	NOUN
cblr-3021	199	12	.	.	PUNCT
cblr-3021	200	1	see	see	VERB
cblr-3021	200	2	generally	generally	ADV
cblr-3021	200	3	nat'l	nat'l	PROPN
cblr-3021	200	4	venture	venture	NOUN
cblr-3021	200	5	capital	capital	NOUN
cblr-3021	200	6	ass'n	ass'n	PROPN
cblr-3021	200	7	,	,	PUNCT
cblr-3021	200	8	nvca	nvca	VERB
cblr-3021	200	9	members	member	NOUN
cblr-3021	200	10	,	,	PUNCT
cblr-3021	200	11	at	at	ADP
cblr-3021	200	12	http://www.nvca.com/	http://www.nvca.com/	NOUN
cblr-3021	200	13	members.html	members.html	PROPN
cblr-3021	200	14	(	(	PUNCT
cblr-3021	200	15	last	last	ADJ
cblr-3021	200	16	visited	visit	VERB
cblr-3021	200	17	feb	feb	PROPN
cblr-3021	200	18	.	.	PROPN
cblr-3021	200	19	27	27	NUM
cblr-3021	200	20	,	,	PUNCT
cblr-3021	200	21	2004	2004	NUM
cblr-3021	200	22	)	)	PUNCT
cblr-3021	200	23	.	.	PUNCT
cblr-3021	201	1	28	28	NUM
cblr-3021	201	2	as	as	SCONJ
cblr-3021	201	3	will	will	AUX
cblr-3021	201	4	be	be	AUX
cblr-3021	201	5	discussed	discuss	VERB
cblr-3021	201	6	later	later	ADV
cblr-3021	201	7	,	,	PUNCT
cblr-3021	201	8	this	this	DET
cblr-3021	201	9	finding	finding	NOUN
cblr-3021	201	10	by	by	ADP
cblr-3021	201	11	the	the	DET
cblr-3021	201	12	task	task	NOUN
cblr-3021	201	13	force	force	NOUN
cblr-3021	201	14	on	on	ADP
cblr-3021	201	15	hedge	hedge	NOUN
cblr-3021	201	16	funds	fund	NOUN
cblr-3021	201	17	,	,	PUNCT
cblr-3021	201	18	a	a	DET
cblr-3021	201	19	committee	committee	NOUN
cblr-3021	201	20	organized	organize	VERB
cblr-3021	201	21	by	by	ADP
cblr-3021	201	22	the	the	DET
cblr-3021	201	23	american	american	PROPN
cblr-3021	201	24	bar	bar	PROPN
cblr-3021	201	25	association	association	PROPN
cblr-3021	201	26	committee	committee	PROPN
cblr-3021	201	27	on	on	ADP
cblr-3021	201	28	federal	federal	ADJ
cblr-3021	201	29	regulation	regulation	NOUN
cblr-3021	201	30	of	of	ADP
cblr-3021	201	31	securities	security	NOUN
cblr-3021	201	32	,	,	PUNCT
cblr-3021	201	33	helped	help	VERB
cblr-3021	201	34	prompt	prompt	VERB
cblr-3021	201	35	congress	congress	PROPN
cblr-3021	201	36	to	to	PART
cblr-3021	201	37	draft	draft	VERB
cblr-3021	201	38	the	the	DET
cblr-3021	201	39	nsmia	nsmia	NOUN
cblr-3021	201	40	in	in	ADP
cblr-3021	201	41	1996	1996	NUM
cblr-3021	201	42	,	,	PUNCT
cblr-3021	201	43	which	which	PRON
cblr-3021	201	44	created	create	VERB
cblr-3021	201	45	new	new	ADJ
cblr-3021	201	46	exemptions	exemption	NOUN
cblr-3021	201	47	in	in	ADP
cblr-3021	201	48	the	the	DET
cblr-3021	201	49	'	'	NUM
cblr-3021	201	50	40	40	NUM
cblr-3021	201	51	act	act	NOUN
cblr-3021	201	52	.	.	PUNCT
cblr-3021	202	1	see	see	VERB
cblr-3021	202	2	the	the	DET
cblr-3021	202	3	task	task	NOUN
cblr-3021	202	4	force	force	NOUN
cblr-3021	202	5	on	on	ADP
cblr-3021	202	6	hedge	hedge	NOUN
cblr-3021	202	7	funds	fund	NOUN
cblr-3021	202	8	,	,	PUNCT
cblr-3021	202	9	supra	supra	PROPN
cblr-3021	202	10	note	note	NOUN
cblr-3021	202	11	26	26	NUM
cblr-3021	202	12	.	.	SYM
cblr-3021	202	13	29	29	NUM
cblr-3021	202	14	see	see	VERB
cblr-3021	202	15	table	table	NOUN
cblr-3021	202	16	3	3	NUM
cblr-3021	202	17	,	,	PUNCT
cblr-3021	202	18	distribution	distribution	NOUN
cblr-3021	202	19	of	of	ADP
cblr-3021	202	20	wealth	wealth	NOUN
cblr-3021	202	21	among	among	ADP
cblr-3021	202	22	u.s	u.s	PROPN
cblr-3021	202	23	.	.	PROPN
cblr-3021	202	24	households	household	NOUN
cblr-3021	202	25	infra	infra	NOUN
cblr-3021	202	26	(	(	PUNCT
cblr-3021	202	27	illustrating	illustrate	VERB
cblr-3021	202	28	how	how	SCONJ
cblr-3021	202	29	few	few	ADJ
cblr-3021	202	30	households	household	NOUN
cblr-3021	202	31	meet	meet	VERB
cblr-3021	202	32	the	the	DET
cblr-3021	202	33	"	"	PUNCT
cblr-3021	202	34	net	net	ADJ
cblr-3021	202	35	worth	worth	ADJ
cblr-3021	202	36	"	"	PUNCT
cblr-3021	202	37	accreditation	accreditation	NOUN
cblr-3021	202	38	requirement	requirement	NOUN
cblr-3021	202	39	of	of	ADP
cblr-3021	202	40	$	$	SYM
cblr-3021	202	41	200,000	200,000	NUM
cblr-3021	202	42	income	income	NOUN
cblr-3021	202	43	per	per	ADP
cblr-3021	202	44	annum	annum	NOUN
cblr-3021	202	45	prescribed	prescribe	VERB
cblr-3021	202	46	by	by	ADP
cblr-3021	202	47	§	§	PROPN
cblr-3021	202	48	2(a)(15	2(a)(15	NUM
cblr-3021	202	49	)	)	PUNCT
cblr-3021	202	50	of	of	ADP
cblr-3021	202	51	the	the	DET
cblr-3021	202	52	securities	security	NOUN
cblr-3021	202	53	act	act	NOUN
cblr-3021	202	54	of	of	ADP
cblr-3021	202	55	1933	1933	NUM
cblr-3021	202	56	)	)	PUNCT
cblr-3021	202	57	.	.	PUNCT
cblr-3021	203	1	30	30	NUM
cblr-3021	203	2	as	as	ADP
cblr-3021	203	3	of	of	ADP
cblr-3021	203	4	2002	2002	NUM
cblr-3021	203	5	,	,	PUNCT
cblr-3021	203	6	the	the	DET
cblr-3021	203	7	average	average	ADJ
cblr-3021	203	8	venture	venture	NOUN
cblr-3021	203	9	fund	fund	NOUN
cblr-3021	203	10	size	size	NOUN
cblr-3021	203	11	is	be	AUX
cblr-3021	203	12	$	$	SYM
cblr-3021	203	13	93.4	93.4	NUM
cblr-3021	203	14	million	million	NUM
cblr-3021	203	15	.	.	PUNCT
cblr-3021	204	1	see	see	VERB
cblr-3021	204	2	nat'l	nat'l	PRON
cblr-3021	204	3	venture	venture	VERB
cblr-3021	204	4	capital	capital	NOUN
cblr-3021	204	5	ass'n	ass'n	PROPN
cblr-3021	204	6	,	,	PUNCT
cblr-3021	204	7	nvca	nvca	VERB
cblr-3021	204	8	faqs	faqs	PROPN
cblr-3021	204	9	page	page	NOUN
cblr-3021	204	10	,	,	PUNCT
cblr-3021	204	11	at	at	ADP
cblr-3021	204	12	http://www.nvca.com	http://www.nvca.com	X
cblr-3021	204	13	.	.	PUNCT
cblr-3021	205	1	[	[	X
cblr-3021	205	2	vol	vol	NOUN
cblr-3021	205	3	.	.	PUNCT
cblr-3021	205	4	2004	2004	NUM
cblr-3021	205	5	venture	venture	NOUN
cblr-3021	205	6	capital	capital	NOUN
cblr-3021	205	7	formation	formation	NOUN
cblr-3021	205	8	and	and	CCONJ
cblr-3021	205	9	access	access	NOUN
cblr-3021	205	10	b.	b.	PROPN
cblr-3021	205	11	the	the	DET
cblr-3021	205	12	small	small	ADJ
cblr-3021	205	13	business	business	NOUN
cblr-3021	205	14	investment	investment	NOUN
cblr-3021	205	15	act	act	NOUN
cblr-3021	205	16	of	of	ADP
cblr-3021	205	17	1958	1958	NUM
cblr-3021	205	18	(	(	PUNCT
cblr-3021	205	19	"	"	PUNCT
cblr-3021	205	20	sbia	sbia	NOUN
cblr-3021	205	21	,	,	PUNCT
cblr-3021	205	22	)	)	PUNCT
cblr-3021	205	23	31	31	NUM
cblr-3021	205	24	the	the	DET
cblr-3021	205	25	venture	venture	NOUN
cblr-3021	205	26	capital	capital	NOUN
cblr-3021	205	27	industry	industry	NOUN
cblr-3021	205	28	as	as	SCONJ
cblr-3021	205	29	we	we	PRON
cblr-3021	205	30	know	know	VERB
cblr-3021	205	31	it	it	PRON
cblr-3021	205	32	really	really	ADV
cblr-3021	205	33	dates	date	VERB
cblr-3021	205	34	back	back	ADV
cblr-3021	205	35	only	only	ADV
cblr-3021	205	36	twenty	twenty	NUM
cblr-3021	205	37	-	-	PUNCT
cblr-3021	205	38	five	five	NUM
cblr-3021	205	39	years	year	NOUN
cblr-3021	205	40	or	or	CCONJ
cblr-3021	205	41	so.32	so.32	VERB
cblr-3021	205	42	the	the	DET
cblr-3021	205	43	first	first	ADJ
cblr-3021	205	44	two	two	NUM
cblr-3021	205	45	progenitors	progenitor	NOUN
cblr-3021	205	46	of	of	ADP
cblr-3021	205	47	venture	venture	NOUN
cblr-3021	205	48	capital	capital	NOUN
cblr-3021	205	49	firms	firm	NOUN
cblr-3021	205	50	began	begin	VERB
cblr-3021	205	51	operations	operation	NOUN
cblr-3021	205	52	in	in	ADP
cblr-3021	205	53	1946.33	1946.33	NUM
cblr-3021	205	54	because	because	SCONJ
cblr-3021	205	55	venture	venture	NOUN
cblr-3021	205	56	capital	capital	NOUN
cblr-3021	205	57	was	be	AUX
cblr-3021	205	58	in	in	ADP
cblr-3021	205	59	such	such	DET
cblr-3021	205	60	a	a	DET
cblr-3021	205	61	nascent	nascent	ADJ
cblr-3021	205	62	stage	stage	NOUN
cblr-3021	205	63	of	of	ADP
cblr-3021	205	64	development	development	NOUN
cblr-3021	205	65	and	and	CCONJ
cblr-3021	205	66	the	the	DET
cblr-3021	205	67	united	united	PROPN
cblr-3021	205	68	states	states	PROPN
cblr-3021	205	69	was	be	AUX
cblr-3021	205	70	embroiled	embroil	VERB
cblr-3021	205	71	in	in	ADP
cblr-3021	205	72	world	world	PROPN
cblr-3021	205	73	war	war	PROPN
cblr-3021	205	74	ii	ii	PROPN
cblr-3021	205	75	,	,	PUNCT
cblr-3021	205	76	the	the	DET
cblr-3021	205	77	rebuilding	rebuilding	NOUN
cblr-3021	205	78	of	of	ADP
cblr-3021	205	79	europe	europe	PROPN
cblr-3021	205	80	,	,	PUNCT
cblr-3021	205	81	the	the	DET
cblr-3021	205	82	korean	korean	PROPN
cblr-3021	205	83	war	war	PROPN
cblr-3021	205	84	,	,	PUNCT
cblr-3021	205	85	and	and	CCONJ
cblr-3021	205	86	the	the	DET
cblr-3021	205	87	beginning	beginning	NOUN
cblr-3021	205	88	of	of	ADP
cblr-3021	205	89	the	the	DET
cblr-3021	205	90	cold	cold	PROPN
cblr-3021	205	91	war	war	NOUN
cblr-3021	205	92	,	,	PUNCT
cblr-3021	205	93	the	the	DET
cblr-3021	205	94	inhibiting	inhibit	VERB
cblr-3021	205	95	effects	effect	NOUN
cblr-3021	205	96	of	of	ADP
cblr-3021	205	97	the	the	DET
cblr-3021	205	98	'	'	NUM
cblr-3021	205	99	40	40	NUM
cblr-3021	205	100	act	act	NOUN
cblr-3021	205	101	on	on	ADP
cblr-3021	205	102	enterprising	enterprise	VERB
cblr-3021	205	103	businesses	business	NOUN
cblr-3021	205	104	accessing	access	VERB
cblr-3021	205	105	capital	capital	NOUN
cblr-3021	205	106	went	go	VERB
cblr-3021	205	107	largely	largely	ADV
cblr-3021	205	108	unrecognized	unrecognize	VERB
cblr-3021	205	109	.	.	PUNCT
cblr-3021	206	1	however	however	ADV
cblr-3021	206	2	,	,	PUNCT
cblr-3021	206	3	in	in	ADP
cblr-3021	206	4	the	the	DET
cblr-3021	206	5	late	late	ADJ
cblr-3021	206	6	1950s	1950s	NUM
cblr-3021	206	7	,	,	PUNCT
cblr-3021	206	8	congress	congress	PROPN
cblr-3021	206	9	began	begin	VERB
cblr-3021	206	10	to	to	PART
cblr-3021	206	11	take	take	VERB
cblr-3021	206	12	notice	notice	NOUN
cblr-3021	206	13	.	.	PUNCT
cblr-3021	207	1	4	4	NUM
cblr-3021	207	2	instead	instead	ADV
cblr-3021	207	3	of	of	ADP
cblr-3021	207	4	amending	amend	VERB
cblr-3021	207	5	the	the	DET
cblr-3021	207	6	'	'	NUM
cblr-3021	207	7	40	40	NUM
cblr-3021	207	8	act	act	NOUN
cblr-3021	207	9	,	,	PUNCT
cblr-3021	207	10	congress	congress	PROPN
cblr-3021	207	11	passed	pass	VERB
cblr-3021	207	12	the	the	DET
cblr-3021	207	13	sbia	sbia	NOUN
cblr-3021	207	14	in	in	ADP
cblr-3021	207	15	1958	1958	NUM
cblr-3021	207	16	,	,	PUNCT
cblr-3021	207	17	which	which	PRON
cblr-3021	207	18	created	create	VERB
cblr-3021	207	19	small	small	ADJ
cblr-3021	207	20	business	business	NOUN
cblr-3021	207	21	investment	investment	NOUN
cblr-3021	207	22	companies	company	NOUN
cblr-3021	207	23	(	(	PUNCT
cblr-3021	207	24	"	"	PUNCT
cblr-3021	207	25	sbics	sbic	NOUN
cblr-3021	207	26	"	"	PUNCT
cblr-3021	207	27	)	)	PUNCT
cblr-3021	207	28	.	.	PUNCT
cblr-3021	208	1	sbics	sbic	NOUN
cblr-3021	208	2	are	be	AUX
cblr-3021	208	3	venture	venture	NOUN
cblr-3021	208	4	investment	investment	NOUN
cblr-3021	208	5	companies	company	NOUN
cblr-3021	208	6	licensed	license	VERB
cblr-3021	208	7	and	and	CCONJ
cblr-3021	208	8	regulated	regulate	VERB
cblr-3021	208	9	by	by	ADP
cblr-3021	208	10	the	the	DET
cblr-3021	208	11	small	small	PROPN
cblr-3021	208	12	business	business	PROPN
cblr-3021	208	13	administration	administration	NOUN
cblr-3021	208	14	(	(	PUNCT
cblr-3021	208	15	"	"	PUNCT
cblr-3021	208	16	sba	sba	NOUN
cblr-3021	208	17	"	"	PUNCT
cblr-3021	208	18	)	)	PUNCT
cblr-3021	208	19	.	.	PUNCT
cblr-3021	209	1	the	the	DET
cblr-3021	209	2	particulars	particular	NOUN
cblr-3021	209	3	of	of	ADP
cblr-3021	209	4	their	their	PRON
cblr-3021	209	5	regulation	regulation	NOUN
cblr-3021	209	6	are	be	AUX
cblr-3021	209	7	beyond	beyond	ADP
cblr-3021	209	8	scope	scope	NOUN
cblr-3021	209	9	of	of	ADP
cblr-3021	209	10	this	this	DET
cblr-3021	209	11	paper	paper	NOUN
cblr-3021	209	12	.	.	PUNCT
cblr-3021	210	1	what	what	PRON
cblr-3021	210	2	is	be	AUX
cblr-3021	210	3	important	important	ADJ
cblr-3021	210	4	is	be	AUX
cblr-3021	210	5	that	that	SCONJ
cblr-3021	210	6	the	the	DET
cblr-3021	210	7	31	31	NUM
cblr-3021	210	8	15	15	NUM
cblr-3021	210	9	u.s.c	u.s.c	NOUN
cblr-3021	210	10	.	.	PUNCT
cblr-3021	211	1	§	§	PROPN
cblr-3021	211	2	§	§	PROPN
cblr-3021	211	3	661	661	NUM
cblr-3021	211	4	-	-	SYM
cblr-3021	211	5	697	697	NUM
cblr-3021	211	6	g	g	NOUN
cblr-3021	211	7	(	(	PUNCT
cblr-3021	211	8	2000	2000	NUM
cblr-3021	211	9	)	)	PUNCT
cblr-3021	211	10	.	.	PUNCT
cblr-3021	212	1	32	32	NUM
cblr-3021	212	2	see	see	VERB
cblr-3021	212	3	george	george	PROPN
cblr-3021	212	4	w.	w.	PROPN
cblr-3021	212	5	fenn	fenn	PROPN
cblr-3021	212	6	et	et	PROPN
cblr-3021	212	7	al	al	PROPN
cblr-3021	212	8	.	.	PROPN
cblr-3021	212	9	,	,	PUNCT
cblr-3021	212	10	the	the	DET
cblr-3021	212	11	private	private	ADJ
cblr-3021	212	12	equity	equity	NOUN
cblr-3021	212	13	industry	industry	NOUN
cblr-3021	212	14	:	:	PUNCT
cblr-3021	212	15	an	an	DET
cblr-3021	212	16	overview	overview	NOUN
cblr-3021	212	17	,	,	PUNCT
cblr-3021	212	18	fin	fin	NOUN
cblr-3021	212	19	.	.	PUNCT
cblr-3021	213	1	markets	market	NOUN
cblr-3021	213	2	,	,	PUNCT
cblr-3021	213	3	institutions	institution	NOUN
cblr-3021	213	4	,	,	PUNCT
cblr-3021	213	5	and	and	CCONJ
cblr-3021	213	6	instruments	instrument	NOUN
cblr-3021	213	7	,	,	PUNCT
cblr-3021	213	8	nov	nov	PROPN
cblr-3021	213	9	.	.	PROPN
cblr-3021	213	10	1997	1997	NUM
cblr-3021	213	11	,	,	PUNCT
cblr-3021	213	12	at	at	ADP
cblr-3021	213	13	10	10	NUM
cblr-3021	213	14	-	-	SYM
cblr-3021	213	15	13	13	NUM
cblr-3021	213	16	.	.	PUNCT
cblr-3021	214	1	but	but	CCONJ
cblr-3021	214	2	see	see	VERB
cblr-3021	214	3	pratt	pratt	PROPN
cblr-3021	214	4	's	's	PART
cblr-3021	214	5	guide	guide	NOUN
cblr-3021	214	6	to	to	PART
cblr-3021	214	7	venture	venture	VERB
cblr-3021	214	8	capital	capital	NOUN
cblr-3021	214	9	sources	source	NOUN
cblr-3021	214	10	8	8	NUM
cblr-3021	214	11	-	-	SYM
cblr-3021	214	12	9	9	NUM
cblr-3021	214	13	(	(	PUNCT
cblr-3021	214	14	stanley	stanley	PROPN
cblr-3021	214	15	e.	e.	PROPN
cblr-3021	214	16	pratt	pratt	PROPN
cblr-3021	214	17	&	&	CCONJ
cblr-3021	214	18	jane	jane	PROPN
cblr-3021	214	19	k.	k.	PROPN
cblr-3021	214	20	morris	morris	PROPN
cblr-3021	214	21	eds	eds	PROPN
cblr-3021	214	22	.	.	PROPN
cblr-3021	214	23	,	,	PUNCT
cblr-3021	214	24	11th	11th	ADJ
cblr-3021	214	25	ed	ed	NOUN
cblr-3021	214	26	.	.	PROPN
cblr-3021	214	27	1987	1987	NUM
cblr-3021	214	28	)	)	PUNCT
cblr-3021	215	1	(	(	PUNCT
cblr-3021	215	2	dating	date	VERB
cblr-3021	215	3	venture	venture	NOUN
cblr-3021	215	4	capital	capital	NOUN
cblr-3021	215	5	back	back	ADV
cblr-3021	215	6	to	to	ADP
cblr-3021	215	7	ancient	ancient	ADJ
cblr-3021	215	8	investments	investment	NOUN
cblr-3021	215	9	seeking	seek	VERB
cblr-3021	215	10	high	high	ADJ
cblr-3021	215	11	returns	return	NOUN
cblr-3021	215	12	,	,	PUNCT
cblr-3021	215	13	including	include	VERB
cblr-3021	215	14	queen	queen	PROPN
cblr-3021	215	15	isabella	isabella	NOUN
cblr-3021	215	16	's	's	PART
cblr-3021	215	17	sponsorship	sponsorship	NOUN
cblr-3021	215	18	of	of	ADP
cblr-3021	215	19	christopher	christopher	PROPN
cblr-3021	215	20	columbus	columbus	PROPN
cblr-3021	215	21	'	'	PUNCT
cblr-3021	215	22	voyage	voyage	NOUN
cblr-3021	215	23	to	to	ADP
cblr-3021	215	24	the	the	DET
cblr-3021	215	25	new	new	ADJ
cblr-3021	215	26	world	world	NOUN
cblr-3021	215	27	)	)	PUNCT
cblr-3021	215	28	.	.	PUNCT
cblr-3021	216	1	33	33	NUM
cblr-3021	216	2	john	john	PROPN
cblr-3021	216	3	h.	h.	PROPN
cblr-3021	216	4	whitney	whitney	PROPN
cblr-3021	216	5	organized	organize	VERB
cblr-3021	216	6	a	a	DET
cblr-3021	216	7	venture	venture	NOUN
cblr-3021	216	8	partnership	partnership	NOUN
cblr-3021	216	9	with	with	ADP
cblr-3021	216	10	$	$	SYM
cblr-3021	216	11	10	10	NUM
cblr-3021	216	12	million	million	NUM
cblr-3021	216	13	dollars	dollar	NOUN
cblr-3021	216	14	(	(	PUNCT
cblr-3021	216	15	approximately	approximately	ADV
cblr-3021	216	16	$	$	SYM
cblr-3021	216	17	80	80	NUM
cblr-3021	216	18	million	million	NUM
cblr-3021	216	19	in	in	ADP
cblr-3021	216	20	today	today	NOUN
cblr-3021	216	21	's	's	PART
cblr-3021	216	22	dollars	dollar	NOUN
cblr-3021	216	23	based	base	VERB
cblr-3021	216	24	on	on	ADP
cblr-3021	216	25	inflation	inflation	NOUN
cblr-3021	216	26	as	as	SCONJ
cblr-3021	216	27	estimated	estimate	VERB
cblr-3021	216	28	by	by	ADP
cblr-3021	216	29	the	the	DET
cblr-3021	216	30	consumer	consumer	NOUN
cblr-3021	216	31	price	price	NOUN
cblr-3021	216	32	index	index	NOUN
cblr-3021	216	33	)	)	PUNCT
cblr-3021	216	34	.	.	PUNCT
cblr-3021	217	1	general	general	PROPN
cblr-3021	217	2	georges	georges	PROPN
cblr-3021	217	3	f.	f.	PROPN
cblr-3021	217	4	doriot	doriot	PROPN
cblr-3021	217	5	and	and	CCONJ
cblr-3021	217	6	several	several	ADJ
cblr-3021	217	7	others	other	NOUN
cblr-3021	217	8	founded	found	VERB
cblr-3021	217	9	the	the	DET
cblr-3021	217	10	american	american	ADJ
cblr-3021	217	11	research	research	PROPN
cblr-3021	217	12	and	and	CCONJ
cblr-3021	217	13	development	development	NOUN
cblr-3021	217	14	corporation	corporation	NOUN
cblr-3021	217	15	(	(	PUNCT
cblr-3021	217	16	ar&d	ar&d	PROPN
cblr-3021	217	17	)	)	PUNCT
cblr-3021	217	18	the	the	DET
cblr-3021	217	19	same	same	ADJ
cblr-3021	217	20	year	year	NOUN
cblr-3021	217	21	.	.	PUNCT
cblr-3021	218	1	the	the	DET
cblr-3021	218	2	phipps	phipps	PROPN
cblr-3021	218	3	and	and	CCONJ
cblr-3021	218	4	rockefeller	rockefeller	PROPN
cblr-3021	218	5	families	family	NOUN
cblr-3021	218	6	eventually	eventually	ADV
cblr-3021	218	7	followed	follow	VERB
cblr-3021	218	8	suit	suit	NOUN
cblr-3021	218	9	with	with	ADP
cblr-3021	218	10	pioneering	pioneer	VERB
cblr-3021	218	11	firms	firm	NOUN
cblr-3021	218	12	that	that	PRON
cblr-3021	218	13	would	would	AUX
cblr-3021	218	14	become	become	VERB
cblr-3021	218	15	bessemer	bessemer	PROPN
cblr-3021	218	16	securities	securities	PROPN
cblr-3021	218	17	and	and	CCONJ
cblr-3021	218	18	venrock	venrock	NOUN
cblr-3021	218	19	,	,	PUNCT
cblr-3021	218	20	respectively	respectively	ADV
cblr-3021	218	21	.	.	PUNCT
cblr-3021	219	1	for	for	ADP
cblr-3021	219	2	good	good	ADJ
cblr-3021	219	3	background	background	NOUN
cblr-3021	219	4	on	on	ADP
cblr-3021	219	5	the	the	DET
cblr-3021	219	6	early	early	ADJ
cblr-3021	219	7	history	history	NOUN
cblr-3021	219	8	of	of	ADP
cblr-3021	219	9	venture	venture	NOUN
cblr-3021	219	10	capital	capital	NOUN
cblr-3021	219	11	,	,	PUNCT
cblr-3021	219	12	see	see	VERB
cblr-3021	219	13	joseph	joseph	PROPN
cblr-3021	219	14	w.	w.	PROPN
cblr-3021	219	15	bartlett	bartlett	PROPN
cblr-3021	219	16	,	,	PUNCT
cblr-3021	219	17	venture	venture	NOUN
cblr-3021	219	18	capital	capital	NOUN
cblr-3021	219	19	:	:	PUNCT
cblr-3021	219	20	law	law	NOUN
cblr-3021	219	21	,	,	PUNCT
cblr-3021	219	22	business	business	NOUN
cblr-3021	219	23	strategies	strategy	NOUN
cblr-3021	219	24	,	,	PUNCT
cblr-3021	219	25	and	and	CCONJ
cblr-3021	219	26	investment	investment	NOUN
cblr-3021	219	27	planning	planning	NOUN
cblr-3021	219	28	(	(	PUNCT
cblr-3021	219	29	1988	1988	NUM
cblr-3021	219	30	)	)	PUNCT
cblr-3021	219	31	and	and	CCONJ
cblr-3021	219	32	fenn	fenn	PROPN
cblr-3021	219	33	et	et	PROPN
cblr-3021	219	34	al	al	PROPN
cblr-3021	219	35	.	.	PROPN
cblr-3021	219	36	,	,	PUNCT
cblr-3021	219	37	supra	supra	PROPN
cblr-3021	219	38	note	note	NOUN
cblr-3021	219	39	32	32	NUM
cblr-3021	219	40	.	.	PUNCT
cblr-3021	219	41	'	'	PUNCT
cblr-3021	220	1	the	the	DET
cblr-3021	220	2	soviet	soviet	ADJ
cblr-3021	220	3	launch	launch	NOUN
cblr-3021	220	4	of	of	ADP
cblr-3021	220	5	sputnik	sputnik	NOUN
cblr-3021	220	6	on	on	ADP
cblr-3021	220	7	october	october	PROPN
cblr-3021	220	8	4	4	NUM
cblr-3021	220	9	,	,	PUNCT
cblr-3021	220	10	1957	1957	NUM
cblr-3021	220	11	,	,	PUNCT
cblr-3021	220	12	which	which	PRON
cblr-3021	220	13	generated	generate	VERB
cblr-3021	220	14	fears	fear	NOUN
cblr-3021	220	15	that	that	SCONJ
cblr-3021	220	16	the	the	DET
cblr-3021	220	17	united	united	PROPN
cblr-3021	220	18	states	states	PROPN
cblr-3021	220	19	was	be	AUX
cblr-3021	220	20	losing	lose	VERB
cblr-3021	220	21	its	its	PRON
cblr-3021	220	22	technological	technological	ADJ
cblr-3021	220	23	superiority	superiority	NOUN
cblr-3021	220	24	,	,	PUNCT
cblr-3021	220	25	as	as	ADV
cblr-3021	220	26	well	well	ADV
cblr-3021	220	27	as	as	ADP
cblr-3021	220	28	a	a	DET
cblr-3021	220	29	report	report	NOUN
cblr-3021	220	30	by	by	ADP
cblr-3021	220	31	the	the	DET
cblr-3021	220	32	federal	federal	PROPN
cblr-3021	220	33	reserve	reserve	PROPN
cblr-3021	220	34	board	board	PROPN
cblr-3021	220	35	that	that	DET
cblr-3021	220	36	same	same	ADJ
cblr-3021	220	37	year	year	NOUN
cblr-3021	220	38	regarding	regard	VERB
cblr-3021	220	39	the	the	DET
cblr-3021	220	40	lack	lack	NOUN
cblr-3021	220	41	of	of	ADP
cblr-3021	220	42	access	access	NOUN
cblr-3021	220	43	to	to	ADP
cblr-3021	220	44	equity	equity	NOUN
cblr-3021	220	45	capital	capital	NOUN
cblr-3021	220	46	,	,	PUNCT
cblr-3021	220	47	both	both	PRON
cblr-3021	220	48	played	play	VERB
cblr-3021	220	49	an	an	DET
cblr-3021	220	50	instrumental	instrumental	ADJ
cblr-3021	220	51	role	role	NOUN
cblr-3021	220	52	in	in	ADP
cblr-3021	220	53	generating	generate	VERB
cblr-3021	220	54	the	the	DET
cblr-3021	220	55	sbia	sbia	NOUN
cblr-3021	220	56	.	.	PUNCT
cblr-3021	221	1	see	see	VERB
cblr-3021	221	2	fenn	fenn	PROPN
cblr-3021	221	3	et	et	PROPN
cblr-3021	221	4	al	al	PROPN
cblr-3021	221	5	.	.	PROPN
cblr-3021	221	6	,	,	PUNCT
cblr-3021	221	7	supra	supra	PROPN
cblr-3021	221	8	note	note	PROPN
cblr-3021	221	9	32	32	NUM
cblr-3021	221	10	,	,	PUNCT
cblr-3021	221	11	at	at	ADP
cblr-3021	221	12	11	11	NUM
cblr-3021	221	13	.	.	PUNCT
cblr-3021	222	1	no	no	INTJ
cblr-3021	222	2	.	.	PUNCT
cblr-3021	223	1	1:77	1:77	NUM
cblr-3021	223	2	]	]	X
cblr-3021	223	3	serious	serious	ADJ
cblr-3021	223	4	flaws	flaw	NOUN
cblr-3021	223	5	of	of	ADP
cblr-3021	223	6	the	the	DET
cblr-3021	223	7	sbia	sbia	NOUN
cblr-3021	223	8	and	and	CCONJ
cblr-3021	223	9	the	the	DET
cblr-3021	223	10	sbic	sbic	ADJ
cblr-3021	223	11	program	program	NOUN
cblr-3021	223	12	gave	give	VERB
cblr-3021	223	13	rise	rise	NOUN
cblr-3021	223	14	to	to	ADP
cblr-3021	223	15	the	the	DET
cblr-3021	223	16	modern	modern	ADJ
cblr-3021	223	17	era	era	NOUN
cblr-3021	223	18	of	of	ADP
cblr-3021	223	19	venture	venture	NOUN
cblr-3021	223	20	capital	capital	NOUN
cblr-3021	223	21	activity.35	activity.35	NOUN
cblr-3021	223	22	by	by	ADP
cblr-3021	223	23	1978	1978	NUM
cblr-3021	223	24	,	,	PUNCT
cblr-3021	223	25	capital	capital	NOUN
cblr-3021	223	26	committed	commit	VERB
cblr-3021	223	27	to	to	ADP
cblr-3021	223	28	private	private	ADJ
cblr-3021	223	29	,	,	PUNCT
cblr-3021	223	30	unsubsidized	unsubsidized	ADJ
cblr-3021	223	31	venture	venture	NOUN
cblr-3021	223	32	capital	capital	NOUN
cblr-3021	223	33	funds	fund	NOUN
cblr-3021	223	34	exceeded	exceed	VERB
cblr-3021	223	35	federally	federally	ADV
cblr-3021	223	36	sanctioned	sanction	VERB
cblr-3021	223	37	sbics	sbic	NOUN
cblr-3021	223	38	by	by	ADP
cblr-3021	223	39	almost	almost	ADV
cblr-3021	223	40	threefold	threefold	ADV
cblr-3021	223	41	,	,	PUNCT
cblr-3021	223	42	despite	despite	SCONJ
cblr-3021	223	43	the	the	DET
cblr-3021	223	44	fact	fact	NOUN
cblr-3021	223	45	that	that	SCONJ
cblr-3021	223	46	sbics	sbic	NOUN
cblr-3021	223	47	received	receive	VERB
cblr-3021	223	48	50	50	NUM
cblr-3021	223	49	-	-	SYM
cblr-3021	223	50	75	75	NUM
cblr-3021	223	51	%	%	NOUN
cblr-3021	223	52	of	of	ADP
cblr-3021	223	53	their	their	PRON
cblr-3021	223	54	capital	capital	NOUN
cblr-3021	223	55	from	from	ADP
cblr-3021	223	56	the	the	DET
cblr-3021	223	57	government	government	NOUN
cblr-3021	223	58	.	.	PUNCT
cblr-3021	224	1	6	6	NUM
cblr-3021	224	2	more	more	ADV
cblr-3021	224	3	importantly	importantly	ADV
cblr-3021	224	4	,	,	PUNCT
cblr-3021	224	5	traditional	traditional	ADJ
cblr-3021	224	6	venture	venture	NOUN
cblr-3021	224	7	capital	capital	NOUN
cblr-3021	224	8	funds	fund	NOUN
cblr-3021	224	9	still	still	ADV
cblr-3021	224	10	operated	operate	VERB
cblr-3021	224	11	in	in	ADP
cblr-3021	224	12	the	the	DET
cblr-3021	224	13	illogical	illogical	ADJ
cblr-3021	224	14	and	and	CCONJ
cblr-3021	224	15	poorly	poorly	ADV
cblr-3021	224	16	designed	design	VERB
cblr-3021	224	17	regulatory	regulatory	ADJ
cblr-3021	224	18	structure	structure	NOUN
cblr-3021	224	19	of	of	ADP
cblr-3021	224	20	the	the	DET
cblr-3021	224	21	'	'	NUM
cblr-3021	224	22	40	40	NUM
cblr-3021	224	23	act	act	NOUN
cblr-3021	224	24	,	,	PUNCT
cblr-3021	224	25	which	which	PRON
cblr-3021	224	26	congress	congress	PROPN
cblr-3021	224	27	,	,	PUNCT
cblr-3021	224	28	in	in	ADP
cblr-3021	224	29	its	its	PRON
cblr-3021	224	30	attempt	attempt	NOUN
cblr-3021	224	31	to	to	PART
cblr-3021	224	32	promote	promote	VERB
cblr-3021	224	33	capital	capital	NOUN
cblr-3021	224	34	formation	formation	NOUN
cblr-3021	224	35	,	,	PUNCT
cblr-3021	224	36	ignored	ignore	VERB
cblr-3021	224	37	,	,	PUNCT
cblr-3021	224	38	instead	instead	ADV
cblr-3021	224	39	creating	create	VERB
cblr-3021	224	40	an	an	DET
cblr-3021	224	41	unsound	unsound	ADJ
cblr-3021	224	42	program	program	NOUN
cblr-3021	224	43	that	that	SCONJ
cblr-3021	224	44	despite	despite	SCONJ
cblr-3021	224	45	its	its	PRON
cblr-3021	224	46	subsidies	subsidy	NOUN
cblr-3021	224	47	essentially	essentially	ADV
cblr-3021	224	48	failed	fail	VERB
cblr-3021	224	49	.	.	PUNCT
cblr-3021	225	1	c.	c.	NOUN
cblr-3021	226	1	the	the	DET
cblr-3021	226	2	small	small	ADJ
cblr-3021	226	3	business	business	NOUN
cblr-3021	226	4	investment	investment	NOUN
cblr-3021	226	5	incentive	incentive	PROPN
cblr-3021	226	6	act	act	NOUN
cblr-3021	226	7	of	of	ADP
cblr-3021	226	8	1980	1980	NUM
cblr-3021	226	9	(	(	PUNCT
cblr-3021	226	10	"	"	PUNCT
cblr-3021	226	11	sbiia")37	sbiia")37	PROPN
cblr-3021	226	12	in	in	ADP
cblr-3021	226	13	response	response	NOUN
cblr-3021	226	14	to	to	ADP
cblr-3021	226	15	the	the	DET
cblr-3021	226	16	rise	rise	NOUN
cblr-3021	226	17	of	of	ADP
cblr-3021	226	18	venture	venture	NOUN
cblr-3021	226	19	capital	capital	NOUN
cblr-3021	226	20	funds	fund	NOUN
cblr-3021	226	21	and	and	CCONJ
cblr-3021	226	22	those	those	DET
cblr-3021	226	23	funds	fund	NOUN
cblr-3021	226	24	competing	compete	VERB
cblr-3021	226	25	with	with	ADP
cblr-3021	226	26	the	the	DET
cblr-3021	226	27	government	government	NOUN
cblr-3021	226	28	's	's	PART
cblr-3021	226	29	sbics	sbic	NOUN
cblr-3021	226	30	,	,	PUNCT
cblr-3021	226	31	congress	congress	PROPN
cblr-3021	226	32	attempted	attempt	VERB
cblr-3021	226	33	to	to	PART
cblr-3021	226	34	provide	provide	VERB
cblr-3021	226	35	exemptions	exemption	NOUN
cblr-3021	226	36	to	to	ADP
cblr-3021	226	37	the	the	DET
cblr-3021	226	38	'	'	NUM
cblr-3021	226	39	40	40	NUM
cblr-3021	226	40	act	act	NOUN
cblr-3021	226	41	with	with	ADP
cblr-3021	226	42	the	the	DET
cblr-3021	226	43	passage	passage	NOUN
cblr-3021	226	44	of	of	ADP
cblr-3021	226	45	the	the	DET
cblr-3021	226	46	sbiia	sbiia	NOUN
cblr-3021	226	47	in	in	ADP
cblr-3021	226	48	1980	1980	NUM
cblr-3021	226	49	.	.	PUNCT
cblr-3021	227	1	however	however	ADV
cblr-3021	227	2	,	,	PUNCT
cblr-3021	227	3	like	like	ADP
cblr-3021	227	4	the	the	DET
cblr-3021	227	5	sbia	sbia	NOUN
cblr-3021	227	6	,	,	PUNCT
cblr-3021	227	7	the	the	DET
cblr-3021	227	8	legislation	legislation	NOUN
cblr-3021	227	9	essentially	essentially	ADV
cblr-3021	227	10	created	create	VERB
cblr-3021	227	11	a	a	DET
cblr-3021	227	12	new	new	ADJ
cblr-3021	227	13	kind	kind	NOUN
cblr-3021	227	14	of	of	ADP
cblr-3021	227	15	venture	venture	NOUN
cblr-3021	227	16	investment	investment	NOUN
cblr-3021	227	17	company	company	NOUN
cblr-3021	227	18	instead	instead	ADV
cblr-3021	227	19	of	of	ADP
cblr-3021	227	20	adopting	adopt	VERB
cblr-3021	227	21	regulations	regulation	NOUN
cblr-3021	227	22	better	well	ADV
cblr-3021	227	23	suited	suit	VERB
cblr-3021	227	24	to	to	ADP
cblr-3021	227	25	traditional	traditional	ADJ
cblr-3021	227	26	venture	venture	NOUN
cblr-3021	227	27	capital	capital	NOUN
cblr-3021	227	28	firms	firm	NOUN
cblr-3021	227	29	.	.	PUNCT
cblr-3021	228	1	the	the	DET
cblr-3021	228	2	sbiia	sbiia	NOUN
cblr-3021	228	3	defined	define	VERB
cblr-3021	228	4	a	a	DET
cblr-3021	228	5	new	new	ADJ
cblr-3021	228	6	kind	kind	NOUN
cblr-3021	228	7	of	of	ADP
cblr-3021	228	8	company	company	NOUN
cblr-3021	228	9	called	call	VERB
cblr-3021	228	10	a	a	DET
cblr-3021	228	11	"	"	PUNCT
cblr-3021	228	12	business	business	NOUN
cblr-3021	228	13	"	"	PUNCT
cblr-3021	228	14	the	the	DET
cblr-3021	228	15	sbic	sbic	ADJ
cblr-3021	228	16	program	program	NOUN
cblr-3021	228	17	contained	contain	VERB
cblr-3021	228	18	crucial	crucial	ADJ
cblr-3021	228	19	flaws	flaw	NOUN
cblr-3021	228	20	.	.	PUNCT
cblr-3021	229	1	first	first	ADV
cblr-3021	229	2	,	,	PUNCT
cblr-3021	229	3	sbics	sbic	NOUN
cblr-3021	229	4	were	be	AUX
cblr-3021	229	5	required	require	VERB
cblr-3021	229	6	to	to	PART
cblr-3021	229	7	pay	pay	VERB
cblr-3021	229	8	interest	interest	NOUN
cblr-3021	229	9	on	on	ADP
cblr-3021	229	10	leverage	leverage	NOUN
cblr-3021	229	11	obtained	obtain	VERB
cblr-3021	229	12	from	from	ADP
cblr-3021	229	13	sba	sba	PROPN
cblr-3021	229	14	loans	loan	NOUN
cblr-3021	229	15	.	.	PUNCT
cblr-3021	230	1	as	as	ADP
cblr-3021	230	2	a	a	DET
cblr-3021	230	3	result	result	NOUN
cblr-3021	230	4	,	,	PUNCT
cblr-3021	230	5	they	they	PRON
cblr-3021	230	6	concentrated	concentrate	VERB
cblr-3021	230	7	on	on	ADP
cblr-3021	230	8	debt	debt	NOUN
cblr-3021	230	9	,	,	PUNCT
cblr-3021	230	10	not	not	PART
cblr-3021	230	11	equity	equity	NOUN
cblr-3021	230	12	,	,	PUNCT
cblr-3021	230	13	financing	financing	NOUN
cblr-3021	230	14	.	.	PUNCT
cblr-3021	231	1	see	see	VERB
cblr-3021	231	2	fenn	fenn	PROPN
cblr-3021	231	3	et	et	PROPN
cblr-3021	231	4	al	al	PROPN
cblr-3021	231	5	.	.	PROPN
cblr-3021	231	6	,	,	PUNCT
cblr-3021	231	7	supra	supra	PROPN
cblr-3021	231	8	note	note	PROPN
cblr-3021	231	9	32	32	NUM
cblr-3021	231	10	,	,	PUNCT
cblr-3021	231	11	at	at	ADP
cblr-3021	231	12	12	12	NUM
cblr-3021	231	13	.	.	PUNCT
cblr-3021	232	1	the	the	DET
cblr-3021	232	2	long	long	ADJ
cblr-3021	232	3	pay	pay	VERB
cblr-3021	232	4	out	out	ADP
cblr-3021	232	5	structure	structure	NOUN
cblr-3021	232	6	that	that	SCONJ
cblr-3021	232	7	most	most	ADV
cblr-3021	232	8	traditional	traditional	ADJ
cblr-3021	232	9	venture	venture	NOUN
cblr-3021	232	10	funds	fund	NOUN
cblr-3021	232	11	have	have	VERB
cblr-3021	232	12	(	(	PUNCT
cblr-3021	232	13	usually	usually	ADV
cblr-3021	232	14	seven	seven	NUM
cblr-3021	232	15	to	to	PART
cblr-3021	232	16	ten	ten	NUM
cblr-3021	232	17	years	year	NOUN
cblr-3021	232	18	)	)	PUNCT
cblr-3021	232	19	does	do	AUX
cblr-3021	232	20	not	not	PART
cblr-3021	232	21	suit	suit	VERB
cblr-3021	232	22	leveraged	leveraged	ADJ
cblr-3021	232	23	investors	investor	NOUN
cblr-3021	232	24	.	.	PUNCT
cblr-3021	233	1	thus	thus	ADV
cblr-3021	233	2	,	,	PUNCT
cblr-3021	233	3	many	many	ADJ
cblr-3021	233	4	sbics	sbic	NOUN
cblr-3021	233	5	failed	fail	VERB
cblr-3021	233	6	because	because	SCONJ
cblr-3021	233	7	of	of	ADP
cblr-3021	233	8	their	their	PRON
cblr-3021	233	9	debt	debt	NOUN
cblr-3021	233	10	burden	burden	NOUN
cblr-3021	233	11	,	,	PUNCT
cblr-3021	233	12	which	which	PRON
cblr-3021	233	13	left	leave	VERB
cblr-3021	233	14	them	they	PRON
cblr-3021	233	15	unable	unable	ADJ
cblr-3021	233	16	to	to	PART
cblr-3021	233	17	survive	survive	VERB
cblr-3021	233	18	until	until	SCONJ
cblr-3021	233	19	capital	capital	NOUN
cblr-3021	233	20	returned	return	VERB
cblr-3021	233	21	from	from	ADP
cblr-3021	233	22	the	the	DET
cblr-3021	233	23	companies	company	NOUN
cblr-3021	233	24	in	in	ADP
cblr-3021	233	25	which	which	PRON
cblr-3021	233	26	they	they	PRON
cblr-3021	233	27	invested	invest	VERB
cblr-3021	233	28	.	.	PUNCT
cblr-3021	234	1	see	see	VERB
cblr-3021	234	2	bristow	bristow	PROPN
cblr-3021	234	3	&	&	CCONJ
cblr-3021	234	4	petillon	petillon	PROPN
cblr-3021	234	5	,	,	PUNCT
cblr-3021	234	6	supra	supra	PROPN
cblr-3021	234	7	note	note	NOUN
cblr-3021	234	8	5	5	NUM
cblr-3021	234	9	at	at	ADP
cblr-3021	234	10	411	411	NUM
cblr-3021	234	11	,	,	PUNCT
cblr-3021	234	12	419	419	NUM
cblr-3021	234	13	.	.	PUNCT
cblr-3021	235	1	second	second	ADJ
cblr-3021	235	2	,	,	PUNCT
cblr-3021	235	3	sbics	sbic	NOUN
cblr-3021	235	4	often	often	ADV
cblr-3021	235	5	did	do	AUX
cblr-3021	235	6	not	not	PART
cblr-3021	235	7	attract	attract	VERB
cblr-3021	235	8	high	high	ADJ
cblr-3021	235	9	quality	quality	NOUN
cblr-3021	235	10	managers	manager	NOUN
cblr-3021	235	11	.	.	PUNCT
cblr-3021	236	1	as	as	ADP
cblr-3021	236	2	a	a	DET
cblr-3021	236	3	result	result	NOUN
cblr-3021	236	4	,	,	PUNCT
cblr-3021	236	5	sbics	sbic	NOUN
cblr-3021	236	6	became	become	VERB
cblr-3021	236	7	an	an	DET
cblr-3021	236	8	unintended	unintended	ADJ
cblr-3021	236	9	hotbed	hotbed	NOUN
cblr-3021	236	10	of	of	ADP
cblr-3021	236	11	mismanagement	mismanagement	NOUN
cblr-3021	236	12	and	and	CCONJ
cblr-3021	236	13	corruption	corruption	NOUN
cblr-3021	236	14	.	.	PUNCT
cblr-3021	237	1	see	see	VERB
cblr-3021	237	2	fenn	fenn	PROPN
cblr-3021	237	3	et	et	PROPN
cblr-3021	237	4	al	al	PROPN
cblr-3021	237	5	.	.	PROPN
cblr-3021	237	6	,	,	PUNCT
cblr-3021	237	7	supra	supra	PROPN
cblr-3021	237	8	note	note	PROPN
cblr-3021	237	9	32	32	NUM
cblr-3021	237	10	,	,	PUNCT
cblr-3021	237	11	at	at	ADP
cblr-3021	237	12	12	12	NUM
cblr-3021	237	13	;	;	PUNCT
cblr-3021	237	14	bristow	bristow	PROPN
cblr-3021	237	15	&	&	CCONJ
cblr-3021	237	16	petillon	petillon	PROPN
cblr-3021	237	17	,	,	PUNCT
cblr-3021	237	18	supra	supra	PROPN
cblr-3021	237	19	note	note	NOUN
cblr-3021	237	20	5	5	NUM
cblr-3021	237	21	,	,	PUNCT
cblr-3021	237	22	at	at	ADP
cblr-3021	237	23	411	411	NUM
cblr-3021	237	24	.	.	PUNCT
cblr-3021	238	1	finally	finally	ADV
cblr-3021	238	2	,	,	PUNCT
cblr-3021	238	3	sbics	sbic	NOUN
cblr-3021	238	4	were	be	AUX
cblr-3021	238	5	restricted	restrict	VERB
cblr-3021	238	6	from	from	ADP
cblr-3021	238	7	taking	take	VERB
cblr-3021	238	8	controlling	control	VERB
cblr-3021	238	9	interests	interest	NOUN
cblr-3021	238	10	in	in	ADP
cblr-3021	238	11	and	and	CCONJ
cblr-3021	238	12	from	from	ADP
cblr-3021	238	13	investing	invest	VERB
cblr-3021	238	14	in	in	ADP
cblr-3021	238	15	portfolio	portfolio	NOUN
cblr-3021	238	16	companies	company	NOUN
cblr-3021	238	17	of	of	ADP
cblr-3021	238	18	a	a	DET
cblr-3021	238	19	certain	certain	ADJ
cblr-3021	238	20	size	size	NOUN
cblr-3021	238	21	.	.	PUNCT
cblr-3021	239	1	36	36	NUM
cblr-3021	239	2	see	see	VERB
cblr-3021	239	3	bristow	bristow	PROPN
cblr-3021	239	4	&	&	CCONJ
cblr-3021	239	5	petillon	petillon	PROPN
cblr-3021	239	6	,	,	PUNCT
cblr-3021	239	7	supra	supra	PROPN
cblr-3021	239	8	note	note	NOUN
cblr-3021	239	9	5	5	NUM
cblr-3021	239	10	,	,	PUNCT
cblr-3021	239	11	at	at	ADP
cblr-3021	239	12	440	440	NUM
cblr-3021	239	13	tbl.5	tbl.5	NOUN
cblr-3021	239	14	.	.	PUNCT
cblr-3021	240	1	37	37	NUM
cblr-3021	240	2	pub	pub	NOUN
cblr-3021	240	3	.	.	PUNCT
cblr-3021	241	1	l.	l.	PROPN
cblr-3021	241	2	no	no	INTJ
cblr-3021	241	3	.	.	PROPN
cblr-3021	242	1	96	96	NUM
cblr-3021	242	2	-	-	SYM
cblr-3021	242	3	477	477	NUM
cblr-3021	242	4	,	,	PUNCT
cblr-3021	242	5	94	94	NUM
cblr-3021	242	6	stat	stat	NOUN
cblr-3021	242	7	.	.	PUNCT
cblr-3021	243	1	2275	2275	NUM
cblr-3021	243	2	(	(	PUNCT
cblr-3021	243	3	codified	codify	VERB
cblr-3021	243	4	in	in	ADP
cblr-3021	243	5	scattered	scatter	VERB
cblr-3021	243	6	sections	section	NOUN
cblr-3021	243	7	of	of	ADP
cblr-3021	243	8	15	15	NUM
cblr-3021	243	9	u.s.c	u.s.c	ADJ
cblr-3021	243	10	.	.	PUNCT
cblr-3021	244	1	(	(	PUNCT
cblr-3021	244	2	2000	2000	NUM
cblr-3021	244	3	)	)	PUNCT
cblr-3021	244	4	)	)	PUNCT
cblr-3021	244	5	.	.	PUNCT
cblr-3021	245	1	columbia	columbia	PROPN
cblr-3021	245	2	business	business	PROPN
cblr-3021	245	3	la	la	PROPN
cblr-3021	245	4	w	w	PROPN
cblr-3021	245	5	review	review	NOUN
cblr-3021	245	6	[	[	X
cblr-3021	245	7	vol	vol	NOUN
cblr-3021	245	8	.	.	PUNCT
cblr-3021	245	9	2004	2004	NUM
cblr-3021	245	10	venture	venture	NOUN
cblr-3021	245	11	capital	capital	NOUN
cblr-3021	245	12	formation	formation	NOUN
cblr-3021	245	13	and	and	CCONJ
cblr-3021	245	14	access	access	NOUN
cblr-3021	245	15	development	development	NOUN
cblr-3021	245	16	company	company	NOUN
cblr-3021	245	17	"	"	PUNCT
cblr-3021	245	18	(	(	PUNCT
cblr-3021	245	19	"	"	PUNCT
cblr-3021	245	20	bdc").35	bdc").35	NOUN
cblr-3021	245	21	while	while	SCONJ
cblr-3021	245	22	exempting	exempt	VERB
cblr-3021	245	23	bdcs	bdcs	ADV
cblr-3021	245	24	from	from	ADP
cblr-3021	245	25	§	§	PROPN
cblr-3021	245	26	§	§	PROPN
cblr-3021	245	27	1	1	NUM
cblr-3021	245	28	-	-	SYM
cblr-3021	245	29	53	53	NUM
cblr-3021	245	30	of	of	ADP
cblr-3021	245	31	the	the	DET
cblr-3021	245	32	'	'	NUM
cblr-3021	245	33	40	40	NUM
cblr-3021	245	34	act	act	NOUN
cblr-3021	246	1	,	,	PUNCT
cblr-3021	246	2	the	the	DET
cblr-3021	246	3	sbiia	sbiia	NOUN
cblr-3021	246	4	subjected	subject	VERB
cblr-3021	246	5	them	they	PRON
cblr-3021	246	6	to	to	ADP
cblr-3021	246	7	regulations	regulation	NOUN
cblr-3021	246	8	under	under	ADP
cblr-3021	246	9	newly	newly	ADV
cblr-3021	246	10	created	create	VERB
cblr-3021	246	11	§	§	PROPN
cblr-3021	246	12	§	§	PROPN
cblr-3021	246	13	55	55	NUM
cblr-3021	246	14	-	-	SYM
cblr-3021	246	15	65.19	65.19	NUM
cblr-3021	246	16	as	as	SCONJ
cblr-3021	246	17	stated	state	VERB
cblr-3021	246	18	in	in	ADP
cblr-3021	246	19	bristow	bristow	PROPN
cblr-3021	246	20	and	and	CCONJ
cblr-3021	246	21	petillon	petillon	NOUN
cblr-3021	246	22	,	,	PUNCT
cblr-3021	246	23	"	"	PUNCT
cblr-3021	246	24	what	what	PRON
cblr-3021	246	25	congress	congress	PROPN
cblr-3021	246	26	gave	give	VERB
cblr-3021	246	27	in	in	ADP
cblr-3021	246	28	the	the	DET
cblr-3021	246	29	1980	1980	NUM
cblr-3021	246	30	act	act	NOUN
cblr-3021	246	31	,	,	PUNCT
cblr-3021	246	32	in	in	ADP
cblr-3021	246	33	exempting	exempt	VERB
cblr-3021	246	34	bdcs	bdc	NOUN
cblr-3021	246	35	in	in	ADP
cblr-3021	246	36	its	its	PRON
cblr-3021	246	37	left	left	ADJ
cblr-3021	246	38	hand	hand	NOUN
cblr-3021	246	39	,	,	PUNCT
cblr-3021	246	40	congress	congress	PROPN
cblr-3021	246	41	took	take	VERB
cblr-3021	246	42	back	back	ADV
cblr-3021	246	43	in	in	ADP
cblr-3021	246	44	its	its	PRON
cblr-3021	246	45	right	right	ADJ
cblr-3021	246	46	hand	hand	NOUN
cblr-3021	246	47	"	"	PUNCT
cblr-3021	246	48	by	by	ADP
cblr-3021	246	49	imposing	impose	VERB
cblr-3021	246	50	additional	additional	ADJ
cblr-3021	246	51	regulations	regulation	NOUN
cblr-3021	246	52	.	.	PUNCT
cblr-3021	247	1	40	40	NUM
cblr-3021	247	2	as	as	ADP
cblr-3021	247	3	a	a	DET
cblr-3021	247	4	result	result	NOUN
cblr-3021	247	5	,	,	PUNCT
cblr-3021	247	6	the	the	DET
cblr-3021	247	7	sbiia	sbiia	NOUN
cblr-3021	247	8	failed	fail	VERB
cblr-3021	247	9	to	to	PART
cblr-3021	247	10	generate	generate	VERB
cblr-3021	247	11	a	a	DET
cblr-3021	247	12	substantial	substantial	ADJ
cblr-3021	247	13	increase	increase	NOUN
cblr-3021	247	14	in	in	ADP
cblr-3021	247	15	small	small	ADJ
cblr-3021	247	16	business	business	NOUN
cblr-3021	247	17	investment	investment	NOUN
cblr-3021	247	18	through	through	ADP
cblr-3021	247	19	bdcs.41	bdcs.41	PROPN
cblr-3021	247	20	38	38	NUM
cblr-3021	247	21	bdcs	bdc	NOUN
cblr-3021	247	22	are	be	AUX
cblr-3021	247	23	closed	closed	ADJ
cblr-3021	247	24	-	-	PUNCT
cblr-3021	247	25	end	end	NOUN
cblr-3021	247	26	companies	company	NOUN
cblr-3021	247	27	with	with	ADP
cblr-3021	247	28	at	at	ADV
cblr-3021	247	29	least	least	ADV
cblr-3021	247	30	70	70	NUM
cblr-3021	247	31	%	%	NOUN
cblr-3021	247	32	of	of	ADP
cblr-3021	247	33	their	their	PRON
cblr-3021	247	34	assets	asset	NOUN
cblr-3021	247	35	invested	invest	VERB
cblr-3021	247	36	in	in	ADP
cblr-3021	247	37	"	"	PUNCT
cblr-3021	247	38	eligible	eligible	ADJ
cblr-3021	247	39	portfolio	portfolio	NOUN
cblr-3021	247	40	companies	company	NOUN
cblr-3021	247	41	"	"	PUNCT
cblr-3021	247	42	and	and	CCONJ
cblr-3021	247	43	must	must	AUX
cblr-3021	247	44	provide	provide	VERB
cblr-3021	247	45	significant	significant	ADJ
cblr-3021	247	46	managerial	managerial	ADJ
cblr-3021	247	47	assistance	assistance	NOUN
cblr-3021	247	48	to	to	ADP
cblr-3021	247	49	the	the	DET
cblr-3021	247	50	issuers	issuer	NOUN
cblr-3021	247	51	of	of	ADP
cblr-3021	247	52	their	their	PRON
cblr-3021	247	53	securities	security	NOUN
cblr-3021	247	54	.	.	PUNCT
cblr-3021	248	1	see	see	VERB
cblr-3021	248	2	15	15	NUM
cblr-3021	248	3	u.s.c	u.s.c	ADJ
cblr-3021	248	4	.	.	PUNCT
cblr-3021	249	1	§	§	NOUN
cblr-3021	249	2	80a-2(a)(48	80a-2(a)(48	NUM
cblr-3021	249	3	)	)	PUNCT
cblr-3021	249	4	(	(	PUNCT
cblr-3021	249	5	2000	2000	NUM
cblr-3021	249	6	)	)	PUNCT
cblr-3021	249	7	.	.	PUNCT
cblr-3021	249	8	"	"	PUNCT
cblr-3021	250	1	thus	thus	ADV
cblr-3021	250	2	,	,	PUNCT
cblr-3021	250	3	the	the	DET
cblr-3021	250	4	company	company	NOUN
cblr-3021	250	5	is	be	AUX
cblr-3021	250	6	still	still	ADV
cblr-3021	250	7	subject	subject	ADJ
cblr-3021	250	8	to	to	ADP
cblr-3021	250	9	a	a	DET
cblr-3021	250	10	variety	variety	NOUN
cblr-3021	250	11	of	of	ADP
cblr-3021	250	12	regulations	regulation	NOUN
cblr-3021	250	13	governing	govern	VERB
cblr-3021	250	14	its	its	PRON
cblr-3021	250	15	conduct	conduct	NOUN
cblr-3021	250	16	.	.	PUNCT
cblr-3021	251	1	such	such	ADJ
cblr-3021	251	2	regulations	regulation	NOUN
cblr-3021	251	3	control	control	NOUN
cblr-3021	251	4	:	:	PUNCT
cblr-3021	251	5	"	"	PUNCT
cblr-3021	251	6	follow	follow	VERB
cblr-3021	251	7	-	-	PUNCT
cblr-3021	251	8	on	on	ADP
cblr-3021	251	9	"	"	PUNCT
cblr-3021	251	10	investments	investment	NOUN
cblr-3021	251	11	in	in	ADP
cblr-3021	251	12	securities	security	NOUN
cblr-3021	251	13	of	of	ADP
cblr-3021	251	14	issuers	issuer	NOUN
cblr-3021	251	15	that	that	PRON
cblr-3021	251	16	were	be	AUX
cblr-3021	251	17	formerly	formerly	ADV
cblr-3021	251	18	eligible	eligible	ADJ
cblr-3021	251	19	portfolio	portfolio	NOUN
cblr-3021	251	20	companies	company	NOUN
cblr-3021	251	21	;	;	PUNCT
cblr-3021	251	22	investments	investment	NOUN
cblr-3021	251	23	in	in	ADP
cblr-3021	251	24	securities	security	NOUN
cblr-3021	251	25	acquired	acquire	VERB
cblr-3021	251	26	in	in	ADP
cblr-3021	251	27	bankruptcy	bankruptcy	NOUN
cblr-3021	251	28	or	or	CCONJ
cblr-3021	251	29	work	work	NOUN
cblr-3021	251	30	-	-	PUNCT
cblr-3021	251	31	out	out	ADP
cblr-3021	251	32	situations	situation	NOUN
cblr-3021	251	33	;	;	PUNCT
cblr-3021	251	34	investments	investment	NOUN
cblr-3021	251	35	in	in	ADP
cblr-3021	251	36	portfolio	portfolio	NOUN
cblr-3021	251	37	companies	company	NOUN
cblr-3021	251	38	through	through	ADP
cblr-3021	251	39	private	private	ADJ
cblr-3021	251	40	placements	placement	NOUN
cblr-3021	251	41	in	in	ADP
cblr-3021	251	42	which	which	PRON
cblr-3021	251	43	the	the	DET
cblr-3021	251	44	bdc	bdc	PROPN
cblr-3021	251	45	owns	own	VERB
cblr-3021	251	46	at	at	ADP
cblr-3021	251	47	least	least	ADV
cblr-3021	251	48	60	60	NUM
cblr-3021	251	49	%	%	NOUN
cblr-3021	251	50	of	of	ADP
cblr-3021	251	51	the	the	DET
cblr-3021	251	52	outstanding	outstanding	ADJ
cblr-3021	251	53	equity	equity	NOUN
cblr-3021	251	54	securities	security	NOUN
cblr-3021	251	55	immediately	immediately	ADV
cblr-3021	251	56	prior	prior	ADV
cblr-3021	251	57	to	to	ADP
cblr-3021	251	58	the	the	DET
cblr-3021	251	59	additional	additional	ADJ
cblr-3021	251	60	investment	investment	NOUN
cblr-3021	251	61	;	;	PUNCT
cblr-3021	251	62	investments	investment	NOUN
cblr-3021	251	63	in	in	ADP
cblr-3021	251	64	securities	security	NOUN
cblr-3021	251	65	received	receive	VERB
cblr-3021	251	66	in	in	ADP
cblr-3021	251	67	certain	certain	ADJ
cblr-3021	251	68	exchanges	exchange	NOUN
cblr-3021	251	69	for	for	ADP
cblr-3021	251	70	qualifying	qualify	VERB
cblr-3021	251	71	investments	investment	NOUN
cblr-3021	251	72	;	;	PUNCT
cblr-3021	251	73	and	and	CCONJ
cblr-3021	251	74	investments	investment	NOUN
cblr-3021	251	75	in	in	ADP
cblr-3021	251	76	cash	cash	NOUN
cblr-3021	251	77	and	and	CCONJ
cblr-3021	251	78	high	high	ADJ
cblr-3021	251	79	-	-	PUNCT
cblr-3021	251	80	quality	quality	NOUN
cblr-3021	251	81	debt	debt	NOUN
cblr-3021	251	82	investments	investment	NOUN
cblr-3021	251	83	.	.	PUNCT
cblr-3021	252	1	see	see	VERB
cblr-3021	252	2	15	15	NUM
cblr-3021	252	3	u.s.c	u.s.c	ADJ
cblr-3021	252	4	.	.	PUNCT
cblr-3021	253	1	§	§	PROPN
cblr-3021	253	2	80a-54	80a-54	NUM
cblr-3021	253	3	(	(	PUNCT
cblr-3021	253	4	2000	2000	NUM
cblr-3021	253	5	)	)	PUNCT
cblr-3021	253	6	.	.	PUNCT
cblr-3021	254	1	furthermore	furthermore	ADV
cblr-3021	254	2	,	,	PUNCT
cblr-3021	254	3	bdcs	bdcs	PROPN
cblr-3021	254	4	must	must	AUX
cblr-3021	254	5	have	have	VERB
cblr-3021	254	6	a	a	DET
cblr-3021	254	7	majority	majority	NOUN
cblr-3021	254	8	of	of	ADP
cblr-3021	254	9	disinterested	disinterested	ADJ
cblr-3021	254	10	directors	director	NOUN
cblr-3021	254	11	;	;	PUNCT
cblr-3021	254	12	are	be	AUX
cblr-3021	254	13	prohibited	prohibit	VERB
cblr-3021	254	14	from	from	ADP
cblr-3021	254	15	engaging	engage	VERB
cblr-3021	254	16	in	in	ADP
cblr-3021	254	17	certain	certain	ADJ
cblr-3021	254	18	transactions	transaction	NOUN
cblr-3021	254	19	with	with	ADP
cblr-3021	254	20	affiliated	affiliated	ADJ
cblr-3021	254	21	persons	person	NOUN
cblr-3021	254	22	without	without	ADP
cblr-3021	254	23	prior	prior	ADJ
cblr-3021	254	24	approval	approval	NOUN
cblr-3021	254	25	from	from	ADP
cblr-3021	254	26	either	either	CCONJ
cblr-3021	254	27	the	the	DET
cblr-3021	254	28	sec	sec	PROPN
cblr-3021	254	29	or	or	CCONJ
cblr-3021	254	30	from	from	ADP
cblr-3021	254	31	the	the	DET
cblr-3021	254	32	disinterested	disinterested	ADJ
cblr-3021	254	33	directors	director	NOUN
cblr-3021	254	34	or	or	CCONJ
cblr-3021	254	35	general	general	ADJ
cblr-3021	254	36	partners	partner	NOUN
cblr-3021	254	37	of	of	ADP
cblr-3021	254	38	the	the	DET
cblr-3021	254	39	venture	venture	NOUN
cblr-3021	254	40	capital	capital	NOUN
cblr-3021	254	41	company	company	NOUN
cblr-3021	254	42	who	who	PRON
cblr-3021	254	43	have	have	VERB
cblr-3021	254	44	no	no	DET
cblr-3021	254	45	financial	financial	ADJ
cblr-3021	254	46	interest	interest	NOUN
cblr-3021	254	47	in	in	ADP
cblr-3021	254	48	the	the	DET
cblr-3021	254	49	transaction	transaction	NOUN
cblr-3021	254	50	;	;	PUNCT
cblr-3021	254	51	are	be	AUX
cblr-3021	254	52	subject	subject	ADJ
cblr-3021	254	53	to	to	ADP
cblr-3021	254	54	regulation	regulation	NOUN
cblr-3021	254	55	of	of	ADP
cblr-3021	254	56	options	option	NOUN
cblr-3021	254	57	and	and	CCONJ
cblr-3021	254	58	rights	right	NOUN
cblr-3021	254	59	acquisitions	acquisition	NOUN
cblr-3021	254	60	of	of	ADP
cblr-3021	254	61	directors	director	NOUN
cblr-3021	254	62	,	,	PUNCT
cblr-3021	254	63	officers	officer	NOUN
cblr-3021	254	64	,	,	PUNCT
cblr-3021	254	65	employees	employee	NOUN
cblr-3021	254	66	,	,	PUNCT
cblr-3021	254	67	and	and	CCONJ
cblr-3021	254	68	general	general	ADJ
cblr-3021	254	69	partners	partner	NOUN
cblr-3021	254	70	;	;	PUNCT
cblr-3021	254	71	are	be	AUX
cblr-3021	254	72	subject	subject	ADJ
cblr-3021	254	73	to	to	ADP
cblr-3021	254	74	regulation	regulation	NOUN
cblr-3021	254	75	of	of	ADP
cblr-3021	254	76	their	their	PRON
cblr-3021	254	77	issuance	issuance	NOUN
cblr-3021	254	78	of	of	ADP
cblr-3021	254	79	debt	debt	NOUN
cblr-3021	254	80	securities	security	NOUN
cblr-3021	254	81	;	;	PUNCT
cblr-3021	254	82	must	must	AUX
cblr-3021	254	83	maintain	maintain	VERB
cblr-3021	254	84	a	a	DET
cblr-3021	254	85	minimum	minimum	ADJ
cblr-3021	254	86	asset	asset	NOUN
cblr-3021	254	87	coverage	coverage	NOUN
cblr-3021	254	88	ratio	ratio	NOUN
cblr-3021	254	89	;	;	PUNCT
cblr-3021	254	90	and	and	CCONJ
cblr-3021	254	91	are	be	AUX
cblr-3021	254	92	subject	subject	ADJ
cblr-3021	254	93	to	to	ADP
cblr-3021	254	94	regulation	regulation	NOUN
cblr-3021	254	95	of	of	ADP
cblr-3021	254	96	their	their	PRON
cblr-3021	254	97	employee	employee	NOUN
cblr-3021	254	98	stock	stock	NOUN
cblr-3021	254	99	and	and	CCONJ
cblr-3021	254	100	option	option	NOUN
cblr-3021	254	101	plans	plan	NOUN
cblr-3021	254	102	.	.	PUNCT
cblr-3021	255	1	see	see	VERB
cblr-3021	255	2	15	15	NUM
cblr-3021	255	3	u.s.c	u.s.c	ADJ
cblr-3021	255	4	.	.	PUNCT
cblr-3021	256	1	§	§	PROPN
cblr-3021	256	2	§	§	PROPN
cblr-3021	256	3	80a54	80a54	NUM
cblr-3021	256	4	to	to	ADP
cblr-3021	256	5	-62	-62	PROPN
cblr-3021	256	6	(	(	PUNCT
cblr-3021	256	7	2000	2000	NUM
cblr-3021	256	8	)	)	PUNCT
cblr-3021	256	9	.	.	PUNCT
cblr-3021	257	1	for	for	ADP
cblr-3021	257	2	a	a	DET
cblr-3021	257	3	particularly	particularly	ADV
cblr-3021	257	4	helpful	helpful	ADJ
cblr-3021	257	5	illustration	illustration	NOUN
cblr-3021	257	6	of	of	ADP
cblr-3021	257	7	bdc	bdc	PROPN
cblr-3021	257	8	regulations	regulation	NOUN
cblr-3021	257	9	,	,	PUNCT
cblr-3021	257	10	see	see	VERB
cblr-3021	257	11	bristow	bristow	PROPN
cblr-3021	257	12	&	&	CCONJ
cblr-3021	257	13	petillon	petillon	PROPN
cblr-3021	257	14	,	,	PUNCT
cblr-3021	257	15	supra	supra	PROPN
cblr-3021	257	16	note	note	NOUN
cblr-3021	257	17	5	5	NUM
cblr-3021	257	18	,	,	PUNCT
cblr-3021	257	19	at	at	ADP
cblr-3021	257	20	435	435	NUM
cblr-3021	257	21	tbl.1	tbl.1	NUM
cblr-3021	257	22	.	.	PUNCT
cblr-3021	258	1	40	40	NUM
cblr-3021	258	2	see	see	VERB
cblr-3021	258	3	bristow	bristow	PROPN
cblr-3021	258	4	&	&	CCONJ
cblr-3021	258	5	petillon	petillon	PROPN
cblr-3021	258	6	,	,	PUNCT
cblr-3021	258	7	supra	supra	PROPN
cblr-3021	258	8	note	note	NOUN
cblr-3021	258	9	5	5	NUM
cblr-3021	258	10	,	,	PUNCT
cblr-3021	258	11	at	at	ADP
cblr-3021	258	12	399	399	NUM
cblr-3021	258	13	.	.	PUNCT
cblr-3021	258	14	41	41	NUM
cblr-3021	258	15	in	in	ADP
cblr-3021	258	16	1993	1993	NUM
cblr-3021	258	17	,	,	PUNCT
cblr-3021	258	18	there	there	PRON
cblr-3021	258	19	were	be	VERB
cblr-3021	258	20	only	only	ADV
cblr-3021	258	21	about	about	ADV
cblr-3021	258	22	forty	forty	NUM
cblr-3021	258	23	-	-	PUNCT
cblr-3021	258	24	four	four	NUM
cblr-3021	258	25	active	active	ADJ
cblr-3021	258	26	bdcs	bdcs	ADJ
cblr-3021	258	27	with	with	ADP
cblr-3021	258	28	assets	asset	NOUN
cblr-3021	258	29	of	of	ADP
cblr-3021	258	30	about	about	ADV
cblr-3021	258	31	$	$	SYM
cblr-3021	258	32	2.5	2.5	NUM
cblr-3021	258	33	billion	billion	NUM
cblr-3021	258	34	.	.	PUNCT
cblr-3021	259	1	see	see	VERB
cblr-3021	259	2	s.	s.	PROPN
cblr-3021	259	3	conf	conf	PROPN
cblr-3021	259	4	.	.	PUNCT
cblr-3021	260	1	rep	rep	PROPN
cblr-3021	260	2	.	.	PROPN
cblr-3021	260	3	no	no	PROPN
cblr-3021	260	4	.	.	NOUN
cblr-3021	261	1	104	104	NUM
cblr-3021	261	2	-	-	SYM
cblr-3021	261	3	293	293	NUM
cblr-3021	261	4	,	,	PUNCT
cblr-3021	261	5	at	at	ADP
cblr-3021	261	6	27	27	NUM
cblr-3021	261	7	(	(	PUNCT
cblr-3021	261	8	1996	1996	NUM
cblr-3021	261	9	)	)	PUNCT
cblr-3021	261	10	.	.	PUNCT
cblr-3021	262	1	in	in	ADP
cblr-3021	262	2	1995	1995	NUM
cblr-3021	262	3	,	,	PUNCT
cblr-3021	262	4	the	the	DET
cblr-3021	262	5	number	number	NOUN
cblr-3021	262	6	of	of	ADP
cblr-3021	262	7	active	active	ADJ
cblr-3021	262	8	bdcs	bdc	NOUN
cblr-3021	262	9	increased	increase	VERB
cblr-3021	262	10	to	to	ADP
cblr-3021	262	11	sixty	sixty	NUM
cblr-3021	262	12	,	,	PUNCT
cblr-3021	262	13	but	but	CCONJ
cblr-3021	262	14	the	the	DET
cblr-3021	262	15	assets	asset	NOUN
cblr-3021	262	16	under	under	ADP
cblr-3021	262	17	management	management	NOUN
cblr-3021	262	18	declined	decline	VERB
cblr-3021	262	19	to	to	ADP
cblr-3021	262	20	$	$	SYM
cblr-3021	262	21	2.1	2.1	NUM
cblr-3021	262	22	billion	billion	NUM
cblr-3021	262	23	.	.	PUNCT
cblr-3021	263	1	see	see	VERB
cblr-3021	263	2	i	i	PRON
cblr-3021	263	3	d.	d.	PROPN
cblr-3021	263	4	no	no	INTJ
cblr-3021	263	5	.	.	PUNCT
cblr-3021	264	1	1:77	1:77	NUM
cblr-3021	264	2	]	]	X
cblr-3021	264	3	iii	iii	X
cblr-3021	264	4	.	.	PUNCT
cblr-3021	265	1	the	the	DET
cblr-3021	265	2	current	current	ADJ
cblr-3021	265	3	state	state	NOUN
cblr-3021	265	4	of	of	ADP
cblr-3021	265	5	venture	venture	NOUN
cblr-3021	265	6	capital	capital	NOUN
cblr-3021	265	7	regulation	regulation	NOUN
cblr-3021	265	8	a.	a.	NOUN
cblr-3021	265	9	the	the	DET
cblr-3021	265	10	national	national	PROPN
cblr-3021	265	11	securities	security	NOUN
cblr-3021	265	12	markets	markets	PROPN
cblr-3021	265	13	improvement	improvement	PROPN
cblr-3021	265	14	act	act	NOUN
cblr-3021	265	15	of	of	ADP
cblr-3021	265	16	1996	1996	NUM
cblr-3021	265	17	(	(	PUNCT
cblr-3021	265	18	"	"	PUNCT
cblr-3021	265	19	nsmia")42	nsmia")42	PROPN
cblr-3021	265	20	1	1	NUM
cblr-3021	265	21	.	.	PUNCT
cblr-3021	265	22	background	background	NOUN
cblr-3021	265	23	and	and	CCONJ
cblr-3021	265	24	description	description	NOUN
cblr-3021	265	25	of	of	ADP
cblr-3021	265	26	the	the	DET
cblr-3021	265	27	act	act	NOUN
cblr-3021	265	28	in	in	ADP
cblr-3021	265	29	1996	1996	NUM
cblr-3021	265	30	,	,	PUNCT
cblr-3021	265	31	congress	congress	PROPN
cblr-3021	265	32	provided	provide	VERB
cblr-3021	265	33	significant	significant	ADJ
cblr-3021	265	34	potential	potential	ADJ
cblr-3021	265	35	relief	relief	NOUN
cblr-3021	265	36	from	from	ADP
cblr-3021	265	37	the	the	DET
cblr-3021	265	38	'	'	NUM
cblr-3021	265	39	40	40	NUM
cblr-3021	265	40	act	act	NOUN
cblr-3021	265	41	.	.	PUNCT
cblr-3021	266	1	the	the	DET
cblr-3021	266	2	seemingly	seemingly	ADV
cblr-3021	266	3	insatiable	insatiable	ADJ
cblr-3021	266	4	demand43	demand43	NOUN
cblr-3021	266	5	for	for	ADP
cblr-3021	266	6	early	early	ADJ
cblr-3021	266	7	stage	stage	NOUN
cblr-3021	266	8	risk	risk	NOUN
cblr-3021	266	9	capital	capital	NOUN
cblr-3021	266	10	prompted	prompt	VERB
cblr-3021	266	11	the	the	DET
cblr-3021	266	12	passage	passage	NOUN
cblr-3021	266	13	of	of	ADP
cblr-3021	266	14	the	the	DET
cblr-3021	266	15	nsmia	nsmia	NOUN
cblr-3021	266	16	,	,	PUNCT
cblr-3021	266	17	which	which	PRON
cblr-3021	266	18	added	add	VERB
cblr-3021	266	19	a	a	DET
cblr-3021	266	20	new	new	ADJ
cblr-3021	266	21	section	section	NOUN
cblr-3021	266	22	,	,	PUNCT
cblr-3021	266	23	§	§	PROPN
cblr-3021	266	24	6(a)(5	6(a)(5	NUM
cblr-3021	266	25	)	)	PUNCT
cblr-3021	266	26	,	,	PUNCT
cblr-3021	266	27	to	to	ADP
cblr-3021	266	28	the	the	DET
cblr-3021	266	29	'	'	NUM
cblr-3021	266	30	40	40	NUM
cblr-3021	266	31	act	act	NOUN
cblr-3021	266	32	.	.	PUNCT
cblr-3021	267	1	this	this	DET
cblr-3021	267	2	section	section	NOUN
cblr-3021	267	3	exempts	exempt	VERB
cblr-3021	267	4	investment	investment	NOUN
cblr-3021	267	5	funds	fund	NOUN
cblr-3021	267	6	that	that	PRON
cblr-3021	267	7	provide	provide	VERB
cblr-3021	267	8	financial	financial	ADJ
cblr-3021	267	9	or	or	CCONJ
cblr-3021	267	10	managerial	managerial	ADJ
cblr-3021	267	11	assistance	assistance	NOUN
cblr-3021	267	12	to	to	ADP
cblr-3021	267	13	businesses	business	NOUN
cblr-3021	267	14	from	from	ADP
cblr-3021	267	15	regulation	regulation	NOUN
cblr-3021	267	16	under	under	ADP
cblr-3021	267	17	the	the	DET
cblr-3021	267	18	'	'	NUM
cblr-3021	267	19	40	40	NUM
cblr-3021	267	20	act	act	NOUN
cblr-3021	267	21	.	.	PUNCT
cblr-3021	268	1	the	the	DET
cblr-3021	268	2	conditions	condition	NOUN
cblr-3021	268	3	for	for	ADP
cblr-3021	268	4	such	such	DET
cblr-3021	268	5	an	an	DET
cblr-3021	268	6	exemption	exemption	NOUN
cblr-3021	268	7	are	be	AUX
cblr-3021	268	8	the	the	DET
cblr-3021	268	9	following	following	NOUN
cblr-3021	268	10	:	:	PUNCT
cblr-3021	269	1	1	1	X
cblr-3021	269	2	.	.	PUNCT
cblr-3021	269	3	the	the	DET
cblr-3021	269	4	company	company	NOUN
cblr-3021	269	5	is	be	AUX
cblr-3021	269	6	not	not	PART
cblr-3021	269	7	engaged	engage	VERB
cblr-3021	269	8	in	in	ADP
cblr-3021	269	9	the	the	DET
cblr-3021	269	10	business	business	NOUN
cblr-3021	269	11	of	of	ADP
cblr-3021	269	12	issuing	issue	VERB
cblr-3021	269	13	redeemable	redeemable	ADJ
cblr-3021	269	14	securities.44	securities.44	NOUN
cblr-3021	269	15	2	2	NUM
cblr-3021	269	16	.	.	PUNCT
cblr-3021	270	1	the	the	DET
cblr-3021	270	2	operations	operation	NOUN
cblr-3021	270	3	of	of	ADP
cblr-3021	270	4	the	the	DET
cblr-3021	270	5	company	company	NOUN
cblr-3021	270	6	are	be	AUX
cblr-3021	270	7	subject	subject	ADJ
cblr-3021	270	8	to	to	ADP
cblr-3021	270	9	regulation	regulation	NOUN
cblr-3021	270	10	by	by	ADP
cblr-3021	270	11	the	the	DET
cblr-3021	270	12	state	state	NOUN
cblr-3021	270	13	in	in	ADP
cblr-3021	270	14	which	which	PRON
cblr-3021	270	15	the	the	DET
cblr-3021	270	16	company	company	NOUN
cblr-3021	270	17	is	be	AUX
cblr-3021	270	18	organized.45	organized.45	ADJ
cblr-3021	270	19	3	3	X
cblr-3021	270	20	.	.	PUNCT
cblr-3021	271	1	the	the	DET
cblr-3021	271	2	state	state	PROPN
cblr-3021	271	3	regulatory	regulatory	ADJ
cblr-3021	271	4	statute	statute	NOUN
cblr-3021	271	5	governs	govern	VERB
cblr-3021	271	6	entities	entity	NOUN
cblr-3021	271	7	that	that	PRON
cblr-3021	271	8	provide	provide	VERB
cblr-3021	271	9	financial	financial	ADJ
cblr-3021	271	10	or	or	CCONJ
cblr-3021	271	11	managerial	managerial	ADJ
cblr-3021	271	12	assistance	assistance	NOUN
cblr-3021	271	13	to	to	ADP
cblr-3021	271	14	42	42	NUM
cblr-3021	271	15	pub	pub	NOUN
cblr-3021	271	16	.	.	PUNCT
cblr-3021	272	1	l.	l.	PROPN
cblr-3021	272	2	no	no	INTJ
cblr-3021	272	3	.	.	PROPN
cblr-3021	273	1	104	104	NUM
cblr-3021	273	2	-	-	SYM
cblr-3021	273	3	290	290	NUM
cblr-3021	273	4	,	,	PUNCT
cblr-3021	273	5	110	110	NUM
cblr-3021	273	6	stat	stat	NOUN
cblr-3021	273	7	.	.	PUNCT
cblr-3021	274	1	3416	3416	NUM
cblr-3021	274	2	(	(	PUNCT
cblr-3021	274	3	codified	codify	VERB
cblr-3021	274	4	as	as	SCONJ
cblr-3021	274	5	amended	amend	VERB
cblr-3021	274	6	in	in	ADP
cblr-3021	274	7	scattered	scatter	VERB
cblr-3021	274	8	sections	section	NOUN
cblr-3021	274	9	of	of	ADP
cblr-3021	274	10	15	15	NUM
cblr-3021	274	11	u.s.c	u.s.c	ADJ
cblr-3021	274	12	.	.	PUNCT
cblr-3021	275	1	(	(	PUNCT
cblr-3021	275	2	2000	2000	NUM
cblr-3021	275	3	)	)	PUNCT
cblr-3021	275	4	)	)	PUNCT
cblr-3021	275	5	.	.	PUNCT
cblr-3021	276	1	41	41	NUM
cblr-3021	276	2	one	one	NUM
cblr-3021	276	3	reason	reason	NOUN
cblr-3021	276	4	that	that	PRON
cblr-3021	276	5	demand	demand	NOUN
cblr-3021	276	6	for	for	ADP
cblr-3021	276	7	risk	risk	NOUN
cblr-3021	276	8	capital	capital	NOUN
cblr-3021	276	9	may	may	AUX
cblr-3021	276	10	appear	appear	VERB
cblr-3021	276	11	insatiable	insatiable	ADJ
cblr-3021	276	12	is	be	AUX
cblr-3021	276	13	such	such	ADJ
cblr-3021	276	14	capital	capital	NOUN
cblr-3021	276	15	promotes	promote	VERB
cblr-3021	276	16	innovation	innovation	NOUN
cblr-3021	276	17	with	with	ADP
cblr-3021	276	18	each	each	DET
cblr-3021	276	19	investment	investment	NOUN
cblr-3021	276	20	.	.	PUNCT
cblr-3021	277	1	at	at	ADP
cblr-3021	277	2	its	its	PRON
cblr-3021	277	3	core	core	NOUN
cblr-3021	277	4	,	,	PUNCT
cblr-3021	277	5	each	each	DET
cblr-3021	277	6	venture	venture	NOUN
cblr-3021	277	7	investment	investment	NOUN
cblr-3021	277	8	embodies	embody	VERB
cblr-3021	277	9	the	the	DET
cblr-3021	277	10	desire	desire	NOUN
cblr-3021	277	11	to	to	PART
cblr-3021	277	12	make	make	VERB
cblr-3021	277	13	life	life	NOUN
cblr-3021	277	14	better	well	ADJ
cblr-3021	277	15	for	for	ADP
cblr-3021	277	16	some	some	DET
cblr-3021	277	17	segment	segment	NOUN
cblr-3021	277	18	of	of	ADP
cblr-3021	277	19	customers	customer	NOUN
cblr-3021	277	20	,	,	PUNCT
cblr-3021	277	21	through	through	ADP
cblr-3021	277	22	either	either	DET
cblr-3021	277	23	increasing	increase	VERB
cblr-3021	277	24	productivity	productivity	NOUN
cblr-3021	277	25	or	or	CCONJ
cblr-3021	277	26	expanding	expand	VERB
cblr-3021	277	27	consumer	consumer	NOUN
cblr-3021	277	28	choices	choice	NOUN
cblr-3021	277	29	and	and	CCONJ
cblr-3021	277	30	freedoms	freedom	NOUN
cblr-3021	277	31	.	.	PUNCT
cblr-3021	278	1	the	the	DET
cblr-3021	278	2	precise	precise	ADJ
cblr-3021	278	3	relationship	relationship	NOUN
cblr-3021	278	4	between	between	ADP
cblr-3021	278	5	the	the	DET
cblr-3021	278	6	amount	amount	NOUN
cblr-3021	278	7	of	of	ADP
cblr-3021	278	8	capital	capital	NOUN
cblr-3021	278	9	invested	invest	VERB
cblr-3021	278	10	in	in	ADP
cblr-3021	278	11	innovation	innovation	NOUN
cblr-3021	278	12	and	and	CCONJ
cblr-3021	278	13	the	the	DET
cblr-3021	278	14	amount	amount	NOUN
cblr-3021	278	15	of	of	ADP
cblr-3021	278	16	improvement	improvement	NOUN
cblr-3021	278	17	in	in	ADP
cblr-3021	278	18	consumer	consumer	NOUN
cblr-3021	278	19	happiness	happiness	NOUN
cblr-3021	278	20	may	may	AUX
cblr-3021	278	21	be	be	AUX
cblr-3021	278	22	difficult	difficult	ADJ
cblr-3021	278	23	to	to	PART
cblr-3021	278	24	measure	measure	VERB
cblr-3021	278	25	empirically	empirically	ADV
cblr-3021	278	26	.	.	PUNCT
cblr-3021	279	1	however	however	ADV
cblr-3021	279	2	,	,	PUNCT
cblr-3021	279	3	the	the	DET
cblr-3021	279	4	demand	demand	NOUN
cblr-3021	279	5	for	for	ADP
cblr-3021	279	6	such	such	ADJ
cblr-3021	279	7	innovation	innovation	NOUN
cblr-3021	279	8	among	among	ADP
cblr-3021	279	9	consumers	consumer	NOUN
cblr-3021	279	10	certainly	certainly	ADV
cblr-3021	279	11	is	be	AUX
cblr-3021	279	12	tremendous	tremendous	ADJ
cblr-3021	279	13	,	,	PUNCT
cblr-3021	279	14	and	and	CCONJ
cblr-3021	279	15	the	the	DET
cblr-3021	279	16	amount	amount	NOUN
cblr-3021	279	17	of	of	ADP
cblr-3021	279	18	capital	capital	NOUN
cblr-3021	279	19	invested	invest	VERB
cblr-3021	279	20	toward	toward	ADP
cblr-3021	279	21	innovation	innovation	NOUN
cblr-3021	279	22	may	may	AUX
cblr-3021	279	23	well	well	ADV
cblr-3021	279	24	be	be	AUX
cblr-3021	279	25	fractional	fractional	ADJ
cblr-3021	279	26	compared	compare	VERB
cblr-3021	279	27	with	with	ADP
cblr-3021	279	28	these	these	DET
cblr-3021	279	29	consumption	consumption	NOUN
cblr-3021	279	30	desires	desire	NOUN
cblr-3021	279	31	.	.	PUNCT
cblr-3021	280	1	15	15	NUM
cblr-3021	280	2	u.s.c	u.s.c	NOUN
cblr-3021	280	3	.	.	PUNCT
cblr-3021	281	1	§	§	PROPN
cblr-3021	281	2	80a-6(a)(5)(a	80a-6(a)(5)(a	NUM
cblr-3021	281	3	)	)	PUNCT
cblr-3021	281	4	(	(	PUNCT
cblr-3021	281	5	2000	2000	NUM
cblr-3021	281	6	)	)	PUNCT
cblr-3021	281	7	.	.	PUNCT
cblr-3021	282	1	45	45	NUM
cblr-3021	283	1	i	i	PRON
cblr-3021	283	2	d.	d.	PROPN
cblr-3021	284	1	[	[	X
cblr-3021	284	2	vol	vol	NOUN
cblr-3021	284	3	.	.	PUNCT
cblr-3021	285	1	2004columbia	2004columbia	NUM
cblr-3021	285	2	business	business	NOUN
cblr-3021	285	3	la	la	PROPN
cblr-3021	285	4	w	w	PROPN
cblr-3021	285	5	review	review	PROPN
cblr-3021	285	6	venture	venture	NOUN
cblr-3021	285	7	capital	capital	NOUN
cblr-3021	285	8	formation	formation	NOUN
cblr-3021	285	9	and	and	CCONJ
cblr-3021	285	10	access	access	NOUN
cblr-3021	285	11	enterprises	enterprise	NOUN
cblr-3021	285	12	doing	do	VERB
cblr-3021	285	13	business	business	NOUN
cblr-3021	285	14	,	,	PUNCT
cblr-3021	285	15	or	or	CCONJ
cblr-3021	285	16	proposing	propose	VERB
cblr-3021	285	17	to	to	PART
cblr-3021	285	18	do	do	VERB
cblr-3021	285	19	so	so	ADV
cblr-3021	285	20	,	,	PUNCT
cblr-3021	285	21	in	in	ADP
cblr-3021	285	22	the	the	DET
cblr-3021	285	23	state.46	state.46	ADJ
cblr-3021	285	24	4	4	NUM
cblr-3021	285	25	.	.	PUNCT
cblr-3021	286	1	the	the	DET
cblr-3021	286	2	organizational	organizational	ADJ
cblr-3021	286	3	documents	document	NOUN
cblr-3021	286	4	of	of	ADP
cblr-3021	286	5	the	the	DET
cblr-3021	286	6	company	company	NOUN
cblr-3021	286	7	state	state	NOUN
cblr-3021	286	8	that	that	SCONJ
cblr-3021	286	9	its	its	PRON
cblr-3021	286	10	activities	activity	NOUN
cblr-3021	286	11	are	be	AUX
cblr-3021	286	12	limited	limit	VERB
cblr-3021	286	13	to	to	ADP
cblr-3021	286	14	the	the	DET
cblr-3021	286	15	promotion	promotion	NOUN
cblr-3021	286	16	of	of	ADP
cblr-3021	286	17	economic	economic	ADJ
cblr-3021	286	18	,	,	PUNCT
cblr-3021	286	19	business	business	NOUN
cblr-3021	286	20	,	,	PUNCT
cblr-3021	286	21	or	or	CCONJ
cblr-3021	286	22	industrial	industrial	ADJ
cblr-3021	286	23	development	development	NOUN
cblr-3021	286	24	in	in	ADP
cblr-3021	286	25	the	the	DET
cblr-3021	286	26	state	state	NOUN
cblr-3021	286	27	or	or	CCONJ
cblr-3021	286	28	to	to	ADP
cblr-3021	286	29	the	the	DET
cblr-3021	286	30	provision	provision	NOUN
cblr-3021	286	31	of	of	ADP
cblr-3021	286	32	financial	financial	ADJ
cblr-3021	286	33	or	or	CCONJ
cblr-3021	286	34	managerial	managerial	ADJ
cblr-3021	286	35	assistance	assistance	NOUN
cblr-3021	286	36	to	to	ADP
cblr-3021	286	37	enterprises	enterprise	NOUN
cblr-3021	286	38	doing	do	VERB
cblr-3021	286	39	business	business	NOUN
cblr-3021	286	40	,	,	PUNCT
cblr-3021	286	41	or	or	CCONJ
cblr-3021	286	42	proposing	propose	VERB
cblr-3021	286	43	to	to	PART
cblr-3021	286	44	do	do	VERB
cblr-3021	286	45	so	so	ADV
cblr-3021	286	46	,	,	PUNCT
cblr-3021	286	47	in	in	ADP
cblr-3021	286	48	the	the	DET
cblr-3021	286	49	state.47	state.47	NOUN
cblr-3021	286	50	5	5	NUM
cblr-3021	286	51	.	.	PUNCT
cblr-3021	286	52	at	at	ADV
cblr-3021	286	53	least	least	ADV
cblr-3021	286	54	80	80	NUM
cblr-3021	286	55	%	%	NOUN
cblr-3021	286	56	of	of	ADP
cblr-3021	286	57	the	the	DET
cblr-3021	286	58	securities	security	NOUN
cblr-3021	286	59	of	of	ADP
cblr-3021	286	60	the	the	DET
cblr-3021	286	61	company	company	NOUN
cblr-3021	286	62	must	must	AUX
cblr-3021	286	63	be	be	AUX
cblr-3021	286	64	offered	offer	VERB
cblr-3021	286	65	and	and	CCONJ
cblr-3021	286	66	sold	sell	VERB
cblr-3021	286	67	to	to	ADP
cblr-3021	286	68	residents	resident	NOUN
cblr-3021	286	69	of	of	ADP
cblr-3021	286	70	the	the	DET
cblr-3021	286	71	state	state	NOUN
cblr-3021	286	72	or	or	CCONJ
cblr-3021	286	73	persons	person	NOUN
cblr-3021	286	74	having	have	VERB
cblr-3021	286	75	a	a	DET
cblr-3021	286	76	substantial	substantial	ADJ
cblr-3021	286	77	business	business	NOUN
cblr-3021	286	78	presence	presence	NOUN
cblr-3021	286	79	in	in	ADP
cblr-3021	286	80	the	the	DET
cblr-3021	286	81	state.48	state.48	PROPN
cblr-3021	286	82	6	6	NUM
cblr-3021	286	83	.	.	PUNCT
cblr-3021	287	1	all	all	PRON
cblr-3021	287	2	of	of	ADP
cblr-3021	287	3	the	the	DET
cblr-3021	287	4	investors	investor	NOUN
cblr-3021	287	5	must	must	AUX
cblr-3021	287	6	be	be	AUX
cblr-3021	287	7	accredited	accredit	VERB
cblr-3021	287	8	investors	investor	NOUN
cblr-3021	287	9	as	as	SCONJ
cblr-3021	287	10	defined	define	VERB
cblr-3021	287	11	in	in	ADP
cblr-3021	287	12	§	§	PROPN
cblr-3021	287	13	2(a)(15	2(a)(15	NUM
cblr-3021	287	14	)	)	PUNCT
cblr-3021	287	15	of	of	ADP
cblr-3021	287	16	the	the	DET
cblr-3021	287	17	securities	security	NOUN
cblr-3021	287	18	act	act	NOUN
cblr-3021	287	19	of	of	ADP
cblr-3021	287	20	1933.49	1933.49	NUM
cblr-3021	287	21	7	7	NUM
cblr-3021	287	22	.	.	PUNCT
cblr-3021	288	1	the	the	DET
cblr-3021	288	2	company	company	NOUN
cblr-3021	288	3	does	do	AUX
cblr-3021	288	4	not	not	PART
cblr-3021	288	5	purchase	purchase	VERB
cblr-3021	288	6	securities	security	NOUN
cblr-3021	288	7	issued	issue	VERB
cblr-3021	288	8	by	by	ADP
cblr-3021	288	9	an	an	DET
cblr-3021	288	10	investment	investment	NOUN
cblr-3021	288	11	company	company	NOUN
cblr-3021	288	12	registered	register	VERB
cblr-3021	288	13	under	under	ADP
cblr-3021	288	14	the	the	DET
cblr-3021	288	15	'	'	NUM
cblr-3021	288	16	40	40	NUM
cblr-3021	288	17	act	act	NOUN
cblr-3021	288	18	.	.	PUNCT
cblr-3021	289	1	50	50	NUM
cblr-3021	289	2	8	8	NUM
cblr-3021	289	3	.	.	PUNCT
cblr-3021	290	1	the	the	DET
cblr-3021	290	2	company	company	NOUN
cblr-3021	290	3	files	file	VERB
cblr-3021	290	4	a	a	DET
cblr-3021	290	5	notification	notification	NOUN
cblr-3021	290	6	with	with	ADP
cblr-3021	290	7	the	the	DET
cblr-3021	290	8	sec	sec	PROPN
cblr-3021	290	9	that	that	SCONJ
cblr-3021	290	10	it	it	PRON
cblr-3021	290	11	intends	intend	VERB
cblr-3021	290	12	to	to	PART
cblr-3021	290	13	rely	rely	VERB
cblr-3021	290	14	on	on	ADP
cblr-3021	290	15	the	the	DET
cblr-3021	290	16	exemption	exemption	NOUN
cblr-3021	290	17	provided	provide	VERB
cblr-3021	290	18	in	in	ADP
cblr-3021	290	19	§	§	PROPN
cblr-3021	290	20	6(a)(5).51	6(a)(5).51	NUM
cblr-3021	290	21	9	9	NUM
cblr-3021	290	22	.	.	PUNCT
cblr-3021	291	1	the	the	DET
cblr-3021	291	2	exemption	exemption	NOUN
cblr-3021	291	3	is	be	AUX
cblr-3021	291	4	subject	subject	ADJ
cblr-3021	291	5	to	to	ADP
cblr-3021	291	6	any	any	DET
cblr-3021	291	7	additional	additional	ADJ
cblr-3021	291	8	terms	term	NOUN
cblr-3021	291	9	or	or	CCONJ
cblr-3021	291	10	conditions	condition	NOUN
cblr-3021	291	11	that	that	PRON
cblr-3021	291	12	the	the	DET
cblr-3021	291	13	sec	sec	PROPN
cblr-3021	291	14	may	may	AUX
cblr-3021	291	15	adopt	adopt	VERB
cblr-3021	291	16	by	by	ADP
cblr-3021	291	17	rule	rule	NOUN
cblr-3021	291	18	,	,	PUNCT
cblr-3021	291	19	regulation	regulation	NOUN
cblr-3021	291	20	,	,	PUNCT
cblr-3021	291	21	or	or	CCONJ
cblr-3021	291	22	order.5	order.5	PRON
cblr-3021	291	23	2	2	NUM
cblr-3021	291	24	the	the	DET
cblr-3021	291	25	bill	bill	NOUN
cblr-3021	291	26	garnered	garner	VERB
cblr-3021	291	27	bipartisan	bipartisan	ADJ
cblr-3021	291	28	support	support	NOUN
cblr-3021	291	29	as	as	ADP
cblr-3021	291	30	a	a	DET
cblr-3021	291	31	"	"	PUNCT
cblr-3021	291	32	prudent	prudent	ADJ
cblr-3021	291	33	means	mean	NOUN
cblr-3021	291	34	by	by	ADP
cblr-3021	291	35	which	which	PRON
cblr-3021	291	36	congress	congress	PROPN
cblr-3021	291	37	can	can	AUX
cblr-3021	291	38	help	help	VERB
cblr-3021	291	39	sustain	sustain	VERB
cblr-3021	291	40	and	and	CCONJ
cblr-3021	291	41	or	or	CCONJ
cblr-3021	291	42	even	even	ADV
cblr-3021	291	43	increase	increase	VERB
cblr-3021	291	44	the	the	DET
cblr-3021	291	45	46	46	NUM
cblr-3021	291	46	i	i	NOUN
cblr-3021	291	47	d.	d.	PROPN
cblr-3021	291	48	47	47	NUM
cblr-3021	292	1	i	i	PROPN
cblr-3021	292	2	d.	d.	PROPN
cblr-3021	292	3	§	§	PROPN
cblr-3021	292	4	80a-6(a)(5)(a)(i	80a-6(a)(5)(a)(i	NUM
cblr-3021	292	5	)	)	PUNCT
cblr-3021	292	6	.	.	PUNCT
cblr-3021	293	1	4	4	NUM
cblr-3021	294	1	i	i	PROPN
cblr-3021	294	2	d.	d.	PROPN
cblr-3021	294	3	§	§	PROPN
cblr-3021	294	4	80a-6(a)(5)(a)(ii	80a-6(a)(5)(a)(ii	NUM
cblr-3021	294	5	)	)	PUNCT
cblr-3021	294	6	.	.	PUNCT
cblr-3021	295	1	49	49	NUM
cblr-3021	296	1	i	i	PRON
cblr-3021	296	2	d.	d.	PROPN
cblr-3021	296	3	§	§	PROPN
cblr-3021	296	4	80a-6(a)(5)(a)(iii	80a-6(a)(5)(a)(iii	NUM
cblr-3021	296	5	)	)	PUNCT
cblr-3021	296	6	.	.	PUNCT
cblr-3021	297	1	50	50	NUM
cblr-3021	298	1	i	i	PRON
cblr-3021	298	2	d.	d.	PROPN
cblr-3021	298	3	§	§	PROPN
cblr-3021	298	4	80a-6(a)(5)(a)(iv	80a-6(a)(5)(a)(iv	NUM
cblr-3021	298	5	)	)	PUNCT
cblr-3021	298	6	.	.	PUNCT
cblr-3021	299	1	51	51	NUM
cblr-3021	300	1	i	i	PRON
cblr-3021	300	2	d.	d.	PROPN
cblr-3021	300	3	§	§	PROPN
cblr-3021	300	4	80a-6(a)(5)(c	80a-6(a)(5)(c	PROPN
cblr-3021	300	5	)	)	PUNCT
cblr-3021	300	6	.	.	PUNCT
cblr-3021	301	1	52	52	NUM
cblr-3021	302	1	i	i	PRON
cblr-3021	302	2	d.	d.	PROPN
cblr-3021	302	3	§	§	PROPN
cblr-3021	302	4	80a-6(a)(5)(e	80a-6(a)(5)(e	NUM
cblr-3021	302	5	)	)	PUNCT
cblr-3021	302	6	.	.	PUNCT
cblr-3021	303	1	no	no	INTJ
cblr-3021	303	2	.	.	PUNCT
cblr-3021	304	1	1:77	1:77	NUM
cblr-3021	304	2	]	]	PUNCT
cblr-3021	304	3	nation	nation	NOUN
cblr-3021	304	4	's	's	PART
cblr-3021	304	5	rate	rate	NOUN
cblr-3021	304	6	of	of	ADP
cblr-3021	304	7	economic	economic	ADJ
cblr-3021	304	8	growth	growth	NOUN
cblr-3021	304	9	"	"	PUNCT
cblr-3021	304	10	3	3	NUM
cblr-3021	304	11	and	and	CCONJ
cblr-3021	304	12	a	a	DET
cblr-3021	304	13	vehicle	vehicle	NOUN
cblr-3021	304	14	to	to	PART
cblr-3021	304	15	"	"	PUNCT
cblr-3021	304	16	help	help	VERB
cblr-3021	304	17	venture	venture	NOUN
cblr-3021	304	18	capitalists	capitalist	NOUN
cblr-3021	304	19	tap	tap	VERB
cblr-3021	304	20	the	the	DET
cblr-3021	304	21	capital	capital	NOUN
cblr-3021	304	22	markets	market	NOUN
cblr-3021	304	23	to	to	PART
cblr-3021	304	24	fund	fund	VERB
cblr-3021	304	25	business	business	NOUN
cblr-3021	304	26	endeavors	endeavor	NOUN
cblr-3021	304	27	.	.	PUNCT
cblr-3021	305	1	"54	"54	AUX
cblr-3021	305	2	the	the	DET
cblr-3021	305	3	impetus	impetus	NOUN
cblr-3021	305	4	shifted	shift	VERB
cblr-3021	305	5	to	to	ADP
cblr-3021	305	6	the	the	DET
cblr-3021	305	7	state	state	NOUN
cblr-3021	305	8	legislatures	legislature	NOUN
cblr-3021	305	9	to	to	PART
cblr-3021	305	10	determine	determine	VERB
cblr-3021	305	11	what	what	PRON
cblr-3021	305	12	regulatory	regulatory	ADJ
cblr-3021	305	13	oversight	oversight	NOUN
cblr-3021	305	14	may	may	AUX
cblr-3021	305	15	be	be	AUX
cblr-3021	305	16	warranted	warrant	VERB
cblr-3021	305	17	.	.	PUNCT
cblr-3021	306	1	2	2	X
cblr-3021	306	2	.	.	X
cblr-3021	306	3	analysis	analysis	NOUN
cblr-3021	306	4	of	of	ADP
cblr-3021	306	5	the	the	DET
cblr-3021	306	6	nsmia	nsmia	NOUN
cblr-3021	306	7	the	the	DET
cblr-3021	306	8	four	four	NUM
cblr-3021	306	9	major	major	ADJ
cblr-3021	306	10	capital	capital	NOUN
cblr-3021	306	11	formation	formation	NOUN
cblr-3021	306	12	reforms	reform	NOUN
cblr-3021	306	13	enacted	enact	VERB
cblr-3021	306	14	in	in	ADP
cblr-3021	306	15	the	the	DET
cblr-3021	306	16	nsmia	nsmia	NOUN
cblr-3021	306	17	contain	contain	VERB
cblr-3021	306	18	key	key	ADJ
cblr-3021	306	19	limitations	limitation	NOUN
cblr-3021	306	20	and	and	CCONJ
cblr-3021	306	21	therefore	therefore	ADV
cblr-3021	306	22	have	have	AUX
cblr-3021	306	23	not	not	PART
cblr-3021	306	24	produced	produce	VERB
cblr-3021	306	25	the	the	DET
cblr-3021	306	26	intended	intend	VERB
cblr-3021	306	27	results	result	NOUN
cblr-3021	306	28	(	(	PUNCT
cblr-3021	306	29	for	for	ADP
cblr-3021	306	30	an	an	DET
cblr-3021	306	31	explanatory	explanatory	ADJ
cblr-3021	306	32	chart	chart	NOUN
cblr-3021	306	33	of	of	ADP
cblr-3021	306	34	the	the	DET
cblr-3021	306	35	four	four	NUM
cblr-3021	306	36	reforms	reform	NOUN
cblr-3021	306	37	,	,	PUNCT
cblr-3021	306	38	see	see	VERB
cblr-3021	306	39	table	table	NOUN
cblr-3021	306	40	4	4	NUM
cblr-3021	306	41	infra	infra	NOUN
cblr-3021	306	42	)	)	PUNCT
cblr-3021	306	43	.	.	PUNCT
cblr-3021	307	1	there	there	PRON
cblr-3021	307	2	are	be	VERB
cblr-3021	307	3	three	three	NUM
cblr-3021	307	4	exemptions	exemption	NOUN
cblr-3021	307	5	,	,	PUNCT
cblr-3021	307	6	two	two	NUM
cblr-3021	307	7	of	of	ADP
cblr-3021	307	8	which	which	PRON
cblr-3021	307	9	are	be	AUX
cblr-3021	307	10	largely	largely	ADV
cblr-3021	307	11	ineffectual	ineffectual	ADJ
cblr-3021	307	12	.	.	PUNCT
cblr-3021	308	1	the	the	DET
cblr-3021	308	2	third	third	ADJ
cblr-3021	308	3	exemption	exemption	NOUN
cblr-3021	308	4	is	be	AUX
cblr-3021	308	5	the	the	DET
cblr-3021	308	6	§	§	PROPN
cblr-3021	308	7	6(a)(5	6(a)(5	NUM
cblr-3021	308	8	)	)	PUNCT
cblr-3021	308	9	amendment	amendment	NOUN
cblr-3021	308	10	to	to	ADP
cblr-3021	308	11	the	the	DET
cblr-3021	308	12	'	'	NUM
cblr-3021	308	13	40	40	NUM
cblr-3021	308	14	act	act	NOUN
cblr-3021	308	15	,	,	PUNCT
cblr-3021	308	16	which	which	PRON
cblr-3021	308	17	has	have	VERB
cblr-3021	308	18	the	the	DET
cblr-3021	308	19	most	most	ADJ
cblr-3021	308	20	promise	promise	NOUN
cblr-3021	308	21	.	.	PUNCT
cblr-3021	309	1	in	in	ADP
cblr-3021	309	2	addition	addition	NOUN
cblr-3021	309	3	,	,	PUNCT
cblr-3021	309	4	the	the	DET
cblr-3021	309	5	nsmia	nsmia	NOUN
cblr-3021	309	6	attempted	attempt	VERB
cblr-3021	309	7	to	to	PART
cblr-3021	309	8	liberalize	liberalize	VERB
cblr-3021	309	9	regulation	regulation	NOUN
cblr-3021	309	10	of	of	ADP
cblr-3021	309	11	bdcs	bdcs	PROPN
cblr-3021	309	12	,	,	PUNCT
cblr-3021	309	13	which	which	PRON
cblr-3021	309	14	has	have	AUX
cblr-3021	309	15	not	not	PART
cblr-3021	309	16	produced	produce	VERB
cblr-3021	309	17	favorable	favorable	ADJ
cblr-3021	309	18	results	result	NOUN
cblr-3021	309	19	.	.	PUNCT
cblr-3021	310	1	the	the	DET
cblr-3021	310	2	following	follow	VERB
cblr-3021	310	3	analysis	analysis	NOUN
cblr-3021	310	4	confirms	confirm	VERB
cblr-3021	310	5	that	that	SCONJ
cblr-3021	310	6	the	the	DET
cblr-3021	310	7	§	§	PROPN
cblr-3021	310	8	6(a)(5	6(a)(5	PROPN
cblr-3021	310	9	)	)	PUNCT
cblr-3021	310	10	exemption	exemption	NOUN
cblr-3021	310	11	,	,	PUNCT
cblr-3021	310	12	coupled	couple	VERB
cblr-3021	310	13	with	with	ADP
cblr-3021	310	14	state	state	NOUN
cblr-3021	310	15	enabling	enable	VERB
cblr-3021	310	16	acts	act	NOUN
cblr-3021	310	17	such	such	ADJ
cblr-3021	310	18	as	as	ADP
cblr-3021	310	19	california	california	PROPN
cblr-3021	310	20	's	's	PART
cblr-3021	310	21	capital	capital	NOUN
cblr-3021	310	22	access	access	NOUN
cblr-3021	310	23	company	company	NOUN
cblr-3021	310	24	law	law	NOUN
cblr-3021	310	25	(	(	PUNCT
cblr-3021	310	26	"	"	PUNCT
cblr-3021	310	27	cacl	cacl	PROPN
cblr-3021	310	28	"	"	PUNCT
cblr-3021	310	29	)	)	PUNCT
cblr-3021	310	30	,	,	PUNCT
cblr-3021	310	31	potentially	potentially	ADV
cblr-3021	310	32	offers	offer	VERB
cblr-3021	310	33	the	the	DET
cblr-3021	310	34	only	only	ADJ
cblr-3021	310	35	measure	measure	NOUN
cblr-3021	310	36	of	of	ADP
cblr-3021	310	37	regulatory	regulatory	ADJ
cblr-3021	310	38	relief	relief	NOUN
cblr-3021	310	39	to	to	PART
cblr-3021	310	40	venture	venture	VERB
cblr-3021	310	41	capital	capital	NOUN
cblr-3021	310	42	formation	formation	NOUN
cblr-3021	310	43	in	in	ADP
cblr-3021	310	44	the	the	DET
cblr-3021	310	45	nsmia	nsmia	NOUN
cblr-3021	310	46	.	.	PUNCT
cblr-3021	311	1	(	(	PUNCT
cblr-3021	311	2	i	i	NOUN
cblr-3021	311	3	)	)	PUNCT
cblr-3021	311	4	the	the	DET
cblr-3021	311	5	intrastate	intrastate	ADJ
cblr-3021	311	6	exemption	exemption	NOUN
cblr-3021	311	7	the	the	DET
cblr-3021	311	8	nsmia	nsmia	PROPN
cblr-3021	311	9	increased	increase	VERB
cblr-3021	311	10	the	the	DET
cblr-3021	311	11	size	size	NOUN
cblr-3021	311	12	of	of	ADP
cblr-3021	311	13	the	the	DET
cblr-3021	311	14	intrastate	intrastate	ADJ
cblr-3021	311	15	exemption	exemption	NOUN
cblr-3021	311	16	from	from	ADP
cblr-3021	311	17	an	an	DET
cblr-3021	311	18	aggregate	aggregate	ADJ
cblr-3021	311	19	amount	amount	NOUN
cblr-3021	311	20	of	of	ADP
cblr-3021	311	21	$	$	SYM
cblr-3021	311	22	100,000	100,000	NUM
cblr-3021	311	23	to	to	PART
cblr-3021	311	24	$	$	SYM
cblr-3021	311	25	10	10	NUM
cblr-3021	311	26	million.55	million.55	NOUN
cblr-3021	311	27	in	in	ADP
cblr-3021	311	28	addition	addition	NOUN
cblr-3021	311	29	,	,	PUNCT
cblr-3021	311	30	any	any	DET
cblr-3021	311	31	securities	security	NOUN
cblr-3021	311	32	offering	offering	NOUN
cblr-3021	311	33	still	still	ADV
cblr-3021	311	34	must	must	AUX
cblr-3021	311	35	be	be	AUX
cblr-3021	311	36	completely	completely	ADV
cblr-3021	311	37	intrastate.56	intrastate.56	VERB
cblr-3021	311	38	however	however	ADV
cblr-3021	311	39	,	,	PUNCT
cblr-3021	311	40	the	the	DET
cblr-3021	311	41	bare	bare	ADJ
cblr-3021	311	42	minimum	minimum	ADJ
cblr-3021	311	43	threshold	threshold	NOUN
cblr-3021	311	44	for	for	ADP
cblr-3021	311	45	operating	operate	VERB
cblr-3021	311	46	a	a	DET
cblr-3021	311	47	venture	venture	NOUN
cblr-3021	311	48	capital	capital	NOUN
cblr-3021	311	49	fund	fund	NOUN
cblr-3021	311	50	is	be	AUX
cblr-3021	311	51	around	around	ADV
cblr-3021	311	52	$	$	SYM
cblr-3021	311	53	10	10	NUM
cblr-3021	311	54	million	million	NUM
cblr-3021	311	55	and	and	CCONJ
cblr-3021	311	56	most	most	ADJ
cblr-3021	311	57	require	require	VERB
cblr-3021	311	58	closer	close	ADV
cblr-3021	311	59	to	to	PART
cblr-3021	311	60	$	$	SYM
cblr-3021	311	61	100	100	NUM
cblr-3021	311	62	million	million	NUM
cblr-3021	311	63	to	to	PART
cblr-3021	311	64	remain	remain	VERB
cblr-3021	311	65	viable	viable	ADJ
cblr-3021	311	66	long	long	ADJ
cblr-3021	311	67	-	-	PUNCT
cblr-3021	311	68	term	term	NOUN
cblr-3021	311	69	.	.	PUNCT
cblr-3021	312	1	57	57	NUM
cblr-3021	312	2	as	as	ADP
cblr-3021	312	3	a	a	DET
cblr-3021	312	4	result	result	NOUN
cblr-3021	312	5	,	,	PUNCT
cblr-3021	312	6	most	most	ADJ
cblr-3021	312	7	venture	venture	NOUN
cblr-3021	312	8	capital	capital	NOUN
cblr-3021	312	9	funds	fund	NOUN
cblr-3021	312	10	53	53	NUM
cblr-3021	312	11	142	142	NUM
cblr-3021	312	12	cong	cong	NOUN
cblr-3021	312	13	.	.	PUNCT
cblr-3021	313	1	rec	rec	PROPN
cblr-3021	313	2	.	.	PROPN
cblr-3021	313	3	s12,094	s12,094	PROPN
cblr-3021	313	4	(	(	PUNCT
cblr-3021	313	5	1996	1996	NUM
cblr-3021	313	6	)	)	PUNCT
cblr-3021	313	7	(	(	PUNCT
cblr-3021	313	8	statement	statement	NOUN
cblr-3021	313	9	of	of	ADP
cblr-3021	313	10	sen	sen	PROPN
cblr-3021	313	11	.	.	PROPN
cblr-3021	313	12	christopher	christopher	PROPN
cblr-3021	313	13	dodd	dodd	PROPN
cblr-3021	313	14	)	)	PUNCT
cblr-3021	313	15	.	.	PUNCT
cblr-3021	314	1	142	142	NUM
cblr-3021	314	2	cong	cong	NOUN
cblr-3021	314	3	.	.	PUNCT
cblr-3021	315	1	rec	rec	PROPN
cblr-3021	315	2	.	.	PROPN
cblr-3021	315	3	s12,093	s12,093	PROPN
cblr-3021	315	4	(	(	PUNCT
cblr-3021	315	5	1996	1996	NUM
cblr-3021	315	6	)	)	PUNCT
cblr-3021	315	7	(	(	PUNCT
cblr-3021	315	8	statement	statement	NOUN
cblr-3021	315	9	of	of	ADP
cblr-3021	315	10	sen	sen	PROPN
cblr-3021	315	11	.	.	PROPN
cblr-3021	315	12	alfonse	alfonse	PROPN
cblr-3021	315	13	d'amato	d'amato	PROPN
cblr-3021	315	14	)	)	PUNCT
cblr-3021	315	15	.	.	PUNCT
cblr-3021	315	16	'	'	PUNCT
cblr-3021	316	1	national	national	ADJ
cblr-3021	316	2	securities	security	NOUN
cblr-3021	316	3	markets	market	NOUN
cblr-3021	316	4	improvement	improvement	PROPN
cblr-3021	316	5	act	act	NOUN
cblr-3021	316	6	of	of	ADP
cblr-3021	316	7	1996	1996	NUM
cblr-3021	316	8	,	,	PUNCT
cblr-3021	316	9	pub	pub	NOUN
cblr-3021	316	10	.	.	PUNCT
cblr-3021	317	1	l.	l.	PROPN
cblr-3021	317	2	no	no	INTJ
cblr-3021	317	3	.	.	PROPN
cblr-3021	318	1	104	104	NUM
cblr-3021	318	2	-	-	SYM
cblr-3021	318	3	290	290	NUM
cblr-3021	318	4	,	,	PUNCT
cblr-3021	318	5	§	§	PROPN
cblr-3021	318	6	502	502	NUM
cblr-3021	318	7	,	,	PUNCT
cblr-3021	318	8	110	110	NUM
cblr-3021	318	9	stat	stat	NOUN
cblr-3021	318	10	.	.	PUNCT
cblr-3021	319	1	3416	3416	NUM
cblr-3021	319	2	,	,	PUNCT
cblr-3021	319	3	3445	3445	NUM
cblr-3021	319	4	(	(	PUNCT
cblr-3021	319	5	codified	codify	VERB
cblr-3021	319	6	at	at	ADP
cblr-3021	319	7	15	15	NUM
cblr-3021	319	8	u.s.c	u.s.c	ADJ
cblr-3021	319	9	.	.	PUNCT
cblr-3021	320	1	§	§	PROPN
cblr-3021	320	2	80a-6(d)(1	80a-6(d)(1	NUM
cblr-3021	320	3	)	)	PUNCT
cblr-3021	320	4	(	(	PUNCT
cblr-3021	320	5	2000	2000	NUM
cblr-3021	320	6	)	)	PUNCT
cblr-3021	320	7	)	)	PUNCT
cblr-3021	320	8	.	.	PUNCT
cblr-3021	321	1	56	56	NUM
cblr-3021	321	2	see	see	VERB
cblr-3021	321	3	15	15	NUM
cblr-3021	321	4	u.s.c	u.s.c	ADJ
cblr-3021	321	5	.	.	PUNCT
cblr-3021	322	1	§	§	PROPN
cblr-3021	322	2	80a-6(d)(2	80a-6(d)(2	PROPN
cblr-3021	322	3	)	)	PUNCT
cblr-3021	322	4	(	(	PUNCT
cblr-3021	322	5	2000	2000	NUM
cblr-3021	322	6	)	)	PUNCT
cblr-3021	322	7	.	.	PUNCT
cblr-3021	322	8	"	"	PUNCT
cblr-3021	323	1	see	see	VERB
cblr-3021	323	2	bristow	bristow	PROPN
cblr-3021	323	3	&	&	CCONJ
cblr-3021	323	4	petillon	petillon	PROPN
cblr-3021	323	5	,	,	PUNCT
cblr-3021	323	6	supra	supra	PROPN
cblr-3021	323	7	note	note	NOUN
cblr-3021	323	8	5	5	NUM
cblr-3021	323	9	,	,	PUNCT
cblr-3021	323	10	at	at	ADP
cblr-3021	323	11	402	402	NUM
cblr-3021	323	12	n.61	n.61	NOUN
cblr-3021	323	13	.	.	PUNCT
cblr-3021	324	1	based	base	VERB
cblr-3021	324	2	on	on	ADP
cblr-3021	324	3	a	a	DET
cblr-3021	324	4	typical	typical	ADJ
cblr-3021	324	5	annual	annual	ADJ
cblr-3021	324	6	management	management	NOUN
cblr-3021	324	7	fee	fee	NOUN
cblr-3021	324	8	of	of	ADP
cblr-3021	324	9	2.5	2.5	NUM
cblr-3021	324	10	%	%	NOUN
cblr-3021	324	11	of	of	ADP
cblr-3021	324	12	assets	asset	NOUN
cblr-3021	324	13	,	,	PUNCT
cblr-3021	324	14	a	a	DET
cblr-3021	324	15	$	$	SYM
cblr-3021	324	16	10	10	NUM
cblr-3021	324	17	million	million	NUM
cblr-3021	324	18	fund	fund	NOUN
cblr-3021	324	19	would	would	AUX
cblr-3021	324	20	columbia	columbia	PROPN
cblr-3021	324	21	business	business	PROPN
cblr-3021	324	22	la	la	PROPN
cblr-3021	324	23	w	w	PROPN
cblr-3021	324	24	review	review	NOUN
cblr-3021	324	25	[	[	X
cblr-3021	324	26	vol	vol	NOUN
cblr-3021	324	27	.	.	PUNCT
cblr-3021	324	28	2004	2004	NUM
cblr-3021	324	29	venture	venture	NOUN
cblr-3021	324	30	capital	capital	NOUN
cblr-3021	324	31	formation	formation	NOUN
cblr-3021	324	32	and	and	CCONJ
cblr-3021	324	33	access	access	NOUN
cblr-3021	324	34	can	can	AUX
cblr-3021	324	35	not	not	PART
cblr-3021	324	36	use	use	VERB
cblr-3021	324	37	this	this	DET
cblr-3021	324	38	exemption	exemption	NOUN
cblr-3021	324	39	.	.	PUNCT
cblr-3021	325	1	58	58	NUM
cblr-3021	325	2	those	those	DET
cblr-3021	325	3	funds	fund	NOUN
cblr-3021	325	4	that	that	PRON
cblr-3021	325	5	attempt	attempt	VERB
cblr-3021	325	6	to	to	PART
cblr-3021	325	7	do	do	VERB
cblr-3021	325	8	so	so	ADV
cblr-3021	325	9	must	must	AUX
cblr-3021	325	10	remain	remain	VERB
cblr-3021	325	11	exceedingly	exceedingly	ADV
cblr-3021	325	12	small	small	ADJ
cblr-3021	325	13	in	in	ADP
cblr-3021	325	14	size	size	NOUN
cblr-3021	325	15	,	,	PUNCT
cblr-3021	325	16	enduring	endure	VERB
cblr-3021	325	17	the	the	DET
cblr-3021	325	18	inefficiencies	inefficiency	NOUN
cblr-3021	325	19	that	that	PRON
cblr-3021	325	20	entails	entail	VERB
cblr-3021	325	21	,	,	PUNCT
cblr-3021	325	22	and	and	CCONJ
cblr-3021	325	23	local	local	ADJ
cblr-3021	325	24	with	with	ADP
cblr-3021	325	25	their	their	PRON
cblr-3021	325	26	purchasers	purchaser	NOUN
cblr-3021	325	27	.	.	PUNCT
cblr-3021	326	1	9	9	NUM
cblr-3021	326	2	(	(	PUNCT
cblr-3021	326	3	ii	ii	NOUN
cblr-3021	326	4	)	)	PUNCT
cblr-3021	326	5	qualified	qualified	ADJ
cblr-3021	326	6	purchasers	purchaser	NOUN
cblr-3021	326	7	the	the	DET
cblr-3021	326	8	nsmia	nsmia	NOUN
cblr-3021	326	9	also	also	ADV
cblr-3021	326	10	creates	create	VERB
cblr-3021	326	11	an	an	DET
cblr-3021	326	12	exemption	exemption	NOUN
cblr-3021	326	13	for	for	ADP
cblr-3021	326	14	investment	investment	NOUN
cblr-3021	326	15	companies	company	NOUN
cblr-3021	326	16	whose	whose	DET
cblr-3021	326	17	securities	security	NOUN
cblr-3021	326	18	are	be	AUX
cblr-3021	326	19	owned	own	VERB
cblr-3021	326	20	by	by	ADP
cblr-3021	326	21	"	"	PUNCT
cblr-3021	326	22	qualified	qualified	ADJ
cblr-3021	326	23	purchasers	purchaser	NOUN
cblr-3021	326	24	"	"	PUNCT
cblr-3021	326	25	and	and	CCONJ
cblr-3021	326	26	are	be	AUX
cblr-3021	326	27	not	not	PART
cblr-3021	326	28	publicly	publicly	ADV
cblr-3021	326	29	offered	offer	VERB
cblr-3021	326	30	.	.	PUNCT
cblr-3021	327	1	6	6	NUM
cblr-3021	327	2	'	'	PUNCT
cblr-3021	327	3	however	however	ADV
cblr-3021	327	4	,	,	PUNCT
cblr-3021	327	5	the	the	DET
cblr-3021	327	6	legislation	legislation	NOUN
cblr-3021	327	7	defines	define	VERB
cblr-3021	327	8	"	"	PUNCT
cblr-3021	327	9	qualified	qualified	ADJ
cblr-3021	327	10	purchasers	purchaser	NOUN
cblr-3021	327	11	"	"	PUNCT
cblr-3021	327	12	as	as	ADP
cblr-3021	327	13	natural	natural	ADJ
cblr-3021	327	14	persons	person	NOUN
cblr-3021	327	15	who	who	PRON
cblr-3021	327	16	own	own	VERB
cblr-3021	327	17	at	at	ADV
cblr-3021	327	18	least	least	ADV
cblr-3021	327	19	$	$	SYM
cblr-3021	327	20	5	5	NUM
cblr-3021	327	21	million	million	NUM
cblr-3021	327	22	in	in	ADP
cblr-3021	327	23	investments	investment	NOUN
cblr-3021	327	24	or	or	CCONJ
cblr-3021	327	25	institutions	institution	NOUN
cblr-3021	327	26	that	that	PRON
cblr-3021	327	27	own	own	VERB
cblr-3021	327	28	at	at	ADV
cblr-3021	327	29	least	least	ADV
cblr-3021	327	30	$	$	SYM
cblr-3021	327	31	25	25	NUM
cblr-3021	327	32	million	million	NUM
cblr-3021	327	33	in	in	ADP
cblr-3021	327	34	investments	investment	NOUN
cblr-3021	327	35	.	.	PUNCT
cblr-3021	328	1	61	61	NUM
cblr-3021	328	2	unlike	unlike	ADP
cblr-3021	328	3	§	§	PROPN
cblr-3021	328	4	6(a)(5	6(a)(5	NUM
cblr-3021	328	5	)	)	PUNCT
cblr-3021	328	6	,	,	PUNCT
cblr-3021	328	7	the	the	DET
cblr-3021	328	8	exemption	exemption	NOUN
cblr-3021	328	9	does	do	AUX
cblr-3021	328	10	not	not	PART
cblr-3021	328	11	require	require	VERB
cblr-3021	328	12	state	state	NOUN
cblr-3021	328	13	regulation	regulation	NOUN
cblr-3021	328	14	.	.	PUNCT
cblr-3021	329	1	however	however	ADV
cblr-3021	329	2	,	,	PUNCT
cblr-3021	329	3	the	the	DET
cblr-3021	329	4	high	high	ADJ
cblr-3021	329	5	threshold	threshold	NOUN
cblr-3021	329	6	limits	limit	VERB
cblr-3021	329	7	its	its	PRON
cblr-3021	329	8	efficacy	efficacy	NOUN
cblr-3021	329	9	since	since	SCONJ
cblr-3021	329	10	individuals	individual	NOUN
cblr-3021	329	11	and	and	CCONJ
cblr-3021	329	12	institutions	institution	NOUN
cblr-3021	329	13	that	that	PRON
cblr-3021	329	14	wealthy	wealthy	ADJ
cblr-3021	329	15	can	can	AUX
cblr-3021	329	16	instead	instead	ADV
cblr-3021	329	17	use	use	VERB
cblr-3021	329	18	the	the	DET
cblr-3021	329	19	less	less	ADJ
cblr-3021	329	20	than	than	ADP
cblr-3021	329	21	one	one	NUM
cblr-3021	329	22	hundred	hundred	NUM
cblr-3021	329	23	owner	owner	NOUN
cblr-3021	329	24	exemption	exemption	NOUN
cblr-3021	329	25	provided	provide	VERB
cblr-3021	329	26	by	by	ADP
cblr-3021	329	27	§	§	PROPN
cblr-3021	329	28	3(c)(1	3(c)(1	NUM
cblr-3021	329	29	)	)	PUNCT
cblr-3021	329	30	of	of	ADP
cblr-3021	329	31	the	the	DET
cblr-3021	329	32	'	'	NUM
cblr-3021	329	33	40	40	NUM
cblr-3021	329	34	act	act	NOUN
cblr-3021	329	35	because	because	SCONJ
cblr-3021	329	36	the	the	DET
cblr-3021	329	37	accredited	accredit	VERB
cblr-3021	329	38	investor	investor	NOUN
cblr-3021	329	39	threshold	threshold	NOUN
cblr-3021	329	40	is	be	AUX
cblr-3021	329	41	lower	low	ADJ
cblr-3021	329	42	than	than	ADP
cblr-3021	329	43	the	the	DET
cblr-3021	329	44	qualified	qualified	ADJ
cblr-3021	329	45	purchaser	purchaser	NOUN
cblr-3021	329	46	criteria	criterion	NOUN
cblr-3021	329	47	.	.	PUNCT
cblr-3021	330	1	(	(	PUNCT
cblr-3021	330	2	iii	iii	NOUN
cblr-3021	330	3	)	)	PUNCT
cblr-3021	330	4	added	add	VERB
cblr-3021	330	5	flexibility	flexibility	NOUN
cblr-3021	330	6	for	for	ADP
cblr-3021	330	7	bdcs	bdcs	ADJ
cblr-3021	330	8	the	the	DET
cblr-3021	330	9	nsmia	nsmia	PROPN
cblr-3021	330	10	also	also	ADV
cblr-3021	330	11	liberalizes	liberalize	VERB
cblr-3021	330	12	the	the	DET
cblr-3021	330	13	regulation	regulation	NOUN
cblr-3021	330	14	of	of	ADP
cblr-3021	330	15	bdcs	bdcs	PROPN
cblr-3021	330	16	.	.	PUNCT
cblr-3021	331	1	the	the	DET
cblr-3021	331	2	legislation	legislation	NOUN
cblr-3021	331	3	creates	create	VERB
cblr-3021	331	4	a	a	DET
cblr-3021	331	5	new	new	ADJ
cblr-3021	331	6	class	class	NOUN
cblr-3021	331	7	of	of	ADP
cblr-3021	331	8	portfolio	portfolio	NOUN
cblr-3021	331	9	companies	company	NOUN
cblr-3021	331	10	in	in	ADP
cblr-3021	331	11	which	which	PRON
cblr-3021	331	12	bdcs	bdc	VERB
cblr-3021	331	13	can	can	AUX
cblr-3021	331	14	invest	invest	VERB
cblr-3021	331	15	without	without	ADP
cblr-3021	331	16	making	make	VERB
cblr-3021	331	17	available	available	ADJ
cblr-3021	331	18	significant	significant	ADJ
cblr-3021	331	19	managerial	managerial	ADJ
cblr-3021	331	20	assistance	assistance	NOUN
cblr-3021	331	21	.	.	PUNCT
cblr-3021	332	1	this	this	DET
cblr-3021	332	2	new	new	ADJ
cblr-3021	332	3	class	class	NOUN
cblr-3021	332	4	includes	include	VERB
cblr-3021	332	5	any	any	DET
cblr-3021	332	6	company	company	NOUN
cblr-3021	332	7	that	that	PRON
cblr-3021	332	8	has	have	VERB
cblr-3021	332	9	total	total	ADJ
cblr-3021	332	10	assets	asset	NOUN
cblr-3021	332	11	of	of	ADP
cblr-3021	332	12	$	$	SYM
cblr-3021	332	13	4	4	NUM
cblr-3021	332	14	million	million	NUM
cblr-3021	332	15	or	or	CCONJ
cblr-3021	332	16	less	less	ADJ
cblr-3021	332	17	and	and	CCONJ
cblr-3021	332	18	capital	capital	NOUN
cblr-3021	332	19	and	and	CCONJ
cblr-3021	332	20	surplus	surplus	NOUN
cblr-3021	332	21	(	(	PUNCT
cblr-3021	332	22	equity	equity	NOUN
cblr-3021	332	23	less	less	ADV
cblr-3021	332	24	retained	retain	VERB
cblr-3021	332	25	earnings	earning	NOUN
cblr-3021	332	26	)	)	PUNCT
cblr-3021	332	27	of	of	ADP
cblr-3021	332	28	more	more	ADJ
cblr-3021	332	29	than	than	ADP
cblr-3021	332	30	$	$	SYM
cblr-3021	332	31	2	2	NUM
cblr-3021	332	32	million.2	million.2	NOUN
cblr-3021	332	33	the	the	DET
cblr-3021	332	34	nsmia	nsmia	NOUN
cblr-3021	332	35	also	also	ADV
cblr-3021	332	36	allows	allow	VERB
cblr-3021	332	37	bdcs	bdcs	ADJ
cblr-3021	332	38	to	to	PART
cblr-3021	332	39	issue	issue	VERB
cblr-3021	332	40	debt	debt	NOUN
cblr-3021	332	41	and	and	CCONJ
cblr-3021	332	42	purchase	purchase	NOUN
cblr-3021	332	43	securities	security	NOUN
cblr-3021	332	44	more	more	ADJ
cblr-3021	332	45	freely.63	freely.63	ADV
cblr-3021	332	46	however	however	ADV
cblr-3021	332	47	,	,	PUNCT
cblr-3021	332	48	congress	congress	PROPN
cblr-3021	332	49	'	'	PART
cblr-3021	332	50	belief	belief	NOUN
cblr-3021	332	51	"	"	PUNCT
cblr-3021	332	52	that	that	SCONJ
cblr-3021	332	53	changing	change	VERB
cblr-3021	332	54	bdc	bdc	NOUN
cblr-3021	332	55	regulation	regulation	NOUN
cblr-3021	332	56	.	.	PUNCT
cblr-3021	332	57	.	.	PUNCT
cblr-3021	333	1	.	.	PUNCT
cblr-3021	334	1	will	will	AUX
cblr-3021	334	2	make	make	VERB
cblr-3021	334	3	this	this	DET
cblr-3021	334	4	type	type	NOUN
cblr-3021	334	5	of	of	ADP
cblr-3021	334	6	generate	generate	NOUN
cblr-3021	334	7	fees	fee	NOUN
cblr-3021	334	8	of	of	ADP
cblr-3021	334	9	$	$	SYM
cblr-3021	334	10	250,000	250,000	NUM
cblr-3021	334	11	.	.	PUNCT
cblr-3021	335	1	that	that	DET
cblr-3021	335	2	amount	amount	NOUN
cblr-3021	335	3	would	would	AUX
cblr-3021	335	4	have	have	VERB
cblr-3021	335	5	to	to	PART
cblr-3021	335	6	cover	cover	VERB
cblr-3021	335	7	salaries	salary	NOUN
cblr-3021	335	8	,	,	PUNCT
cblr-3021	335	9	rent	rent	NOUN
cblr-3021	335	10	,	,	PUNCT
cblr-3021	335	11	and	and	CCONJ
cblr-3021	335	12	all	all	DET
cblr-3021	335	13	other	other	ADJ
cblr-3021	335	14	expenses	expense	NOUN
cblr-3021	335	15	.	.	PUNCT
cblr-3021	336	1	see	see	VERB
cblr-3021	336	2	i	i	PRON
cblr-3021	336	3	d.	d.	PROPN
cblr-3021	336	4	'	'	PUNCT
cblr-3021	336	5	see	see	VERB
cblr-3021	336	6	kimberly	kimberly	NOUN
cblr-3021	336	7	weisul	weisul	PROPN
cblr-3021	336	8	,	,	PUNCT
cblr-3021	336	9	loophole	loophole	NOUN
cblr-3021	336	10	emerges	emerge	VERB
cblr-3021	336	11	for	for	ADP
cblr-3021	336	12	small	small	ADJ
cblr-3021	336	13	venture	venture	NOUN
cblr-3021	336	14	funds	fund	NOUN
cblr-3021	336	15	,	,	PUNCT
cblr-3021	336	16	investors	investor	NOUN
cblr-3021	336	17	,	,	PUNCT
cblr-3021	336	18	investment	investment	NOUN
cblr-3021	336	19	dealers	dealer	NOUN
cblr-3021	336	20	dig	dig	VERB
cblr-3021	336	21	.	.	PUNCT
cblr-3021	337	1	,	,	PUNCT
cblr-3021	337	2	may	may	AUX
cblr-3021	337	3	12	12	NUM
cblr-3021	337	4	,	,	PUNCT
cblr-3021	337	5	1997	1997	NUM
cblr-3021	337	6	,	,	PUNCT
cblr-3021	337	7	at	at	ADP
cblr-3021	337	8	5	5	NUM
cblr-3021	337	9	(	(	PUNCT
cblr-3021	337	10	quoting	quote	VERB
cblr-3021	337	11	attorney	attorney	NOUN
cblr-3021	337	12	william	william	PROPN
cblr-3021	337	13	evers	evers	PROPN
cblr-3021	337	14	that	that	SCONJ
cblr-3021	337	15	the	the	DET
cblr-3021	337	16	exception	exception	NOUN
cblr-3021	337	17	is	be	AUX
cblr-3021	337	18	"	"	PUNCT
cblr-3021	337	19	just	just	ADV
cblr-3021	337	20	barely	barely	ADV
cblr-3021	337	21	high	high	ADJ
cblr-3021	337	22	enough	enough	ADV
cblr-3021	337	23	to	to	PART
cblr-3021	337	24	be	be	AUX
cblr-3021	337	25	useful	useful	ADJ
cblr-3021	337	26	"	"	PUNCT
cblr-3021	337	27	)	)	PUNCT
cblr-3021	337	28	.	.	PUNCT
cblr-3021	338	1	see	see	VERB
cblr-3021	338	2	i	i	PRON
cblr-3021	338	3	d.	d.	PROPN
cblr-3021	338	4	15	15	NUM
cblr-3021	338	5	u.s.c	u.s.c	ADJ
cblr-3021	338	6	.	.	PUNCT
cblr-3021	339	1	§	§	PROPN
cblr-3021	339	2	80a-3(c)(7	80a-3(c)(7	NUM
cblr-3021	339	3	)	)	PUNCT
cblr-3021	339	4	(	(	PUNCT
cblr-3021	339	5	2000	2000	NUM
cblr-3021	339	6	)	)	PUNCT
cblr-3021	339	7	.	.	PUNCT
cblr-3021	340	1	15	15	NUM
cblr-3021	340	2	u.s.c	u.s.c	NOUN
cblr-3021	340	3	.	.	PUNCT
cblr-3021	341	1	§	§	PROPN
cblr-3021	341	2	80a-2(a)(51)(a	80a-2(a)(51)(a	NUM
cblr-3021	341	3	)	)	PUNCT
cblr-3021	341	4	.	.	PUNCT
cblr-3021	342	1	15	15	NUM
cblr-3021	342	2	u.s.c	u.s.c	NOUN
cblr-3021	342	3	.	.	PUNCT
cblr-3021	343	1	§	§	PROPN
cblr-3021	343	2	80a-2(a	80a-2(a	NUM
cblr-3021	343	3	)	)	PUNCT
cblr-3021	343	4	.	.	PUNCT
cblr-3021	344	1	see	see	VERB
cblr-3021	344	2	i	i	PRON
cblr-3021	344	3	d.	d.	PROPN
cblr-3021	344	4	no	no	INTJ
cblr-3021	344	5	.	.	PUNCT
cblr-3021	345	1	1:77	1:77	NUM
cblr-3021	345	2	]	]	X
cblr-3021	345	3	columbia	columbia	PROPN
cblr-3021	345	4	business	business	PROPN
cblr-3021	345	5	law	law	PROPN
cblr-3021	345	6	review	review	NOUN
cblr-3021	345	7	investment	investment	NOUN
cblr-3021	345	8	vehicle	vehicle	NOUN
cblr-3021	345	9	more	more	ADV
cblr-3021	345	10	attractive	attractive	ADJ
cblr-3021	345	11	"	"	PUNCT
cblr-3021	345	12	remains	remain	VERB
cblr-3021	345	13	juxtaposed	juxtapose	VERB
cblr-3021	345	14	by	by	ADP
cblr-3021	345	15	the	the	DET
cblr-3021	345	16	continued	continue	VERB
cblr-3021	345	17	decline	decline	NOUN
cblr-3021	345	18	of	of	ADP
cblr-3021	345	19	bdcs.1	bdcs.1	PROPN
cblr-3021	345	20	moreover	moreover	ADV
cblr-3021	345	21	,	,	PUNCT
cblr-3021	345	22	many	many	ADJ
cblr-3021	345	23	of	of	ADP
cblr-3021	345	24	the	the	DET
cblr-3021	345	25	restrictions	restriction	NOUN
cblr-3021	345	26	in	in	ADP
cblr-3021	345	27	the	the	DET
cblr-3021	345	28	sbiia	sbiia	NOUN
cblr-3021	345	29	still	still	ADV
cblr-3021	345	30	remain	remain	VERB
cblr-3021	345	31	intact	intact	ADJ
cblr-3021	345	32	.	.	PUNCT
cblr-3021	346	1	5	5	NUM
cblr-3021	346	2	b.	b.	PROPN
cblr-3021	346	3	the	the	DET
cblr-3021	346	4	california	california	PROPN
cblr-3021	346	5	capital	capital	PROPN
cblr-3021	346	6	access	access	NOUN
cblr-3021	346	7	company	company	NOUN
cblr-3021	346	8	law	law	NOUN
cblr-3021	346	9	1	1	NUM
cblr-3021	346	10	.	.	PUNCT
cblr-3021	346	11	background	background	NOUN
cblr-3021	346	12	and	and	CCONJ
cblr-3021	346	13	significance	significance	NOUN
cblr-3021	346	14	of	of	ADP
cblr-3021	346	15	the	the	DET
cblr-3021	346	16	act	act	NOUN
cblr-3021	346	17	to	to	ADP
cblr-3021	346	18	date	date	NOUN
cblr-3021	346	19	,	,	PUNCT
cblr-3021	346	20	no	no	DET
cblr-3021	346	21	state	state	NOUN
cblr-3021	346	22	other	other	ADJ
cblr-3021	346	23	than	than	ADP
cblr-3021	346	24	california	california	PROPN
cblr-3021	346	25	has	have	AUX
cblr-3021	346	26	enacted	enact	VERB
cblr-3021	346	27	enabling	enable	VERB
cblr-3021	346	28	statutes	statute	NOUN
cblr-3021	346	29	that	that	PRON
cblr-3021	346	30	take	take	VERB
cblr-3021	346	31	advantage	advantage	NOUN
cblr-3021	346	32	of	of	ADP
cblr-3021	346	33	the	the	DET
cblr-3021	346	34	exemptions	exemption	NOUN
cblr-3021	346	35	provided	provide	VERB
cblr-3021	346	36	by	by	ADP
cblr-3021	346	37	the	the	DET
cblr-3021	346	38	nsmia	nsmia	NOUN
cblr-3021	346	39	.	.	PUNCT
cblr-3021	347	1	it	it	PRON
cblr-3021	347	2	is	be	AUX
cblr-3021	347	3	not	not	PART
cblr-3021	347	4	surprising	surprising	ADJ
cblr-3021	347	5	that	that	SCONJ
cblr-3021	347	6	california	california	PROPN
cblr-3021	347	7	has	have	AUX
cblr-3021	347	8	taken	take	VERB
cblr-3021	347	9	the	the	DET
cblr-3021	347	10	lead	lead	NOUN
cblr-3021	347	11	in	in	ADP
cblr-3021	347	12	passing	pass	VERB
cblr-3021	347	13	such	such	ADJ
cblr-3021	347	14	legislation	legislation	NOUN
cblr-3021	347	15	.	.	PUNCT
cblr-3021	348	1	small	small	ADJ
cblr-3021	348	2	businesses	business	NOUN
cblr-3021	348	3	and	and	CCONJ
cblr-3021	348	4	start	start	VERB
cblr-3021	348	5	-	-	PUNCT
cblr-3021	348	6	up	up	ADP
cblr-3021	348	7	companies	company	NOUN
cblr-3021	348	8	,	,	PUNCT
cblr-3021	348	9	which	which	PRON
cblr-3021	348	10	have	have	AUX
cblr-3021	348	11	generated	generate	VERB
cblr-3021	348	12	over	over	ADP
cblr-3021	348	13	one	one	NUM
cblr-3021	348	14	million	million	NUM
cblr-3021	348	15	new	new	ADJ
cblr-3021	348	16	jobs	job	NOUN
cblr-3021	348	17	,	,	PUNCT
cblr-3021	348	18	piloted	pilot	VERB
cblr-3021	348	19	the	the	DET
cblr-3021	348	20	economic	economic	ADJ
cblr-3021	348	21	recovery	recovery	NOUN
cblr-3021	348	22	in	in	ADP
cblr-3021	348	23	california	california	PROPN
cblr-3021	348	24	during	during	ADP
cblr-3021	348	25	the	the	DET
cblr-3021	348	26	1990s.1	1990s.1	PROPN
cblr-3021	348	27	6	6	NUM
cblr-3021	348	28	furthermore	furthermore	ADV
cblr-3021	348	29	,	,	PUNCT
cblr-3021	348	30	california	california	PROPN
cblr-3021	348	31	leads	lead	VERB
cblr-3021	348	32	the	the	DET
cblr-3021	348	33	country	country	NOUN
cblr-3021	348	34	in	in	ADP
cblr-3021	348	35	venture	venture	NOUN
cblr-3021	348	36	capital	capital	NOUN
cblr-3021	348	37	investments	investment	NOUN
cblr-3021	348	38	(	(	PUNCT
cblr-3021	348	39	$	$	SYM
cblr-3021	348	40	13.3	13.3	NUM
cblr-3021	348	41	billion	billion	NUM
cblr-3021	348	42	)	)	PUNCT
cblr-3021	348	43	,	,	PUNCT
cblr-3021	348	44	venture	venture	NOUN
cblr-3021	348	45	-	-	PUNCT
cblr-3021	348	46	backed	back	VERB
cblr-3021	348	47	company	company	NOUN
cblr-3021	348	48	jobs	job	NOUN
cblr-3021	348	49	(	(	PUNCT
cblr-3021	348	50	1.4	1.4	NUM
cblr-3021	348	51	million	million	NUM
cblr-3021	348	52	)	)	PUNCT
cblr-3021	348	53	and	and	CCONJ
cblr-3021	348	54	revenues	revenue	NOUN
cblr-3021	348	55	(	(	PUNCT
cblr-3021	348	56	$	$	SYM
cblr-3021	348	57	270	270	NUM
cblr-3021	348	58	billion	billion	NUM
cblr-3021	348	59	)	)	PUNCT
cblr-3021	348	60	.	.	PUNCT
cblr-3021	348	61	"	"	PUNCT
cblr-3021	349	1	as	as	ADP
cblr-3021	349	2	a	a	DET
cblr-3021	349	3	result	result	NOUN
cblr-3021	349	4	,	,	PUNCT
cblr-3021	349	5	the	the	DET
cblr-3021	349	6	legislature	legislature	NOUN
cblr-3021	349	7	concludes	conclude	VERB
cblr-3021	349	8	that	that	SCONJ
cblr-3021	349	9	"	"	PUNCT
cblr-3021	349	10	promoting	promote	VERB
cblr-3021	349	11	the	the	DET
cblr-3021	349	12	establishment	establishment	NOUN
cblr-3021	349	13	,	,	PUNCT
cblr-3021	349	14	growth	growth	NOUN
cblr-3021	349	15	,	,	PUNCT
cblr-3021	349	16	and	and	CCONJ
cblr-3021	349	17	expansion	expansion	NOUN
cblr-3021	349	18	of	of	ADP
cblr-3021	349	19	business	business	NOUN
cblr-3021	349	20	firms	firm	NOUN
cblr-3021	349	21	in	in	ADP
cblr-3021	349	22	this	this	DET
cblr-3021	349	23	state	state	NOUN
cblr-3021	349	24	is	be	AUX
cblr-3021	349	25	an	an	DET
cblr-3021	349	26	efficient	efficient	ADJ
cblr-3021	349	27	way	way	NOUN
cblr-3021	349	28	to	to	PART
cblr-3021	349	29	increase	increase	VERB
cblr-3021	349	30	job	job	NOUN
cblr-3021	349	31	opportunities	opportunity	NOUN
cblr-3021	349	32	.	.	PUNCT
cblr-3021	350	1	"68	"68	NOUN
cblr-3021	350	2	curiously	curiously	ADV
cblr-3021	350	3	,	,	PUNCT
cblr-3021	350	4	other	other	ADJ
cblr-3021	350	5	states	state	NOUN
cblr-3021	350	6	with	with	ADP
cblr-3021	350	7	significant	significant	ADJ
cblr-3021	350	8	6	6	NUM
cblr-3021	350	9	s.	s.	PROPN
cblr-3021	350	10	conf	conf	PROPN
cblr-3021	350	11	.	.	PUNCT
cblr-3021	351	1	rep	rep	PROPN
cblr-3021	351	2	.	.	PROPN
cblr-3021	351	3	no	no	PROPN
cblr-3021	351	4	.	.	NOUN
cblr-3021	352	1	104	104	NUM
cblr-3021	352	2	-	-	SYM
cblr-3021	352	3	293	293	NUM
cblr-3021	352	4	,	,	PUNCT
cblr-3021	352	5	at	at	ADP
cblr-3021	352	6	13	13	NUM
cblr-3021	352	7	(	(	PUNCT
cblr-3021	352	8	1996	1996	NUM
cblr-3021	352	9	)	)	PUNCT
cblr-3021	352	10	.	.	PUNCT
cblr-3021	353	1	"	"	PUNCT
cblr-3021	353	2	see	see	VERB
cblr-3021	353	3	pub	pub	NOUN
cblr-3021	353	4	.	.	PUNCT
cblr-3021	354	1	l.	l.	PROPN
cblr-3021	354	2	no	no	INTJ
cblr-3021	354	3	.	.	PROPN
cblr-3021	355	1	96	96	NUM
cblr-3021	355	2	-	-	SYM
cblr-3021	355	3	477	477	NUM
cblr-3021	355	4	,	,	PUNCT
cblr-3021	355	5	94	94	NUM
cblr-3021	355	6	stat	stat	NOUN
cblr-3021	355	7	.	.	PUNCT
cblr-3021	356	1	2275	2275	NUM
cblr-3021	356	2	(	(	PUNCT
cblr-3021	356	3	codified	codify	VERB
cblr-3021	356	4	in	in	ADP
cblr-3021	356	5	scattered	scatter	VERB
cblr-3021	356	6	sections	section	NOUN
cblr-3021	356	7	of	of	ADP
cblr-3021	356	8	15	15	NUM
cblr-3021	356	9	u.s.c	u.s.c	ADJ
cblr-3021	356	10	.	.	PUNCT
cblr-3021	357	1	(	(	PUNCT
cblr-3021	357	2	2000	2000	NUM
cblr-3021	357	3	)	)	PUNCT
cblr-3021	357	4	)	)	PUNCT
cblr-3021	357	5	.	.	PUNCT
cblr-3021	357	6	'	'	PUNCT
cblr-3021	358	1	capital	capital	NOUN
cblr-3021	358	2	access	access	NOUN
cblr-3021	358	3	company	company	NOUN
cblr-3021	358	4	law	law	NOUN
cblr-3021	358	5	:	:	PUNCT
cblr-3021	358	6	hearing	hear	VERB
cblr-3021	358	7	on	on	ADP
cblr-3021	358	8	sb2189	sb2189	PROPN
cblr-3021	358	9	before	before	ADP
cblr-3021	358	10	assembly	assembly	NOUN
cblr-3021	358	11	committee	committee	NOUN
cblr-3021	358	12	on	on	ADP
cblr-3021	358	13	appropriations	appropriation	NOUN
cblr-3021	358	14	,	,	PUNCT
cblr-3021	358	15	1998	1998	NUM
cblr-3021	358	16	leg	leg	NOUN
cblr-3021	358	17	.	.	PUNCT
cblr-3021	359	1	(	(	PUNCT
cblr-3021	359	2	cal	cal	X
cblr-3021	359	3	.	.	PUNCT
cblr-3021	359	4	1998	1998	NUM
cblr-3021	359	5	)	)	PUNCT
cblr-3021	360	1	(	(	PUNCT
cblr-3021	360	2	bill	bill	NOUN
cblr-3021	360	3	information	information	PROPN
cblr-3021	360	4	)	)	PUNCT
cblr-3021	360	5	,	,	PUNCT
cblr-3021	360	6	available	available	ADJ
cblr-3021	360	7	at	at	ADP
cblr-3021	360	8	http://www.leginfo.ca.gov/pub/97-98/bill/sen/sb_2151-2200/	http://www.leginfo.ca.gov/pub/97-98/bill/sen/sb_2151-2200/	PROPN
cblr-3021	360	9	sb_2189	sb_2189	PROPN
cblr-3021	360	10	cfa_19980803_155911_asmcomm.html	cfa_19980803_155911_asmcomm.html	NOUN
cblr-3021	360	11	(	(	PUNCT
cblr-3021	360	12	last	last	ADV
cblr-3021	360	13	visited	visit	VERB
cblr-3021	360	14	dec	dec	PROPN
cblr-3021	360	15	.	.	PROPN
cblr-3021	360	16	3	3	NUM
cblr-3021	360	17	,	,	PUNCT
cblr-3021	360	18	1999	1999	NUM
cblr-3021	360	19	)	)	PUNCT
cblr-3021	360	20	.	.	PUNCT
cblr-3021	361	1	67	67	NUM
cblr-3021	361	2	john	john	PROPN
cblr-3021	361	3	taylor	taylor	PROPN
cblr-3021	361	4	,	,	PUNCT
cblr-3021	361	5	venture	venture	NOUN
cblr-3021	361	6	capital	capital	NOUN
cblr-3021	361	7	industry	industry	NOUN
cblr-3021	361	8	update	update	NOUN
cblr-3021	361	9	,	,	PUNCT
cblr-3021	361	10	presentation	presentation	NOUN
cblr-3021	361	11	at	at	ADP
cblr-3021	361	12	southwest	southwest	PROPN
cblr-3021	361	13	venture	venture	PROPN
cblr-3021	361	14	capital	capital	PROPN
cblr-3021	361	15	forum	forum	PROPN
cblr-3021	361	16	(	(	PUNCT
cblr-3021	361	17	jan	jan	PROPN
cblr-3021	361	18	.	.	PROPN
cblr-3021	361	19	10	10	NUM
cblr-3021	361	20	,	,	PUNCT
cblr-3021	361	21	2002	2002	NUM
cblr-3021	361	22	)	)	PUNCT
cblr-3021	361	23	,	,	PUNCT
cblr-3021	361	24	at	at	ADP
cblr-3021	361	25	http://swvf.org/clients/smu/	http://swvf.org/clients/smu/	PROPN
cblr-3021	361	26	registration.nsf/415bcff8e8e0d7c486256991005f9beb/$file/nvca%20jst	registration.nsf/415bcff8e8e0d7c486256991005f9beb/$file/nvca%20jst	PROPN
cblr-3021	361	27	swvf.ppt	swvf.ppt	X
cblr-3021	361	28	(	(	PUNCT
cblr-3021	361	29	discussing	discuss	VERB
cblr-3021	361	30	the	the	DET
cblr-3021	361	31	2001	2001	NUM
cblr-3021	361	32	dri	dri	PROPN
cblr-3021	361	33	-	-	PUNCT
cblr-3021	361	34	wefa	wefa	PROPN
cblr-3021	361	35	study	study	NOUN
cblr-3021	361	36	results	result	NOUN
cblr-3021	361	37	)	)	PUNCT
cblr-3021	361	38	;	;	PUNCT
cblr-3021	361	39	see	see	VERB
cblr-3021	361	40	also	also	ADV
cblr-3021	361	41	table	table	VERB
cblr-3021	361	42	5	5	NUM
cblr-3021	361	43	,	,	PUNCT
cblr-3021	361	44	venture	venture	NOUN
cblr-3021	361	45	capital	capital	NOUN
cblr-3021	361	46	analysis	analysis	NOUN
cblr-3021	361	47	for	for	ADP
cblr-3021	361	48	top	top	ADJ
cblr-3021	361	49	ten	ten	NUM
cblr-3021	361	50	states	state	NOUN
cblr-3021	361	51	for	for	ADP
cblr-3021	361	52	2001	2001	NUM
cblr-3021	361	53	infra	infra	NOUN
cblr-3021	361	54	.	.	PUNCT
cblr-3021	361	55	'	'	PUNCT
cblr-3021	362	1	capital	capital	NOUN
cblr-3021	362	2	access	access	NOUN
cblr-3021	362	3	company	company	NOUN
cblr-3021	362	4	law	law	NOUN
cblr-3021	362	5	:	:	PUNCT
cblr-3021	362	6	hearing	hear	VERB
cblr-3021	362	7	on	on	ADP
cblr-3021	362	8	sb2189	sb2189	PROPN
cblr-3021	362	9	before	before	ADP
cblr-3021	362	10	assembly	assembly	NOUN
cblr-3021	362	11	committee	committee	NOUN
cblr-3021	362	12	on	on	ADP
cblr-3021	362	13	banking	banking	NOUN
cblr-3021	362	14	and	and	CCONJ
cblr-3021	362	15	finance	finance	NOUN
cblr-3021	362	16	,	,	PUNCT
cblr-3021	362	17	1998	1998	NUM
cblr-3021	362	18	leg	leg	NOUN
cblr-3021	362	19	.	.	PUNCT
cblr-3021	363	1	(	(	PUNCT
cblr-3021	363	2	cal	cal	X
cblr-3021	363	3	.	.	PUNCT
cblr-3021	363	4	1998	1998	NUM
cblr-3021	363	5	)	)	PUNCT
cblr-3021	364	1	(	(	PUNCT
cblr-3021	364	2	bill	bill	NOUN
cblr-3021	364	3	information	information	PROPN
cblr-3021	364	4	)	)	PUNCT
cblr-3021	364	5	,	,	PUNCT
cblr-3021	364	6	available	available	ADJ
cblr-3021	364	7	at	at	ADP
cblr-3021	364	8	http://www.leginfo.ca.gov/pub/97-98/bill/	http://www.leginfo.ca.gov/pub/97-98/bill/	PROPN
cblr-3021	364	9	sen	sen	PROPN
cblr-3021	364	10	/	/	PUNCT
cblr-3021	364	11	sb_2151	sb_2151	PROPN
cblr-3021	364	12	-	-	PUNCT
cblr-3021	364	13	2200	2200	NUM
cblr-3021	364	14	/	/	SYM
cblr-3021	364	15	sb_2189_cfa_19980626_152826_asm	sb_2189_cfa_19980626_152826_asm	NOUN
cblr-3021	364	16	-	-	PUNCT
cblr-3021	364	17	comm.htm	comm.htm	X
cblr-3021	364	18	(	(	PUNCT
cblr-3021	364	19	last	last	ADJ
cblr-3021	364	20	visited	visit	VERB
cblr-3021	364	21	dec	dec	PROPN
cblr-3021	364	22	.	.	PROPN
cblr-3021	364	23	5	5	NUM
cblr-3021	364	24	,	,	PUNCT
cblr-3021	364	25	1999	1999	NUM
cblr-3021	364	26	)	)	PUNCT
cblr-3021	364	27	.	.	PUNCT
cblr-3021	365	1	[	[	X
cblr-3021	365	2	vol	vol	NOUN
cblr-3021	365	3	.	.	PUNCT
cblr-3021	365	4	2004	2004	NUM
cblr-3021	365	5	venture	venture	NOUN
cblr-3021	365	6	capital	capital	NOUN
cblr-3021	365	7	activity	activity	NOUN
cblr-3021	365	8	,	,	PUNCT
cblr-3021	365	9	such	such	ADJ
cblr-3021	365	10	as	as	ADP
cblr-3021	365	11	massachusetts	massachusetts	PROPN
cblr-3021	365	12	,	,	PUNCT
cblr-3021	365	13	washington	washington	PROPN
cblr-3021	365	14	,	,	PUNCT
cblr-3021	365	15	texas	texas	PROPN
cblr-3021	365	16	,	,	PUNCT
cblr-3021	365	17	colorado	colorado	PROPN
cblr-3021	365	18	,	,	PUNCT
cblr-3021	365	19	and	and	CCONJ
cblr-3021	365	20	new	new	PROPN
cblr-3021	365	21	york	york	PROPN
cblr-3021	365	22	,	,	PUNCT
cblr-3021	365	23	do	do	AUX
cblr-3021	365	24	not	not	PART
cblr-3021	365	25	yet	yet	ADV
cblr-3021	365	26	even	even	ADV
cblr-3021	365	27	have	have	AUX
cblr-3021	365	28	proposed	propose	VERB
cblr-3021	365	29	legislation	legislation	NOUN
cblr-3021	365	30	,	,	PUNCT
cblr-3021	365	31	despite	despite	SCONJ
cblr-3021	365	32	a	a	DET
cblr-3021	365	33	recent	recent	ADJ
cblr-3021	365	34	study	study	NOUN
cblr-3021	365	35	that	that	PRON
cblr-3021	365	36	reveals	reveal	VERB
cblr-3021	365	37	venture	venture	NOUN
cblr-3021	365	38	-	-	PUNCT
cblr-3021	365	39	backed	back	VERB
cblr-3021	365	40	companies	company	NOUN
cblr-3021	365	41	now	now	ADV
cblr-3021	365	42	employ	employ	VERB
cblr-3021	365	43	over	over	ADP
cblr-3021	365	44	7.6	7.6	NUM
cblr-3021	365	45	million	million	NUM
cblr-3021	365	46	people	people	NOUN
cblr-3021	365	47	and	and	CCONJ
cblr-3021	365	48	generate	generate	VERB
cblr-3021	365	49	$	$	SYM
cblr-3021	365	50	1.3	1.3	NUM
cblr-3021	365	51	trillion	trillion	NUM
cblr-3021	365	52	in	in	ADP
cblr-3021	365	53	annual	annual	ADJ
cblr-3021	365	54	revenue	revenue	NOUN
cblr-3021	365	55	.	.	PUNCT
cblr-3021	366	1	9	9	NUM
cblr-3021	366	2	these	these	DET
cblr-3021	366	3	employment	employment	NOUN
cblr-3021	366	4	and	and	CCONJ
cblr-3021	366	5	revenue	revenue	NOUN
cblr-3021	366	6	figures	figure	NOUN
cblr-3021	366	7	represent	represent	VERB
cblr-3021	366	8	5.9	5.9	NUM
cblr-3021	366	9	%	%	NOUN
cblr-3021	366	10	of	of	ADP
cblr-3021	366	11	the	the	DET
cblr-3021	366	12	u.s	u.s	PROPN
cblr-3021	366	13	.	.	PROPN
cblr-3021	366	14	payroll	payroll	NOUN
cblr-3021	366	15	,	,	PUNCT
cblr-3021	366	16	13.1	13.1	NUM
cblr-3021	366	17	%	%	NOUN
cblr-3021	366	18	of	of	ADP
cblr-3021	366	19	the	the	DET
cblr-3021	366	20	gdp	gdp	NOUN
cblr-3021	366	21	,	,	PUNCT
cblr-3021	366	22	and	and	CCONJ
cblr-3021	366	23	7.9	7.9	NUM
cblr-3021	366	24	%	%	NOUN
cblr-3021	366	25	of	of	ADP
cblr-3021	366	26	u.s	u.s	PROPN
cblr-3021	366	27	.	.	PROPN
cblr-3021	366	28	company	company	NOUN
cblr-3021	366	29	revenue	revenue	NOUN
cblr-3021	366	30	.	.	PUNCT
cblr-3021	367	1	70	70	NUM
cblr-3021	368	1	the	the	DET
cblr-3021	368	2	cacl	cacl	PROPN
cblr-3021	368	3	,	,	PUNCT
cblr-3021	368	4	then	then	ADV
cblr-3021	368	5	,	,	PUNCT
cblr-3021	368	6	constitutes	constitute	VERB
cblr-3021	368	7	a	a	DET
cblr-3021	368	8	particularly	particularly	ADV
cblr-3021	368	9	important	important	ADJ
cblr-3021	368	10	piece	piece	NOUN
cblr-3021	368	11	of	of	ADP
cblr-3021	368	12	legislation	legislation	NOUN
cblr-3021	368	13	,	,	PUNCT
cblr-3021	368	14	since	since	SCONJ
cblr-3021	368	15	it	it	PRON
cblr-3021	368	16	likely	likely	ADV
cblr-3021	368	17	will	will	AUX
cblr-3021	368	18	serve	serve	VERB
cblr-3021	368	19	as	as	ADP
cblr-3021	368	20	a	a	DET
cblr-3021	368	21	model	model	NOUN
cblr-3021	368	22	for	for	ADP
cblr-3021	368	23	the	the	DET
cblr-3021	368	24	rest	rest	NOUN
cblr-3021	368	25	of	of	ADP
cblr-3021	368	26	the	the	DET
cblr-3021	368	27	country	country	NOUN
cblr-3021	368	28	.	.	PUNCT
cblr-3021	369	1	the	the	DET
cblr-3021	369	2	act	act	NOUN
cblr-3021	369	3	presents	present	VERB
cblr-3021	369	4	a	a	DET
cblr-3021	369	5	negotiated	negotiate	VERB
cblr-3021	369	6	compromise	compromise	NOUN
cblr-3021	369	7	between	between	ADP
cblr-3021	369	8	its	its	PRON
cblr-3021	369	9	proponents	proponent	NOUN
cblr-3021	369	10	and	and	CCONJ
cblr-3021	369	11	the	the	DET
cblr-3021	369	12	department	department	NOUN
cblr-3021	369	13	of	of	ADP
cblr-3021	369	14	corporations	corporation	NOUN
cblr-3021	369	15	,	,	PUNCT
cblr-3021	369	16	which	which	PRON
cblr-3021	369	17	advocated	advocate	VERB
cblr-3021	369	18	a	a	DET
cblr-3021	369	19	more	more	ADV
cblr-3021	369	20	restrictive	restrictive	ADJ
cblr-3021	369	21	regulatory	regulatory	ADJ
cblr-3021	369	22	approach.1	approach.1	PROPN
cblr-3021	369	23	signed	sign	VERB
cblr-3021	369	24	into	into	ADP
cblr-3021	369	25	law	law	NOUN
cblr-3021	369	26	on	on	ADP
cblr-3021	369	27	september	september	PROPN
cblr-3021	369	28	20	20	NUM
cblr-3021	369	29	,	,	PUNCT
cblr-3021	369	30	1998	1998	NUM
cblr-3021	369	31	,	,	PUNCT
cblr-3021	369	32	the	the	DET
cblr-3021	369	33	cacl	cacl	PROPN
cblr-3021	369	34	received	receive	VERB
cblr-3021	369	35	broad	broad	ADJ
cblr-3021	369	36	bipartisan	bipartisan	ADJ
cblr-3021	369	37	support	support	NOUN
cblr-3021	369	38	and	and	CCONJ
cblr-3021	369	39	easily	easily	ADV
cblr-3021	369	40	passed	pass	VERB
cblr-3021	369	41	through	through	ADP
cblr-3021	369	42	the	the	DET
cblr-3021	369	43	legislature	legislature	NOUN
cblr-3021	369	44	.	.	PUNCT
cblr-3021	370	1	72	72	NUM
cblr-3021	370	2	because	because	SCONJ
cblr-3021	370	3	it	it	PRON
cblr-3021	370	4	represents	represent	VERB
cblr-3021	370	5	a	a	DET
cblr-3021	370	6	piece	piece	NOUN
cblr-3021	370	7	of	of	ADP
cblr-3021	370	8	69	69	NUM
cblr-3021	370	9	while	while	SCONJ
cblr-3021	370	10	california	california	PROPN
cblr-3021	370	11	has	have	VERB
cblr-3021	370	12	the	the	DET
cblr-3021	370	13	greatest	great	ADJ
cblr-3021	370	14	amount	amount	NOUN
cblr-3021	370	15	of	of	ADP
cblr-3021	370	16	venture	venture	NOUN
cblr-3021	370	17	capital	capital	NOUN
cblr-3021	370	18	activity	activity	NOUN
cblr-3021	370	19	,	,	PUNCT
cblr-3021	370	20	the	the	DET
cblr-3021	370	21	growth	growth	NOUN
cblr-3021	370	22	of	of	ADP
cblr-3021	370	23	regional	regional	ADJ
cblr-3021	370	24	investment	investment	NOUN
cblr-3021	370	25	hubs	hub	NOUN
cblr-3021	370	26	,	,	PUNCT
cblr-3021	370	27	the	the	DET
cblr-3021	370	28	continued	continue	VERB
cblr-3021	370	29	demand	demand	NOUN
cblr-3021	370	30	across	across	ADP
cblr-3021	370	31	the	the	DET
cblr-3021	370	32	country	country	NOUN
cblr-3021	370	33	for	for	ADP
cblr-3021	370	34	risk	risk	NOUN
cblr-3021	370	35	capital	capital	NOUN
cblr-3021	370	36	,	,	PUNCT
cblr-3021	370	37	and	and	CCONJ
cblr-3021	370	38	the	the	DET
cblr-3021	370	39	increasing	increase	VERB
cblr-3021	370	40	number	number	NOUN
cblr-3021	370	41	of	of	ADP
cblr-3021	370	42	qualified	qualified	ADJ
cblr-3021	370	43	investors	investor	NOUN
cblr-3021	370	44	necessitate	necessitate	ADJ
cblr-3021	370	45	enabling	enable	VERB
cblr-3021	370	46	statutes	statute	NOUN
cblr-3021	370	47	.	.	PUNCT
cblr-3021	371	1	see	see	VERB
cblr-3021	371	2	taylor	taylor	PROPN
cblr-3021	371	3	,	,	PUNCT
cblr-3021	371	4	supra	supra	PROPN
cblr-3021	371	5	note	note	PROPN
cblr-3021	371	6	67	67	NUM
cblr-3021	371	7	(	(	PUNCT
cblr-3021	371	8	discussing	discuss	VERB
cblr-3021	371	9	results	result	NOUN
cblr-3021	371	10	of	of	ADP
cblr-3021	371	11	dri	dri	PROPN
cblr-3021	371	12	-	-	PUNCT
cblr-3021	371	13	wefa	wefa	PROPN
cblr-3021	371	14	study	study	NOUN
cblr-3021	371	15	conducted	conduct	VERB
cblr-3021	371	16	in	in	ADP
cblr-3021	371	17	2000	2000	NUM
cblr-3021	371	18	on	on	ADP
cblr-3021	371	19	the	the	DET
cblr-3021	371	20	economic	economic	ADJ
cblr-3021	371	21	effects	effect	NOUN
cblr-3021	371	22	of	of	ADP
cblr-3021	371	23	venture	venture	NOUN
cblr-3021	371	24	capital	capital	NOUN
cblr-3021	371	25	)	)	PUNCT
cblr-3021	371	26	.	.	PUNCT
cblr-3021	372	1	70	70	NUM
cblr-3021	373	1	i	i	PRON
cblr-3021	373	2	d.	d.	PROPN
cblr-3021	373	3	"	"	PUNCT
cblr-3021	373	4	two	two	NUM
cblr-3021	373	5	non	non	ADJ
cblr-3021	373	6	-	-	ADJ
cblr-3021	373	7	profit	profit	ADJ
cblr-3021	373	8	groups	group	NOUN
cblr-3021	373	9	,	,	PUNCT
cblr-3021	373	10	the	the	DET
cblr-3021	373	11	capital	capital	NOUN
cblr-3021	373	12	formation	formation	NOUN
cblr-3021	373	13	and	and	CCONJ
cblr-3021	373	14	business	business	NOUN
cblr-3021	373	15	investment	investment	NOUN
cblr-3021	373	16	committee	committee	NOUN
cblr-3021	373	17	(	(	PUNCT
cblr-3021	373	18	"	"	PUNCT
cblr-3021	373	19	cfbic	cfbic	ADJ
cblr-3021	373	20	"	"	PUNCT
cblr-3021	373	21	)	)	PUNCT
cblr-3021	373	22	and	and	CCONJ
cblr-3021	373	23	california	california	PROPN
cblr-3021	373	24	capital	capital	PROPN
cblr-3021	373	25	access	access	PROPN
cblr-3021	373	26	forum	forum	PROPN
cblr-3021	373	27	(	(	PUNCT
cblr-3021	373	28	"	"	PUNCT
cblr-3021	373	29	ccaf	ccaf	NOUN
cblr-3021	373	30	"	"	PUNCT
cblr-3021	373	31	)	)	PUNCT
cblr-3021	373	32	,	,	PUNCT
cblr-3021	373	33	played	play	VERB
cblr-3021	373	34	an	an	DET
cblr-3021	373	35	integral	integral	ADJ
cblr-3021	373	36	role	role	NOUN
cblr-3021	373	37	in	in	ADP
cblr-3021	373	38	introducing	introduce	VERB
cblr-3021	373	39	and	and	CCONJ
cblr-3021	373	40	adopting	adopt	VERB
cblr-3021	373	41	the	the	DET
cblr-3021	373	42	bill	bill	NOUN
cblr-3021	373	43	.	.	PUNCT
cblr-3021	374	1	the	the	DET
cblr-3021	374	2	cfbic	cfbic	PROPN
cblr-3021	374	3	consists	consist	VERB
cblr-3021	374	4	of	of	ADP
cblr-3021	374	5	a	a	DET
cblr-3021	374	6	broad	broad	ADJ
cblr-3021	374	7	cross	cross	NOUN
cblr-3021	374	8	-	-	NOUN
cblr-3021	374	9	section	section	NOUN
cblr-3021	374	10	of	of	ADP
cblr-3021	374	11	venture	venture	NOUN
cblr-3021	374	12	capitalists	capitalist	NOUN
cblr-3021	374	13	,	,	PUNCT
cblr-3021	374	14	academics	academic	NOUN
cblr-3021	374	15	,	,	PUNCT
cblr-3021	374	16	policy	policy	NOUN
cblr-3021	374	17	makers	maker	NOUN
cblr-3021	374	18	,	,	PUNCT
cblr-3021	374	19	investment	investment	NOUN
cblr-3021	374	20	bankers	banker	NOUN
cblr-3021	374	21	,	,	PUNCT
cblr-3021	374	22	attorneys	attorney	NOUN
cblr-3021	374	23	,	,	PUNCT
cblr-3021	374	24	and	and	CCONJ
cblr-3021	374	25	small	small	ADJ
cblr-3021	374	26	business	business	NOUN
cblr-3021	374	27	executives	executive	NOUN
cblr-3021	374	28	.	.	PUNCT
cblr-3021	375	1	the	the	DET
cblr-3021	375	2	ccaf	ccaf	NOUN
cblr-3021	375	3	was	be	AUX
cblr-3021	375	4	founded	found	VERB
cblr-3021	375	5	in	in	ADP
cblr-3021	375	6	1995	1995	NUM
cblr-3021	375	7	and	and	CCONJ
cblr-3021	375	8	sponsored	sponsor	VERB
cblr-3021	375	9	three	three	NUM
cblr-3021	375	10	conferences	conference	NOUN
cblr-3021	375	11	on	on	ADP
cblr-3021	375	12	capital	capital	NOUN
cblr-3021	375	13	formation	formation	NOUN
cblr-3021	375	14	in	in	ADP
cblr-3021	375	15	1995	1995	NUM
cblr-3021	375	16	,	,	PUNCT
cblr-3021	375	17	1996	1996	NUM
cblr-3021	375	18	,	,	PUNCT
cblr-3021	375	19	and	and	CCONJ
cblr-3021	375	20	1997	1997	NUM
cblr-3021	375	21	with	with	ADP
cblr-3021	375	22	the	the	DET
cblr-3021	375	23	objective	objective	NOUN
cblr-3021	375	24	of	of	ADP
cblr-3021	375	25	promoting	promote	VERB
cblr-3021	375	26	dialogue	dialogue	NOUN
cblr-3021	375	27	between	between	ADP
cblr-3021	375	28	government	government	NOUN
cblr-3021	375	29	officials	official	NOUN
cblr-3021	375	30	and	and	CCONJ
cblr-3021	375	31	small	small	ADJ
cblr-3021	375	32	businesspersons	businessperson	NOUN
cblr-3021	375	33	.	.	PUNCT
cblr-3021	376	1	see	see	VERB
cblr-3021	376	2	bristow	bristow	PROPN
cblr-3021	376	3	&	&	CCONJ
cblr-3021	376	4	petillon	petillon	PROPN
cblr-3021	376	5	,	,	PUNCT
cblr-3021	376	6	supra	supra	PROPN
cblr-3021	376	7	note	note	NOUN
cblr-3021	376	8	5	5	NUM
cblr-3021	376	9	,	,	PUNCT
cblr-3021	376	10	at	at	ADP
cblr-3021	376	11	426	426	NUM
cblr-3021	376	12	.	.	NOUN
cblr-3021	376	13	72	72	NUM
cblr-3021	376	14	senator	senator	NOUN
cblr-3021	376	15	john	john	PROPN
cblr-3021	376	16	vasconcellos	vasconcellos	PROPN
cblr-3021	376	17	,	,	PUNCT
cblr-3021	376	18	a	a	DET
cblr-3021	376	19	liberal	liberal	ADJ
cblr-3021	376	20	democrat	democrat	PROPN
cblr-3021	376	21	from	from	ADP
cblr-3021	376	22	silicon	silicon	PROPN
cblr-3021	376	23	valley	valley	NOUN
cblr-3021	376	24	,	,	PUNCT
cblr-3021	376	25	and	and	CCONJ
cblr-3021	376	26	assemblyman	assemblyman	PROPN
cblr-3021	376	27	steve	steve	PROPN
cblr-3021	376	28	kuykendall	kuykendall	PROPN
cblr-3021	376	29	,	,	PUNCT
cblr-3021	376	30	a	a	DET
cblr-3021	376	31	conservative	conservative	ADJ
cblr-3021	376	32	republican	republican	PROPN
cblr-3021	376	33	from	from	ADP
cblr-3021	376	34	the	the	DET
cblr-3021	376	35	los	los	PROPN
cblr-3021	376	36	angeles	angeles	PROPN
cblr-3021	376	37	area	area	NOUN
cblr-3021	376	38	,	,	PUNCT
cblr-3021	376	39	co	co	VERB
cblr-3021	376	40	-	-	VERB
cblr-3021	376	41	sponsored	sponsor	VERB
cblr-3021	376	42	the	the	DET
cblr-3021	376	43	bill	bill	NOUN
cblr-3021	376	44	.	.	PUNCT
cblr-3021	377	1	lee	lee	PROPN
cblr-3021	377	2	petillon	petillon	PROPN
cblr-3021	377	3	,	,	PUNCT
cblr-3021	377	4	an	an	DET
cblr-3021	377	5	expert	expert	NOUN
cblr-3021	377	6	in	in	ADP
cblr-3021	377	7	securities	security	NOUN
cblr-3021	377	8	and	and	CCONJ
cblr-3021	377	9	corporate	corporate	ADJ
cblr-3021	377	10	law	law	NOUN
cblr-3021	377	11	and	and	CCONJ
cblr-3021	377	12	a	a	DET
cblr-3021	377	13	partner	partner	NOUN
cblr-3021	377	14	with	with	ADP
cblr-3021	377	15	petillon	petillon	NOUN
cblr-3021	377	16	&	&	CCONJ
cblr-3021	377	17	hansen	hansen	PROPN
cblr-3021	377	18	,	,	PUNCT
cblr-3021	377	19	a	a	DET
cblr-3021	377	20	law	law	NOUN
cblr-3021	377	21	firm	firm	NOUN
cblr-3021	377	22	based	base	VERB
cblr-3021	377	23	in	in	ADP
cblr-3021	377	24	torrance	torrance	NOUN
cblr-3021	377	25	,	,	PUNCT
cblr-3021	377	26	drafted	draft	VERB
cblr-3021	377	27	the	the	DET
cblr-3021	377	28	original	original	ADJ
cblr-3021	377	29	bill	bill	NOUN
cblr-3021	377	30	.	.	PUNCT
cblr-3021	378	1	the	the	DET
cblr-3021	378	2	department	department	PROPN
cblr-3021	378	3	of	of	ADP
cblr-3021	378	4	corporations	corporation	NOUN
cblr-3021	378	5	proposed	propose	VERB
cblr-3021	378	6	substantial	substantial	ADJ
cblr-3021	378	7	amendments	amendment	NOUN
cblr-3021	378	8	,	,	PUNCT
cblr-3021	378	9	notably	notably	ADV
cblr-3021	378	10	requiring	require	VERB
cblr-3021	378	11	concomitant	concomitant	ADJ
cblr-3021	378	12	regulation	regulation	NOUN
cblr-3021	378	13	of	of	ADP
cblr-3021	378	14	venture	venture	NOUN
cblr-3021	378	15	fund	fund	NOUN
cblr-3021	378	16	managers	manager	NOUN
cblr-3021	378	17	under	under	ADP
cblr-3021	378	18	the	the	DET
cblr-3021	378	19	investment	investment	NOUN
cblr-3021	378	20	advisers	adviser	NOUN
cblr-3021	378	21	act	act	VERB
cblr-3021	378	22	of	of	ADP
cblr-3021	378	23	1940	1940	NUM
cblr-3021	378	24	or	or	CCONJ
cblr-3021	378	25	the	the	DET
cblr-3021	378	26	california	california	PROPN
cblr-3021	378	27	corporate	corporate	ADJ
cblr-3021	378	28	securities	security	NOUN
cblr-3021	378	29	law	law	NOUN
cblr-3021	378	30	of	of	ADP
cblr-3021	378	31	1968	1968	NUM
cblr-3021	378	32	.	.	PUNCT
cblr-3021	379	1	after	after	ADP
cblr-3021	379	2	the	the	DET
cblr-3021	379	3	ensuing	ensue	VERB
cblr-3021	379	4	negotiations	negotiation	NOUN
cblr-3021	379	5	and	and	CCONJ
cblr-3021	379	6	compromises	compromise	NOUN
cblr-3021	379	7	,	,	PUNCT
cblr-3021	379	8	the	the	DET
cblr-3021	379	9	department	department	NOUN
cblr-3021	379	10	withdrew	withdraw	VERB
cblr-3021	379	11	its	its	PRON
cblr-3021	379	12	opposition	opposition	NOUN
cblr-3021	379	13	.	.	PUNCT
cblr-3021	380	1	no	no	INTJ
cblr-3021	380	2	.	.	NOUN
cblr-3021	380	3	1:771	1:771	NUM
cblr-3021	380	4	venture	venture	NOUN
cblr-3021	380	5	capital	capital	NOUN
cblr-3021	380	6	formation	formation	NOUN
cblr-3021	380	7	and	and	CCONJ
cblr-3021	380	8	access	access	NOUN
cblr-3021	380	9	columbia	columbia	PROPN
cblr-3021	380	10	business	business	PROPN
cblr-3021	380	11	la	la	PROPN
cblr-3021	380	12	w	w	PROPN
cblr-3021	380	13	review	review	PROPN
cblr-3021	380	14	compromise	compromise	NOUN
cblr-3021	380	15	legislation	legislation	NOUN
cblr-3021	380	16	between	between	ADP
cblr-3021	380	17	advocates	advocate	NOUN
cblr-3021	380	18	of	of	ADP
cblr-3021	380	19	regulatory	regulatory	ADJ
cblr-3021	380	20	relief	relief	NOUN
cblr-3021	380	21	and	and	CCONJ
cblr-3021	380	22	investor	investor	NOUN
cblr-3021	380	23	protection	protection	NOUN
cblr-3021	380	24	,	,	PUNCT
cblr-3021	380	25	the	the	DET
cblr-3021	380	26	cacl	cacl	PROPN
cblr-3021	380	27	may	may	AUX
cblr-3021	380	28	be	be	AUX
cblr-3021	380	29	even	even	ADV
cblr-3021	380	30	more	more	ADV
cblr-3021	380	31	important	important	ADJ
cblr-3021	380	32	for	for	SCONJ
cblr-3021	380	33	other	other	ADJ
cblr-3021	380	34	states	state	NOUN
cblr-3021	380	35	to	to	PART
cblr-3021	380	36	examine	examine	VERB
cblr-3021	380	37	,	,	PUNCT
cblr-3021	380	38	should	should	AUX
cblr-3021	380	39	they	they	PRON
cblr-3021	380	40	seek	seek	VERB
cblr-3021	380	41	to	to	PART
cblr-3021	380	42	improve	improve	VERB
cblr-3021	380	43	capital	capital	NOUN
cblr-3021	380	44	formation	formation	NOUN
cblr-3021	380	45	through	through	ADP
cblr-3021	380	46	§	§	PROPN
cblr-3021	380	47	6(a)(5	6(a)(5	NUM
cblr-3021	380	48	)	)	PUNCT
cblr-3021	380	49	of	of	ADP
cblr-3021	380	50	the	the	DET
cblr-3021	380	51	'	'	NUM
cblr-3021	380	52	40	40	NUM
cblr-3021	380	53	act	act	NOUN
cblr-3021	380	54	.	.	PUNCT
cblr-3021	381	1	2	2	X
cblr-3021	381	2	.	.	X
cblr-3021	381	3	description	description	NOUN
cblr-3021	381	4	of	of	ADP
cblr-3021	381	5	the	the	DET
cblr-3021	381	6	act	act	NOUN
cblr-3021	381	7	the	the	DET
cblr-3021	381	8	cacl	cacl	PROPN
cblr-3021	381	9	provides	provide	VERB
cblr-3021	381	10	for	for	ADP
cblr-3021	381	11	the	the	DET
cblr-3021	381	12	licensure	licensure	NOUN
cblr-3021	381	13	and	and	CCONJ
cblr-3021	381	14	regulation	regulation	NOUN
cblr-3021	381	15	by	by	ADP
cblr-3021	381	16	the	the	DET
cblr-3021	381	17	commissioner	commissioner	NOUN
cblr-3021	381	18	of	of	ADP
cblr-3021	381	19	corporations	corporation	NOUN
cblr-3021	381	20	of	of	ADP
cblr-3021	381	21	capital	capital	NOUN
cblr-3021	381	22	access	access	NOUN
cblr-3021	381	23	companies	company	NOUN
cblr-3021	381	24	and	and	CCONJ
cblr-3021	381	25	allows	allow	VERB
cblr-3021	381	26	them	they	PRON
cblr-3021	381	27	to	to	PART
cblr-3021	381	28	provide	provide	VERB
cblr-3021	381	29	risk	risk	NOUN
cblr-3021	381	30	capital	capital	NOUN
cblr-3021	381	31	and	and	CCONJ
cblr-3021	381	32	management	management	NOUN
cblr-3021	381	33	assistance	assistance	NOUN
cblr-3021	381	34	to	to	ADP
cblr-3021	381	35	small	small	ADJ
cblr-3021	381	36	businesses	business	NOUN
cblr-3021	381	37	in	in	ADP
cblr-3021	381	38	the	the	DET
cblr-3021	381	39	state	state	NOUN
cblr-3021	381	40	,	,	PUNCT
cblr-3021	381	41	exempt	exempt	ADJ
cblr-3021	381	42	from	from	ADP
cblr-3021	381	43	the	the	DET
cblr-3021	381	44	requirements	requirement	NOUN
cblr-3021	381	45	of	of	ADP
cblr-3021	381	46	the	the	DET
cblr-3021	381	47	'	'	NUM
cblr-3021	381	48	40	40	NUM
cblr-3021	381	49	act	act	NOUN
cblr-3021	381	50	.	.	PUNCT
cblr-3021	382	1	in	in	ADP
cblr-3021	382	2	addition	addition	NOUN
cblr-3021	382	3	to	to	ADP
cblr-3021	382	4	establishing	establish	VERB
cblr-3021	382	5	licensing	licensing	NOUN
cblr-3021	382	6	fees,7	fees,7	NOUN
cblr-3021	382	7	"	"	PUNCT
cblr-3021	382	8	civil	civil	ADJ
cblr-3021	382	9	and	and	CCONJ
cblr-3021	382	10	criminal	criminal	ADJ
cblr-3021	382	11	penalties	penalty	NOUN
cblr-3021	382	12	for	for	ADP
cblr-3021	382	13	violations,74	violations,74	NOUN
cblr-3021	382	14	and	and	CCONJ
cblr-3021	382	15	exempting	exempt	VERB
cblr-3021	382	16	the	the	DET
cblr-3021	382	17	offer	offer	NOUN
cblr-3021	382	18	and	and	CCONJ
cblr-3021	382	19	sale	sale	NOUN
cblr-3021	382	20	of	of	ADP
cblr-3021	382	21	licensee	licensee	NOUN
cblr-3021	382	22	securities	security	NOUN
cblr-3021	382	23	from	from	ADP
cblr-3021	382	24	qualification	qualification	NOUN
cblr-3021	382	25	under	under	ADP
cblr-3021	382	26	the	the	DET
cblr-3021	382	27	california	california	PROPN
cblr-3021	382	28	corporate	corporate	ADJ
cblr-3021	382	29	securities	security	NOUN
cblr-3021	382	30	law,75	law,75	ADP
cblr-3021	382	31	the	the	DET
cblr-3021	382	32	act	act	NOUN
cblr-3021	382	33	creates	create	VERB
cblr-3021	382	34	the	the	DET
cblr-3021	382	35	following	follow	VERB
cblr-3021	382	36	requirements	requirement	NOUN
cblr-3021	382	37	for	for	ADP
cblr-3021	382	38	registration	registration	NOUN
cblr-3021	382	39	:	:	PUNCT
cblr-3021	383	1	1	1	X
cblr-3021	383	2	.	.	PUNCT
cblr-3021	383	3	the	the	DET
cblr-3021	383	4	applicant	applicant	NOUN
cblr-3021	383	5	must	must	AUX
cblr-3021	383	6	have	have	VERB
cblr-3021	383	7	a	a	DET
cblr-3021	383	8	tangible	tangible	ADJ
cblr-3021	383	9	net	net	ADJ
cblr-3021	383	10	worth	worth	NOUN
cblr-3021	383	11	of	of	ADP
cblr-3021	383	12	at	at	ADV
cblr-3021	383	13	least	least	ADV
cblr-3021	383	14	$	$	SYM
cblr-3021	383	15	250,000.76	250,000.76	NUM
cblr-3021	383	16	2	2	NUM
cblr-3021	383	17	.	.	PUNCT
cblr-3021	384	1	the	the	DET
cblr-3021	384	2	applicant	applicant	NOUN
cblr-3021	384	3	must	must	AUX
cblr-3021	384	4	have	have	VERB
cblr-3021	384	5	funds	fund	NOUN
cblr-3021	384	6	of	of	ADP
cblr-3021	384	7	at	at	ADV
cblr-3021	384	8	least	least	ADV
cblr-3021	384	9	$	$	SYM
cblr-3021	384	10	5	5	NUM
cblr-3021	384	11	million	million	NUM
cblr-3021	384	12	available	available	ADJ
cblr-3021	384	13	for	for	ADP
cblr-3021	384	14	investment.77	investment.77	ADJ
cblr-3021	384	15	3	3	NUM
cblr-3021	384	16	.	.	PUNCT
cblr-3021	385	1	the	the	DET
cblr-3021	385	2	applicant	applicant	NOUN
cblr-3021	385	3	must	must	AUX
cblr-3021	385	4	have	have	VERB
cblr-3021	385	5	financial	financial	ADJ
cblr-3021	385	6	resources	resource	NOUN
cblr-3021	385	7	ample	ample	ADJ
cblr-3021	385	8	to	to	PART
cblr-3021	385	9	cover	cover	VERB
cblr-3021	385	10	expenses	expense	NOUN
cblr-3021	385	11	for	for	ADP
cblr-3021	385	12	three	three	NUM
cblr-3021	385	13	years	year	NOUN
cblr-3021	385	14	.	.	PUNCT
cblr-3021	386	1	8	8	NUM
cblr-3021	386	2	4	4	NUM
cblr-3021	386	3	.	.	PUNCT
cblr-3021	387	1	the	the	DET
cblr-3021	387	2	directors	director	NOUN
cblr-3021	387	3	,	,	PUNCT
cblr-3021	387	4	officers	officer	NOUN
cblr-3021	387	5	,	,	PUNCT
cblr-3021	387	6	and	and	CCONJ
cblr-3021	387	7	controlling	control	VERB
cblr-3021	387	8	persons	person	NOUN
cblr-3021	387	9	of	of	ADP
cblr-3021	387	10	the	the	DET
cblr-3021	387	11	applicant	applicant	NOUN
cblr-3021	387	12	must	must	AUX
cblr-3021	387	13	be	be	AUX
cblr-3021	387	14	"	"	PUNCT
cblr-3021	387	15	of	of	ADP
cblr-3021	387	16	good	good	ADJ
cblr-3021	387	17	character	character	NOUN
cblr-3021	387	18	and	and	CCONJ
cblr-3021	387	19	sound	sound	ADJ
cblr-3021	387	20	financial	financial	ADJ
cblr-3021	387	21	standing	standing	NOUN
cblr-3021	387	22	,	,	PUNCT
cblr-3021	387	23	competent	competent	ADJ
cblr-3021	387	24	to	to	PART
cblr-3021	387	25	perform	perform	VERB
cblr-3021	387	26	their	their	PRON
cblr-3021	387	27	functions	function	NOUN
cblr-3021	387	28	and	and	CCONJ
cblr-3021	387	29	collectively	collectively	ADV
cblr-3021	387	30	adequate	adequate	ADJ
cblr-3021	387	31	to	to	PART
cblr-3021	387	32	manage	manage	VERB
cblr-3021	387	33	the	the	DET
cblr-3021	387	34	business	business	NOUN
cblr-3021	387	35	of	of	ADP
cblr-3021	387	36	the	the	DET
cblr-3021	387	37	applicant	applicant	NOUN
cblr-3021	387	38	as	as	ADP
cblr-3021	387	39	a	a	DET
cblr-3021	387	40	capital	capital	NOUN
cblr-3021	387	41	access	access	NOUN
cblr-3021	387	42	company	company	NOUN
cblr-3021	387	43	.	.	PUNCT
cblr-3021	387	44	"79	"79	PUNCT
cblr-3021	388	1	the	the	DET
cblr-3021	388	2	commissioner	commissioner	NOUN
cblr-3021	388	3	can	can	AUX
cblr-3021	388	4	take	take	VERB
cblr-3021	388	5	into	into	ADP
cblr-3021	388	6	account	account	NOUN
cblr-3021	388	7	7	7	NUM
cblr-3021	388	8	capital	capital	NOUN
cblr-3021	388	9	access	access	NOUN
cblr-3021	388	10	company	company	NOUN
cblr-3021	388	11	law	law	NOUN
cblr-3021	388	12	,	,	PUNCT
cblr-3021	388	13	cal	cal	PROPN
cblr-3021	388	14	.	.	PUNCT
cblr-3021	388	15	corp	corp	PROPN
cblr-3021	388	16	.	.	PROPN
cblr-3021	388	17	code	code	PROPN
cblr-3021	388	18	§	§	PROPN
cblr-3021	388	19	28110	28110	NUM
cblr-3021	388	20	(	(	PUNCT
cblr-3021	388	21	west	west	NOUN
cblr-3021	388	22	supp	supp	PROPN
cblr-3021	388	23	.	.	PUNCT
cblr-3021	389	1	2004	2004	NUM
cblr-3021	389	2	)	)	PUNCT
cblr-3021	389	3	.	.	PUNCT
cblr-3021	390	1	74	74	NUM
cblr-3021	391	1	i	i	PRON
cblr-3021	391	2	d.	d.	PROPN
cblr-3021	391	3	§	§	PROPN
cblr-3021	391	4	§	§	PROPN
cblr-3021	391	5	28880	28880	NUM
cblr-3021	391	6	,	,	PUNCT
cblr-3021	391	7	28900	28900	NUM
cblr-3021	391	8	-	-	SYM
cblr-3021	391	9	28901	28901	NUM
cblr-3021	391	10	.	.	PUNCT
cblr-3021	392	1	75	75	NUM
cblr-3021	392	2	i	i	PROPN
cblr-3021	392	3	d.	d.	PROPN
cblr-3021	392	4	§	§	PROPN
cblr-3021	392	5	25102(p	25102(p	PROPN
cblr-3021	392	6	)	)	PUNCT
cblr-3021	392	7	.	.	PUNCT
cblr-3021	393	1	76	76	NUM
cblr-3021	394	1	i	i	PRON
cblr-3021	394	2	d.	d.	PROPN
cblr-3021	394	3	§	§	PROPN
cblr-3021	394	4	28152(a	28152(a	NOUN
cblr-3021	394	5	)	)	PUNCT
cblr-3021	394	6	.	.	PUNCT
cblr-3021	395	1	77	77	NUM
cblr-3021	396	1	i	i	PRON
cblr-3021	396	2	d.	d.	PROPN
cblr-3021	396	3	§	§	PROPN
cblr-3021	396	4	28152(b	28152(b	PROPN
cblr-3021	396	5	)	)	PUNCT
cblr-3021	396	6	.	.	PUNCT
cblr-3021	397	1	78	78	NUM
cblr-3021	398	1	i	i	PRON
cblr-3021	398	2	d.	d.	PROPN
cblr-3021	398	3	§	§	PROPN
cblr-3021	398	4	28152(c	28152(c	PROPN
cblr-3021	398	5	)	)	PUNCT
cblr-3021	398	6	.	.	PUNCT
cblr-3021	399	1	79	79	NUM
cblr-3021	400	1	i	i	PRON
cblr-3021	400	2	d.	d.	PROPN
cblr-3021	400	3	§	§	PROPN
cblr-3021	400	4	28152(d	28152(d	PROPN
cblr-3021	400	5	)	)	PUNCT
cblr-3021	400	6	.	.	PUNCT
cblr-3021	401	1	(	(	PUNCT
cblr-3021	401	2	vol	vol	NOUN
cblr-3021	401	3	.	.	NOUN
cblr-3021	401	4	2004	2004	NUM
cblr-3021	401	5	venture	venture	NOUN
cblr-3021	401	6	capital	capital	NOUN
cblr-3021	401	7	formation	formation	NOUN
cblr-3021	401	8	and	and	CCONJ
cblr-3021	401	9	access	access	NOUN
cblr-3021	401	10	"	"	PUNCT
cblr-3021	401	11	the	the	DET
cblr-3021	401	12	prior	prior	ADJ
cblr-3021	401	13	or	or	CCONJ
cblr-3021	401	14	current	current	ADJ
cblr-3021	401	15	successful	successful	ADJ
cblr-3021	401	16	track	track	NOUN
cblr-3021	401	17	record	record	NOUN
cblr-3021	401	18	of	of	ADP
cblr-3021	401	19	the	the	DET
cblr-3021	401	20	applicant	applicant	NOUN
cblr-3021	401	21	's	's	PART
cblr-3021	401	22	proposed	propose	VERB
cblr-3021	401	23	management	management	NOUN
cblr-3021	401	24	.	.	PUNCT
cblr-3021	402	1	""0	""0	NOUN
cblr-3021	402	2	5	5	NUM
cblr-3021	402	3	.	.	PUNCT
cblr-3021	403	1	any	any	DET
cblr-3021	403	2	person	person	NOUN
cblr-3021	403	3	who	who	PRON
cblr-3021	403	4	makes	make	VERB
cblr-3021	403	5	investment	investment	NOUN
cblr-3021	403	6	recommendations	recommendation	NOUN
cblr-3021	403	7	must	must	AUX
cblr-3021	403	8	be	be	AUX
cblr-3021	403	9	registered	register	VERB
cblr-3021	403	10	as	as	ADP
cblr-3021	403	11	an	an	DET
cblr-3021	403	12	investment	investment	NOUN
cblr-3021	403	13	advisor	advisor	NOUN
cblr-3021	403	14	under	under	ADP
cblr-3021	403	15	the	the	DET
cblr-3021	403	16	federal	federal	ADJ
cblr-3021	403	17	investor	investor	NOUN
cblr-3021	403	18	advisor	advisor	PROPN
cblr-3021	403	19	act	act	NOUN
cblr-3021	403	20	of	of	ADP
cblr-3021	403	21	1940	1940	NUM
cblr-3021	403	22	or	or	CCONJ
cblr-3021	403	23	california	california	PROPN
cblr-3021	403	24	corporate	corporate	ADJ
cblr-3021	403	25	securities	security	NOUN
cblr-3021	403	26	law	law	NOUN
cblr-3021	403	27	of	of	ADP
cblr-3021	403	28	1968.81	1968.81	NUM
cblr-3021	403	29	such	such	DET
cblr-3021	403	30	a	a	DET
cblr-3021	403	31	person	person	NOUN
cblr-3021	403	32	can	can	AUX
cblr-3021	403	33	not	not	PART
cblr-3021	403	34	have	have	AUX
cblr-3021	403	35	been	be	AUX
cblr-3021	403	36	convicted	convict	VERB
cblr-3021	403	37	of	of	ADP
cblr-3021	403	38	a	a	DET
cblr-3021	403	39	felony	felony	NOUN
cblr-3021	403	40	or	or	CCONJ
cblr-3021	403	41	misdemeanor	misdemeanor	NOUN
cblr-3021	403	42	arising	arise	VERB
cblr-3021	403	43	out	out	ADP
cblr-3021	403	44	of	of	ADP
cblr-3021	403	45	securities	security	NOUN
cblr-3021	403	46	transactions	transaction	NOUN
cblr-3021	403	47	or	or	CCONJ
cblr-3021	403	48	otherwise	otherwise	ADV
cblr-3021	403	49	involved	involve	VERB
cblr-3021	403	50	in	in	ADP
cblr-3021	403	51	fraudulent	fraudulent	ADJ
cblr-3021	403	52	transactions	transaction	NOUN
cblr-3021	403	53	.	.	PUNCT
cblr-3021	403	54	"	"	PUNCT
cblr-3021	404	1	6	6	NUM
cblr-3021	404	2	.	.	PUNCT
cblr-3021	405	1	the	the	DET
cblr-3021	405	2	applicant	applicant	NOUN
cblr-3021	405	3	will	will	AUX
cblr-3021	405	4	comply	comply	VERB
cblr-3021	405	5	with	with	ADP
cblr-3021	405	6	§	§	PROPN
cblr-3021	405	7	6(a)(5	6(a)(5	NUM
cblr-3021	405	8	)	)	PUNCT
cblr-3021	405	9	of	of	ADP
cblr-3021	405	10	the	the	DET
cblr-3021	405	11	'	'	NUM
cblr-3021	405	12	40	40	NUM
cblr-3021	405	13	act	act	NOUN
cblr-3021	405	14	and	and	CCONJ
cblr-3021	405	15	the	the	DET
cblr-3021	405	16	applicable	applicable	ADJ
cblr-3021	405	17	provisions	provision	NOUN
cblr-3021	405	18	of	of	ADP
cblr-3021	405	19	the	the	DET
cblr-3021	405	20	california	california	PROPN
cblr-3021	405	21	corporate	corporate	ADJ
cblr-3021	405	22	securities	security	NOUN
cblr-3021	405	23	law	law	NOUN
cblr-3021	405	24	of	of	ADP
cblr-3021	405	25	1968.3	1968.3	NUM
cblr-3021	405	26	the	the	DET
cblr-3021	405	27	act	act	NOUN
cblr-3021	405	28	also	also	ADV
cblr-3021	405	29	includes	include	VERB
cblr-3021	405	30	relevant	relevant	ADJ
cblr-3021	405	31	provisions	provision	NOUN
cblr-3021	405	32	of	of	ADP
cblr-3021	405	33	the	the	DET
cblr-3021	405	34	§	§	PROPN
cblr-3021	405	35	6(5)(a	6(5)(a	PROPN
cblr-3021	405	36	)	)	PUNCT
cblr-3021	405	37	exemption	exemption	NOUN
cblr-3021	405	38	such	such	ADJ
cblr-3021	405	39	as	as	ADP
cblr-3021	405	40	the	the	DET
cblr-3021	405	41	organizational	organizational	ADJ
cblr-3021	405	42	document	document	NOUN
cblr-3021	405	43	statement	statement	NOUN
cblr-3021	405	44	requirement	requirement	NOUN
cblr-3021	405	45	,	,	PUNCT
cblr-3021	405	46	the	the	DET
cblr-3021	405	47	80	80	NUM
cblr-3021	405	48	%	%	NOUN
cblr-3021	405	49	resident	resident	NOUN
cblr-3021	405	50	requirement	requirement	NOUN
cblr-3021	405	51	for	for	ADP
cblr-3021	405	52	the	the	DET
cblr-3021	405	53	sale	sale	NOUN
cblr-3021	405	54	of	of	ADP
cblr-3021	405	55	securities	security	NOUN
cblr-3021	405	56	,	,	PUNCT
cblr-3021	405	57	the	the	DET
cblr-3021	405	58	accredited	accredited	ADJ
cblr-3021	405	59	investor	investor	NOUN
cblr-3021	405	60	securities	security	NOUN
cblr-3021	405	61	sale	sale	NOUN
cblr-3021	405	62	restriction	restriction	NOUN
cblr-3021	405	63	,	,	PUNCT
cblr-3021	405	64	the	the	DET
cblr-3021	405	65	proscription	proscription	NOUN
cblr-3021	405	66	of	of	ADP
cblr-3021	405	67	issuing	issue	VERB
cblr-3021	405	68	redeemable	redeemable	ADJ
cblr-3021	405	69	securities	security	NOUN
cblr-3021	405	70	,	,	PUNCT
cblr-3021	405	71	and	and	CCONJ
cblr-3021	405	72	the	the	DET
cblr-3021	405	73	prohibition	prohibition	NOUN
cblr-3021	405	74	against	against	ADP
cblr-3021	405	75	purchasing	purchase	VERB
cblr-3021	405	76	securities	security	NOUN
cblr-3021	405	77	offered	offer	VERB
cblr-3021	405	78	by	by	ADP
cblr-3021	405	79	a	a	DET
cblr-3021	405	80	'	'	NUM
cblr-3021	405	81	40	40	NUM
cblr-3021	405	82	act	act	NOUN
cblr-3021	405	83	registered	register	VERB
cblr-3021	405	84	company	company	NOUN
cblr-3021	405	85	.	.	PUNCT
cblr-3021	406	1	3	3	X
cblr-3021	406	2	.	.	X
cblr-3021	406	3	analysis	analysis	NOUN
cblr-3021	406	4	of	of	ADP
cblr-3021	406	5	the	the	DET
cblr-3021	406	6	act	act	NOUN
cblr-3021	406	7	overall	overall	ADV
cblr-3021	406	8	,	,	PUNCT
cblr-3021	406	9	the	the	DET
cblr-3021	406	10	cacl	cacl	PROPN
cblr-3021	406	11	attempts	attempt	VERB
cblr-3021	406	12	to	to	PART
cblr-3021	406	13	provide	provide	VERB
cblr-3021	406	14	an	an	DET
cblr-3021	406	15	appreciable	appreciable	ADJ
cblr-3021	406	16	amount	amount	NOUN
cblr-3021	406	17	of	of	ADP
cblr-3021	406	18	regulatory	regulatory	ADJ
cblr-3021	406	19	relief	relief	NOUN
cblr-3021	406	20	while	while	SCONJ
cblr-3021	406	21	maintaining	maintain	VERB
cblr-3021	406	22	adequate	adequate	ADJ
cblr-3021	406	23	safeguards	safeguard	NOUN
cblr-3021	406	24	for	for	ADP
cblr-3021	406	25	investors.8	investors.8	PROPN
cblr-3021	406	26	4	4	NUM
cblr-3021	406	27	80	80	NUM
cblr-3021	406	28	i	i	NOUN
cblr-3021	406	29	d.	d.	PROPN
cblr-3021	406	30	81	81	NUM
cblr-3021	407	1	i	i	PROPN
cblr-3021	407	2	d.	d.	PROPN
cblr-3021	407	3	§	§	PROPN
cblr-3021	407	4	28152(e	28152(e	PROPN
cblr-3021	407	5	)	)	PUNCT
cblr-3021	407	6	.	.	PUNCT
cblr-3021	408	1	82	82	NUM
cblr-3021	409	1	i	i	PRON
cblr-3021	409	2	d.	d.	PROPN
cblr-3021	409	3	8	8	NUM
cblr-3021	409	4	i	i	PRON
cblr-3021	409	5	d.	d.	PROPN
cblr-3021	409	6	§	§	PROPN
cblr-3021	409	7	28151	28151	NUM
cblr-3021	409	8	.	.	PUNCT
cblr-3021	410	1	in	in	ADP
cblr-3021	410	2	addition	addition	NOUN
cblr-3021	410	3	,	,	PUNCT
cblr-3021	410	4	the	the	DET
cblr-3021	410	5	cacl	cacl	PROPN
cblr-3021	410	6	created	create	VERB
cblr-3021	410	7	a	a	DET
cblr-3021	410	8	fiscally	fiscally	ADV
cblr-3021	410	9	sound	sound	ADJ
cblr-3021	410	10	regulatory	regulatory	ADJ
cblr-3021	410	11	structure	structure	NOUN
cblr-3021	410	12	to	to	PART
cblr-3021	410	13	oversee	oversee	VERB
cblr-3021	410	14	the	the	DET
cblr-3021	410	15	registration	registration	NOUN
cblr-3021	410	16	process	process	NOUN
cblr-3021	410	17	.	.	PUNCT
cblr-3021	411	1	capital	capital	NOUN
cblr-3021	411	2	access	access	NOUN
cblr-3021	411	3	company	company	NOUN
cblr-3021	411	4	law	law	NOUN
cblr-3021	411	5	:	:	PUNCT
cblr-3021	411	6	hearing	hear	VERB
cblr-3021	411	7	on	on	ADP
cblr-3021	411	8	sb2189	sb2189	PROPN
cblr-3021	411	9	before	before	ADP
cblr-3021	411	10	assembly	assembly	NOUN
cblr-3021	411	11	committee	committee	NOUN
cblr-3021	411	12	on	on	ADP
cblr-3021	411	13	appropriations	appropriation	NOUN
cblr-3021	411	14	,	,	PUNCT
cblr-3021	411	15	1998	1998	NUM
cblr-3021	411	16	leg	leg	NOUN
cblr-3021	411	17	.	.	PUNCT
cblr-3021	412	1	(	(	PUNCT
cblr-3021	412	2	cal	cal	X
cblr-3021	412	3	.	.	NOUN
cblr-3021	412	4	1998	1998	NUM
cblr-3021	412	5	)	)	PUNCT
cblr-3021	412	6	(	(	PUNCT
cblr-3021	412	7	fiscal	fiscal	ADJ
cblr-3021	412	8	summary	summary	NOUN
cblr-3021	412	9	)	)	PUNCT
cblr-3021	412	10	,	,	PUNCT
cblr-3021	412	11	available	available	ADJ
cblr-3021	412	12	at	at	ADP
cblr-3021	412	13	http://www.leginfo.ca.gov/pub/9798/bill/sen/sb_2151-2200/sb_2189_cfa_19980512_124341_sen	http://www.leginfo.ca.gov/pub/9798/bill/sen/sb_2151-2200/sb_2189_cfa_19980512_124341_sen	ADJ
cblr-3021	412	14	comm.html	comm.html	PROPN
cblr-3021	412	15	(	(	PUNCT
cblr-3021	412	16	last	last	ADV
cblr-3021	412	17	visited	visit	VERB
cblr-3021	412	18	dec	dec	PROPN
cblr-3021	412	19	.	.	PROPN
cblr-3021	412	20	3	3	NUM
cblr-3021	412	21	,	,	PUNCT
cblr-3021	412	22	1999	1999	NUM
cblr-3021	412	23	)	)	PUNCT
cblr-3021	413	1	(	(	PUNCT
cblr-3021	413	2	noting	note	VERB
cblr-3021	413	3	that	that	SCONJ
cblr-3021	413	4	application	application	NOUN
cblr-3021	413	5	fees	fee	NOUN
cblr-3021	413	6	will	will	AUX
cblr-3021	413	7	offset	offset	VERB
cblr-3021	413	8	all	all	DET
cblr-3021	413	9	costs	cost	NOUN
cblr-3021	413	10	)	)	PUNCT
cblr-3021	413	11	;	;	PUNCT
cblr-3021	413	12	see	see	VERB
cblr-3021	413	13	also	also	ADV
cblr-3021	413	14	capital	capital	NOUN
cblr-3021	413	15	access	access	NOUN
cblr-3021	413	16	company	company	NOUN
cblr-3021	413	17	law	law	NOUN
cblr-3021	413	18	:	:	PUNCT
cblr-3021	413	19	hearing	hear	VERB
cblr-3021	413	20	on	on	ADP
cblr-3021	413	21	sb2189	sb2189	PROPN
cblr-3021	413	22	before	before	ADP
cblr-3021	413	23	no	no	PRON
cblr-3021	413	24	.	.	PUNCT
cblr-3021	414	1	1:77	1:77	NUM
cblr-3021	414	2	]	]	X
cblr-3021	414	3	(	(	PUNCT
cblr-3021	414	4	i	i	NOUN
cblr-3021	414	5	)	)	PUNCT
cblr-3021	414	6	regulatory	regulatory	ADJ
cblr-3021	414	7	relief	relief	NOUN
cblr-3021	414	8	the	the	DET
cblr-3021	414	9	most	most	ADV
cblr-3021	414	10	important	important	ADJ
cblr-3021	414	11	feature	feature	NOUN
cblr-3021	414	12	of	of	ADP
cblr-3021	414	13	the	the	DET
cblr-3021	414	14	act	act	NOUN
cblr-3021	414	15	is	be	AUX
cblr-3021	414	16	that	that	SCONJ
cblr-3021	414	17	licensees	licensee	NOUN
cblr-3021	414	18	no	no	ADV
cblr-3021	414	19	longer	long	ADV
cblr-3021	414	20	need	need	VERB
cblr-3021	414	21	to	to	PART
cblr-3021	414	22	limit	limit	VERB
cblr-3021	414	23	themselves	themselves	PRON
cblr-3021	414	24	to	to	ADP
cblr-3021	414	25	under	under	ADP
cblr-3021	414	26	one	one	NUM
cblr-3021	414	27	hundred	hundred	NUM
cblr-3021	414	28	shareholders	shareholder	NOUN
cblr-3021	414	29	.	.	PUNCT
cblr-3021	415	1	under	under	ADP
cblr-3021	415	2	the	the	DET
cblr-3021	415	3	'	'	NUM
cblr-3021	415	4	40	40	NUM
cblr-3021	415	5	act	act	NOUN
cblr-3021	415	6	,	,	PUNCT
cblr-3021	415	7	venture	venture	NOUN
cblr-3021	415	8	capital	capital	NOUN
cblr-3021	415	9	funds	fund	NOUN
cblr-3021	415	10	often	often	ADV
cblr-3021	415	11	excluded	exclude	VERB
cblr-3021	415	12	accredited	accredited	ADJ
cblr-3021	415	13	investors	investor	NOUN
cblr-3021	415	14	in	in	ADP
cblr-3021	415	15	order	order	NOUN
cblr-3021	415	16	to	to	PART
cblr-3021	415	17	retain	retain	VERB
cblr-3021	415	18	their	their	PRON
cblr-3021	415	19	exempted	exempt	VERB
cblr-3021	415	20	status	status	NOUN
cblr-3021	415	21	.	.	PUNCT
cblr-3021	416	1	however	however	ADV
cblr-3021	416	2	,	,	PUNCT
cblr-3021	416	3	funds	fund	NOUN
cblr-3021	416	4	now	now	ADV
cblr-3021	416	5	will	will	AUX
cblr-3021	416	6	not	not	PART
cblr-3021	416	7	be	be	AUX
cblr-3021	416	8	as	as	SCONJ
cblr-3021	416	9	restricted	restrict	VERB
cblr-3021	416	10	in	in	ADP
cblr-3021	416	11	the	the	DET
cblr-3021	416	12	number	number	NOUN
cblr-3021	416	13	of	of	ADP
cblr-3021	416	14	investors	investor	NOUN
cblr-3021	416	15	,	,	PUNCT
cblr-3021	416	16	allowing	allow	VERB
cblr-3021	416	17	for	for	ADP
cblr-3021	416	18	a	a	DET
cblr-3021	416	19	greater	great	ADJ
cblr-3021	416	20	commitment	commitment	NOUN
cblr-3021	416	21	of	of	ADP
cblr-3021	416	22	capital	capital	NOUN
cblr-3021	416	23	.	.	PUNCT
cblr-3021	417	1	as	as	ADP
cblr-3021	417	2	a	a	DET
cblr-3021	417	3	practical	practical	ADJ
cblr-3021	417	4	matter	matter	NOUN
cblr-3021	417	5	,	,	PUNCT
cblr-3021	417	6	funds	fund	NOUN
cblr-3021	417	7	still	still	ADV
cblr-3021	417	8	will	will	AUX
cblr-3021	417	9	be	be	AUX
cblr-3021	417	10	limited	limit	VERB
cblr-3021	417	11	to	to	ADP
cblr-3021	417	12	five	five	NUM
cblr-3021	417	13	hundred	hundred	NUM
cblr-3021	417	14	qualified	qualified	ADJ
cblr-3021	417	15	purchasers	purchaser	NOUN
cblr-3021	417	16	,	,	PUNCT
cblr-3021	417	17	which	which	PRON
cblr-3021	417	18	is	be	AUX
cblr-3021	417	19	the	the	DET
cblr-3021	417	20	threshold	threshold	NOUN
cblr-3021	417	21	for	for	ADP
cblr-3021	417	22	regulation	regulation	NOUN
cblr-3021	417	23	as	as	ADP
cblr-3021	417	24	a	a	DET
cblr-3021	417	25	public	public	ADJ
cblr-3021	417	26	entity	entity	NOUN
cblr-3021	417	27	under	under	ADP
cblr-3021	417	28	the	the	DET
cblr-3021	417	29	securities	security	NOUN
cblr-3021	417	30	act	act	NOUN
cblr-3021	417	31	of	of	ADP
cblr-3021	417	32	1934	1934	NUM
cblr-3021	417	33	.	.	PUNCT
cblr-3021	418	1	nevertheless	nevertheless	ADV
cblr-3021	418	2	,	,	PUNCT
cblr-3021	418	3	more	more	ADV
cblr-3021	418	4	qualified	qualified	ADJ
cblr-3021	418	5	investors	investor	NOUN
cblr-3021	418	6	who	who	PRON
cblr-3021	418	7	previously	previously	ADV
cblr-3021	418	8	lacked	lack	VERB
cblr-3021	418	9	the	the	DET
cblr-3021	418	10	desire	desire	NOUN
cblr-3021	418	11	or	or	CCONJ
cblr-3021	418	12	the	the	DET
cblr-3021	418	13	means	mean	NOUN
cblr-3021	418	14	to	to	PART
cblr-3021	418	15	establish	establish	VERB
cblr-3021	418	16	their	their	PRON
cblr-3021	418	17	own	own	ADJ
cblr-3021	418	18	fund	fund	NOUN
cblr-3021	418	19	now	now	ADV
cblr-3021	418	20	can	can	AUX
cblr-3021	418	21	participate	participate	VERB
cblr-3021	418	22	in	in	ADP
cblr-3021	418	23	capital	capital	NOUN
cblr-3021	418	24	access	access	NOUN
cblr-3021	418	25	companies	company	NOUN
cblr-3021	418	26	.	.	PUNCT
cblr-3021	419	1	as	as	ADV
cblr-3021	419	2	many	many	ADJ
cblr-3021	419	3	as	as	ADP
cblr-3021	419	4	half	half	DET
cblr-3021	419	5	a	a	DET
cblr-3021	419	6	million	million	NUM
cblr-3021	419	7	accredited	accredit	VERB
cblr-3021	419	8	investors	investor	NOUN
cblr-3021	419	9	with	with	ADP
cblr-3021	419	10	assets	asset	NOUN
cblr-3021	419	11	available	available	ADJ
cblr-3021	419	12	for	for	ADP
cblr-3021	419	13	investment	investment	NOUN
cblr-3021	419	14	totaling	total	VERB
cblr-3021	419	15	$	$	SYM
cblr-3021	419	16	582	582	NUM
cblr-3021	419	17	billion	billion	NUM
cblr-3021	419	18	in	in	ADP
cblr-3021	419	19	california	california	PROPN
cblr-3021	419	20	alone	alone	ADV
cblr-3021	419	21	may	may	AUX
cblr-3021	419	22	be	be	AUX
cblr-3021	419	23	interested	interested	ADJ
cblr-3021	419	24	in	in	ADP
cblr-3021	419	25	committing	commit	VERB
cblr-3021	419	26	capital	capital	NOUN
cblr-3021	419	27	to	to	ADP
cblr-3021	419	28	public	public	ADJ
cblr-3021	419	29	5	5	NUM
cblr-3021	419	30	venture	venture	NOUN
cblr-3021	419	31	funds.86	funds.86	NOUN
cblr-3021	419	32	the	the	DET
cblr-3021	419	33	effect	effect	NOUN
cblr-3021	419	34	is	be	AUX
cblr-3021	419	35	twofold	twofold	ADJ
cblr-3021	419	36	.	.	PUNCT
cblr-3021	420	1	first	first	ADV
cblr-3021	420	2	,	,	PUNCT
cblr-3021	420	3	more	more	ADJ
cblr-3021	420	4	capital	capital	NOUN
cblr-3021	420	5	will	will	AUX
cblr-3021	420	6	become	become	VERB
cblr-3021	420	7	available	available	ADJ
cblr-3021	420	8	to	to	ADP
cblr-3021	420	9	emerging	emerge	VERB
cblr-3021	420	10	enterprises	enterprise	NOUN
cblr-3021	420	11	.	.	PUNCT
cblr-3021	421	1	second	second	ADJ
cblr-3021	421	2	,	,	PUNCT
cblr-3021	421	3	a	a	DET
cblr-3021	421	4	greater	great	ADJ
cblr-3021	421	5	number	number	NOUN
cblr-3021	421	6	of	of	ADP
cblr-3021	421	7	people	people	NOUN
cblr-3021	421	8	can	can	AUX
cblr-3021	421	9	enjoy	enjoy	VERB
cblr-3021	421	10	the	the	DET
cblr-3021	421	11	high	high	ADJ
cblr-3021	421	12	,	,	PUNCT
cblr-3021	421	13	realized	realize	VERB
cblr-3021	421	14	returns	return	NOUN
cblr-3021	421	15	of	of	ADP
cblr-3021	421	16	venture	venture	NOUN
cblr-3021	421	17	capital	capital	NOUN
cblr-3021	421	18	funds.87	funds.87	NOUN
cblr-3021	421	19	assembly	assembly	NOUN
cblr-3021	421	20	committee	committee	NOUN
cblr-3021	421	21	on	on	ADP
cblr-3021	421	22	appropriations	appropriation	NOUN
cblr-3021	421	23	,	,	PUNCT
cblr-3021	421	24	1998	1998	NUM
cblr-3021	421	25	leg	leg	NOUN
cblr-3021	421	26	.	.	PUNCT
cblr-3021	422	1	(	(	PUNCT
cblr-3021	422	2	cal	cal	X
cblr-3021	422	3	.	.	PUNCT
cblr-3021	422	4	1998	1998	NUM
cblr-3021	422	5	)	)	PUNCT
cblr-3021	423	1	(	(	PUNCT
cblr-3021	423	2	bill	bill	NOUN
cblr-3021	423	3	information	information	PROPN
cblr-3021	423	4	)	)	PUNCT
cblr-3021	423	5	,	,	PUNCT
cblr-3021	423	6	available	available	ADJ
cblr-3021	423	7	at	at	ADP
cblr-3021	423	8	http://www.leginfo.ca.gov/pub/97-98/bill/sen/sb	http://www.leginfo.ca.gov/pub/97-98/bill/sen/sb	PROPN
cblr-3021	423	9	_	_	NOUN
cblr-3021	423	10	2151	2151	NUM
cblr-3021	423	11	-	-	SYM
cblr-3021	423	12	2200	2200	NUM
cblr-3021	423	13	/	/	SYM
cblr-3021	423	14	sb_2189_cfa_19980803_155911_asmcomm.html	sb_2189_cfa_19980803_155911_asmcomm.html	PUNCT
cblr-3021	423	15	(	(	PUNCT
cblr-3021	423	16	last	last	ADV
cblr-3021	423	17	visited	visit	VERB
cblr-3021	423	18	dec	dec	PROPN
cblr-3021	423	19	.	.	PROPN
cblr-3021	423	20	3	3	NUM
cblr-3021	423	21	,	,	PUNCT
cblr-3021	423	22	1999	1999	NUM
cblr-3021	423	23	)	)	PUNCT
cblr-3021	423	24	.	.	PUNCT
cblr-3021	423	25	'	'	PUNCT
cblr-3021	424	1	"	"	PUNCT
cblr-3021	424	2	public	public	ADJ
cblr-3021	424	3	"	"	PUNCT
cblr-3021	424	4	here	here	ADV
cblr-3021	424	5	refers	refer	VERB
cblr-3021	424	6	to	to	ADP
cblr-3021	424	7	a	a	DET
cblr-3021	424	8	fund	fund	NOUN
cblr-3021	424	9	owned	own	VERB
cblr-3021	424	10	by	by	ADP
cblr-3021	424	11	many	many	ADJ
cblr-3021	424	12	shareholders	shareholder	NOUN
cblr-3021	424	13	-	-	PUNCT
cblr-3021	424	14	not	not	PART
cblr-3021	424	15	necessarily	necessarily	ADV
cblr-3021	424	16	a	a	DET
cblr-3021	424	17	fund	fund	NOUN
cblr-3021	424	18	that	that	PRON
cblr-3021	424	19	has	have	VERB
cblr-3021	424	20	shares	share	NOUN
cblr-3021	424	21	traded	trade	VERB
cblr-3021	424	22	in	in	ADP
cblr-3021	424	23	the	the	DET
cblr-3021	424	24	public	public	ADJ
cblr-3021	424	25	markets	market	NOUN
cblr-3021	424	26	.	.	PUNCT
cblr-3021	425	1	86	86	NUM
cblr-3021	425	2	philip	philip	PROPN
cblr-3021	425	3	crawford	crawford	PROPN
cblr-3021	425	4	,	,	PUNCT
cblr-3021	425	5	california	california	PROPN
cblr-3021	425	6	is	be	AUX
cblr-3021	425	7	new	new	ADJ
cblr-3021	425	8	frontier	frontier	NOUN
cblr-3021	425	9	for	for	ADP
cblr-3021	425	10	private	private	ADJ
cblr-3021	425	11	bankers	banker	NOUN
cblr-3021	425	12	,	,	PUNCT
cblr-3021	425	13	int'l	int'l	ADP
cblr-3021	425	14	herald	herald	PROPN
cblr-3021	425	15	trib	trib	PROPN
cblr-3021	425	16	.	.	PROPN
cblr-3021	425	17	,	,	PUNCT
cblr-3021	425	18	oct	oct	PROPN
cblr-3021	425	19	.	.	PROPN
cblr-3021	425	20	31	31	NUM
cblr-3021	425	21	,	,	PUNCT
cblr-3021	425	22	1994	1994	NUM
cblr-3021	425	23	,	,	PUNCT
cblr-3021	425	24	at	at	ADP
cblr-3021	425	25	16	16	NUM
cblr-3021	425	26	.	.	PUNCT
cblr-3021	426	1	the	the	DET
cblr-3021	426	2	article	article	NOUN
cblr-3021	426	3	cites	cite	VERB
cblr-3021	426	4	a	a	DET
cblr-3021	426	5	survey	survey	NOUN
cblr-3021	426	6	of	of	ADP
cblr-3021	426	7	affluent	affluent	ADJ
cblr-3021	426	8	california	california	PROPN
cblr-3021	426	9	families	family	NOUN
cblr-3021	426	10	which	which	PRON
cblr-3021	426	11	found	find	VERB
cblr-3021	426	12	304,000	304,000	NUM
cblr-3021	426	13	families	family	NOUN
cblr-3021	426	14	with	with	ADP
cblr-3021	426	15	assets	asset	NOUN
cblr-3021	426	16	of	of	ADP
cblr-3021	426	17	$	$	SYM
cblr-3021	426	18	1	1	NUM
cblr-3021	426	19	-	-	SYM
cblr-3021	426	20	2	2	NUM
cblr-3021	426	21	million	million	NUM
cblr-3021	426	22	,	,	PUNCT
cblr-3021	426	23	94,000	94,000	NUM
cblr-3021	426	24	families	family	NOUN
cblr-3021	426	25	with	with	ADP
cblr-3021	426	26	assets	asset	NOUN
cblr-3021	426	27	of	of	ADP
cblr-3021	426	28	$	$	SYM
cblr-3021	426	29	2	2	NUM
cblr-3021	426	30	-	-	SYM
cblr-3021	426	31	5	5	NUM
cblr-3021	426	32	million	million	NUM
cblr-3021	426	33	,	,	PUNCT
cblr-3021	426	34	and	and	CCONJ
cblr-3021	426	35	18,000	18,000	NUM
cblr-3021	426	36	families	family	NOUN
cblr-3021	426	37	with	with	ADP
cblr-3021	426	38	$	$	SYM
cblr-3021	426	39	5	5	NUM
cblr-3021	426	40	million	million	NUM
cblr-3021	426	41	or	or	CCONJ
cblr-3021	426	42	more	more	ADJ
cblr-3021	426	43	for	for	ADP
cblr-3021	426	44	a	a	DET
cblr-3021	426	45	total	total	NOUN
cblr-3021	426	46	of	of	ADP
cblr-3021	426	47	406,000	406,000	NUM
cblr-3021	426	48	families	family	NOUN
cblr-3021	426	49	with	with	ADP
cblr-3021	426	50	$	$	SYM
cblr-3021	426	51	582	582	NUM
cblr-3021	426	52	billion	billion	NUM
cblr-3021	426	53	in	in	ADP
cblr-3021	426	54	assets	asset	NOUN
cblr-3021	426	55	available	available	ADJ
cblr-3021	426	56	for	for	ADP
cblr-3021	426	57	investment	investment	NOUN
cblr-3021	426	58	.	.	PUNCT
cblr-3021	427	1	87	87	NUM
cblr-3021	427	2	see	see	VERB
cblr-3021	427	3	michael	michael	PROPN
cblr-3021	427	4	selz	selz	PROPN
cblr-3021	427	5	,	,	PUNCT
cblr-3021	427	6	venture	venture	NOUN
cblr-3021	427	7	capital	capital	NOUN
cblr-3021	427	8	investors	investor	NOUN
cblr-3021	427	9	set	set	VERB
cblr-3021	427	10	a	a	DET
cblr-3021	427	11	record	record	NOUN
cblr-3021	427	12	last	last	ADJ
cblr-3021	427	13	year	year	NOUN
cblr-3021	427	14	with	with	ADP
cblr-3021	427	15	$	$	SYM
cblr-3021	427	16	11.4	11.4	NUM
cblr-3021	427	17	billion	billion	NUM
cblr-3021	427	18	in	in	ADP
cblr-3021	427	19	funding	funding	NOUN
cblr-3021	427	20	,	,	PUNCT
cblr-3021	427	21	wall	wall	PROPN
cblr-3021	427	22	st	st	PROPN
cblr-3021	427	23	.	.	PROPN
cblr-3021	427	24	j.	j.	PROPN
cblr-3021	427	25	,	,	PUNCT
cblr-3021	427	26	feb	feb	PROPN
cblr-3021	427	27	.	.	PROPN
cblr-3021	427	28	2	2	NUM
cblr-3021	427	29	,	,	PUNCT
cblr-3021	427	30	1998	1998	NUM
cblr-3021	427	31	,	,	PUNCT
cblr-3021	427	32	at	at	ADP
cblr-3021	427	33	b2	b2	NOUN
cblr-3021	427	34	.	.	PUNCT
cblr-3021	428	1	venture	venture	NOUN
cblr-3021	428	2	capital	capital	NOUN
cblr-3021	428	3	returns	return	NOUN
cblr-3021	428	4	in	in	ADP
cblr-3021	428	5	fact	fact	NOUN
cblr-3021	428	6	have	have	AUX
cblr-3021	428	7	exceeded	exceed	VERB
cblr-3021	428	8	those	those	PRON
cblr-3021	428	9	of	of	ADP
cblr-3021	428	10	the	the	DET
cblr-3021	428	11	s&p	s&p	PROPN
cblr-3021	428	12	500	500	NUM
cblr-3021	428	13	since	since	SCONJ
cblr-3021	428	14	the	the	DET
cblr-3021	428	15	mid1970s	mid1970s	NOUN
cblr-3021	428	16	,	,	PUNCT
cblr-3021	428	17	even	even	ADV
cblr-3021	428	18	when	when	SCONJ
cblr-3021	428	19	viewed	view	VERB
cblr-3021	428	20	over	over	ADP
cblr-3021	428	21	a	a	DET
cblr-3021	428	22	longer	long	ADJ
cblr-3021	428	23	time	time	NOUN
cblr-3021	428	24	horizon	horizon	NOUN
cblr-3021	428	25	.	.	PUNCT
cblr-3021	429	1	from	from	ADP
cblr-3021	429	2	1968	1968	NUM
cblr-3021	429	3	to	to	ADP
cblr-3021	429	4	1983	1983	NUM
cblr-3021	429	5	,	,	PUNCT
cblr-3021	429	6	the	the	DET
cblr-3021	429	7	compounded	compound	VERB
cblr-3021	429	8	annual	annual	ADJ
cblr-3021	429	9	rate	rate	NOUN
cblr-3021	429	10	of	of	ADP
cblr-3021	429	11	return	return	NOUN
cblr-3021	429	12	for	for	ADP
cblr-3021	429	13	the	the	DET
cblr-3021	429	14	s&p	s&p	PROPN
cblr-3021	429	15	500	500	NUM
cblr-3021	429	16	was	be	AUX
cblr-3021	429	17	7.9	7.9	NUM
cblr-3021	429	18	%	%	NOUN
cblr-3021	429	19	compared	compare	VERB
cblr-3021	429	20	to	to	ADP
cblr-3021	429	21	reports	report	NOUN
cblr-3021	429	22	of	of	ADP
cblr-3021	429	23	20	20	NUM
cblr-3021	429	24	%	%	NOUN
cblr-3021	429	25	for	for	ADP
cblr-3021	429	26	venture	venture	NOUN
cblr-3021	429	27	capital	capital	NOUN
cblr-3021	429	28	funds	fund	NOUN
cblr-3021	429	29	.	.	PUNCT
cblr-3021	430	1	see	see	VERB
cblr-3021	430	2	john	john	PROPN
cblr-3021	430	3	w.	w.	PROPN
cblr-3021	430	4	wilson	wilson	PROPN
cblr-3021	430	5	,	,	PUNCT
cblr-3021	430	6	the	the	DET
cblr-3021	430	7	new	new	ADJ
cblr-3021	430	8	ventures	venture	NOUN
cblr-3021	430	9	,	,	PUNCT
cblr-3021	430	10	inside	inside	ADP
cblr-3021	430	11	the	the	DET
cblr-3021	430	12	high	high	ADJ
cblr-3021	430	13	-	-	PUNCT
cblr-3021	430	14	stakes	stake	NOUN
cblr-3021	430	15	world	world	NOUN
cblr-3021	430	16	of	of	ADP
cblr-3021	430	17	venture	venture	NOUN
cblr-3021	430	18	capital	capital	NOUN
cblr-3021	430	19	(	(	PUNCT
cblr-3021	430	20	1985	1985	NUM
cblr-3021	430	21	)	)	PUNCT
cblr-3021	430	22	.	.	PUNCT
cblr-3021	431	1	this	this	DET
cblr-3021	431	2	time	time	NOUN
cblr-3021	431	3	period	period	NOUN
cblr-3021	431	4	was	be	AUX
cblr-3021	431	5	before	before	ADP
cblr-3021	431	6	the	the	DET
cblr-3021	431	7	beginning	beginning	NOUN
cblr-3021	431	8	of	of	ADP
cblr-3021	431	9	the	the	DET
cblr-3021	431	10	great	great	ADJ
cblr-3021	431	11	bull	bull	NOUN
cblr-3021	431	12	market	market	NOUN
cblr-3021	431	13	.	.	PUNCT
cblr-3021	432	1	columbia	columbia	PROPN
cblr-3021	432	2	business	business	PROPN
cblr-3021	432	3	la	la	PROPN
cblr-3021	432	4	w	w	PROPN
cblr-3021	432	5	review	review	NOUN
cblr-3021	432	6	[	[	X
cblr-3021	432	7	vol	vol	NOUN
cblr-3021	432	8	.	.	PUNCT
cblr-3021	432	9	2004	2004	NUM
cblr-3021	432	10	venture	venture	NOUN
cblr-3021	432	11	capital	capital	NOUN
cblr-3021	432	12	formation	formation	NOUN
cblr-3021	432	13	and	and	CCONJ
cblr-3021	432	14	access	access	NOUN
cblr-3021	432	15	the	the	DET
cblr-3021	432	16	results	result	NOUN
cblr-3021	432	17	are	be	AUX
cblr-3021	432	18	critical	critical	ADJ
cblr-3021	432	19	to	to	ADP
cblr-3021	432	20	the	the	DET
cblr-3021	432	21	formation	formation	NOUN
cblr-3021	432	22	of	of	ADP
cblr-3021	432	23	capital	capital	NOUN
cblr-3021	432	24	.	.	PUNCT
cblr-3021	433	1	while	while	SCONJ
cblr-3021	433	2	they	they	PRON
cblr-3021	433	3	have	have	AUX
cblr-3021	433	4	become	become	VERB
cblr-3021	433	5	more	more	ADV
cblr-3021	433	6	prevalent	prevalent	ADJ
cblr-3021	433	7	,	,	PUNCT
cblr-3021	433	8	institutional	institutional	ADJ
cblr-3021	433	9	venture	venture	NOUN
cblr-3021	433	10	funds	fund	NOUN
cblr-3021	433	11	offer	offer	VERB
cblr-3021	433	12	less	less	ADJ
cblr-3021	433	13	than	than	ADP
cblr-3021	433	14	20	20	NUM
cblr-3021	433	15	%	%	NOUN
cblr-3021	433	16	of	of	ADP
cblr-3021	433	17	their	their	PRON
cblr-3021	433	18	capital	capital	NOUN
cblr-3021	433	19	to	to	ADP
cblr-3021	433	20	early	early	ADJ
cblr-3021	433	21	stage	stage	NOUN
cblr-3021	433	22	companies	company	NOUN
cblr-3021	433	23	.	.	PUNCT
cblr-3021	434	1	88	88	NUM
cblr-3021	434	2	only	only	ADV
cblr-3021	434	3	about	about	ADV
cblr-3021	434	4	1	1	NUM
cblr-3021	434	5	%	%	NOUN
cblr-3021	434	6	of	of	ADP
cblr-3021	434	7	the	the	DET
cblr-3021	434	8	companies	company	NOUN
cblr-3021	434	9	that	that	PRON
cblr-3021	434	10	submit	submit	VERB
cblr-3021	434	11	their	their	PRON
cblr-3021	434	12	business	business	NOUN
cblr-3021	434	13	plans	plan	NOUN
cblr-3021	434	14	to	to	ADP
cblr-3021	434	15	these	these	DET
cblr-3021	434	16	funds	fund	NOUN
cblr-3021	434	17	receive	receive	VERB
cblr-3021	434	18	funding	funding	NOUN
cblr-3021	434	19	.	.	PUNCT
cblr-3021	435	1	89	89	NUM
cblr-3021	435	2	of	of	ADP
cblr-3021	435	3	the	the	DET
cblr-3021	435	4	estimated	estimate	VERB
cblr-3021	435	5	19,000	19,000	NUM
cblr-3021	435	6	regulated	regulated	ADJ
cblr-3021	435	7	investment	investment	NOUN
cblr-3021	435	8	companies	company	NOUN
cblr-3021	435	9	,	,	PUNCT
cblr-3021	435	10	which	which	PRON
cblr-3021	435	11	hold	hold	VERB
cblr-3021	435	12	roughly	roughly	ADV
cblr-3021	435	13	$	$	SYM
cblr-3021	435	14	5.4	5.4	NUM
cblr-3021	435	15	trillion	trillion	NUM
cblr-3021	435	16	in	in	ADP
cblr-3021	435	17	assets	asset	NOUN
cblr-3021	435	18	,	,	PUNCT
cblr-3021	435	19	only	only	ADV
cblr-3021	435	20	63	63	NUM
cblr-3021	435	21	are	be	AUX
cblr-3021	435	22	bdcs.9	bdcs.9	NOUN
cblr-3021	435	23	°	°	PROPN
cblr-3021	435	24	of	of	ADP
cblr-3021	435	25	the	the	DET
cblr-3021	435	26	$	$	SYM
cblr-3021	435	27	2.4	2.4	NUM
cblr-3021	435	28	billion	billion	NUM
cblr-3021	435	29	in	in	ADP
cblr-3021	435	30	assets	asset	NOUN
cblr-3021	435	31	that	that	PRON
cblr-3021	435	32	they	they	PRON
cblr-3021	435	33	hold	hold	VERB
cblr-3021	435	34	,	,	PUNCT
cblr-3021	435	35	bdcs	bdc	VERB
cblr-3021	435	36	only	only	ADV
cblr-3021	435	37	invest	invest	VERB
cblr-3021	435	38	a	a	DET
cblr-3021	435	39	fraction	fraction	NOUN
cblr-3021	435	40	in	in	ADP
cblr-3021	435	41	emerging	emerge	VERB
cblr-3021	435	42	enterprises	enterprise	NOUN
cblr-3021	435	43	.	.	PUNCT
cblr-3021	436	1	91	91	NUM
cblr-3021	436	2	this	this	DET
cblr-3021	436	3	paltry	paltry	NOUN
cblr-3021	436	4	amount	amount	NOUN
cblr-3021	436	5	reflects	reflect	VERB
cblr-3021	436	6	the	the	DET
cblr-3021	436	7	burdensome	burdensome	ADJ
cblr-3021	436	8	regulations	regulation	NOUN
cblr-3021	436	9	that	that	SCONJ
cblr-3021	436	10	the	the	DET
cblr-3021	436	11	'	'	NUM
cblr-3021	436	12	40	40	NUM
cblr-3021	436	13	act	act	NOUN
cblr-3021	436	14	imposes	impose	VERB
cblr-3021	436	15	and	and	CCONJ
cblr-3021	436	16	the	the	DET
cblr-3021	436	17	sbiia	sbiia	NOUN
cblr-3021	436	18	failed	fail	VERB
cblr-3021	436	19	to	to	PART
cblr-3021	436	20	mitigate	mitigate	VERB
cblr-3021	436	21	.	.	PUNCT
cblr-3021	437	1	thus	thus	ADV
cblr-3021	437	2	,	,	PUNCT
cblr-3021	437	3	the	the	DET
cblr-3021	437	4	passage	passage	NOUN
cblr-3021	437	5	of	of	ADP
cblr-3021	437	6	the	the	DET
cblr-3021	437	7	nsmia	nsmia	NOUN
cblr-3021	437	8	,	,	PUNCT
cblr-3021	437	9	and	and	CCONJ
cblr-3021	437	10	subsequently	subsequently	ADV
cblr-3021	437	11	the	the	DET
cblr-3021	437	12	cacl	cacl	PROPN
cblr-3021	437	13	,	,	PUNCT
cblr-3021	437	14	finally	finally	ADV
cblr-3021	437	15	promise	promise	VERB
cblr-3021	437	16	a	a	DET
cblr-3021	437	17	significant	significant	ADJ
cblr-3021	437	18	commitment	commitment	NOUN
cblr-3021	437	19	of	of	ADP
cblr-3021	437	20	capital	capital	NOUN
cblr-3021	437	21	to	to	PART
cblr-3021	437	22	venture	venture	VERB
cblr-3021	437	23	capital	capital	NOUN
cblr-3021	437	24	funds	fund	NOUN
cblr-3021	437	25	that	that	PRON
cblr-3021	437	26	seek	seek	VERB
cblr-3021	437	27	to	to	PART
cblr-3021	437	28	assist	assist	VERB
cblr-3021	437	29	the	the	DET
cblr-3021	437	30	fledgling	fledgling	NOUN
cblr-3021	437	31	businesses	business	NOUN
cblr-3021	437	32	that	that	PRON
cblr-3021	437	33	nourish	nourish	VERB
cblr-3021	437	34	the	the	DET
cblr-3021	437	35	economy	economy	NOUN
cblr-3021	437	36	.	.	PUNCT
cblr-3021	438	1	enabling	enable	VERB
cblr-3021	438	2	statutes	statute	NOUN
cblr-3021	438	3	similar	similar	ADJ
cblr-3021	438	4	to	to	ADP
cblr-3021	438	5	the	the	DET
cblr-3021	438	6	cacl	cacl	PROPN
cblr-3021	438	7	will	will	AUX
cblr-3021	438	8	become	become	VERB
cblr-3021	438	9	,	,	PUNCT
cblr-3021	438	10	if	if	SCONJ
cblr-3021	438	11	they	they	PRON
cblr-3021	438	12	are	be	AUX
cblr-3021	438	13	not	not	PART
cblr-3021	438	14	already	already	ADV
cblr-3021	438	15	,	,	PUNCT
cblr-3021	438	16	critical	critical	ADJ
cblr-3021	438	17	to	to	ADP
cblr-3021	438	18	the	the	DET
cblr-3021	438	19	developing	develop	VERB
cblr-3021	438	20	"	"	PUNCT
cblr-3021	438	21	venture	venture	NOUN
cblr-3021	438	22	capitals	capital	NOUN
cblr-3021	438	23	"	"	PUNCT
cblr-3021	438	24	that	that	PRON
cblr-3021	438	25	are	be	AUX
cblr-3021	438	26	forming	form	VERB
cblr-3021	438	27	across	across	ADP
cblr-3021	438	28	the	the	DET
cblr-3021	438	29	country.92	country.92	NOUN
cblr-3021	438	30	in	in	ADP
cblr-3021	438	31	the	the	DET
cblr-3021	438	32	first	first	ADJ
cblr-3021	438	33	quarter	quarter	NOUN
cblr-3021	438	34	of	of	ADP
cblr-3021	438	35	2002	2002	NUM
cblr-3021	438	36	,	,	PUNCT
cblr-3021	438	37	over	over	ADP
cblr-3021	438	38	half	half	NOUN
cblr-3021	438	39	of	of	ADP
cblr-3021	438	40	the	the	DET
cblr-3021	438	41	total	total	ADJ
cblr-3021	438	42	venture	venture	NOUN
cblr-3021	438	43	capital	capital	NOUN
cblr-3021	438	44	as	as	ADP
cblr-3021	438	45	of	of	ADP
cblr-3021	438	46	1999	1999	NUM
cblr-3021	438	47	,	,	PUNCT
cblr-3021	438	48	the	the	DET
cblr-3021	438	49	one-	one-	ADJ
cblr-3021	438	50	,	,	PUNCT
cblr-3021	438	51	three-	three-	NOUN
cblr-3021	438	52	,	,	PUNCT
cblr-3021	438	53	five-	five-	NOUN
cblr-3021	438	54	,	,	PUNCT
cblr-3021	438	55	and	and	CCONJ
cblr-3021	438	56	ten	ten	NUM
cblr-3021	438	57	-	-	PUNCT
cblr-3021	438	58	year	year	NOUN
cblr-3021	438	59	return	return	NOUN
cblr-3021	438	60	rates	rate	NOUN
cblr-3021	438	61	for	for	ADP
cblr-3021	438	62	early	early	ADJ
cblr-3021	438	63	stage	stage	NOUN
cblr-3021	438	64	venture	venture	NOUN
cblr-3021	438	65	capital	capital	NOUN
cblr-3021	438	66	were	be	AUX
cblr-3021	438	67	91.2	91.2	NUM
cblr-3021	438	68	%	%	NOUN
cblr-3021	438	69	,	,	PUNCT
cblr-3021	438	70	47.9	47.9	NUM
cblr-3021	438	71	%	%	NOUN
cblr-3021	438	72	,	,	PUNCT
cblr-3021	438	73	46.6	46.6	NUM
cblr-3021	438	74	%	%	NOUN
cblr-3021	438	75	,	,	PUNCT
cblr-3021	438	76	and	and	CCONJ
cblr-3021	438	77	24.5	24.5	NUM
cblr-3021	438	78	%	%	NOUN
cblr-3021	438	79	respectively	respectively	ADV
cblr-3021	438	80	.	.	PUNCT
cblr-3021	439	1	see	see	VERB
cblr-3021	439	2	david	david	PROPN
cblr-3021	439	3	g.	g.	PROPN
cblr-3021	439	4	taylor	taylor	PROPN
cblr-3021	439	5	,	,	PUNCT
cblr-3021	439	6	presentation	presentation	NOUN
cblr-3021	439	7	on	on	ADP
cblr-3021	439	8	venture	venture	NOUN
cblr-3021	439	9	capital	capital	NOUN
cblr-3021	439	10	state	state	NOUN
cblr-3021	439	11	of	of	ADP
cblr-3021	439	12	the	the	DET
cblr-3021	439	13	world	world	NOUN
cblr-3021	439	14	at	at	ADP
cblr-3021	439	15	the	the	DET
cblr-3021	439	16	galef	galef	NOUN
cblr-3021	439	17	symposium	symposium	NOUN
cblr-3021	439	18	on	on	ADP
cblr-3021	439	19	corporate	corporate	ADJ
cblr-3021	439	20	governance	governance	NOUN
cblr-3021	439	21	and	and	CCONJ
cblr-3021	439	22	equity	equity	NOUN
cblr-3021	439	23	offerings	offering	NOUN
cblr-3021	439	24	(	(	PUNCT
cblr-3021	439	25	february	february	PROPN
cblr-3021	439	26	23	23	NUM
cblr-3021	439	27	,	,	PUNCT
cblr-3021	439	28	2000	2000	NUM
cblr-3021	439	29	)	)	PUNCT
cblr-3021	439	30	(	(	PUNCT
cblr-3021	439	31	figures	figure	NOUN
cblr-3021	439	32	in	in	ADP
cblr-3021	439	33	his	his	PRON
cblr-3021	439	34	presentation	presentation	NOUN
cblr-3021	439	35	are	be	AUX
cblr-3021	439	36	from	from	ADP
cblr-3021	439	37	venture	venture	NOUN
cblr-3021	439	38	economics	economic	NOUN
cblr-3021	439	39	and	and	CCONJ
cblr-3021	439	40	the	the	DET
cblr-3021	439	41	national	national	PROPN
cblr-3021	439	42	venture	venture	PROPN
cblr-3021	439	43	capital	capital	PROPN
cblr-3021	439	44	association	association	PROPN
cblr-3021	439	45	-	-	PUNCT
cblr-3021	439	46	some	some	PRON
cblr-3021	439	47	of	of	ADP
cblr-3021	439	48	which	which	PRON
cblr-3021	439	49	are	be	AUX
cblr-3021	439	50	available	available	ADJ
cblr-3021	439	51	in	in	ADP
cblr-3021	439	52	press	press	NOUN
cblr-3021	439	53	releases	release	NOUN
cblr-3021	439	54	at	at	ADP
cblr-3021	439	55	http://www.ventureeconomics.com	http://www.ventureeconomics.com	PROPN
cblr-3021	439	56	)	)	PUNCT
cblr-3021	439	57	;	;	PUNCT
cblr-3021	439	58	see	see	VERB
cblr-3021	439	59	also	also	ADV
cblr-3021	439	60	mitchell	mitchell	PROPN
cblr-3021	439	61	pacelle	pacelle	PROPN
cblr-3021	439	62	,	,	PUNCT
cblr-3021	439	63	lbo	lbo	PROPN
cblr-3021	439	64	investing	invest	VERB
cblr-3021	439	65	for	for	ADP
cblr-3021	439	66	the	the	DET
cblr-3021	439	67	merely	merely	ADV
cblr-3021	439	68	rich-'funds	rich-'fund	NOUN
cblr-3021	439	69	of	of	ADP
cblr-3021	439	70	funds	fund	NOUN
cblr-3021	439	71	'	'	PART
cblr-3021	439	72	make	make	VERB
cblr-3021	439	73	it	it	PRON
cblr-3021	439	74	easier	easy	ADJ
cblr-3021	439	75	for	for	SCONJ
cblr-3021	439	76	wealthy	wealthy	ADJ
cblr-3021	439	77	individuals	individual	NOUN
cblr-3021	439	78	to	to	PART
cblr-3021	439	79	invest	invest	VERB
cblr-3021	439	80	in	in	ADP
cblr-3021	439	81	buyout	buyout	NOUN
cblr-3021	439	82	,	,	PUNCT
cblr-3021	439	83	venturecapital	venturecapital	ADJ
cblr-3021	439	84	sector	sector	NOUN
cblr-3021	439	85	,	,	PUNCT
cblr-3021	439	86	wall	wall	PROPN
cblr-3021	439	87	st	st	PROPN
cblr-3021	439	88	.	.	PROPN
cblr-3021	439	89	j.	j.	PROPN
cblr-3021	439	90	,	,	PUNCT
cblr-3021	439	91	aug	aug	PROPN
cblr-3021	439	92	.	.	PROPN
cblr-3021	439	93	21	21	NUM
cblr-3021	439	94	,	,	PUNCT
cblr-3021	439	95	1998	1998	NUM
cblr-3021	439	96	,	,	PUNCT
cblr-3021	439	97	at	at	ADP
cblr-3021	439	98	c1	c1	PROPN
cblr-3021	439	99	(	(	PUNCT
cblr-3021	439	100	estimating	estimate	VERB
cblr-3021	439	101	the	the	DET
cblr-3021	439	102	fiveand	fiveand	NOUN
cblr-3021	439	103	ten	ten	NUM
cblr-3021	439	104	-	-	PUNCT
cblr-3021	439	105	year	year	NOUN
cblr-3021	439	106	average	average	ADJ
cblr-3021	439	107	returns	return	NOUN
cblr-3021	439	108	at	at	ADP
cblr-3021	439	109	35.1	35.1	NUM
cblr-3021	439	110	%	%	NOUN
cblr-3021	439	111	and	and	CCONJ
cblr-3021	439	112	21.7	21.7	NUM
cblr-3021	439	113	%	%	NOUN
cblr-3021	439	114	per	per	ADP
cblr-3021	439	115	annum	annum	NOUN
cblr-3021	439	116	respectively	respectively	ADV
cblr-3021	439	117	versus	versus	ADP
cblr-3021	439	118	22.4	22.4	NUM
cblr-3021	439	119	%	%	NOUN
cblr-3021	439	120	and	and	CCONJ
cblr-3021	439	121	18.9	18.9	NUM
cblr-3021	439	122	%	%	NOUN
cblr-3021	439	123	for	for	ADP
cblr-3021	439	124	the	the	DET
cblr-3021	439	125	s&p	s&p	PROPN
cblr-3021	439	126	500	500	NUM
cblr-3021	439	127	)	)	PUNCT
cblr-3021	439	128	.	.	PUNCT
cblr-3021	440	1	88	88	NUM
cblr-3021	440	2	pricewaterhousecoopers	pricewaterhousecooper	NOUN
cblr-3021	440	3	et	et	PROPN
cblr-3021	440	4	al	al	PROPN
cblr-3021	440	5	.	.	PROPN
cblr-3021	440	6	,	,	PUNCT
cblr-3021	440	7	supra	supra	PROPN
cblr-3021	440	8	note	note	NOUN
cblr-3021	440	9	9	9	NUM
cblr-3021	440	10	.	.	SYM
cblr-3021	440	11	89	89	NUM
cblr-3021	440	12	see	see	VERB
cblr-3021	440	13	fitzroy	fitzroy	PROPN
cblr-3021	440	14	dearborn	dearborn	PROPN
cblr-3021	440	15	international	international	PROPN
cblr-3021	440	16	directory	directory	NOUN
cblr-3021	440	17	of	of	ADP
cblr-3021	440	18	venture	venture	NOUN
cblr-3021	440	19	capital	capital	NOUN
cblr-3021	440	20	funds	fund	NOUN
cblr-3021	440	21	2	2	NUM
cblr-3021	440	22	(	(	PUNCT
cblr-3021	440	23	w.	w.	PROPN
cblr-3021	440	24	keith	keith	PROPN
cblr-3021	440	25	schilit	schilit	PROPN
cblr-3021	440	26	&	&	CCONJ
cblr-3021	440	27	john	john	PROPN
cblr-3021	440	28	t.	t.	PROPN
cblr-3021	440	29	willig	willig	PROPN
cblr-3021	440	30	eds	eds	PROPN
cblr-3021	440	31	.	.	PROPN
cblr-3021	440	32	,	,	PUNCT
cblr-3021	440	33	1996	1996	NUM
cblr-3021	440	34	)	)	PUNCT
cblr-3021	440	35	.	.	PUNCT
cblr-3021	441	1	90	90	NUM
cblr-3021	442	1	i	i	PRON
cblr-3021	442	2	d.	d.	PROPN
cblr-3021	442	3	91	91	NUM
cblr-3021	443	1	i	i	PRON
cblr-3021	443	2	d.	d.	PROPN
cblr-3021	443	3	92	92	NUM
cblr-3021	443	4	see	see	VERB
cblr-3021	443	5	generally	generally	ADV
cblr-3021	443	6	scott	scott	PROPN
cblr-3021	443	7	herhold	herhold	ADJ
cblr-3021	443	8	,	,	PUNCT
cblr-3021	443	9	venture	venture	NOUN
cblr-3021	443	10	capitals	capital	NOUN
cblr-3021	443	11	funding	funding	NOUN
cblr-3021	443	12	blossoms	blossom	NOUN
cblr-3021	443	13	beyond	beyond	ADP
cblr-3021	443	14	silicon	silicon	NOUN
cblr-3021	443	15	valley	valley	NOUN
cblr-3021	443	16	as	as	ADP
cblr-3021	443	17	regional	regional	ADJ
cblr-3021	443	18	mini	mini	NOUN
cblr-3021	443	19	-	-	NOUN
cblr-3021	443	20	hubs	hub	NOUN
cblr-3021	443	21	take	take	VERB
cblr-3021	443	22	root	root	NOUN
cblr-3021	443	23	in	in	ADP
cblr-3021	443	24	the	the	DET
cblr-3021	443	25	west	west	NOUN
cblr-3021	443	26	,	,	PUNCT
cblr-3021	443	27	san	san	PROPN
cblr-3021	443	28	jose	jose	PROPN
cblr-3021	443	29	mercury	mercury	PROPN
cblr-3021	443	30	news	news	PROPN
cblr-3021	443	31	,	,	PUNCT
cblr-3021	443	32	nov	nov	PROPN
cblr-3021	443	33	.	.	PROPN
cblr-3021	443	34	14	14	NUM
cblr-3021	443	35	,	,	PUNCT
cblr-3021	443	36	1999	1999	NUM
cblr-3021	443	37	,	,	PUNCT
cblr-3021	443	38	at	at	ADP
cblr-3021	443	39	1d	1d	NUM
cblr-3021	443	40	(	(	PUNCT
cblr-3021	443	41	discussing	discuss	VERB
cblr-3021	443	42	the	the	DET
cblr-3021	443	43	explosion	explosion	NOUN
cblr-3021	443	44	of	of	ADP
cblr-3021	443	45	regional	regional	ADJ
cblr-3021	443	46	venture	venture	NOUN
cblr-3021	443	47	capital	capital	NOUN
cblr-3021	443	48	centers	center	NOUN
cblr-3021	443	49	)	)	PUNCT
cblr-3021	443	50	.	.	PUNCT
cblr-3021	444	1	no	no	INTJ
cblr-3021	444	2	.	.	PUNCT
cblr-3021	445	1	1:77	1:77	NUM
cblr-3021	445	2	]	]	X
cblr-3021	445	3	columbia	columbia	PROPN
cblr-3021	445	4	business	business	PROPN
cblr-3021	445	5	law	law	PROPN
cblr-3021	445	6	review	review	NOUN
cblr-3021	445	7	invested	invest	VERB
cblr-3021	445	8	was	be	AUX
cblr-3021	445	9	outside	outside	ADP
cblr-3021	445	10	of	of	ADP
cblr-3021	445	11	california.93	california.93	PROPN
cblr-3021	445	12	james	james	PROPN
cblr-3021	445	13	d.	d.	PROPN
cblr-3021	445	14	atwell	atwell	PROPN
cblr-3021	445	15	,	,	PUNCT
cblr-3021	445	16	managing	managing	NOUN
cblr-3021	445	17	partner	partner	NOUN
cblr-3021	445	18	of	of	ADP
cblr-3021	445	19	the	the	DET
cblr-3021	445	20	venture	venture	NOUN
cblr-3021	445	21	capital	capital	NOUN
cblr-3021	445	22	practice	practice	NOUN
cblr-3021	445	23	in	in	ADP
cblr-3021	445	24	the	the	DET
cblr-3021	445	25	global	global	ADJ
cblr-3021	445	26	technology	technology	PROPN
cblr-3021	445	27	industry	industry	NOUN
cblr-3021	445	28	group	group	NOUN
cblr-3021	445	29	noted	note	VERB
cblr-3021	445	30	that	that	SCONJ
cblr-3021	445	31	"	"	PUNCT
cblr-3021	445	32	there	there	PRON
cblr-3021	445	33	are	be	VERB
cblr-3021	445	34	n't	not	PART
cblr-3021	445	35	just	just	ADV
cblr-3021	445	36	pockets	pocket	NOUN
cblr-3021	445	37	of	of	ADP
cblr-3021	445	38	technology	technology	NOUN
cblr-3021	445	39	[	[	X
cblr-3021	445	40	and	and	CCONJ
cblr-3021	445	41	venture	venture	NOUN
cblr-3021	445	42	activity	activity	NOUN
cblr-3021	445	43	]	]	PUNCT
cblr-3021	445	44	anymore	anymore	ADV
cblr-3021	445	45	;	;	PUNCT
cblr-3021	445	46	there	there	PRON
cblr-3021	445	47	's	be	VERB
cblr-3021	445	48	a	a	DET
cblr-3021	445	49	proliferation	proliferation	NOUN
cblr-3021	445	50	.	.	PUNCT
cblr-3021	446	1	"94	"94	ADV
cblr-3021	446	2	the	the	DET
cblr-3021	446	3	continued	continue	VERB
cblr-3021	446	4	strength	strength	NOUN
cblr-3021	446	5	of	of	ADP
cblr-3021	446	6	this	this	DET
cblr-3021	446	7	'	'	PUNCT
cblr-3021	446	8	proliferation	proliferation	NOUN
cblr-3021	446	9	'	'	PUNCT
cblr-3021	446	10	,	,	PUNCT
cblr-3021	446	11	however	however	ADV
cblr-3021	446	12	,	,	PUNCT
cblr-3021	446	13	will	will	AUX
cblr-3021	446	14	in	in	ADP
cblr-3021	446	15	part	part	NOUN
cblr-3021	446	16	depend	depend	VERB
cblr-3021	446	17	upon	upon	SCONJ
cblr-3021	446	18	regulatory	regulatory	ADJ
cblr-3021	446	19	relief	relief	NOUN
cblr-3021	446	20	.	.	PUNCT
cblr-3021	447	1	funds	fund	NOUN
cblr-3021	447	2	will	will	AUX
cblr-3021	447	3	be	be	AUX
cblr-3021	447	4	unable	unable	ADJ
cblr-3021	447	5	to	to	PART
cblr-3021	447	6	participate	participate	VERB
cblr-3021	447	7	in	in	ADP
cblr-3021	447	8	the	the	DET
cblr-3021	447	9	nsmia	nsmia	ADJ
cblr-3021	447	10	exemption	exemption	NOUN
cblr-3021	447	11	unless	unless	SCONJ
cblr-3021	447	12	the	the	DET
cblr-3021	447	13	states	state	NOUN
cblr-3021	447	14	where	where	SCONJ
cblr-3021	447	15	they	they	PRON
cblr-3021	447	16	operate	operate	VERB
cblr-3021	447	17	pass	pass	VERB
cblr-3021	447	18	enabling	enable	VERB
cblr-3021	447	19	acts	act	NOUN
cblr-3021	447	20	.	.	PUNCT
cblr-3021	448	1	until	until	ADP
cblr-3021	448	2	then	then	ADV
cblr-3021	448	3	,	,	PUNCT
cblr-3021	448	4	the	the	DET
cblr-3021	448	5	restrictions	restriction	NOUN
cblr-3021	448	6	of	of	ADP
cblr-3021	448	7	the	the	DET
cblr-3021	448	8	'	'	NUM
cblr-3021	448	9	40	40	NUM
cblr-3021	448	10	act	act	NOUN
cblr-3021	448	11	will	will	AUX
cblr-3021	448	12	continue	continue	VERB
cblr-3021	448	13	to	to	PART
cblr-3021	448	14	constitute	constitute	VERB
cblr-3021	448	15	a	a	DET
cblr-3021	448	16	rate	rate	NOUN
cblr-3021	448	17	-	-	PUNCT
cblr-3021	448	18	limiting	limit	VERB
cblr-3021	448	19	factor	factor	NOUN
cblr-3021	448	20	on	on	ADP
cblr-3021	448	21	venture	venture	NOUN
cblr-3021	448	22	development	development	NOUN
cblr-3021	448	23	and	and	CCONJ
cblr-3021	448	24	entrepreneurial	entrepreneurial	ADJ
cblr-3021	448	25	growth	growth	NOUN
cblr-3021	448	26	.	.	PUNCT
cblr-3021	449	1	(	(	PUNCT
cblr-3021	449	2	ii	ii	NOUN
cblr-3021	449	3	)	)	PUNCT
cblr-3021	449	4	investor	investor	NOUN
cblr-3021	449	5	protection	protection	NOUN
cblr-3021	449	6	the	the	DET
cblr-3021	449	7	cacl	cacl	PROPN
cblr-3021	449	8	provides	provide	VERB
cblr-3021	449	9	investors	investor	NOUN
cblr-3021	449	10	with	with	ADP
cblr-3021	449	11	an	an	DET
cblr-3021	449	12	array	array	NOUN
cblr-3021	449	13	of	of	ADP
cblr-3021	449	14	protections	protection	NOUN
cblr-3021	449	15	.	.	PUNCT
cblr-3021	450	1	first	first	ADV
cblr-3021	450	2	,	,	PUNCT
cblr-3021	450	3	requiring	require	VERB
cblr-3021	450	4	an	an	DET
cblr-3021	450	5	applicant	applicant	NOUN
cblr-3021	450	6	to	to	PART
cblr-3021	450	7	have	have	VERB
cblr-3021	450	8	a	a	DET
cblr-3021	450	9	$	$	SYM
cblr-3021	450	10	250,000	250,000	NUM
cblr-3021	450	11	tangible	tangible	ADJ
cblr-3021	450	12	net	net	ADJ
cblr-3021	450	13	worth	worth	NOUN
cblr-3021	450	14	,	,	PUNCT
cblr-3021	450	15	$	$	SYM
cblr-3021	450	16	5	5	NUM
cblr-3021	450	17	million	million	NUM
cblr-3021	450	18	of	of	ADP
cblr-3021	450	19	assets	asset	NOUN
cblr-3021	450	20	available	available	ADJ
cblr-3021	450	21	to	to	PART
cblr-3021	450	22	invest	invest	VERB
cblr-3021	450	23	,	,	PUNCT
cblr-3021	450	24	and	and	CCONJ
cblr-3021	450	25	enough	enough	ADJ
cblr-3021	450	26	capital	capital	NOUN
cblr-3021	450	27	to	to	PART
cblr-3021	450	28	operate	operate	VERB
cblr-3021	450	29	a	a	DET
cblr-3021	450	30	fund	fund	NOUN
cblr-3021	450	31	for	for	ADP
cblr-3021	450	32	three	three	NUM
cblr-3021	450	33	years	year	NOUN
cblr-3021	450	34	are	be	AUX
cblr-3021	450	35	more	more	ADJ
cblr-3021	450	36	than	than	ADP
cblr-3021	450	37	sufficient	sufficient	ADJ
cblr-3021	450	38	measures	measure	NOUN
cblr-3021	450	39	to	to	PART
cblr-3021	450	40	ensure	ensure	VERB
cblr-3021	450	41	the	the	DET
cblr-3021	450	42	solvency	solvency	NOUN
cblr-3021	450	43	of	of	ADP
cblr-3021	450	44	a	a	DET
cblr-3021	450	45	licensed	licensed	ADJ
cblr-3021	450	46	fund	fund	NOUN
cblr-3021	450	47	.	.	PUNCT
cblr-3021	451	1	second	second	ADJ
cblr-3021	451	2	,	,	PUNCT
cblr-3021	451	3	the	the	DET
cblr-3021	451	4	"	"	PUNCT
cblr-3021	451	5	good	good	ADJ
cblr-3021	451	6	character	character	NOUN
cblr-3021	451	7	"	"	PUNCT
cblr-3021	451	8	criterion	criterion	NOUN
cblr-3021	451	9	for	for	ADP
cblr-3021	451	10	directors	director	NOUN
cblr-3021	451	11	,	,	PUNCT
cblr-3021	451	12	officers	officer	NOUN
cblr-3021	451	13	,	,	PUNCT
cblr-3021	451	14	and	and	CCONJ
cblr-3021	451	15	controlling	control	VERB
cblr-3021	451	16	persons	person	NOUN
cblr-3021	451	17	affords	afford	VERB
cblr-3021	451	18	the	the	DET
cblr-3021	451	19	state	state	NOUN
cblr-3021	451	20	discretion	discretion	NOUN
cblr-3021	451	21	when	when	SCONJ
cblr-3021	451	22	reviewing	review	VERB
cblr-3021	451	23	applications	application	NOUN
cblr-3021	451	24	,	,	PUNCT
cblr-3021	451	25	allowing	allow	VERB
cblr-3021	451	26	the	the	DET
cblr-3021	451	27	assessment	assessment	NOUN
cblr-3021	451	28	of	of	ADP
cblr-3021	451	29	the	the	DET
cblr-3021	451	30	applicant	applicant	NOUN
cblr-3021	451	31	's	's	PART
cblr-3021	451	32	past	past	ADJ
cblr-3021	451	33	management	management	NOUN
cblr-3021	451	34	activity	activity	NOUN
cblr-3021	451	35	and	and	CCONJ
cblr-3021	451	36	general	general	ADJ
cblr-3021	451	37	competency	competency	NOUN
cblr-3021	451	38	.	.	PUNCT
cblr-3021	452	1	third	third	ADJ
cblr-3021	452	2	,	,	PUNCT
cblr-3021	452	3	obligating	obligate	VERB
cblr-3021	452	4	applicants	applicant	NOUN
cblr-3021	452	5	that	that	PRON
cblr-3021	452	6	intend	intend	VERB
cblr-3021	452	7	to	to	PART
cblr-3021	452	8	provide	provide	VERB
cblr-3021	452	9	investment	investment	NOUN
cblr-3021	452	10	advice	advice	NOUN
cblr-3021	452	11	to	to	PART
cblr-3021	452	12	register	register	VERB
cblr-3021	452	13	under	under	ADP
cblr-3021	452	14	either	either	CCONJ
cblr-3021	452	15	federal	federal	ADJ
cblr-3021	452	16	or	or	CCONJ
cblr-3021	452	17	state	state	NOUN
cblr-3021	452	18	law	law	NOUN
cblr-3021	452	19	and	and	CCONJ
cblr-3021	452	20	banning	ban	VERB
cblr-3021	452	21	applicants	applicant	NOUN
cblr-3021	452	22	previously	previously	ADV
cblr-3021	452	23	convicted	convict	VERB
cblr-3021	452	24	of	of	ADP
cblr-3021	452	25	securities	security	NOUN
cblr-3021	452	26	related	relate	VERB
cblr-3021	452	27	offenses	offense	NOUN
cblr-3021	452	28	further	far	ADV
cblr-3021	452	29	protects	protect	VERB
cblr-3021	452	30	investors	investor	NOUN
cblr-3021	452	31	against	against	ADP
cblr-3021	452	32	unethical	unethical	ADJ
cblr-3021	452	33	management	management	NOUN
cblr-3021	452	34	.	.	PUNCT
cblr-3021	453	1	finally	finally	ADV
cblr-3021	453	2	,	,	PUNCT
cblr-3021	453	3	applicants	applicant	NOUN
cblr-3021	453	4	still	still	ADV
cblr-3021	453	5	are	be	AUX
cblr-3021	453	6	subject	subject	ADJ
cblr-3021	453	7	to	to	ADP
cblr-3021	453	8	§	§	PROPN
cblr-3021	453	9	6(a)(5	6(a)(5	NUM
cblr-3021	453	10	)	)	PUNCT
cblr-3021	453	11	of	of	ADP
cblr-3021	453	12	the	the	DET
cblr-3021	453	13	nsmia	nsmia	NOUN
cblr-3021	453	14	,	,	PUNCT
cblr-3021	453	15	which	which	PRON
cblr-3021	453	16	imposes	impose	VERB
cblr-3021	453	17	additional	additional	ADJ
cblr-3021	453	18	protections	protection	NOUN
cblr-3021	453	19	.	.	PUNCT
cblr-3021	454	1	considering	consider	VERB
cblr-3021	454	2	applicants	applicant	NOUN
cblr-3021	454	3	already	already	ADV
cblr-3021	454	4	are	be	AUX
cblr-3021	454	5	a	a	DET
cblr-3021	454	6	relatively	relatively	ADV
cblr-3021	454	7	93	93	NUM
cblr-3021	454	8	see	see	NOUN
cblr-3021	454	9	pricewaterhousecoopers	pricewaterhousecooper	NOUN
cblr-3021	454	10	et	et	PROPN
cblr-3021	454	11	al	al	PROPN
cblr-3021	454	12	.	.	PROPN
cblr-3021	454	13	,	,	PUNCT
cblr-3021	454	14	highlights	highlight	NOUN
cblr-3021	454	15	q1	q1	PROPN
cblr-3021	454	16	2002	2002	NUM
cblr-3021	454	17	,	,	PUNCT
cblr-3021	454	18	moneytree	moneytree	PROPN
cblr-3021	454	19	survey	survey	NOUN
cblr-3021	454	20	,	,	PUNCT
cblr-3021	454	21	at	at	ADP
cblr-3021	454	22	http://www.pwcmoneytree.com/highlights.asp	http://www.pwcmoneytree.com/highlights.asp	PROPN
cblr-3021	454	23	(	(	PUNCT
cblr-3021	454	24	last	last	ADJ
cblr-3021	454	25	visited	visit	VERB
cblr-3021	454	26	may	may	PROPN
cblr-3021	454	27	30	30	NUM
cblr-3021	454	28	,	,	PUNCT
cblr-3021	454	29	2002	2002	NUM
cblr-3021	454	30	)	)	PUNCT
cblr-3021	454	31	.	.	PUNCT
cblr-3021	455	1	94	94	NUM
cblr-3021	455	2	see	see	VERB
cblr-3021	455	3	pricewaterhousecoopers	pricewaterhousecooper	NOUN
cblr-3021	455	4	et	et	PROPN
cblr-3021	455	5	al	al	PROPN
cblr-3021	455	6	.	.	PROPN
cblr-3021	455	7	,	,	PUNCT
cblr-3021	455	8	highlights	highlight	NOUN
cblr-3021	455	9	q3	q3	PROPN
cblr-3021	455	10	1999	1999	NUM
cblr-3021	455	11	,	,	PUNCT
cblr-3021	455	12	moneytree	moneytree	PROPN
cblr-3021	455	13	survey	survey	NOUN
cblr-3021	455	14	,	,	PUNCT
cblr-3021	455	15	at	at	ADP
cblr-3021	455	16	http://www.pwcmoneytree.comhighlights.asp	http://www.pwcmoneytree.comhighlights.asp	PROPN
cblr-3021	455	17	(	(	PUNCT
cblr-3021	455	18	last	last	ADJ
cblr-3021	455	19	visited	visit	VERB
cblr-3021	455	20	dec	dec	PROPN
cblr-3021	455	21	.	.	PROPN
cblr-3021	455	22	3	3	NUM
cblr-3021	455	23	,	,	PUNCT
cblr-3021	455	24	1999	1999	NUM
cblr-3021	455	25	)	)	PUNCT
cblr-3021	455	26	.	.	PUNCT
cblr-3021	456	1	[	[	X
cblr-3021	456	2	vol	vol	NOUN
cblr-3021	456	3	.	.	PUNCT
cblr-3021	456	4	2004	2004	NUM
cblr-3021	456	5	venture	venture	NOUN
cblr-3021	456	6	capital	capital	NOUN
cblr-3021	456	7	formation	formation	NOUN
cblr-3021	456	8	and	and	CCONJ
cblr-3021	456	9	access	access	NOUN
cblr-3021	456	10	self	self	NOUN
cblr-3021	456	11	-	-	PUNCT
cblr-3021	456	12	selected	select	VERB
cblr-3021	456	13	group	group	NOUN
cblr-3021	456	14	of	of	ADP
cblr-3021	456	15	sophisticated	sophisticated	ADJ
cblr-3021	456	16	investors	investor	NOUN
cblr-3021	456	17	,	,	PUNCT
cblr-3021	456	18	the	the	DET
cblr-3021	456	19	substantial	substantial	ADJ
cblr-3021	456	20	protections	protection	NOUN
cblr-3021	456	21	offered	offer	VERB
cblr-3021	456	22	by	by	ADP
cblr-3021	456	23	the	the	DET
cblr-3021	456	24	act	act	NOUN
cblr-3021	456	25	are	be	AUX
cblr-3021	456	26	more	more	ADJ
cblr-3021	456	27	than	than	SCONJ
cblr-3021	456	28	sufficient.95	sufficient.95	NOUN
cblr-3021	456	29	(	(	PUNCT
cblr-3021	456	30	iii	iii	NOUN
cblr-3021	456	31	)	)	PUNCT
cblr-3021	456	32	regulation	regulation	NOUN
cblr-3021	456	33	remains	remain	VERB
cblr-3021	456	34	formidable	formidable	ADJ
cblr-3021	456	35	the	the	DET
cblr-3021	456	36	fact	fact	NOUN
cblr-3021	456	37	remains	remain	VERB
cblr-3021	456	38	that	that	SCONJ
cblr-3021	456	39	the	the	DET
cblr-3021	456	40	cacl	cacl	PROPN
cblr-3021	456	41	is	be	AUX
cblr-3021	456	42	a	a	DET
cblr-3021	456	43	compromise	compromise	NOUN
cblr-3021	456	44	bill	bill	NOUN
cblr-3021	456	45	,	,	PUNCT
cblr-3021	456	46	the	the	DET
cblr-3021	456	47	product	product	NOUN
cblr-3021	456	48	of	of	ADP
cblr-3021	456	49	negotiation	negotiation	NOUN
cblr-3021	456	50	between	between	ADP
cblr-3021	456	51	deregulation	deregulation	NOUN
cblr-3021	456	52	proponents	proponent	NOUN
cblr-3021	456	53	and	and	CCONJ
cblr-3021	456	54	the	the	DET
cblr-3021	456	55	department	department	NOUN
cblr-3021	456	56	of	of	ADP
cblr-3021	456	57	corporations	corporation	NOUN
cblr-3021	456	58	.	.	PUNCT
cblr-3021	457	1	6	6	NUM
cblr-3021	457	2	for	for	ADP
cblr-3021	457	3	instance	instance	NOUN
cblr-3021	457	4	,	,	PUNCT
cblr-3021	457	5	the	the	DET
cblr-3021	457	6	investor	investor	NOUN
cblr-3021	457	7	accreditation	accreditation	NOUN
cblr-3021	457	8	criteria	criterion	NOUN
cblr-3021	457	9	still	still	ADV
cblr-3021	457	10	is	be	AUX
cblr-3021	457	11	formidable	formidable	ADJ
cblr-3021	457	12	:	:	PUNCT
cblr-3021	457	13	$	$	SYM
cblr-3021	457	14	250,000	250,000	NUM
cblr-3021	457	15	in	in	ADP
cblr-3021	457	16	tangible	tangible	ADJ
cblr-3021	457	17	net	net	ADJ
cblr-3021	457	18	worth	worth	NOUN
cblr-3021	457	19	and	and	CCONJ
cblr-3021	457	20	$	$	SYM
cblr-3021	457	21	5	5	NUM
cblr-3021	457	22	million	million	NUM
cblr-3021	457	23	in	in	ADP
cblr-3021	457	24	funds	fund	NOUN
cblr-3021	457	25	to	to	PART
cblr-3021	457	26	be	be	AUX
cblr-3021	457	27	invested	invest	VERB
cblr-3021	457	28	.	.	PUNCT
cblr-3021	458	1	7	7	NUM
cblr-3021	458	2	a	a	DET
cblr-3021	458	3	number	number	NOUN
cblr-3021	458	4	of	of	ADP
cblr-3021	458	5	individuals	individual	NOUN
cblr-3021	458	6	,	,	PUNCT
cblr-3021	458	7	then	then	ADV
cblr-3021	458	8	,	,	PUNCT
cblr-3021	458	9	can	can	AUX
cblr-3021	458	10	not	not	PART
cblr-3021	458	11	invest	invest	VERB
cblr-3021	458	12	their	their	PRON
cblr-3021	458	13	money	money	NOUN
cblr-3021	458	14	in	in	ADP
cblr-3021	458	15	nascent	nascent	ADJ
cblr-3021	458	16	businesses	business	NOUN
cblr-3021	458	17	through	through	ADP
cblr-3021	458	18	these	these	DET
cblr-3021	458	19	capital	capital	NOUN
cblr-3021	458	20	pools	pool	NOUN
cblr-3021	458	21	,	,	PUNCT
cblr-3021	458	22	even	even	ADV
cblr-3021	458	23	though	though	SCONJ
cblr-3021	458	24	they	they	PRON
cblr-3021	458	25	meet	meet	VERB
cblr-3021	458	26	the	the	DET
cblr-3021	458	27	"	"	PUNCT
cblr-3021	458	28	accredited	accredited	ADJ
cblr-3021	458	29	investor	investor	NOUN
cblr-3021	458	30	"	"	PUNCT
cblr-3021	458	31	criteria	criterion	NOUN
cblr-3021	458	32	of	of	ADP
cblr-3021	458	33	the	the	DET
cblr-3021	458	34	securities	security	NOUN
cblr-3021	458	35	act	act	NOUN
cblr-3021	458	36	of	of	ADP
cblr-3021	458	37	1933	1933	NUM
cblr-3021	458	38	.	.	PUNCT
cblr-3021	459	1	provisions	provision	NOUN
cblr-3021	459	2	such	such	ADJ
cblr-3021	459	3	as	as	ADP
cblr-3021	459	4	the	the	DET
cblr-3021	459	5	80	80	NUM
cblr-3021	459	6	%	%	NOUN
cblr-3021	459	7	resident	resident	NOUN
cblr-3021	459	8	requirement	requirement	NOUN
cblr-3021	459	9	and	and	CCONJ
cblr-3021	459	10	proscription	proscription	NOUN
cblr-3021	459	11	of	of	ADP
cblr-3021	459	12	issuing	issue	VERB
cblr-3021	459	13	redeemable	redeemable	ADJ
cblr-3021	459	14	securities	security	NOUN
cblr-3021	459	15	impose	impose	VERB
cblr-3021	459	16	further	further	ADJ
cblr-3021	459	17	restrictions	restriction	NOUN
cblr-3021	459	18	upon	upon	SCONJ
cblr-3021	459	19	the	the	DET
cblr-3021	459	20	venture	venture	NOUN
cblr-3021	459	21	capital	capital	NOUN
cblr-3021	459	22	funds	fund	NOUN
cblr-3021	459	23	.	.	PUNCT
cblr-3021	460	1	most	most	ADV
cblr-3021	460	2	importantly	importantly	ADV
cblr-3021	460	3	,	,	PUNCT
cblr-3021	460	4	concomitant	concomitant	ADJ
cblr-3021	460	5	regulation	regulation	NOUN
cblr-3021	460	6	under	under	ADP
cblr-3021	460	7	the	the	DET
cblr-3021	460	8	investment	investment	NOUN
cblr-3021	460	9	advisers	adviser	NOUN
cblr-3021	460	10	act	act	VERB
cblr-3021	460	11	of	of	ADP
cblr-3021	460	12	1940	1940	NUM
cblr-3021	460	13	and	and	CCONJ
cblr-3021	460	14	the	the	DET
cblr-3021	460	15	california	california	PROPN
cblr-3021	460	16	corporate	corporate	ADJ
cblr-3021	460	17	securities	security	NOUN
cblr-3021	460	18	law	law	NOUN
cblr-3021	460	19	of	of	ADP
cblr-3021	460	20	1968	1968	NUM
cblr-3021	460	21	make	make	VERB
cblr-3021	460	22	it	it	PRON
cblr-3021	460	23	highly	highly	ADV
cblr-3021	460	24	undesirable	undesirable	ADJ
cblr-3021	460	25	to	to	PART
cblr-3021	460	26	operate	operate	VERB
cblr-3021	460	27	such	such	DET
cblr-3021	460	28	a	a	DET
cblr-3021	460	29	fund	fund	NOUN
cblr-3021	460	30	.	.	PUNCT
cblr-3021	461	1	those	those	DET
cblr-3021	461	2	laws	law	NOUN
cblr-3021	461	3	,	,	PUNCT
cblr-3021	461	4	which	which	PRON
cblr-3021	461	5	are	be	AUX
cblr-3021	461	6	meant	mean	VERB
cblr-3021	461	7	to	to	PART
cblr-3021	461	8	regulate	regulate	VERB
cblr-3021	461	9	mutual	mutual	ADJ
cblr-3021	461	10	funds	fund	NOUN
cblr-3021	461	11	,	,	PUNCT
cblr-3021	461	12	restrict	restrict	VERB
cblr-3021	461	13	the	the	DET
cblr-3021	461	14	manager	manager	NOUN
cblr-3021	461	15	of	of	ADP
cblr-3021	461	16	a	a	DET
cblr-3021	461	17	capital	capital	NOUN
cblr-3021	461	18	access	access	NOUN
cblr-3021	461	19	firm	firm	NOUN
cblr-3021	461	20	to	to	ADP
cblr-3021	461	21	the	the	DET
cblr-3021	461	22	fees	fee	NOUN
cblr-3021	461	23	normally	normally	ADV
cblr-3021	461	24	earned	earn	VERB
cblr-3021	461	25	by	by	ADP
cblr-3021	461	26	fund	fund	NOUN
cblr-3021	461	27	advisors	advisor	NOUN
cblr-3021	461	28	-	-	PUNCT
cblr-3021	461	29	typically	typically	ADV
cblr-3021	461	30	1	1	NUM
cblr-3021	461	31	%	%	NOUN
cblr-3021	461	32	to	to	PART
cblr-3021	461	33	2	2	NUM
cblr-3021	461	34	%	%	NOUN
cblr-3021	461	35	of	of	ADP
cblr-3021	461	36	invested	invest	VERB
cblr-3021	461	37	assets	asset	NOUN
cblr-3021	461	38	.	.	PUNCT
cblr-3021	462	1	this	this	DET
cblr-3021	462	2	amount	amount	NOUN
cblr-3021	462	3	is	be	AUX
cblr-3021	462	4	low	low	ADJ
cblr-3021	462	5	for	for	ADP
cblr-3021	462	6	a	a	DET
cblr-3021	462	7	venture	venture	NOUN
cblr-3021	462	8	capitalist	capitalist	NOUN
cblr-3021	462	9	,	,	PUNCT
cblr-3021	462	10	considering	consider	VERB
cblr-3021	462	11	the	the	DET
cblr-3021	462	12	risk	risk	NOUN
cblr-3021	462	13	taken	take	VERB
cblr-3021	462	14	on	on	ADP
cblr-3021	462	15	by	by	ADP
cblr-3021	462	16	investing	invest	VERB
cblr-3021	462	17	in	in	ADP
cblr-3021	462	18	fledgling	fledgling	NOUN
cblr-3021	462	19	enterprises	enterprise	NOUN
cblr-3021	462	20	.	.	PUNCT
cblr-3021	463	1	as	as	ADP
cblr-3021	463	2	a	a	DET
cblr-3021	463	3	result	result	NOUN
cblr-3021	463	4	,	,	PUNCT
cblr-3021	463	5	no	no	DET
cblr-3021	463	6	formal	formal	ADJ
cblr-3021	463	7	applications	application	NOUN
cblr-3021	463	8	have	have	AUX
cblr-3021	463	9	been	be	AUX
cblr-3021	463	10	made	make	VERB
cblr-3021	463	11	under	under	ADP
cblr-3021	463	12	the	the	DET
cblr-3021	463	13	capital	capital	NOUN
cblr-3021	463	14	access	access	NOUN
cblr-3021	463	15	company	company	NOUN
cblr-3021	463	16	law	law	NOUN
cblr-3021	463	17	to	to	PART
cblr-3021	463	18	date.98	date.98	VERB
cblr-3021	463	19	thus	thus	ADV
cblr-3021	463	20	,	,	PUNCT
cblr-3021	463	21	despite	despite	SCONJ
cblr-3021	463	22	the	the	DET
cblr-3021	463	23	passage	passage	NOUN
cblr-3021	463	24	of	of	ADP
cblr-3021	463	25	the	the	DET
cblr-3021	463	26	cacl	cacl	PROPN
cblr-3021	463	27	,	,	PUNCT
cblr-3021	463	28	the	the	DET
cblr-3021	463	29	amount	amount	NOUN
cblr-3021	463	30	of	of	ADP
cblr-3021	463	31	regulation	regulation	NOUN
cblr-3021	463	32	imposed	impose	VERB
cblr-3021	463	33	upon	upon	SCONJ
cblr-3021	463	34	venture	venture	NOUN
cblr-3021	463	35	capital	capital	NOUN
cblr-3021	463	36	funds	fund	NOUN
cblr-3021	463	37	remains	remain	VERB
cblr-3021	463	38	excessive	excessive	ADJ
cblr-3021	463	39	and	and	CCONJ
cblr-3021	463	40	only	only	ADV
cblr-3021	463	41	the	the	DET
cblr-3021	463	42	very	very	ADV
cblr-3021	463	43	wealthy	wealthy	ADJ
cblr-3021	463	44	can	can	AUX
cblr-3021	463	45	invest	invest	VERB
cblr-3021	463	46	.	.	PUNCT
cblr-3021	464	1	in	in	ADP
cblr-3021	464	2	california	california	PROPN
cblr-3021	464	3	,	,	PUNCT
cblr-3021	464	4	amendment	amendment	NOUN
cblr-3021	464	5	proposals	proposal	NOUN
cblr-3021	464	6	for	for	ADP
cblr-3021	464	7	further	further	ADJ
cblr-3021	464	8	regulatory	regulatory	ADJ
cblr-3021	464	9	"	"	PUNCT
cblr-3021	464	10	venture	venture	NOUN
cblr-3021	464	11	capital	capital	NOUN
cblr-3021	464	12	poses	pose	VERB
cblr-3021	464	13	significant	significant	ADJ
cblr-3021	464	14	barriers	barrier	NOUN
cblr-3021	464	15	to	to	ADP
cblr-3021	464	16	entry	entry	NOUN
cblr-3021	464	17	that	that	PRON
cblr-3021	464	18	are	be	AUX
cblr-3021	464	19	not	not	PART
cblr-3021	464	20	only	only	ADV
cblr-3021	464	21	financial	financial	ADJ
cblr-3021	464	22	but	but	CCONJ
cblr-3021	464	23	also	also	ADV
cblr-3021	464	24	skill	skill	NOUN
cblr-3021	464	25	-	-	PUNCT
cblr-3021	464	26	related	relate	VERB
cblr-3021	464	27	.	.	PUNCT
cblr-3021	465	1	operating	operate	VERB
cblr-3021	465	2	a	a	DET
cblr-3021	465	3	fund	fund	NOUN
cblr-3021	465	4	requires	require	VERB
cblr-3021	465	5	a	a	DET
cblr-3021	465	6	great	great	ADJ
cblr-3021	465	7	deal	deal	NOUN
cblr-3021	465	8	of	of	ADP
cblr-3021	465	9	investment	investment	NOUN
cblr-3021	465	10	savvy	savvy	ADJ
cblr-3021	465	11	,	,	PUNCT
cblr-3021	465	12	risk	risk	NOUN
cblr-3021	465	13	tolerance	tolerance	NOUN
cblr-3021	465	14	,	,	PUNCT
cblr-3021	465	15	and	and	CCONJ
cblr-3021	465	16	management	management	NOUN
cblr-3021	465	17	knowledge	knowledge	NOUN
cblr-3021	465	18	,	,	PUNCT
cblr-3021	465	19	not	not	PART
cblr-3021	465	20	to	to	PART
cblr-3021	465	21	mention	mention	VERB
cblr-3021	465	22	considerable	considerable	ADJ
cblr-3021	465	23	business	business	NOUN
cblr-3021	465	24	connections	connection	NOUN
cblr-3021	465	25	.	.	PUNCT
cblr-3021	466	1	9	9	NUM
cblr-3021	466	2	see	see	VERB
cblr-3021	466	3	bristow	bristow	PROPN
cblr-3021	466	4	&	&	CCONJ
cblr-3021	466	5	petillon	petillon	PROPN
cblr-3021	466	6	,	,	PUNCT
cblr-3021	466	7	supra	supra	PROPN
cblr-3021	466	8	note	note	NOUN
cblr-3021	466	9	5	5	NUM
cblr-3021	466	10	.	.	PUNCT
cblr-3021	466	11	"	"	PUNCT
cblr-3021	467	1	see	see	VERB
cblr-3021	467	2	capital	capital	NOUN
cblr-3021	467	3	access	access	NOUN
cblr-3021	467	4	company	company	NOUN
cblr-3021	467	5	law	law	NOUN
cblr-3021	467	6	,	,	PUNCT
cblr-3021	467	7	cal	cal	PROPN
cblr-3021	467	8	.	.	PUNCT
cblr-3021	467	9	corp	corp	PROPN
cblr-3021	467	10	.	.	PROPN
cblr-3021	467	11	code	code	PROPN
cblr-3021	467	12	§	§	PROPN
cblr-3021	467	13	28110	28110	NUM
cblr-3021	467	14	(	(	PUNCT
cblr-3021	467	15	west	west	NOUN
cblr-3021	467	16	supp	supp	PROPN
cblr-3021	467	17	.	.	PUNCT
cblr-3021	468	1	2004	2004	NUM
cblr-3021	468	2	)	)	PUNCT
cblr-3021	468	3	.	.	PUNCT
cblr-3021	469	1	9	9	NUM
cblr-3021	469	2	see	see	VERB
cblr-3021	469	3	juan	juan	PROPN
cblr-3021	469	4	hovey	hovey	PROPN
cblr-3021	469	5	,	,	PUNCT
cblr-3021	469	6	state	state	NOUN
cblr-3021	469	7	's	's	PART
cblr-3021	469	8	limits	limit	NOUN
cblr-3021	469	9	on	on	ADP
cblr-3021	469	10	capital	capital	NOUN
cblr-3021	469	11	access	access	NOUN
cblr-3021	469	12	funds	fund	NOUN
cblr-3021	469	13	means	mean	VERB
cblr-3021	469	14	missed	miss	VERB
cblr-3021	469	15	opportunities	opportunity	NOUN
cblr-3021	469	16	,	,	PUNCT
cblr-3021	469	17	l.a	l.a	PROPN
cblr-3021	469	18	.	.	PROPN
cblr-3021	469	19	times	times	PROPN
cblr-3021	469	20	,	,	PUNCT
cblr-3021	469	21	july	july	PROPN
cblr-3021	469	22	14	14	NUM
cblr-3021	469	23	,	,	PUNCT
cblr-3021	469	24	1999	1999	NUM
cblr-3021	469	25	,	,	PUNCT
cblr-3021	469	26	at	at	ADP
cblr-3021	469	27	c6	c6	PROPN
cblr-3021	469	28	.	.	PUNCT
cblr-3021	470	1	no	no	INTJ
cblr-3021	470	2	.	.	PUNCT
cblr-3021	471	1	1:77	1:77	NUM
cblr-3021	471	2	]	]	PUNCT
cblr-3021	471	3	relief	relief	NOUN
cblr-3021	471	4	have	have	AUX
cblr-3021	471	5	been	be	AUX
cblr-3021	471	6	introduced	introduce	VERB
cblr-3021	471	7	,	,	PUNCT
cblr-3021	471	8	but	but	CCONJ
cblr-3021	471	9	have	have	AUX
cblr-3021	471	10	not	not	PART
cblr-3021	471	11	been	be	AUX
cblr-3021	471	12	able	able	ADJ
cblr-3021	471	13	to	to	PART
cblr-3021	471	14	make	make	VERB
cblr-3021	471	15	it	it	PRON
cblr-3021	471	16	past	past	ADP
cblr-3021	471	17	the	the	DET
cblr-3021	471	18	committee	committee	NOUN
cblr-3021	471	19	level	level	NOUN
cblr-3021	471	20	in	in	ADP
cblr-3021	471	21	the	the	DET
cblr-3021	471	22	legislature	legislature	NOUN
cblr-3021	471	23	.	.	PUNCT
cblr-3021	472	1	99	99	NUM
cblr-3021	472	2	iv	iv	NOUN
cblr-3021	472	3	.	.	PUNCT
cblr-3021	473	1	the	the	DET
cblr-3021	473	2	net	net	ADJ
cblr-3021	473	3	effects	effect	NOUN
cblr-3021	473	4	of	of	ADP
cblr-3021	473	5	nsmia	nsmia	NOUN
cblr-3021	473	6	,	,	PUNCT
cblr-3021	473	7	cacl	cacl	PROPN
cblr-3021	473	8	,	,	PUNCT
cblr-3021	473	9	&	&	CCONJ
cblr-3021	473	10	other	other	ADJ
cblr-3021	473	11	recent	recent	ADJ
cblr-3021	473	12	legislation	legislation	NOUN
cblr-3021	473	13	:	:	PUNCT
cblr-3021	473	14	how	how	SCONJ
cblr-3021	473	15	real	real	ADJ
cblr-3021	473	16	is	be	AUX
cblr-3021	473	17	reform	reform	NOUN
cblr-3021	473	18	?	?	PUNCT
cblr-3021	474	1	as	as	SCONJ
cblr-3021	474	2	discussed	discuss	VERB
cblr-3021	474	3	,	,	PUNCT
cblr-3021	474	4	the	the	DET
cblr-3021	474	5	only	only	ADJ
cblr-3021	474	6	potential	potential	ADJ
cblr-3021	474	7	relief	relief	NOUN
cblr-3021	474	8	provided	provide	VERB
cblr-3021	474	9	to	to	PART
cblr-3021	474	10	venture	venture	VERB
cblr-3021	474	11	capital	capital	NOUN
cblr-3021	474	12	funds	fund	NOUN
cblr-3021	474	13	by	by	ADP
cblr-3021	474	14	the	the	DET
cblr-3021	474	15	nsmia	nsmia	PROPN
cblr-3021	474	16	is	be	AUX
cblr-3021	474	17	the	the	DET
cblr-3021	474	18	§	§	PROPN
cblr-3021	474	19	6(a)(5	6(a)(5	NUM
cblr-3021	474	20	)	)	PUNCT
cblr-3021	474	21	exemption	exemption	NOUN
cblr-3021	474	22	added	add	VERB
cblr-3021	474	23	to	to	ADP
cblr-3021	474	24	the	the	DET
cblr-3021	474	25	'	'	NUM
cblr-3021	474	26	40	40	NUM
cblr-3021	474	27	act	act	NOUN
cblr-3021	474	28	.	.	PUNCT
cblr-3021	475	1	given	give	VERB
cblr-3021	475	2	the	the	DET
cblr-3021	475	3	inaction	inaction	NOUN
cblr-3021	475	4	by	by	ADP
cblr-3021	475	5	almost	almost	ADV
cblr-3021	475	6	all	all	DET
cblr-3021	475	7	state	state	NOUN
cblr-3021	475	8	legislatures	legislature	NOUN
cblr-3021	475	9	during	during	ADP
cblr-3021	475	10	the	the	DET
cblr-3021	475	11	past	past	ADJ
cblr-3021	475	12	six	six	NUM
cblr-3021	475	13	years	year	NOUN
cblr-3021	475	14	,	,	PUNCT
cblr-3021	475	15	the	the	DET
cblr-3021	475	16	efficacy	efficacy	NOUN
cblr-3021	475	17	of	of	ADP
cblr-3021	475	18	this	this	DET
cblr-3021	475	19	exemption	exemption	NOUN
cblr-3021	475	20	is	be	AUX
cblr-3021	475	21	dubious	dubious	ADJ
cblr-3021	475	22	.	.	PUNCT
cblr-3021	476	1	california	california	PROPN
cblr-3021	476	2	's	's	PART
cblr-3021	476	3	cacl	cacl	PROPN
cblr-3021	476	4	provides	provide	VERB
cblr-3021	476	5	an	an	DET
cblr-3021	476	6	additional	additional	ADJ
cblr-3021	476	7	indication	indication	NOUN
cblr-3021	476	8	of	of	ADP
cblr-3021	476	9	the	the	DET
cblr-3021	476	10	legislation	legislation	NOUN
cblr-3021	476	11	's	's	PART
cblr-3021	476	12	strengths	strength	NOUN
cblr-3021	476	13	and	and	CCONJ
cblr-3021	476	14	drawbacks	drawback	NOUN
cblr-3021	476	15	.	.	PUNCT
cblr-3021	477	1	the	the	DET
cblr-3021	477	2	relaxation	relaxation	NOUN
cblr-3021	477	3	of	of	ADP
cblr-3021	477	4	the	the	DET
cblr-3021	477	5	100	100	NUM
cblr-3021	477	6	-	-	PUNCT
cblr-3021	477	7	shareholder	shareholder	NOUN
cblr-3021	477	8	restriction	restriction	NOUN
cblr-3021	477	9	to	to	ADP
cblr-3021	477	10	500	500	NUM
cblr-3021	477	11	may	may	AUX
cblr-3021	477	12	extend	extend	VERB
cblr-3021	477	13	access	access	NOUN
cblr-3021	477	14	to	to	ADP
cblr-3021	477	15	capital	capital	NOUN
cblr-3021	477	16	,	,	PUNCT
cblr-3021	477	17	but	but	CCONJ
cblr-3021	477	18	the	the	DET
cblr-3021	477	19	extension	extension	NOUN
cblr-3021	477	20	may	may	AUX
cblr-3021	477	21	not	not	PART
cblr-3021	477	22	be	be	AUX
cblr-3021	477	23	economically	economically	ADV
cblr-3021	477	24	significant	significant	ADJ
cblr-3021	477	25	.	.	PUNCT
cblr-3021	478	1	100	100	NUM
cblr-3021	478	2	furthermore	furthermore	ADV
cblr-3021	478	3	,	,	PUNCT
cblr-3021	478	4	the	the	DET
cblr-3021	478	5	consensus	consensus	NOUN
cblr-3021	478	6	behind	behind	ADP
cblr-3021	478	7	california	california	PROPN
cblr-3021	478	8	's	's	PART
cblr-3021	478	9	cacl	cacl	PROPN
cblr-3021	478	10	indicates	indicate	VERB
cblr-3021	478	11	that	that	SCONJ
cblr-3021	478	12	the	the	DET
cblr-3021	478	13	nsmia	nsmia	NOUN
cblr-3021	478	14	might	might	AUX
cblr-3021	478	15	allow	allow	VERB
cblr-3021	478	16	for	for	ADP
cblr-3021	478	17	some	some	DET
cblr-3021	478	18	measure	measure	NOUN
cblr-3021	478	19	of	of	ADP
cblr-3021	478	20	politically	politically	ADV
cblr-3021	478	21	acceptable	acceptable	ADJ
cblr-3021	478	22	regulatory	regulatory	ADJ
cblr-3021	478	23	relief	relief	NOUN
cblr-3021	478	24	.	.	PUNCT
cblr-3021	479	1	thus	thus	ADV
cblr-3021	479	2	,	,	PUNCT
cblr-3021	479	3	from	from	ADP
cblr-3021	479	4	the	the	DET
cblr-3021	479	5	cacl	cacl	PROPN
cblr-3021	479	6	,	,	PUNCT
cblr-3021	479	7	one	one	PRON
cblr-3021	479	8	can	can	AUX
cblr-3021	479	9	ascertain	ascertain	VERB
cblr-3021	479	10	that	that	SCONJ
cblr-3021	479	11	state	state	NOUN
cblr-3021	479	12	regulated	regulated	ADJ
cblr-3021	479	13	venture	venture	NOUN
cblr-3021	479	14	funds	fund	NOUN
cblr-3021	479	15	with	with	ADP
cblr-3021	479	16	greater	great	ADJ
cblr-3021	479	17	access	access	NOUN
cblr-3021	479	18	,	,	PUNCT
cblr-3021	479	19	at	at	ADP
cblr-3021	479	20	least	least	ADJ
cblr-3021	479	21	in	in	ADP
cblr-3021	479	22	theory	theory	NOUN
cblr-3021	479	23	,	,	PUNCT
cblr-3021	479	24	may	may	AUX
cblr-3021	479	25	be	be	AUX
cblr-3021	479	26	achievable	achievable	ADJ
cblr-3021	479	27	under	under	ADP
cblr-3021	479	28	the	the	DET
cblr-3021	479	29	nsmia	nsmia	NOUN
cblr-3021	479	30	.	.	PUNCT
cblr-3021	480	1	however	however	ADV
cblr-3021	480	2	,	,	PUNCT
cblr-3021	480	3	in	in	ADP
cblr-3021	480	4	practice	practice	NOUN
cblr-3021	480	5	,	,	PUNCT
cblr-3021	480	6	the	the	DET
cblr-3021	480	7	fact	fact	NOUN
cblr-3021	480	8	remains	remain	VERB
cblr-3021	480	9	that	that	SCONJ
cblr-3021	480	10	venture	venture	NOUN
cblr-3021	480	11	capital	capital	NOUN
cblr-3021	480	12	funds	fund	NOUN
cblr-3021	480	13	still	still	ADV
cblr-3021	480	14	are	be	AUX
cblr-3021	480	15	subject	subject	ADJ
cblr-3021	480	16	to	to	ADP
cblr-3021	480	17	many	many	ADJ
cblr-3021	480	18	restrictions	restriction	NOUN
cblr-3021	480	19	imposed	impose	VERB
cblr-3021	480	20	by	by	ADP
cblr-3021	480	21	the	the	DET
cblr-3021	480	22	'	'	NUM
cblr-3021	480	23	40	40	NUM
cblr-3021	480	24	act	act	NOUN
cblr-3021	480	25	and	and	CCONJ
cblr-3021	480	26	other	other	ADJ
cblr-3021	480	27	federal	federal	ADJ
cblr-3021	480	28	securities	security	NOUN
cblr-3021	480	29	laws	law	NOUN
cblr-3021	480	30	.	.	PUNCT
cblr-3021	481	1	for	for	ADP
cblr-3021	481	2	instance	instance	NOUN
cblr-3021	481	3	,	,	PUNCT
cblr-3021	481	4	all	all	DET
cblr-3021	481	5	investors	investor	NOUN
cblr-3021	481	6	must	must	AUX
cblr-3021	481	7	be	be	AUX
cblr-3021	481	8	accredited	accredit	VERB
cblr-3021	481	9	as	as	SCONJ
cblr-3021	481	10	defined	define	VERB
cblr-3021	481	11	in	in	ADP
cblr-3021	481	12	§	§	PROPN
cblr-3021	481	13	2(a)(15	2(a)(15	NUM
cblr-3021	481	14	)	)	PUNCT
cblr-3021	481	15	of	of	ADP
cblr-3021	481	16	the	the	DET
cblr-3021	481	17	securities	security	NOUN
cblr-3021	481	18	act	act	NOUN
cblr-3021	481	19	of	of	ADP
cblr-3021	481	20	1933,101	1933,101	NUM
cblr-3021	481	21	which	which	PRON
cblr-3021	481	22	means	mean	VERB
cblr-3021	481	23	that	that	SCONJ
cblr-3021	481	24	they	they	PRON
cblr-3021	481	25	must	must	AUX
cblr-3021	481	26	have	have	VERB
cblr-3021	481	27	a	a	DET
cblr-3021	481	28	net	net	ADJ
cblr-3021	481	29	worth	worth	NOUN
cblr-3021	481	30	of	of	ADP
cblr-3021	481	31	at	at	ADV
cblr-3021	481	32	least	least	ADV
cblr-3021	481	33	$	$	SYM
cblr-3021	481	34	1	1	NUM
cblr-3021	481	35	million	million	NUM
cblr-3021	481	36	or	or	CCONJ
cblr-3021	481	37	an	an	DET
cblr-3021	481	38	income	income	NOUN
cblr-3021	481	39	of	of	ADP
cblr-3021	481	40	at	at	ADV
cblr-3021	481	41	least	least	ADV
cblr-3021	481	42	$	$	SYM
cblr-3021	481	43	200,000	200,000	NUM
cblr-3021	481	44	per	per	ADP
cblr-3021	481	45	year	year	NOUN
cblr-3021	481	46	(	(	PUNCT
cblr-3021	481	47	$	$	SYM
cblr-3021	481	48	300,000	300,000	NUM
cblr-3021	481	49	if	if	ADV
cblr-3021	481	50	married	marry	VERB
cblr-3021	481	51	)	)	PUNCT
cblr-3021	481	52	.	.	PUNCT
cblr-3021	482	1	in	in	ADP
cblr-3021	482	2	addition	addition	NOUN
cblr-3021	482	3	,	,	PUNCT
cblr-3021	482	4	the	the	DET
cblr-3021	482	5	80	80	NUM
cblr-3021	482	6	%	%	NOUN
cblr-3021	482	7	resident	resident	NOUN
cblr-3021	482	8	requirement	requirement	NOUN
cblr-3021	482	9	for	for	ADP
cblr-3021	482	10	the	the	DET
cblr-3021	482	11	sale	sale	NOUN
cblr-3021	482	12	of	of	ADP
cblr-3021	482	13	securities,0	securities,0	ADJ
cblr-3021	482	14	2	2	NUM
cblr-3021	482	15	the	the	DET
cblr-3021	482	16	proscription	proscription	NOUN
cblr-3021	482	17	of	of	ADP
cblr-3021	482	18	issuing	issue	VERB
cblr-3021	482	19	redeemable	redeemable	NOUN
cblr-3021	482	20	99	99	NUM
cblr-3021	482	21	see	see	VERB
cblr-3021	482	22	bristow	bristow	PROPN
cblr-3021	482	23	&	&	CCONJ
cblr-3021	482	24	petillon	petillon	PROPN
cblr-3021	482	25	,	,	PUNCT
cblr-3021	482	26	supra	supra	PROPN
cblr-3021	482	27	note	note	NOUN
cblr-3021	482	28	5	5	NUM
cblr-3021	482	29	.	.	PUNCT
cblr-3021	482	30	"	"	PUNCT
cblr-3021	483	1	see	see	VERB
cblr-3021	483	2	crawford	crawford	PROPN
cblr-3021	483	3	,	,	PUNCT
cblr-3021	483	4	supra	supra	PROPN
cblr-3021	483	5	note	note	PROPN
cblr-3021	483	6	86	86	NUM
cblr-3021	483	7	.	.	PUNCT
cblr-3021	484	1	the	the	DET
cblr-3021	484	2	removal	removal	NOUN
cblr-3021	484	3	of	of	ADP
cblr-3021	484	4	this	this	DET
cblr-3021	484	5	restriction	restriction	NOUN
cblr-3021	484	6	is	be	AUX
cblr-3021	484	7	magnified	magnify	VERB
cblr-3021	484	8	by	by	ADP
cblr-3021	484	9	the	the	DET
cblr-3021	484	10	fact	fact	NOUN
cblr-3021	484	11	that	that	SCONJ
cblr-3021	484	12	a	a	DET
cblr-3021	484	13	"	"	PUNCT
cblr-3021	484	14	look	look	NOUN
cblr-3021	484	15	through	through	ADP
cblr-3021	484	16	"	"	PUNCT
cblr-3021	484	17	rule	rule	NOUN
cblr-3021	484	18	used	use	VERB
cblr-3021	484	19	to	to	PART
cblr-3021	484	20	be	be	AUX
cblr-3021	484	21	applied	apply	VERB
cblr-3021	484	22	to	to	ADP
cblr-3021	484	23	shareholders	shareholder	NOUN
cblr-3021	484	24	,	,	PUNCT
cblr-3021	484	25	which	which	PRON
cblr-3021	484	26	meant	mean	VERB
cblr-3021	484	27	that	that	SCONJ
cblr-3021	484	28	persons	person	NOUN
cblr-3021	484	29	or	or	CCONJ
cblr-3021	484	30	institutions	institution	NOUN
cblr-3021	484	31	with	with	ADP
cblr-3021	484	32	interests	interest	NOUN
cblr-3021	484	33	in	in	ADP
cblr-3021	484	34	the	the	DET
cblr-3021	484	35	shareholder	shareholder	NOUN
cblr-3021	484	36	could	could	AUX
cblr-3021	484	37	be	be	AUX
cblr-3021	484	38	counted	count	VERB
cblr-3021	484	39	for	for	ADP
cblr-3021	484	40	the	the	DET
cblr-3021	484	41	purposes	purpose	NOUN
cblr-3021	484	42	of	of	ADP
cblr-3021	484	43	the	the	DET
cblr-3021	484	44	restriction	restriction	NOUN
cblr-3021	484	45	.	.	PUNCT
cblr-3021	485	1	see	see	VERB
cblr-3021	485	2	smith	smith	PROPN
cblr-3021	485	3	,	,	PUNCT
cblr-3021	485	4	supra	supra	PROPN
cblr-3021	485	5	note	note	NOUN
cblr-3021	485	6	23	23	NUM
cblr-3021	485	7	.	.	PUNCT
cblr-3021	485	8	''	''	PUNCT
cblr-3021	486	1	see	see	VERB
cblr-3021	486	2	15	15	NUM
cblr-3021	486	3	u.s.c	u.s.c	ADJ
cblr-3021	486	4	.	.	PUNCT
cblr-3021	487	1	§	§	PROPN
cblr-3021	487	2	80a-6(a)(5)(a)(iii	80a-6(a)(5)(a)(iii	NUM
cblr-3021	487	3	)	)	PUNCT
cblr-3021	487	4	(	(	PUNCT
cblr-3021	487	5	2000	2000	NUM
cblr-3021	487	6	)	)	PUNCT
cblr-3021	487	7	.	.	PUNCT
cblr-3021	488	1	102	102	NUM
cblr-3021	488	2	this	this	DET
cblr-3021	488	3	feature	feature	NOUN
cblr-3021	488	4	clearly	clearly	ADV
cblr-3021	488	5	benefits	benefit	VERB
cblr-3021	488	6	large	large	ADJ
cblr-3021	488	7	states	state	NOUN
cblr-3021	488	8	over	over	ADP
cblr-3021	488	9	small	small	ADJ
cblr-3021	488	10	states	state	NOUN
cblr-3021	488	11	which	which	PRON
cblr-3021	488	12	is	be	AUX
cblr-3021	488	13	a	a	DET
cblr-3021	488	14	policy	policy	NOUN
cblr-3021	488	15	clearly	clearly	ADV
cblr-3021	488	16	lacking	lack	VERB
cblr-3021	488	17	any	any	DET
cblr-3021	488	18	rational	rational	ADJ
cblr-3021	488	19	basis	basis	NOUN
cblr-3021	488	20	.	.	PUNCT
cblr-3021	489	1	columbia	columbia	PROPN
cblr-3021	489	2	business	business	PROPN
cblr-3021	489	3	la	la	PROPN
cblr-3021	489	4	w	w	PROPN
cblr-3021	489	5	review	review	NOUN
cblr-3021	489	6	[	[	X
cblr-3021	489	7	vol	vol	NOUN
cblr-3021	489	8	.	.	PUNCT
cblr-3021	489	9	2004	2004	NUM
cblr-3021	489	10	venture	venture	NOUN
cblr-3021	489	11	capital	capital	NOUN
cblr-3021	489	12	formation	formation	NOUN
cblr-3021	489	13	and	and	CCONJ
cblr-3021	489	14	access	access	NOUN
cblr-3021	489	15	securities	security	NOUN
cblr-3021	489	16	,	,	PUNCT
cblr-3021	489	17	and	and	CCONJ
cblr-3021	489	18	the	the	DET
cblr-3021	489	19	prohibition	prohibition	NOUN
cblr-3021	489	20	against	against	ADP
cblr-3021	489	21	purchasing	purchase	VERB
cblr-3021	489	22	securities	security	NOUN
cblr-3021	489	23	offered	offer	VERB
cblr-3021	489	24	by	by	ADP
cblr-3021	489	25	a	a	DET
cblr-3021	489	26	'	'	NUM
cblr-3021	489	27	40	40	NUM
cblr-3021	489	28	act	act	NOUN
cblr-3021	489	29	registered	register	VERB
cblr-3021	489	30	company	company	NOUN
cblr-3021	489	31	all	all	PRON
cblr-3021	489	32	remain	remain	VERB
cblr-3021	489	33	intact	intact	ADJ
cblr-3021	489	34	.	.	PUNCT
cblr-3021	490	1	thus	thus	ADV
cblr-3021	490	2	,	,	PUNCT
cblr-3021	490	3	under	under	ADP
cblr-3021	490	4	the	the	DET
cblr-3021	490	5	nsmia	nsmia	NOUN
cblr-3021	490	6	,	,	PUNCT
cblr-3021	490	7	the	the	DET
cblr-3021	490	8	cash	cash	NOUN
cblr-3021	490	9	flows	flow	NOUN
cblr-3021	490	10	of	of	ADP
cblr-3021	490	11	a	a	DET
cblr-3021	490	12	venture	venture	NOUN
cblr-3021	490	13	capital	capital	NOUN
cblr-3021	490	14	fund	fund	NOUN
cblr-3021	490	15	remain	remain	VERB
cblr-3021	490	16	highly	highly	ADV
cblr-3021	490	17	localized	localized	ADJ
cblr-3021	490	18	and	and	CCONJ
cblr-3021	490	19	access	access	NOUN
cblr-3021	490	20	still	still	ADV
cblr-3021	490	21	is	be	AUX
cblr-3021	490	22	limited	limit	VERB
cblr-3021	490	23	to	to	ADP
cblr-3021	490	24	wealthy	wealthy	ADJ
cblr-3021	490	25	individuals	individual	NOUN
cblr-3021	490	26	.	.	PUNCT
cblr-3021	491	1	given	give	VERB
cblr-3021	491	2	these	these	DET
cblr-3021	491	3	restrictions	restriction	NOUN
cblr-3021	491	4	and	and	CCONJ
cblr-3021	491	5	the	the	DET
cblr-3021	491	6	cacl	cacl	PROPN
cblr-3021	491	7	's	's	PART
cblr-3021	491	8	small	small	ADJ
cblr-3021	491	9	-impact	-impact	NOUN
cblr-3021	491	10	thus	thus	ADV
cblr-3021	491	11	far	far	ADV
cblr-3021	491	12	,	,	PUNCT
cblr-3021	491	13	it	it	PRON
cblr-3021	491	14	is	be	AUX
cblr-3021	491	15	highly	highly	ADV
cblr-3021	491	16	questionable	questionable	ADJ
cblr-3021	491	17	whether	whether	SCONJ
cblr-3021	491	18	the	the	DET
cblr-3021	491	19	nsmia	nsmia	NOUN
cblr-3021	491	20	sufficiently	sufficiently	ADV
cblr-3021	491	21	democratizes	democratize	VERB
cblr-3021	491	22	venture	venture	NOUN
cblr-3021	491	23	capital	capital	NOUN
cblr-3021	491	24	in	in	ADP
cblr-3021	491	25	practice	practice	NOUN
cblr-3021	491	26	.	.	PUNCT
cblr-3021	492	1	the	the	DET
cblr-3021	492	2	present	present	ADJ
cblr-3021	492	3	situation	situation	NOUN
cblr-3021	492	4	,	,	PUNCT
cblr-3021	492	5	several	several	ADJ
cblr-3021	492	6	years	year	NOUN
cblr-3021	492	7	after	after	ADP
cblr-3021	492	8	the	the	DET
cblr-3021	492	9	nsmia	nsmia	NOUN
cblr-3021	492	10	and	and	CCONJ
cblr-3021	492	11	the	the	DET
cblr-3021	492	12	cacl	cacl	PROPN
cblr-3021	492	13	,	,	PUNCT
cblr-3021	492	14	suggests	suggest	VERB
cblr-3021	492	15	that	that	SCONJ
cblr-3021	492	16	further	further	ADJ
cblr-3021	492	17	legislative	legislative	ADJ
cblr-3021	492	18	action	action	NOUN
cblr-3021	492	19	likely	likely	ADV
cblr-3021	492	20	will	will	AUX
cblr-3021	492	21	be	be	AUX
cblr-3021	492	22	necessary	necessary	ADJ
cblr-3021	492	23	to	to	PART
cblr-3021	492	24	improve	improve	VERB
cblr-3021	492	25	capital	capital	NOUN
cblr-3021	492	26	formation	formation	NOUN
cblr-3021	492	27	.	.	PUNCT
cblr-3021	493	1	the	the	DET
cblr-3021	493	2	nsmia	nsmia	PROPN
cblr-3021	493	3	demonstrates	demonstrate	VERB
cblr-3021	493	4	that	that	SCONJ
cblr-3021	493	5	capital	capital	NOUN
cblr-3021	493	6	formation	formation	NOUN
cblr-3021	493	7	issues	issue	NOUN
cblr-3021	493	8	have	have	AUX
cblr-3021	493	9	found	find	VERB
cblr-3021	493	10	a	a	DET
cblr-3021	493	11	place	place	NOUN
cblr-3021	493	12	in	in	ADP
cblr-3021	493	13	a	a	DET
cblr-3021	493	14	bipartisan	bipartisan	ADJ
cblr-3021	493	15	,	,	PUNCT
cblr-3021	493	16	national	national	ADJ
cblr-3021	493	17	legislative	legislative	ADJ
cblr-3021	493	18	agenda	agenda	NOUN
cblr-3021	493	19	.	.	PUNCT
cblr-3021	494	1	this	this	DET
cblr-3021	494	2	development	development	NOUN
cblr-3021	494	3	alone	alone	ADV
cblr-3021	494	4	represents	represent	VERB
cblr-3021	494	5	significant	significant	ADJ
cblr-3021	494	6	progress	progress	NOUN
cblr-3021	494	7	.	.	PUNCT
cblr-3021	495	1	nevertheless	nevertheless	ADV
cblr-3021	495	2	,	,	PUNCT
cblr-3021	495	3	the	the	DET
cblr-3021	495	4	relief	relief	NOUN
cblr-3021	495	5	given	give	VERB
cblr-3021	495	6	to	to	PART
cblr-3021	495	7	venture	venture	VERB
cblr-3021	495	8	capital	capital	NOUN
cblr-3021	495	9	funds	fund	NOUN
cblr-3021	495	10	by	by	ADP
cblr-3021	495	11	the	the	DET
cblr-3021	495	12	government	government	NOUN
cblr-3021	495	13	remains	remain	VERB
cblr-3021	495	14	insufficient	insufficient	ADJ
cblr-3021	495	15	.	.	PUNCT
cblr-3021	496	1	so	so	ADV
cblr-3021	496	2	far	far	ADV
cblr-3021	496	3	,	,	PUNCT
cblr-3021	496	4	the	the	DET
cblr-3021	496	5	nsmia	nsmia	NOUN
cblr-3021	496	6	,	,	PUNCT
cblr-3021	496	7	coupled	couple	VERB
cblr-3021	496	8	with	with	ADP
cblr-3021	496	9	state	state	NOUN
cblr-3021	496	10	enabling	enable	VERB
cblr-3021	496	11	statutes	statute	NOUN
cblr-3021	496	12	such	such	ADJ
cblr-3021	496	13	as	as	ADP
cblr-3021	496	14	the	the	DET
cblr-3021	496	15	cacl	cacl	PROPN
cblr-3021	496	16	,	,	PUNCT
cblr-3021	496	17	have	have	AUX
cblr-3021	496	18	provided	provide	VERB
cblr-3021	496	19	minimal	minimal	ADJ
cblr-3021	496	20	relief	relief	NOUN
cblr-3021	496	21	in	in	ADP
cblr-3021	496	22	practice	practice	NOUN
cblr-3021	496	23	.	.	PUNCT
cblr-3021	497	1	three	three	NUM
cblr-3021	497	2	of	of	ADP
cblr-3021	497	3	the	the	DET
cblr-3021	497	4	four	four	NUM
cblr-3021	497	5	nsmia	nsmia	ADJ
cblr-3021	497	6	capital	capital	NOUN
cblr-3021	497	7	formation	formation	NOUN
cblr-3021	497	8	reforms	reform	NOUN
cblr-3021	497	9	(	(	PUNCT
cblr-3021	497	10	intrastate	intrastate	ADJ
cblr-3021	497	11	exemption	exemption	NOUN
cblr-3021	497	12	,	,	PUNCT
cblr-3021	497	13	qualified	qualified	ADJ
cblr-3021	497	14	purchaser	purchaser	NOUN
cblr-3021	497	15	exemption	exemption	NOUN
cblr-3021	497	16	,	,	PUNCT
cblr-3021	497	17	and	and	CCONJ
cblr-3021	497	18	added	add	VERB
cblr-3021	497	19	bdc	bdc	NOUN
cblr-3021	497	20	flexibility	flexibility	NOUN
cblr-3021	497	21	)	)	PUNCT
cblr-3021	497	22	do	do	AUX
cblr-3021	497	23	not	not	PART
cblr-3021	497	24	promote	promote	VERB
cblr-3021	497	25	the	the	DET
cblr-3021	497	26	relief	relief	NOUN
cblr-3021	497	27	the	the	DET
cblr-3021	497	28	legislation	legislation	NOUN
cblr-3021	497	29	purports	purport	VERB
cblr-3021	497	30	to	to	PART
cblr-3021	497	31	deliver	deliver	VERB
cblr-3021	497	32	.	.	PUNCT
cblr-3021	498	1	10	10	NUM
cblr-3021	498	2	3	3	NUM
cblr-3021	498	3	only	only	ADV
cblr-3021	498	4	california	california	PROPN
cblr-3021	498	5	has	have	AUX
cblr-3021	498	6	utilized	utilize	VERB
cblr-3021	498	7	the	the	DET
cblr-3021	498	8	§	§	PROPN
cblr-3021	498	9	6(a)(5	6(a)(5	NUM
cblr-3021	498	10	)	)	PUNCT
cblr-3021	498	11	exemption	exemption	NOUN
cblr-3021	498	12	and	and	CCONJ
cblr-3021	498	13	there	there	PRON
cblr-3021	498	14	have	have	AUX
cblr-3021	498	15	not	not	PART
cblr-3021	498	16	been	be	AUX
cblr-3021	498	17	any	any	DET
cblr-3021	498	18	applications	application	NOUN
cblr-3021	498	19	for	for	ADP
cblr-3021	498	20	exemption	exemption	NOUN
cblr-3021	498	21	under	under	ADP
cblr-3021	498	22	cacl	cacl	PROPN
cblr-3021	498	23	.	.	PUNCT
cblr-3021	499	1	when	when	SCONJ
cblr-3021	499	2	considered	consider	VERB
cblr-3021	499	3	with	with	ADP
cblr-3021	499	4	other	other	ADJ
cblr-3021	499	5	relevant	relevant	ADJ
cblr-3021	499	6	regulation	regulation	NOUN
cblr-3021	499	7	during	during	ADP
cblr-3021	499	8	the	the	DET
cblr-3021	499	9	past	past	ADJ
cblr-3021	499	10	several	several	ADJ
cblr-3021	499	11	years	year	NOUN
cblr-3021	499	12	,	,	PUNCT
cblr-3021	499	13	particularly	particularly	ADV
cblr-3021	499	14	the	the	DET
cblr-3021	499	15	nasdaq	nasdaq	NOUN
cblr-3021	499	16	and	and	CCONJ
cblr-3021	499	17	rule	rule	VERB
cblr-3021	499	18	504	504	NUM
cblr-3021	499	19	reforms	reform	NOUN
cblr-3021	499	20	discussed	discuss	VERB
cblr-3021	499	21	below	below	ADV
cblr-3021	499	22	,	,	PUNCT
cblr-3021	499	23	venture	venture	NOUN
cblr-3021	499	24	capital	capital	NOUN
cblr-3021	499	25	funds	fund	NOUN
cblr-3021	499	26	and	and	CCONJ
cblr-3021	499	27	new	new	ADJ
cblr-3021	499	28	business	business	NOUN
cblr-3021	499	29	development	development	NOUN
cblr-3021	499	30	may	may	AUX
cblr-3021	499	31	not	not	PART
cblr-3021	499	32	be	be	AUX
cblr-3021	499	33	receiving	receive	VERB
cblr-3021	499	34	more	more	ADJ
cblr-3021	499	35	relief	relief	NOUN
cblr-3021	499	36	-	-	PUNCT
cblr-3021	499	37	they	they	PRON
cblr-3021	499	38	may	may	AUX
cblr-3021	499	39	in	in	ADP
cblr-3021	499	40	fact	fact	NOUN
cblr-3021	499	41	be	be	AUX
cblr-3021	499	42	receiving	receive	VERB
cblr-3021	499	43	less	less	ADJ
cblr-3021	499	44	.	.	PUNCT
cblr-3021	500	1	in	in	ADP
cblr-3021	500	2	other	other	ADJ
cblr-3021	500	3	words	word	NOUN
cblr-3021	500	4	,	,	PUNCT
cblr-3021	500	5	although	although	SCONJ
cblr-3021	500	6	the	the	DET
cblr-3021	500	7	nsmia	nsmia	NOUN
cblr-3021	500	8	may	may	AUX
cblr-3021	500	9	have	have	AUX
cblr-3021	500	10	reduced	reduce	VERB
cblr-3021	500	11	federal	federal	ADJ
cblr-3021	500	12	regulation	regulation	NOUN
cblr-3021	500	13	(	(	PUNCT
cblr-3021	500	14	already	already	ADV
cblr-3021	500	15	a	a	DET
cblr-3021	500	16	questionable	questionable	ADJ
cblr-3021	500	17	assumption	assumption	NOUN
cblr-3021	500	18	in	in	ADP
cblr-3021	500	19	practice	practice	NOUN
cblr-3021	500	20	as	as	SCONJ
cblr-3021	500	21	discussed	discuss	VERB
cblr-3021	500	22	)	)	PUNCT
cblr-3021	500	23	,	,	PUNCT
cblr-3021	500	24	gross	gross	ADJ
cblr-3021	500	25	regulation	regulation	NOUN
cblr-3021	500	26	,	,	PUNCT
cblr-3021	500	27	including	include	VERB
cblr-3021	500	28	the	the	DET
cblr-3021	500	29	portion	portion	NOUN
cblr-3021	500	30	affecting	affect	VERB
cblr-3021	500	31	venture	venture	NOUN
cblr-3021	500	32	firms	firm	NOUN
cblr-3021	500	33	through	through	ADP
cblr-3021	500	34	securities	security	NOUN
cblr-3021	500	35	markets	market	NOUN
cblr-3021	500	36	and	and	CCONJ
cblr-3021	500	37	non	non	ADJ
cblr-3021	500	38	-	-	ADJ
cblr-3021	500	39	governmental	governmental	ADJ
cblr-3021	500	40	organizations	organization	NOUN
cblr-3021	500	41	,	,	PUNCT
cblr-3021	500	42	may	may	AUX
cblr-3021	500	43	have	have	AUX
cblr-3021	500	44	increased	increase	VERB
cblr-3021	500	45	.	.	PUNCT
cblr-3021	501	1	other	other	ADJ
cblr-3021	501	2	attempts	attempt	NOUN
cblr-3021	501	3	to	to	PART
cblr-3021	501	4	form	form	VERB
cblr-3021	501	5	and	and	CCONJ
cblr-3021	501	6	to	to	PART
cblr-3021	501	7	allow	allow	VERB
cblr-3021	501	8	access	access	NOUN
cblr-3021	501	9	to	to	ADP
cblr-3021	501	10	more	more	ADJ
cblr-3021	501	11	risk	risk	NOUN
cblr-3021	501	12	capital	capital	NOUN
cblr-3021	501	13	still	still	ADV
cblr-3021	501	14	do	do	AUX
cblr-3021	501	15	not	not	PART
cblr-3021	501	16	mitigate	mitigate	VERB
cblr-3021	501	17	the	the	DET
cblr-3021	501	18	likelihood	likelihood	NOUN
cblr-3021	501	19	that	that	SCONJ
cblr-3021	501	20	venture	venture	NOUN
cblr-3021	501	21	capitalists	capitalist	NOUN
cblr-3021	501	22	,	,	PUNCT
cblr-3021	501	23	in	in	ADP
cblr-3021	501	24	terms	term	NOUN
cblr-3021	501	25	of	of	ADP
cblr-3021	501	26	net	net	ADJ
cblr-3021	501	27	103	103	NUM
cblr-3021	501	28	see	see	NOUN
cblr-3021	501	29	statement	statement	NOUN
cblr-3021	501	30	on	on	ADP
cblr-3021	501	31	signing	sign	VERB
cblr-3021	501	32	the	the	DET
cblr-3021	501	33	national	national	ADJ
cblr-3021	501	34	securities	security	NOUN
cblr-3021	501	35	markets	market	NOUN
cblr-3021	501	36	improvements	improvement	NOUN
cblr-3021	501	37	act	act	PROPN
cblr-3021	501	38	of	of	ADP
cblr-3021	501	39	1996	1996	NUM
cblr-3021	501	40	,	,	PUNCT
cblr-3021	501	41	32	32	NUM
cblr-3021	501	42	weekly	weekly	ADJ
cblr-3021	501	43	comp	comp	NOUN
cblr-3021	501	44	.	.	PUNCT
cblr-3021	502	1	pres	pres	PROPN
cblr-3021	502	2	.	.	PUNCT
cblr-3021	503	1	doc	doc	PROPN
cblr-3021	503	2	.	.	PROPN
cblr-3021	503	3	2038	2038	NUM
cblr-3021	503	4	(	(	PUNCT
cblr-3021	503	5	oct	oct	PROPN
cblr-3021	503	6	.	.	PROPN
cblr-3021	503	7	11	11	NUM
cblr-3021	503	8	,	,	PUNCT
cblr-3021	503	9	1996	1996	NUM
cblr-3021	503	10	)	)	PUNCT
cblr-3021	503	11	;	;	PUNCT
cblr-3021	503	12	see	see	VERB
cblr-3021	503	13	also	also	ADV
cblr-3021	503	14	142	142	NUM
cblr-3021	503	15	cong	cong	NOUN
cblr-3021	503	16	.	.	PUNCT
cblr-3021	504	1	rec	rec	PROPN
cblr-3021	504	2	.	.	PUNCT
cblr-3021	505	1	s12,093	s12,093	PROPN
cblr-3021	505	2	-	-	PUNCT
cblr-3021	505	3	94	94	NUM
cblr-3021	505	4	(	(	PUNCT
cblr-3021	505	5	1996	1996	NUM
cblr-3021	505	6	)	)	PUNCT
cblr-3021	505	7	.	.	PUNCT
cblr-3021	506	1	no	no	INTJ
cblr-3021	506	2	.	.	PUNCT
cblr-3021	507	1	1:77	1:77	NUM
cblr-3021	507	2	]	]	PUNCT
cblr-3021	507	3	regulation	regulation	NOUN
cblr-3021	507	4	,	,	PUNCT
cblr-3021	507	5	are	be	AUX
cblr-3021	507	6	not	not	PART
cblr-3021	507	7	much	much	ADV
cblr-3021	507	8	better	well	ADJ
cblr-3021	507	9	off	off	ADP
cblr-3021	507	10	and	and	CCONJ
cblr-3021	507	11	could	could	AUX
cblr-3021	507	12	even	even	ADV
cblr-3021	507	13	be	be	AUX
cblr-3021	507	14	in	in	ADP
cblr-3021	507	15	a	a	DET
cblr-3021	507	16	worse	bad	ADJ
cblr-3021	507	17	position	position	NOUN
cblr-3021	507	18	than	than	ADP
cblr-3021	507	19	before	before	ADP
cblr-3021	507	20	the	the	DET
cblr-3021	507	21	nsmia	nsmia	NOUN
cblr-3021	507	22	and	and	CCONJ
cblr-3021	507	23	cacl	cacl	PROPN
cblr-3021	507	24	.	.	PUNCT
cblr-3021	507	25	a.	a.	PROPN
cblr-3021	507	26	nasdaq	nasdaq	PROPN
cblr-3021	507	27	reforms	reform	NOUN
cblr-3021	507	28	in	in	ADP
cblr-3021	507	29	1994	1994	NUM
cblr-3021	507	30	,	,	PUNCT
cblr-3021	507	31	the	the	DET
cblr-3021	507	32	sec	sec	PROPN
cblr-3021	507	33	and	and	CCONJ
cblr-3021	507	34	justice	justice	PROPN
cblr-3021	507	35	department	department	PROPN
cblr-3021	507	36	launched	launch	VERB
cblr-3021	507	37	an	an	DET
cblr-3021	507	38	extensive	extensive	ADJ
cblr-3021	507	39	investigation	investigation	NOUN
cblr-3021	507	40	of	of	ADP
cblr-3021	507	41	the	the	DET
cblr-3021	507	42	national	national	PROPN
cblr-3021	507	43	association	association	PROPN
cblr-3021	507	44	of	of	ADP
cblr-3021	507	45	securities	security	NOUN
cblr-3021	507	46	dealers	dealer	NOUN
cblr-3021	507	47	(	(	PUNCT
cblr-3021	507	48	"	"	PUNCT
cblr-3021	507	49	nasd	nasd	NOUN
cblr-3021	507	50	"	"	PUNCT
cblr-3021	507	51	)	)	PUNCT
cblr-3021	507	52	guidelines	guideline	VERB
cblr-3021	507	53	10	10	NUM
cblr-3021	507	54	4	4	NUM
cblr-3021	507	55	and	and	CCONJ
cblr-3021	507	56	nasdaq	nasdaq	PROPN
cblr-3021	507	57	market	market	NOUN
cblr-3021	507	58	makers	maker	NOUN
cblr-3021	507	59	for	for	ADP
cblr-3021	507	60	inflating	inflate	VERB
cblr-3021	507	61	price	price	NOUN
cblr-3021	507	62	spreads.0	spreads.0	ADV
cblr-3021	507	63	5	5	NUM
cblr-3021	507	64	as	as	ADP
cblr-3021	507	65	a	a	DET
cblr-3021	507	66	result	result	NOUN
cblr-3021	507	67	,	,	PUNCT
cblr-3021	507	68	thirty	thirty	NUM
cblr-3021	507	69	trading	trading	NOUN
cblr-3021	507	70	firms	firm	NOUN
cblr-3021	507	71	agreed	agree	VERB
cblr-3021	507	72	to	to	ADP
cblr-3021	507	73	a	a	DET
cblr-3021	507	74	billion	billion	NUM
cblr-3021	507	75	-	-	PUNCT
cblr-3021	507	76	dollar	dollar	NOUN
cblr-3021	507	77	class	class	NOUN
cblr-3021	507	78	-	-	PUNCT
cblr-3021	507	79	action	action	NOUN
cblr-3021	507	80	lawsuit	lawsuit	NOUN
cblr-3021	507	81	settlement	settlement	NOUN
cblr-3021	507	82	,	,	PUNCT
cblr-3021	507	83	and	and	CCONJ
cblr-3021	507	84	the	the	DET
cblr-3021	507	85	nasd	nasd	NOUN
cblr-3021	507	86	agreed	agree	VERB
cblr-3021	507	87	to	to	PART
cblr-3021	507	88	reform	reform	VERB
cblr-3021	507	89	its	its	PRON
cblr-3021	507	90	regulatory	regulatory	ADJ
cblr-3021	507	91	practices	practice	NOUN
cblr-3021	507	92	.	.	PUNCT
cblr-3021	508	1	however	however	ADV
cblr-3021	508	2	,	,	PUNCT
cblr-3021	508	3	critics	critic	NOUN
cblr-3021	508	4	of	of	ADP
cblr-3021	508	5	the	the	DET
cblr-3021	508	6	reforms	reform	NOUN
cblr-3021	508	7	believe	believe	VERB
cblr-3021	508	8	that	that	SCONJ
cblr-3021	508	9	they	they	PRON
cblr-3021	508	10	have	have	AUX
cblr-3021	508	11	produced	produce	VERB
cblr-3021	508	12	harmful	harmful	ADJ
cblr-3021	508	13	results	result	NOUN
cblr-3021	508	14	and	and	CCONJ
cblr-3021	508	15	that	that	SCONJ
cblr-3021	508	16	the	the	DET
cblr-3021	508	17	sec	sec	PROPN
cblr-3021	508	18	failed	fail	VERB
cblr-3021	508	19	to	to	PART
cblr-3021	508	20	assess	assess	VERB
cblr-3021	508	21	adequately	adequately	ADV
cblr-3021	508	22	their	their	PRON
cblr-3021	508	23	potential	potential	ADJ
cblr-3021	508	24	market	market	NOUN
cblr-3021	508	25	effects	effect	NOUN
cblr-3021	508	26	.	.	PUNCT
cblr-3021	509	1	more	more	ADV
cblr-3021	509	2	specifically	specifically	ADV
cblr-3021	509	3	,	,	PUNCT
cblr-3021	509	4	the	the	DET
cblr-3021	509	5	federal	federal	ADJ
cblr-3021	509	6	intervention	intervention	NOUN
cblr-3021	509	7	may	may	AUX
cblr-3021	509	8	have	have	AUX
cblr-3021	509	9	inhibited	inhibit	VERB
cblr-3021	509	10	capital	capital	NOUN
cblr-3021	509	11	access	access	NOUN
cblr-3021	509	12	by	by	ADP
cblr-3021	509	13	fledgling	fledgling	NOUN
cblr-3021	509	14	businesses	business	NOUN
cblr-3021	509	15	listed	list	VERB
cblr-3021	509	16	on	on	ADP
cblr-3021	509	17	the	the	DET
cblr-3021	509	18	nasdaq	nasdaq	NOUN
cblr-3021	509	19	and	and	CCONJ
cblr-3021	509	20	liquidity	liquidity	NOUN
cblr-3021	509	21	for	for	ADP
cblr-3021	509	22	venture	venture	NOUN
cblr-3021	509	23	capitalists	capitalist	NOUN
cblr-3021	509	24	seeking	seek	VERB
cblr-3021	509	25	to	to	PART
cblr-3021	509	26	profit	profit	VERB
cblr-3021	509	27	on	on	ADP
cblr-3021	509	28	their	their	PRON
cblr-3021	509	29	investments	investment	NOUN
cblr-3021	509	30	.	.	PUNCT
cblr-3021	510	1	10	10	NUM
cblr-3021	510	2	6	6	NUM
cblr-3021	510	3	while	while	SCONJ
cblr-3021	510	4	the	the	DET
cblr-3021	510	5	sec	sec	PROPN
cblr-3021	510	6	-	-	PUNCT
cblr-3021	510	7	mandated	mandate	VERB
cblr-3021	510	8	nasd	nasd	NOUN
cblr-3021	510	9	reforms	reform	NOUN
cblr-3021	510	10	may	may	AUX
cblr-3021	510	11	decrease	decrease	VERB
cblr-3021	510	12	trading	trading	NOUN
cblr-3021	510	13	costs	cost	NOUN
cblr-3021	510	14	for	for	ADP
cblr-3021	510	15	individual	individual	ADJ
cblr-3021	510	16	investors	investor	NOUN
cblr-3021	510	17	by	by	ADP
cblr-3021	510	18	reducing	reduce	VERB
cblr-3021	510	19	price	price	NOUN
cblr-3021	510	20	spreads	spread	NOUN
cblr-3021	510	21	,	,	PUNCT
cblr-3021	510	22	they	they	PRON
cblr-3021	510	23	also	also	ADV
cblr-3021	510	24	deter	deter	VERB
cblr-3021	510	25	market	market	NOUN
cblr-3021	510	26	makers	maker	NOUN
cblr-3021	510	27	from	from	ADP
cblr-3021	510	28	trading	trade	VERB
cblr-3021	510	29	large	large	ADJ
cblr-3021	510	30	quantities	quantity	NOUN
cblr-3021	510	31	of	of	ADP
cblr-3021	510	32	small	small	ADJ
cblr-3021	510	33	-	-	PUNCT
cblr-3021	510	34	capitalization	capitalization	NOUN
cblr-3021	510	35	companies	company	NOUN
cblr-3021	510	36	'	'	PART
cblr-3021	510	37	stock	stock	NOUN
cblr-3021	510	38	because	because	SCONJ
cblr-3021	510	39	it	it	PRON
cblr-3021	510	40	now	now	ADV
cblr-3021	510	41	is	be	AUX
cblr-3021	510	42	unprofitable	unprofitable	ADJ
cblr-3021	510	43	.	.	PUNCT
cblr-3021	511	1	10	10	NUM
cblr-3021	511	2	7	7	NUM
cblr-3021	511	3	furthermore	furthermore	ADV
cblr-3021	511	4	,	,	PUNCT
cblr-3021	511	5	incentives	incentive	VERB
cblr-3021	511	6	to	to	PART
cblr-3021	511	7	provide	provide	VERB
cblr-3021	511	8	research	research	NOUN
cblr-3021	511	9	coverage	coverage	NOUN
cblr-3021	511	10	have	have	AUX
cblr-3021	511	11	been	be	AUX
cblr-3021	511	12	eliminated	eliminate	VERB
cblr-3021	511	13	for	for	ADP
cblr-3021	511	14	these	these	DET
cblr-3021	511	15	entrepreneurial	entrepreneurial	ADJ
cblr-3021	511	16	firms	firm	NOUN
cblr-3021	511	17	.	.	PUNCT
cblr-3021	512	1	as	as	ADP
cblr-3021	512	2	a	a	DET
cblr-3021	512	3	result	result	NOUN
cblr-3021	512	4	,	,	PUNCT
cblr-3021	512	5	institutions	institution	NOUN
cblr-3021	512	6	find	find	VERB
cblr-3021	512	7	it	it	PRON
cblr-3021	512	8	more	more	ADV
cblr-3021	512	9	difficult	difficult	ADJ
cblr-3021	512	10	to	to	PART
cblr-3021	512	11	take	take	VERB
cblr-3021	512	12	positions	position	NOUN
cblr-3021	512	13	in	in	ADP
cblr-3021	512	14	such	such	ADJ
cblr-3021	512	15	stocks	stock	NOUN
cblr-3021	512	16	,	,	PUNCT
cblr-3021	512	17	thus	thus	ADV
cblr-3021	512	18	reducing	reduce	VERB
cblr-3021	512	19	liquidity	liquidity	NOUN
cblr-3021	512	20	for	for	ADP
cblr-3021	512	21	investors	investor	NOUN
cblr-3021	512	22	in	in	ADP
cblr-3021	512	23	emerging	emerge	VERB
cblr-3021	512	24	104	104	NUM
cblr-3021	512	25	the	the	DET
cblr-3021	512	26	nasd	nasd	NOUN
cblr-3021	512	27	is	be	AUX
cblr-3021	512	28	the	the	DET
cblr-3021	512	29	governing	govern	VERB
cblr-3021	512	30	body	body	NOUN
cblr-3021	512	31	that	that	PRON
cblr-3021	512	32	regulates	regulate	VERB
cblr-3021	512	33	the	the	DET
cblr-3021	512	34	nasdaq	nasdaq	PROPN
cblr-3021	512	35	stock	stock	NOUN
cblr-3021	512	36	market	market	NOUN
cblr-3021	512	37	.	.	PUNCT
cblr-3021	513	1	'	'	PUNCT
cblr-3021	513	2	0	0	X
cblr-3021	513	3	'	'	PUNCT
cblr-3021	513	4	the	the	DET
cblr-3021	513	5	"	"	PUNCT
cblr-3021	513	6	spread	spread	NOUN
cblr-3021	513	7	"	"	PUNCT
cblr-3021	513	8	is	be	AUX
cblr-3021	513	9	the	the	DET
cblr-3021	513	10	difference	difference	NOUN
cblr-3021	513	11	between	between	ADP
cblr-3021	513	12	the	the	DET
cblr-3021	513	13	"	"	PUNCT
cblr-3021	513	14	ask	ask	NOUN
cblr-3021	513	15	"	"	PUNCT
cblr-3021	513	16	and	and	CCONJ
cblr-3021	513	17	the	the	DET
cblr-3021	513	18	"	"	PUNCT
cblr-3021	513	19	bid	bid	NOUN
cblr-3021	513	20	"	"	PUNCT
cblr-3021	513	21	price	price	NOUN
cblr-3021	513	22	.	.	PUNCT
cblr-3021	514	1	the	the	PRON
cblr-3021	514	2	bigger	big	ADJ
cblr-3021	514	3	the	the	DET
cblr-3021	514	4	spread	spread	NOUN
cblr-3021	514	5	,	,	PUNCT
cblr-3021	514	6	the	the	PRON
cblr-3021	514	7	larger	large	ADJ
cblr-3021	514	8	the	the	DET
cblr-3021	514	9	profit	profit	NOUN
cblr-3021	514	10	market	market	NOUN
cblr-3021	514	11	makers	maker	NOUN
cblr-3021	514	12	command	command	VERB
cblr-3021	514	13	on	on	ADP
cblr-3021	514	14	trades	trade	NOUN
cblr-3021	514	15	.	.	PUNCT
cblr-3021	515	1	106	106	NUM
cblr-3021	515	2	public	public	ADJ
cblr-3021	515	3	offerings	offering	NOUN
cblr-3021	515	4	generally	generally	ADV
cblr-3021	515	5	are	be	AUX
cblr-3021	515	6	the	the	DET
cblr-3021	515	7	preferred	preferred	ADJ
cblr-3021	515	8	exit	exit	NOUN
cblr-3021	515	9	strategy	strategy	NOUN
cblr-3021	515	10	for	for	ADP
cblr-3021	515	11	venture	venture	NOUN
cblr-3021	515	12	capitalists	capitalist	NOUN
cblr-3021	515	13	.	.	PUNCT
cblr-3021	516	1	see	see	VERB
cblr-3021	516	2	fenn	fenn	PROPN
cblr-3021	516	3	,	,	PUNCT
cblr-3021	516	4	supra	supra	PROPN
cblr-3021	516	5	note	note	NOUN
cblr-3021	516	6	32	32	NUM
cblr-3021	516	7	,	,	PUNCT
cblr-3021	516	8	at	at	ADP
cblr-3021	516	9	56	56	NUM
cblr-3021	516	10	(	(	PUNCT
cblr-3021	516	11	noting	note	VERB
cblr-3021	516	12	that	that	SCONJ
cblr-3021	516	13	ipos	ipos	NOUN
cblr-3021	516	14	are	be	AUX
cblr-3021	516	15	desirable	desirable	ADJ
cblr-3021	516	16	to	to	ADP
cblr-3021	516	17	the	the	DET
cblr-3021	516	18	venture	venture	NOUN
cblr-3021	516	19	capitalist	capitalist	NOUN
cblr-3021	516	20	and	and	CCONJ
cblr-3021	516	21	the	the	DET
cblr-3021	516	22	company	company	NOUN
cblr-3021	516	23	's	's	PART
cblr-3021	516	24	management	management	NOUN
cblr-3021	516	25	alike	alike	ADV
cblr-3021	516	26	because	because	SCONJ
cblr-3021	516	27	they	they	PRON
cblr-3021	516	28	not	not	PART
cblr-3021	516	29	only	only	ADV
cblr-3021	516	30	bring	bring	VERB
cblr-3021	516	31	the	the	DET
cblr-3021	516	32	highest	high	ADJ
cblr-3021	516	33	valuations	valuation	NOUN
cblr-3021	516	34	but	but	CCONJ
cblr-3021	516	35	also	also	ADV
cblr-3021	516	36	preserve	preserve	VERB
cblr-3021	516	37	the	the	DET
cblr-3021	516	38	firm	firm	NOUN
cblr-3021	516	39	's	's	PART
cblr-3021	516	40	independence	independence	NOUN
cblr-3021	516	41	and	and	CCONJ
cblr-3021	516	42	provide	provide	VERB
cblr-3021	516	43	it	it	PRON
cblr-3021	516	44	with	with	ADP
cblr-3021	516	45	continued	continue	VERB
cblr-3021	516	46	access	access	NOUN
cblr-3021	516	47	to	to	ADP
cblr-3021	516	48	capital	capital	NOUN
cblr-3021	516	49	)	)	PUNCT
cblr-3021	516	50	.	.	PUNCT
cblr-3021	517	1	107	107	NUM
cblr-3021	517	2	see	see	VERB
cblr-3021	517	3	bethany	bethany	PROPN
cblr-3021	517	4	mclean	mclean	PROPN
cblr-3021	517	5	,	,	PUNCT
cblr-3021	517	6	did	do	AUX
cblr-3021	517	7	nasdaq	nasdaq	PROPN
cblr-3021	517	8	's	's	PART
cblr-3021	517	9	reforms	reform	NOUN
cblr-3021	517	10	backfire	backfire	VERB
cblr-3021	517	11	?	?	PUNCT
cblr-3021	517	12	,	,	PUNCT
cblr-3021	517	13	fortune	fortune	PROPN
cblr-3021	517	14	,	,	PUNCT
cblr-3021	517	15	mar	mar	PROPN
cblr-3021	517	16	.	.	PROPN
cblr-3021	517	17	1	1	NUM
cblr-3021	517	18	,	,	PUNCT
cblr-3021	517	19	1999	1999	NUM
cblr-3021	517	20	,	,	PUNCT
cblr-3021	517	21	at	at	ADP
cblr-3021	517	22	250	250	NUM
cblr-3021	517	23	(	(	PUNCT
cblr-3021	517	24	noting	note	VERB
cblr-3021	517	25	that	that	SCONJ
cblr-3021	517	26	profits	profit	NOUN
cblr-3021	517	27	from	from	ADP
cblr-3021	517	28	nasdaq	nasdaq	NOUN
cblr-3021	517	29	market	market	NOUN
cblr-3021	517	30	making	make	VERB
cblr-3021	517	31	"	"	PUNCT
cblr-3021	517	32	have	have	AUX
cblr-3021	517	33	gone	go	VERB
cblr-3021	517	34	from	from	ADP
cblr-3021	517	35	grossly	grossly	ADV
cblr-3021	517	36	lucrative	lucrative	ADJ
cblr-3021	517	37	to	to	ADP
cblr-3021	517	38	laughable	laughable	ADJ
cblr-3021	517	39	"	"	PUNCT
cblr-3021	517	40	)	)	PUNCT
cblr-3021	517	41	.	.	PUNCT
cblr-3021	518	1	columbia	columbia	PROPN
cblr-3021	518	2	business	business	PROPN
cblr-3021	518	3	la	la	PROPN
cblr-3021	518	4	w	w	PROPN
cblr-3021	518	5	review	review	NOUN
cblr-3021	518	6	[	[	X
cblr-3021	518	7	vol	vol	NOUN
cblr-3021	518	8	.	.	PUNCT
cblr-3021	518	9	2004	2004	NUM
cblr-3021	518	10	venture	venture	NOUN
cblr-3021	518	11	capital	capital	NOUN
cblr-3021	518	12	formation	formation	NOUN
cblr-3021	518	13	and	and	CCONJ
cblr-3021	518	14	access	access	NOUN
cblr-3021	518	15	companies.0'0	companies.0'0	VERB
cblr-3021	518	16	a	a	DET
cblr-3021	518	17	possible	possible	ADJ
cblr-3021	518	18	effect	effect	NOUN
cblr-3021	518	19	has	have	AUX
cblr-3021	518	20	been	be	AUX
cblr-3021	518	21	that	that	DET
cblr-3021	518	22	small	small	ADJ
cblr-3021	518	23	-	-	PUNCT
cblr-3021	518	24	cap	cap	NOUN
cblr-3021	518	25	stocks	stock	NOUN
cblr-3021	518	26	(	(	PUNCT
cblr-3021	518	27	under	under	ADP
cblr-3021	518	28	$	$	SYM
cblr-3021	518	29	300	300	NUM
cblr-3021	518	30	million	million	NUM
cblr-3021	518	31	in	in	ADP
cblr-3021	518	32	market	market	NOUN
cblr-3021	518	33	-	-	PUNCT
cblr-3021	518	34	capitalization	capitalization	NOUN
cblr-3021	518	35	)	)	PUNCT
cblr-3021	518	36	underperformed	underperform	VERB
cblr-3021	518	37	for	for	ADP
cblr-3021	518	38	several	several	ADJ
cblr-3021	518	39	years	year	NOUN
cblr-3021	518	40	,	,	PUNCT
cblr-3021	518	41	leaving	leave	VERB
cblr-3021	518	42	companies	company	NOUN
cblr-3021	518	43	without	without	ADP
cblr-3021	518	44	capital	capital	NOUN
cblr-3021	518	45	vital	vital	ADJ
cblr-3021	518	46	to	to	ADP
cblr-3021	518	47	their	their	PRON
cblr-3021	518	48	growth	growth	NOUN
cblr-3021	518	49	and	and	CCONJ
cblr-3021	518	50	venture	venture	NOUN
cblr-3021	518	51	capitalists	capitalist	NOUN
cblr-3021	518	52	without	without	ADP
cblr-3021	518	53	an	an	DET
cblr-3021	518	54	attractive	attractive	ADJ
cblr-3021	518	55	exit	exit	NOUN
cblr-3021	518	56	strategy	strategy	NOUN
cblr-3021	518	57	from	from	ADP
cblr-3021	518	58	their	their	PRON
cblr-3021	518	59	investments	investment	NOUN
cblr-3021	518	60	.	.	PUNCT
cblr-3021	519	1	19	19	NUM
cblr-3021	519	2	regardless	regardless	ADV
cblr-3021	519	3	,	,	PUNCT
cblr-3021	519	4	there	there	PRON
cblr-3021	519	5	has	have	AUX
cblr-3021	519	6	been	be	AUX
cblr-3021	519	7	a	a	DET
cblr-3021	519	8	pervasive	pervasive	ADJ
cblr-3021	519	9	disappearance	disappearance	NOUN
cblr-3021	519	10	in	in	ADP
cblr-3021	519	11	the	the	DET
cblr-3021	519	12	liquidity	liquidity	NOUN
cblr-3021	519	13	and	and	CCONJ
cblr-3021	519	14	research	research	NOUN
cblr-3021	519	15	coverage	coverage	NOUN
cblr-3021	519	16	of	of	ADP
cblr-3021	519	17	smaller	small	ADJ
cblr-3021	519	18	nasdaq	nasdaq	PROPN
cblr-3021	519	19	issues	issue	NOUN
cblr-3021	519	20	since	since	SCONJ
cblr-3021	519	21	the	the	DET
cblr-3021	519	22	reforms	reform	NOUN
cblr-3021	519	23	because	because	SCONJ
cblr-3021	519	24	the	the	DET
cblr-3021	519	25	incentives	incentive	NOUN
cblr-3021	519	26	for	for	ADP
cblr-3021	519	27	major	major	ADJ
cblr-3021	519	28	market	market	NOUN
cblr-3021	519	29	markers	marker	NOUN
cblr-3021	519	30	to	to	PART
cblr-3021	519	31	deal	deal	VERB
cblr-3021	519	32	no	no	ADV
cblr-3021	519	33	longer	long	ADV
cblr-3021	519	34	exist	exist	VERB
cblr-3021	519	35	.	.	PUNCT
cblr-3021	520	1	"0	"0	VERB
cblr-3021	520	2	the	the	DET
cblr-3021	520	3	implementation	implementation	NOUN
cblr-3021	520	4	of	of	ADP
cblr-3021	520	5	decimal	decimal	ADJ
cblr-3021	520	6	price	price	NOUN
cblr-3021	520	7	quotations	quotation	NOUN
cblr-3021	520	8	may	may	AUX
cblr-3021	520	9	exacerbate	exacerbate	VERB
cblr-3021	520	10	the	the	DET
cblr-3021	520	11	problem	problem	NOUN
cblr-3021	520	12	,	,	PUNCT
cblr-3021	520	13	as	as	SCONJ
cblr-3021	520	14	spreads	spread	NOUN
cblr-3021	520	15	already	already	ADV
cblr-3021	520	16	have	have	AUX
cblr-3021	520	17	shrunk	shrink	VERB
cblr-3021	520	18	40	40	NUM
cblr-3021	520	19	%	%	NOUN
cblr-3021	520	20	since	since	SCONJ
cblr-3021	520	21	1997.111	1997.111	NUM
cblr-3021	520	22	for	for	ADP
cblr-3021	520	23	an	an	DET
cblr-3021	520	24	illustrative	illustrative	ADJ
cblr-3021	520	25	chart	chart	NOUN
cblr-3021	520	26	see	see	VERB
cblr-3021	520	27	table	table	NOUN
cblr-3021	520	28	6	6	NUM
cblr-3021	520	29	infra	infra	NOUN
cblr-3021	520	30	.	.	PUNCT
cblr-3021	521	1	b.	b.	PROPN
cblr-3021	521	2	rule	rule	VERB
cblr-3021	521	3	504	504	NUM
cblr-3021	521	4	of	of	ADP
cblr-3021	521	5	regulation	regulation	NOUN
cblr-3021	521	6	d	d	NOUN
cblr-3021	521	7	amendments	amendment	NOUN
cblr-3021	521	8	in	in	ADP
cblr-3021	521	9	1999	1999	NUM
cblr-3021	521	10	,	,	PUNCT
cblr-3021	521	11	the	the	DET
cblr-3021	521	12	sec	sec	PROPN
cblr-3021	521	13	reformed	reform	VERB
cblr-3021	521	14	rule	rule	VERB
cblr-3021	521	15	504	504	NUM
cblr-3021	521	16	of	of	ADP
cblr-3021	521	17	regulation	regulation	NOUN
cblr-3021	521	18	d	d	NOUN
cblr-3021	521	19	in	in	ADP
cblr-3021	521	20	order	order	NOUN
cblr-3021	521	21	to	to	PART
cblr-3021	521	22	combat	combat	VERB
cblr-3021	521	23	"	"	PUNCT
cblr-3021	521	24	pump	pump	VERB
cblr-3021	521	25	and	and	CCONJ
cblr-3021	521	26	dump	dump	VERB
cblr-3021	521	27	"	"	PUNCT
cblr-3021	521	28	schemes	scheme	NOUN
cblr-3021	521	29	in	in	ADP
cblr-3021	521	30	the	the	DET
cblr-3021	521	31	micro	micro	ADJ
cblr-3021	521	32	-	-	NOUN
cblr-3021	521	33	cap	cap	ADJ
cblr-3021	521	34	markets	market	NOUN
cblr-3021	521	35	.	.	PUNCT
cblr-3021	522	1	"	"	PUNCT
cblr-3021	522	2	'	'	PUNCT
cblr-3021	522	3	rule	rule	VERB
cblr-3021	522	4	504	504	NUM
cblr-3021	522	5	allowed	allow	VERB
cblr-3021	522	6	companies	company	NOUN
cblr-3021	522	7	to	to	PART
cblr-3021	522	8	raise	raise	VERB
cblr-3021	522	9	up	up	ADP
cblr-3021	522	10	to	to	PART
cblr-3021	522	11	$	$	SYM
cblr-3021	522	12	1	1	NUM
cblr-3021	522	13	"	"	PUNCT
cblr-3021	522	14	i	i	PRON
cblr-3021	522	15	d.	d.	PROPN
cblr-3021	522	16	(	(	PUNCT
cblr-3021	522	17	concluding	conclude	VERB
cblr-3021	522	18	that	that	SCONJ
cblr-3021	522	19	"	"	PUNCT
cblr-3021	522	20	[	[	X
cblr-3021	522	21	tihe	tihe	ADJ
cblr-3021	522	22	problem	problem	NOUN
cblr-3021	522	23	is	be	AUX
cblr-3021	522	24	that	that	SCONJ
cblr-3021	522	25	for	for	ADP
cblr-3021	522	26	all	all	DET
cblr-3021	522	27	their	their	PRON
cblr-3021	522	28	evil	evil	ADJ
cblr-3021	522	29	ways	way	NOUN
cblr-3021	522	30	,	,	PUNCT
cblr-3021	522	31	market	market	NOUN
cblr-3021	522	32	makers	maker	NOUN
cblr-3021	522	33	had	have	AUX
cblr-3021	522	34	-	-	PUNCT
cblr-3021	522	35	and	and	CCONJ
cblr-3021	522	36	have	have	VERB
cblr-3021	522	37	-	-	PUNCT
cblr-3021	522	38	a	a	DET
cblr-3021	522	39	purpose	purpose	NOUN
cblr-3021	522	40	:	:	PUNCT
cblr-3021	522	41	supporting	support	VERB
cblr-3021	522	42	small	small	ADJ
cblr-3021	522	43	companies	company	NOUN
cblr-3021	522	44	by	by	ADP
cblr-3021	522	45	providing	provide	VERB
cblr-3021	522	46	trading	trading	NOUN
cblr-3021	522	47	,	,	PUNCT
cblr-3021	522	48	research	research	NOUN
cblr-3021	522	49	,	,	PUNCT
cblr-3021	522	50	and	and	CCONJ
cblr-3021	522	51	access	access	NOUN
cblr-3021	522	52	to	to	ADP
cblr-3021	522	53	capital	capital	NOUN
cblr-3021	522	54	,	,	PUNCT
cblr-3021	522	55	which	which	PRON
cblr-3021	522	56	in	in	ADP
cblr-3021	522	57	turn	turn	NOUN
cblr-3021	522	58	encourages	encourage	VERB
cblr-3021	522	59	big	big	ADJ
cblr-3021	522	60	institutions	institution	NOUN
cblr-3021	522	61	to	to	PART
cblr-3021	522	62	venture	venture	VERB
cblr-3021	522	63	into	into	ADP
cblr-3021	522	64	these	these	DET
cblr-3021	522	65	stocks	stock	NOUN
cblr-3021	522	66	"	"	PUNCT
cblr-3021	522	67	)	)	PUNCT
cblr-3021	522	68	.	.	PUNCT
cblr-3021	522	69	"	"	PUNCT
cblr-3021	523	1	i	i	PRON
cblr-3021	523	2	d.	d.	PROPN
cblr-3021	523	3	(	(	PUNCT
cblr-3021	523	4	"	"	PUNCT
cblr-3021	523	5	the	the	DET
cblr-3021	523	6	poor	poor	ADJ
cblr-3021	523	7	performance	performance	NOUN
cblr-3021	523	8	during	during	ADP
cblr-3021	523	9	the	the	DET
cblr-3021	523	10	past	past	ADJ
cblr-3021	523	11	couple	couple	NOUN
cblr-3021	523	12	of	of	ADP
cblr-3021	523	13	years	year	NOUN
cblr-3021	523	14	in	in	ADP
cblr-3021	523	15	smallto	smallto	NOUN
cblr-3021	523	16	mid	mid	ADJ
cblr-3021	523	17	-	-	ADJ
cblr-3021	523	18	cap	cap	ADJ
cblr-3021	523	19	stocks	stock	NOUN
cblr-3021	523	20	is	be	AUX
cblr-3021	523	21	almost	almost	ADV
cblr-3021	523	22	solely	solely	ADV
cblr-3021	523	23	attributable	attributable	ADJ
cblr-3021	523	24	to	to	ADP
cblr-3021	523	25	these	these	DET
cblr-3021	523	26	nasdaq	nasdaq	PROPN
cblr-3021	523	27	reforms	reform	NOUN
cblr-3021	523	28	"	"	PUNCT
cblr-3021	523	29	)	)	PUNCT
cblr-3021	523	30	.	.	PUNCT
cblr-3021	524	1	but	but	CCONJ
cblr-3021	524	2	see	see	VERB
cblr-3021	524	3	james	james	PROPN
cblr-3021	524	4	f.	f.	PROPN
cblr-3021	524	5	verdonik	verdonik	PROPN
cblr-3021	524	6	,	,	PUNCT
cblr-3021	524	7	sec	sec	PROPN
cblr-3021	524	8	implements	implement	VERB
cblr-3021	524	9	reform	reform	NOUN
cblr-3021	524	10	of	of	ADP
cblr-3021	524	11	microcap	microcap	NOUN
cblr-3021	524	12	markets	market	NOUN
cblr-3021	524	13	,	,	PUNCT
cblr-3021	524	14	the	the	DET
cblr-3021	524	15	nat'l	nat'l	NOUN
cblr-3021	524	16	l.j	l.j	PROPN
cblr-3021	524	17	.	.	PROPN
cblr-3021	524	18	,	,	PUNCT
cblr-3021	524	19	sep	sep	PROPN
cblr-3021	524	20	.	.	PROPN
cblr-3021	524	21	6	6	NUM
cblr-3021	524	22	,	,	PUNCT
cblr-3021	524	23	1999	1999	NUM
cblr-3021	524	24	,	,	PUNCT
cblr-3021	524	25	at	at	ADP
cblr-3021	524	26	b10	b10	PROPN
cblr-3021	524	27	(	(	PUNCT
cblr-3021	524	28	hypothesizing	hypothesize	VERB
cblr-3021	524	29	that	that	SCONJ
cblr-3021	524	30	the	the	DET
cblr-3021	524	31	new	new	ADJ
cblr-3021	524	32	regulations	regulation	NOUN
cblr-3021	524	33	,	,	PUNCT
cblr-3021	524	34	while	while	SCONJ
cblr-3021	524	35	onerous	onerous	ADJ
cblr-3021	524	36	to	to	ADP
cblr-3021	524	37	small	small	ADJ
cblr-3021	524	38	companies	company	NOUN
cblr-3021	524	39	in	in	ADP
cblr-3021	524	40	traditional	traditional	ADJ
cblr-3021	524	41	industries	industry	NOUN
cblr-3021	524	42	,	,	PUNCT
cblr-3021	524	43	are	be	AUX
cblr-3021	524	44	likely	likely	ADJ
cblr-3021	524	45	to	to	PART
cblr-3021	524	46	have	have	VERB
cblr-3021	524	47	only	only	ADJ
cblr-3021	524	48	marginal	marginal	ADJ
cblr-3021	524	49	effects	effect	NOUN
cblr-3021	524	50	on	on	ADP
cblr-3021	524	51	the	the	DET
cblr-3021	524	52	ability	ability	NOUN
cblr-3021	524	53	of	of	ADP
cblr-3021	524	54	technology	technology	NOUN
cblr-3021	524	55	companies	company	NOUN
cblr-3021	524	56	to	to	PART
cblr-3021	524	57	raise	raise	VERB
cblr-3021	524	58	capital	capital	NOUN
cblr-3021	524	59	)	)	PUNCT
cblr-3021	524	60	.	.	PUNCT
cblr-3021	525	1	"	"	PUNCT
cblr-3021	525	2	'	'	PUNCT
cblr-3021	525	3	see	see	VERB
cblr-3021	525	4	specialist	specialist	PROPN
cblr-3021	525	5	association	association	PROPN
cblr-3021	525	6	,	,	PUNCT
cblr-3021	525	7	new	new	PROPN
cblr-3021	525	8	york	york	PROPN
cblr-3021	525	9	stock	stock	PROPN
cblr-3021	525	10	exch	exch	PROPN
cblr-3021	525	11	.	.	PROPN
cblr-3021	525	12	,	,	PUNCT
cblr-3021	525	13	position	position	NOUN
cblr-3021	525	14	on	on	ADP
cblr-3021	525	15	market	market	NOUN
cblr-3021	525	16	structure	structure	NOUN
cblr-3021	525	17	issues	issue	NOUN
cblr-3021	525	18	4	4	NUM
cblr-3021	525	19	.	.	PUNCT
cblr-3021	526	1	i	i	PRON
cblr-3021	526	2	see	see	VERB
cblr-3021	526	3	i	i	PRON
cblr-3021	526	4	d.	d.	PROPN
cblr-3021	526	5	(	(	PUNCT
cblr-3021	526	6	stating	state	VERB
cblr-3021	526	7	that	that	SCONJ
cblr-3021	526	8	as	as	SCONJ
cblr-3021	526	9	price	price	NOUN
cblr-3021	526	10	spreads	spread	NOUN
cblr-3021	526	11	have	have	AUX
cblr-3021	526	12	shrunk	shrink	VERB
cblr-3021	526	13	,	,	PUNCT
cblr-3021	526	14	so	so	ADV
cblr-3021	526	15	too	too	ADV
cblr-3021	526	16	have	have	VERB
cblr-3021	526	17	the	the	DET
cblr-3021	526	18	number	number	NOUN
cblr-3021	526	19	of	of	ADP
cblr-3021	526	20	market	market	NOUN
cblr-3021	526	21	makers	maker	NOUN
cblr-3021	526	22	per	per	ADP
cblr-3021	526	23	small	small	ADJ
cblr-3021	526	24	cap	cap	NOUN
cblr-3021	526	25	stock	stock	NOUN
cblr-3021	526	26	)	)	PUNCT
cblr-3021	526	27	.	.	PUNCT
cblr-3021	527	1	for	for	ADP
cblr-3021	527	2	the	the	DET
cblr-3021	527	3	sec	sec	PROPN
cblr-3021	527	4	's	's	PART
cblr-3021	527	5	decimal	decimal	ADJ
cblr-3021	527	6	quotation	quotation	NOUN
cblr-3021	527	7	directive	directive	NOUN
cblr-3021	527	8	,	,	PUNCT
cblr-3021	527	9	see	see	VERB
cblr-3021	527	10	press	press	NOUN
cblr-3021	527	11	release	release	NOUN
cblr-3021	527	12	,	,	PUNCT
cblr-3021	527	13	sec	sec	PROPN
cblr-3021	527	14	.	.	PROPN
cblr-3021	527	15	&	&	CCONJ
cblr-3021	527	16	exch	exch	PROPN
cblr-3021	527	17	.	.	PUNCT
cblr-3021	528	1	comm'n	comm'n	PROPN
cblr-3021	528	2	,	,	PUNCT
cblr-3021	528	3	sec	sec	PROPN
cblr-3021	528	4	orders	order	NOUN
cblr-3021	528	5	securities	security	NOUN
cblr-3021	528	6	markets	market	NOUN
cblr-3021	528	7	to	to	PART
cblr-3021	528	8	begin	begin	VERB
cblr-3021	528	9	trading	trade	VERB
cblr-3021	528	10	in	in	ADP
cblr-3021	528	11	decimals	decimal	NOUN
cblr-3021	528	12	on	on	ADP
cblr-3021	528	13	july	july	PROPN
cblr-3021	528	14	3	3	NUM
cblr-3021	528	15	,	,	PUNCT
cblr-3021	528	16	2000	2000	NUM
cblr-3021	528	17	;	;	PUNCT
cblr-3021	528	18	decimal	decimal	ADJ
cblr-3021	528	19	pricing	pricing	NOUN
cblr-3021	528	20	implementation	implementation	NOUN
cblr-3021	528	21	plan	plan	NOUN
cblr-3021	528	22	due	due	ADJ
cblr-3021	528	23	in	in	ADP
cblr-3021	528	24	45	45	NUM
cblr-3021	528	25	days	day	NOUN
cblr-3021	528	26	(	(	PUNCT
cblr-3021	528	27	jan	jan	PROPN
cblr-3021	528	28	.	.	PROPN
cblr-3021	528	29	28	28	NUM
cblr-3021	528	30	,	,	PUNCT
cblr-3021	528	31	2000	2000	NUM
cblr-3021	528	32	)	)	PUNCT
cblr-3021	528	33	,	,	PUNCT
cblr-3021	528	34	available	available	ADJ
cblr-3021	528	35	at	at	ADP
cblr-3021	528	36	http://www.sec.gov/news/press/2000-8.txt	http://www.sec.gov/news/press/2000-8.txt	VERB
cblr-3021	528	37	.	.	PUNCT
cblr-3021	529	1	112	112	NUM
cblr-3021	529	2	the	the	DET
cblr-3021	529	3	movie	movie	NOUN
cblr-3021	529	4	"	"	PUNCT
cblr-3021	529	5	boiler	boiler	NOUN
cblr-3021	529	6	room	room	NOUN
cblr-3021	529	7	"	"	PUNCT
cblr-3021	529	8	dramatized	dramatize	VERB
cblr-3021	529	9	"	"	PUNCT
cblr-3021	529	10	pump	pump	NOUN
cblr-3021	529	11	and	and	CCONJ
cblr-3021	529	12	dump	dump	VERB
cblr-3021	529	13	"	"	PUNCT
cblr-3021	529	14	schemes	scheme	NOUN
cblr-3021	529	15	.	.	PUNCT
cblr-3021	530	1	promoters	promoter	NOUN
cblr-3021	530	2	receive	receive	VERB
cblr-3021	530	3	a	a	DET
cblr-3021	530	4	private	private	ADJ
cblr-3021	530	5	placement	placement	NOUN
cblr-3021	530	6	of	of	ADP
cblr-3021	530	7	small	small	ADJ
cblr-3021	530	8	-	-	PUNCT
cblr-3021	530	9	company	company	NOUN
cblr-3021	530	10	shares	share	NOUN
cblr-3021	530	11	.	.	PUNCT
cblr-3021	531	1	brokers	broker	NOUN
cblr-3021	531	2	conduct	conduct	VERB
cblr-3021	531	3	massive	massive	ADJ
cblr-3021	531	4	cold	cold	NOUN
cblr-3021	531	5	-	-	PUNCT
cblr-3021	531	6	calling	call	VERB
cblr-3021	531	7	operations	operation	NOUN
cblr-3021	531	8	to	to	PART
cblr-3021	531	9	tout	tout	VERB
cblr-3021	531	10	the	the	DET
cblr-3021	531	11	stock	stock	NOUN
cblr-3021	531	12	with	with	ADP
cblr-3021	531	13	unfounded	unfounded	ADJ
cblr-3021	531	14	rumors	rumor	NOUN
cblr-3021	531	15	and	and	CCONJ
cblr-3021	531	16	to	to	PART
cblr-3021	531	17	sell	sell	VERB
cblr-3021	531	18	their	their	PRON
cblr-3021	531	19	shares	share	NOUN
cblr-3021	531	20	to	to	ADP
cblr-3021	531	21	unsuspecting	unsuspecting	ADJ
cblr-3021	531	22	clients	client	NOUN
cblr-3021	531	23	.	.	PUNCT
cblr-3021	532	1	as	as	SCONJ
cblr-3021	532	2	the	the	DET
cblr-3021	532	3	shares	share	NOUN
cblr-3021	532	4	are	be	AUX
cblr-3021	532	5	resold	resold	VERB
cblr-3021	532	6	,	,	PUNCT
cblr-3021	532	7	the	the	DET
cblr-3021	532	8	price	price	NOUN
cblr-3021	532	9	and	and	CCONJ
cblr-3021	532	10	the	the	DET
cblr-3021	532	11	volume	volume	NOUN
cblr-3021	532	12	of	of	ADP
cblr-3021	532	13	the	the	DET
cblr-3021	532	14	shares	share	NOUN
cblr-3021	532	15	explode	explode	VERB
cblr-3021	532	16	upward	upward	ADV
cblr-3021	532	17	because	because	SCONJ
cblr-3021	532	18	of	of	ADP
cblr-3021	532	19	no	no	DET
cblr-3021	532	20	.	.	PROPN
cblr-3021	532	21	1:771	1:771	PROPN
cblr-3021	532	22	columbia	columbia	PROPN
cblr-3021	532	23	business	business	NOUN
cblr-3021	532	24	law	law	PROPN
cblr-3021	532	25	review	review	VERB
cblr-3021	532	26	million	million	NUM
cblr-3021	532	27	per	per	ADP
cblr-3021	532	28	year	year	NOUN
cblr-3021	532	29	through	through	ADP
cblr-3021	532	30	small	small	ADJ
cblr-3021	532	31	corporate	corporate	ADJ
cblr-3021	532	32	offering	offering	NOUN
cblr-3021	532	33	registrations	registration	NOUN
cblr-3021	532	34	(	(	PUNCT
cblr-3021	532	35	"	"	PUNCT
cblr-3021	532	36	scor	scor	ADJ
cblr-3021	532	37	"	"	PUNCT
cblr-3021	532	38	)	)	PUNCT
cblr-3021	532	39	public	public	ADJ
cblr-3021	532	40	offerings	offering	NOUN
cblr-3021	532	41	exempt	exempt	ADJ
cblr-3021	532	42	from	from	ADP
cblr-3021	532	43	the	the	DET
cblr-3021	532	44	federal	federal	ADJ
cblr-3021	532	45	registration	registration	NOUN
cblr-3021	532	46	requirements	requirement	NOUN
cblr-3021	532	47	of	of	ADP
cblr-3021	532	48	the	the	DET
cblr-3021	532	49	securities	security	NOUN
cblr-3021	532	50	acts	act	NOUN
cblr-3021	532	51	of	of	ADP
cblr-3021	532	52	1933	1933	NUM
cblr-3021	532	53	and	and	CCONJ
cblr-3021	532	54	1934	1934	NUM
cblr-3021	532	55	,	,	PUNCT
cblr-3021	532	56	but	but	CCONJ
cblr-3021	532	57	subject	subject	ADJ
cblr-3021	532	58	to	to	ADP
cblr-3021	532	59	state	state	NOUN
cblr-3021	532	60	registration	registration	NOUN
cblr-3021	532	61	requirements	requirement	NOUN
cblr-3021	532	62	.	.	PUNCT
cblr-3021	533	1	the	the	DET
cblr-3021	533	2	scor	scor	PROPN
cblr-3021	533	3	exemption	exemption	NOUN
cblr-3021	533	4	had	have	AUX
cblr-3021	533	5	provided	provide	VERB
cblr-3021	533	6	small	small	ADJ
cblr-3021	533	7	companies	company	NOUN
cblr-3021	533	8	with	with	ADP
cblr-3021	533	9	ability	ability	NOUN
cblr-3021	533	10	to	to	PART
cblr-3021	533	11	raise	raise	VERB
cblr-3021	533	12	a	a	DET
cblr-3021	533	13	small	small	ADJ
cblr-3021	533	14	amount	amount	NOUN
cblr-3021	533	15	of	of	ADP
cblr-3021	533	16	capital	capital	NOUN
cblr-3021	533	17	from	from	ADP
cblr-3021	533	18	the	the	DET
cblr-3021	533	19	public	public	ADJ
cblr-3021	533	20	markets	market	NOUN
cblr-3021	533	21	.	.	PUNCT
cblr-3021	534	1	such	such	DET
cblr-3021	534	2	an	an	DET
cblr-3021	534	3	exemption	exemption	NOUN
cblr-3021	534	4	is	be	AUX
cblr-3021	534	5	important	important	ADJ
cblr-3021	534	6	because	because	SCONJ
cblr-3021	534	7	registered	registered	ADJ
cblr-3021	534	8	offerings	offering	NOUN
cblr-3021	534	9	usually	usually	ADV
cblr-3021	534	10	are	be	AUX
cblr-3021	534	11	too	too	ADV
cblr-3021	534	12	costly	costly	ADJ
cblr-3021	534	13	and	and	CCONJ
cblr-3021	534	14	timeconsuming	timeconsuming	ADJ
cblr-3021	534	15	for	for	ADP
cblr-3021	534	16	most	most	ADJ
cblr-3021	534	17	small	small	ADJ
cblr-3021	534	18	businesses.1	businesses.1	NOUN
cblr-3021	534	19	13	13	NUM
cblr-3021	534	20	the	the	DET
cblr-3021	534	21	1999	1999	NUM
cblr-3021	534	22	amendments	amendment	NOUN
cblr-3021	534	23	included	include	VERB
cblr-3021	534	24	applying	apply	VERB
cblr-3021	534	25	the	the	DET
cblr-3021	534	26	general	general	ADJ
cblr-3021	534	27	solicitation	solicitation	NOUN
cblr-3021	534	28	ban	ban	NOUN
cblr-3021	534	29	on	on	ADP
cblr-3021	534	30	rule	rule	NOUN
cblr-3021	534	31	505	505	NUM
cblr-3021	534	32	and	and	CCONJ
cblr-3021	534	33	506	506	NUM
cblr-3021	534	34	offerings	offering	NOUN
cblr-3021	534	35	to	to	PART
cblr-3021	534	36	rule	rule	VERB
cblr-3021	534	37	504	504	NUM
cblr-3021	534	38	offerings	offering	NOUN
cblr-3021	534	39	and	and	CCONJ
cblr-3021	534	40	further	far	ADV
cblr-3021	534	41	restricting	restrict	VERB
cblr-3021	534	42	the	the	DET
cblr-3021	534	43	resale	resale	NOUN
cblr-3021	534	44	of	of	ADP
cblr-3021	534	45	securities	security	NOUN
cblr-3021	534	46	issued	issue	VERB
cblr-3021	534	47	under	under	ADP
cblr-3021	534	48	rule	rule	NOUN
cblr-3021	534	49	504	504	NUM
cblr-3021	534	50	,	,	PUNCT
cblr-3021	534	51	making	make	VERB
cblr-3021	534	52	the	the	DET
cblr-3021	534	53	smallest	small	ADJ
cblr-3021	534	54	offering	offering	NOUN
cblr-3021	534	55	of	of	ADP
cblr-3021	534	56	securities	security	NOUN
cblr-3021	534	57	more	more	ADV
cblr-3021	534	58	restrictive	restrictive	ADJ
cblr-3021	534	59	than	than	ADP
cblr-3021	534	60	anytime	anytime	ADV
cblr-3021	534	61	since	since	SCONJ
cblr-3021	534	62	1953."14	1953."14	NUM
cblr-3021	534	63	as	as	ADP
cblr-3021	534	64	a	a	DET
cblr-3021	534	65	result	result	NOUN
cblr-3021	534	66	,	,	PUNCT
cblr-3021	534	67	companies	company	NOUN
cblr-3021	534	68	lost	lose	VERB
cblr-3021	534	69	an	an	DET
cblr-3021	534	70	important	important	ADJ
cblr-3021	534	71	means	mean	NOUN
cblr-3021	534	72	to	to	PART
cblr-3021	534	73	raise	raise	VERB
cblr-3021	534	74	capital	capital	NOUN
cblr-3021	534	75	in	in	ADP
cblr-3021	534	76	an	an	DET
cblr-3021	534	77	efficient	efficient	ADJ
cblr-3021	534	78	,	,	PUNCT
cblr-3021	534	79	low	low	ADJ
cblr-3021	534	80	cost	cost	NOUN
cblr-3021	534	81	manner	manner	NOUN
cblr-3021	534	82	.	.	PUNCT
cblr-3021	535	1	in	in	ADP
cblr-3021	535	2	1998	1998	NUM
cblr-3021	535	3	,	,	PUNCT
cblr-3021	535	4	there	there	PRON
cblr-3021	535	5	were	be	VERB
cblr-3021	535	6	approximately	approximately	ADV
cblr-3021	535	7	3,000	3,000	NUM
cblr-3021	535	8	form	form	NOUN
cblr-3021	535	9	d	d	NOUN
cblr-3021	535	10	filings,11	filings,11	NOUN
cblr-3021	535	11	5	5	NUM
cblr-3021	535	12	but	but	CCONJ
cblr-3021	535	13	the	the	DET
cblr-3021	535	14	amount	amount	NOUN
cblr-3021	535	15	dropped	drop	VERB
cblr-3021	535	16	sharply	sharply	ADV
cblr-3021	535	17	after	after	SCONJ
cblr-3021	535	18	1999.116	1999.116	PROPN
cblr-3021	535	19	this	this	DET
cblr-3021	535	20	action	action	NOUN
cblr-3021	535	21	occurred	occur	VERB
cblr-3021	535	22	despite	despite	SCONJ
cblr-3021	535	23	the	the	DET
cblr-3021	535	24	nsmia	nsmia	ADJ
cblr-3021	535	25	directive	directive	NOUN
cblr-3021	535	26	for	for	ADP
cblr-3021	535	27	the	the	DET
cblr-3021	535	28	sec	sec	PROPN
cblr-3021	535	29	to	to	PART
cblr-3021	535	30	"	"	PUNCT
cblr-3021	535	31	also	also	ADV
cblr-3021	535	32	consider	consider	VERB
cblr-3021	535	33	,	,	PUNCT
cblr-3021	535	34	in	in	ADP
cblr-3021	535	35	addition	addition	NOUN
cblr-3021	535	36	to	to	ADP
cblr-3021	535	37	the	the	DET
cblr-3021	535	38	protection	protection	NOUN
cblr-3021	535	39	of	of	ADP
cblr-3021	535	40	investors	investor	NOUN
cblr-3021	535	41	,	,	PUNCT
cblr-3021	535	42	whether	whether	SCONJ
cblr-3021	535	43	[	[	X
cblr-3021	535	44	subsequent	subsequent	ADJ
cblr-3021	535	45	]	]	X
cblr-3021	535	46	sec	sec	PROPN
cblr-3021	535	47	rule	rule	NOUN
cblr-3021	535	48	-	-	PUNCT
cblr-3021	535	49	making	make	VERB
cblr-3021	535	50	action	action	NOUN
cblr-3021	535	51	will	will	AUX
cblr-3021	535	52	the	the	DET
cblr-3021	535	53	small	small	ADJ
cblr-3021	535	54	float	float	NOUN
cblr-3021	535	55	(	(	PUNCT
cblr-3021	535	56	amount	amount	NOUN
cblr-3021	535	57	of	of	ADP
cblr-3021	535	58	shares	share	NOUN
cblr-3021	535	59	outstanding	outstanding	ADJ
cblr-3021	535	60	)	)	PUNCT
cblr-3021	535	61	.	.	PUNCT
cblr-3021	536	1	once	once	SCONJ
cblr-3021	536	2	the	the	DET
cblr-3021	536	3	stock	stock	NOUN
cblr-3021	536	4	blocks	block	NOUN
cblr-3021	536	5	are	be	AUX
cblr-3021	536	6	sold	sell	VERB
cblr-3021	536	7	off	off	ADP
cblr-3021	536	8	,	,	PUNCT
cblr-3021	536	9	investors	investor	NOUN
cblr-3021	536	10	are	be	AUX
cblr-3021	536	11	left	leave	VERB
cblr-3021	536	12	with	with	ADP
cblr-3021	536	13	illiquid	illiquid	ADJ
cblr-3021	536	14	shares	share	NOUN
cblr-3021	536	15	that	that	PRON
cblr-3021	536	16	can	can	AUX
cblr-3021	536	17	only	only	ADV
cblr-3021	536	18	be	be	AUX
cblr-3021	536	19	sold	sell	VERB
cblr-3021	536	20	at	at	ADP
cblr-3021	536	21	a	a	DET
cblr-3021	536	22	fraction	fraction	NOUN
cblr-3021	536	23	of	of	ADP
cblr-3021	536	24	the	the	DET
cblr-3021	536	25	purchase	purchase	NOUN
cblr-3021	536	26	price	price	NOUN
cblr-3021	536	27	.	.	PUNCT
cblr-3021	537	1	the	the	DET
cblr-3021	537	2	promoters	promoter	NOUN
cblr-3021	537	3	make	make	VERB
cblr-3021	537	4	out	out	ADP
cblr-3021	537	5	with	with	ADP
cblr-3021	537	6	the	the	DET
cblr-3021	537	7	profits	profit	NOUN
cblr-3021	537	8	from	from	ADP
cblr-3021	537	9	selling	sell	VERB
cblr-3021	537	10	the	the	DET
cblr-3021	537	11	shares	share	NOUN
cblr-3021	537	12	at	at	ADP
cblr-3021	537	13	high	high	ADJ
cblr-3021	537	14	prices	price	NOUN
cblr-3021	537	15	induced	induce	VERB
cblr-3021	537	16	by	by	ADP
cblr-3021	537	17	artificial	artificial	ADJ
cblr-3021	537	18	demand	demand	NOUN
cblr-3021	537	19	.	.	PUNCT
cblr-3021	538	1	see	see	VERB
cblr-3021	538	2	revision	revision	NOUN
cblr-3021	538	3	of	of	ADP
cblr-3021	538	4	rule	rule	NOUN
cblr-3021	538	5	504	504	NUM
cblr-3021	538	6	of	of	ADP
cblr-3021	538	7	regulation	regulation	NOUN
cblr-3021	538	8	d	d	NOUN
cblr-3021	538	9	,	,	PUNCT
cblr-3021	538	10	the	the	DET
cblr-3021	538	11	"	"	PUNCT
cblr-3021	538	12	seed	seed	NOUN
cblr-3021	538	13	capital	capital	NOUN
cblr-3021	538	14	"	"	PUNCT
cblr-3021	538	15	exemption	exemption	NOUN
cblr-3021	538	16	,	,	PUNCT
cblr-3021	538	17	securities	security	NOUN
cblr-3021	538	18	act	act	NOUN
cblr-3021	538	19	release	release	VERB
cblr-3021	538	20	no	no	NOUN
cblr-3021	538	21	.	.	NOUN
cblr-3021	538	22	33	33	NUM
cblr-3021	538	23	-	-	SYM
cblr-3021	538	24	7644	7644	NUM
cblr-3021	538	25	,	,	PUNCT
cblr-3021	538	26	64	64	NUM
cblr-3021	538	27	fed	feed	VERB
cblr-3021	538	28	.	.	PUNCT
cblr-3021	539	1	reg	reg	PROPN
cblr-3021	539	2	.	.	PUNCT
cblr-3021	540	1	11,090	11,090	NUM
cblr-3021	540	2	(	(	PUNCT
cblr-3021	540	3	mar	mar	PROPN
cblr-3021	540	4	.	.	PROPN
cblr-3021	540	5	8	8	NUM
cblr-3021	540	6	,	,	PUNCT
cblr-3021	540	7	1999	1999	NUM
cblr-3021	540	8	)	)	PUNCT
cblr-3021	540	9	(	(	PUNCT
cblr-3021	540	10	publishing	publish	VERB
cblr-3021	540	11	the	the	DET
cblr-3021	540	12	amendments	amendment	NOUN
cblr-3021	540	13	)	)	PUNCT
cblr-3021	540	14	.	.	PUNCT
cblr-3021	541	1	113	113	NUM
cblr-3021	541	2	the	the	DET
cblr-3021	541	3	undue	undue	ADJ
cblr-3021	541	4	burden	burden	NOUN
cblr-3021	541	5	of	of	ADP
cblr-3021	541	6	registered	register	VERB
cblr-3021	541	7	offerings	offering	NOUN
cblr-3021	541	8	on	on	ADP
cblr-3021	541	9	small	small	ADJ
cblr-3021	541	10	businesses	business	NOUN
cblr-3021	541	11	prompted	prompt	VERB
cblr-3021	541	12	the	the	DET
cblr-3021	541	13	development	development	NOUN
cblr-3021	541	14	and	and	CCONJ
cblr-3021	541	15	expansion	expansion	NOUN
cblr-3021	541	16	of	of	ADP
cblr-3021	541	17	the	the	DET
cblr-3021	541	18	exemption	exemption	NOUN
cblr-3021	541	19	,	,	PUNCT
cblr-3021	541	20	culminating	culminate	VERB
cblr-3021	541	21	in	in	ADP
cblr-3021	541	22	the	the	DET
cblr-3021	541	23	1992	1992	NUM
cblr-3021	541	24	reforms	reform	NOUN
cblr-3021	541	25	that	that	PRON
cblr-3021	541	26	made	make	VERB
cblr-3021	541	27	it	it	PRON
cblr-3021	541	28	virtually	virtually	ADV
cblr-3021	541	29	unconditional	unconditional	ADJ
cblr-3021	541	30	.	.	PUNCT
cblr-3021	542	1	see	see	VERB
cblr-3021	542	2	steven	steven	PROPN
cblr-3021	542	3	bradford	bradford	PROPN
cblr-3021	542	4	,	,	PUNCT
cblr-3021	542	5	securities	security	NOUN
cblr-3021	542	6	regulation	regulation	NOUN
cblr-3021	542	7	and	and	CCONJ
cblr-3021	542	8	small	small	ADJ
cblr-3021	542	9	business	business	NOUN
cblr-3021	542	10	:	:	PUNCT
cblr-3021	542	11	rule	rule	VERB
cblr-3021	542	12	504	504	NUM
cblr-3021	542	13	and	and	CCONJ
cblr-3021	542	14	the	the	DET
cblr-3021	542	15	case	case	NOUN
cblr-3021	542	16	for	for	ADP
cblr-3021	542	17	an	an	DET
cblr-3021	542	18	unconditional	unconditional	ADJ
cblr-3021	542	19	exemption	exemption	NOUN
cblr-3021	542	20	,	,	PUNCT
cblr-3021	542	21	5	5	NUM
cblr-3021	542	22	j.	j.	PROPN
cblr-3021	542	23	small	small	PROPN
cblr-3021	542	24	&	&	CCONJ
cblr-3021	542	25	emerging	emerge	VERB
cblr-3021	542	26	bus	bus	NOUN
cblr-3021	542	27	.	.	PUNCT
cblr-3021	543	1	l.	l.	PROPN
cblr-3021	543	2	1	1	NUM
cblr-3021	543	3	,	,	PUNCT
cblr-3021	543	4	4	4	NUM
cblr-3021	543	5	-	-	SYM
cblr-3021	543	6	5	5	NUM
cblr-3021	543	7	(	(	PUNCT
cblr-3021	543	8	2001	2001	NUM
cblr-3021	543	9	)	)	PUNCT
cblr-3021	543	10	.	.	PUNCT
cblr-3021	544	1	114	114	NUM
cblr-3021	544	2	see	see	VERB
cblr-3021	544	3	i	i	PRON
cblr-3021	544	4	d.	d.	PROPN
cblr-3021	544	5	at	at	ADP
cblr-3021	544	6	5	5	NUM
cblr-3021	544	7	.	.	SYM
cblr-3021	544	8	111	111	NUM
cblr-3021	544	9	see	see	NOUN
cblr-3021	544	10	revision	revision	NOUN
cblr-3021	544	11	of	of	ADP
cblr-3021	544	12	rule	rule	NOUN
cblr-3021	544	13	504	504	NUM
cblr-3021	544	14	of	of	ADP
cblr-3021	544	15	regulation	regulation	NOUN
cblr-3021	544	16	d	d	NOUN
cblr-3021	544	17	,	,	PUNCT
cblr-3021	544	18	the	the	DET
cblr-3021	544	19	"	"	PUNCT
cblr-3021	544	20	seed	seed	NOUN
cblr-3021	544	21	capital	capital	NOUN
cblr-3021	544	22	"	"	PUNCT
cblr-3021	544	23	exemption	exemption	NOUN
cblr-3021	544	24	,	,	PUNCT
cblr-3021	544	25	securities	security	NOUN
cblr-3021	544	26	act	act	NOUN
cblr-3021	544	27	release	release	VERB
cblr-3021	544	28	no	no	NOUN
cblr-3021	544	29	.	.	NOUN
cblr-3021	544	30	33	33	NUM
cblr-3021	544	31	-	-	SYM
cblr-3021	544	32	7644	7644	NUM
cblr-3021	544	33	,	,	PUNCT
cblr-3021	544	34	64	64	NUM
cblr-3021	544	35	fed	feed	VERB
cblr-3021	544	36	.	.	PUNCT
cblr-3021	545	1	reg	reg	PROPN
cblr-3021	545	2	.	.	PUNCT
cblr-3021	546	1	11,090	11,090	NUM
cblr-3021	546	2	(	(	PUNCT
cblr-3021	546	3	mar	mar	PROPN
cblr-3021	546	4	.	.	PROPN
cblr-3021	546	5	8	8	NUM
cblr-3021	546	6	,	,	PUNCT
cblr-3021	546	7	1999	1999	NUM
cblr-3021	546	8	)	)	PUNCT
cblr-3021	546	9	.	.	PUNCT
cblr-3021	547	1	116	116	NUM
cblr-3021	547	2	see	see	VERB
cblr-3021	547	3	john	john	PROPN
cblr-3021	547	4	berlau	berlau	PROPN
cblr-3021	547	5	,	,	PUNCT
cblr-3021	547	6	recession	recession	NOUN
cblr-3021	547	7	shock	shock	NOUN
cblr-3021	547	8	,	,	PUNCT
cblr-3021	547	9	insight	insight	NOUN
cblr-3021	547	10	on	on	ADP
cblr-3021	547	11	the	the	DET
cblr-3021	547	12	news	news	NOUN
cblr-3021	547	13	,	,	PUNCT
cblr-3021	547	14	dec	dec	PROPN
cblr-3021	547	15	.	.	PROPN
cblr-3021	547	16	31	31	NUM
cblr-3021	547	17	,	,	PUNCT
cblr-3021	547	18	2001	2001	NUM
cblr-3021	547	19	,	,	PUNCT
cblr-3021	547	20	at	at	ADP
cblr-3021	547	21	12	12	NUM
cblr-3021	547	22	.	.	PUNCT
cblr-3021	548	1	[	[	X
cblr-3021	548	2	vol	vol	NOUN
cblr-3021	548	3	.	.	PUNCT
cblr-3021	548	4	2004	2004	NUM
cblr-3021	548	5	venture	venture	NOUN
cblr-3021	548	6	capital	capital	NOUN
cblr-3021	548	7	formation	formation	NOUN
cblr-3021	548	8	and	and	CCONJ
cblr-3021	548	9	access	access	NOUN
cblr-3021	548	10	promote	promote	NOUN
cblr-3021	548	11	efficiency	efficiency	NOUN
cblr-3021	548	12	,	,	PUNCT
cblr-3021	548	13	competition	competition	NOUN
cblr-3021	548	14	,	,	PUNCT
cblr-3021	548	15	and	and	CCONJ
cblr-3021	548	16	capital	capital	NOUN
cblr-3021	548	17	formation	formation	NOUN
cblr-3021	548	18	"	"	PUNCT
cblr-3021	548	19	and	and	CCONJ
cblr-3021	548	20	be	be	AUX
cblr-3021	548	21	consistent	consistent	ADJ
cblr-3021	548	22	with	with	ADP
cblr-3021	548	23	the	the	DET
cblr-3021	548	24	nsmia	nsmia	NOUN
cblr-3021	548	25	's	's	PART
cblr-3021	548	26	requirements	requirement	NOUN
cblr-3021	548	27	.	.	PUNCT
cblr-3021	549	1	117	117	NUM
cblr-3021	549	2	the	the	DET
cblr-3021	549	3	sec	sec	PROPN
cblr-3021	549	4	implemented	implement	VERB
cblr-3021	549	5	these	these	DET
cblr-3021	549	6	amendments	amendment	NOUN
cblr-3021	549	7	despite	despite	SCONJ
cblr-3021	549	8	its	its	PRON
cblr-3021	549	9	own	own	ADJ
cblr-3021	549	10	admission	admission	NOUN
cblr-3021	549	11	that	that	SCONJ
cblr-3021	549	12	"	"	PUNCT
cblr-3021	549	13	we	we	PRON
cblr-3021	549	14	believe	believe	VERB
cblr-3021	549	15	that	that	SCONJ
cblr-3021	549	16	the	the	DET
cblr-3021	549	17	scope	scope	NOUN
cblr-3021	549	18	of	of	ADP
cblr-3021	549	19	abuse	abuse	NOUN
cblr-3021	549	20	is	be	AUX
cblr-3021	549	21	small	small	ADJ
cblr-3021	549	22	in	in	ADP
cblr-3021	549	23	relation	relation	NOUN
cblr-3021	549	24	to	to	ADP
cblr-3021	549	25	the	the	DET
cblr-3021	549	26	actual	actual	ADJ
cblr-3021	549	27	usage	usage	NOUN
cblr-3021	549	28	of	of	ADP
cblr-3021	549	29	the	the	DET
cblr-3021	549	30	exemption	exemption	NOUN
cblr-3021	549	31	.	.	PUNCT
cblr-3021	550	1	"'18	"'18	PROPN
cblr-3021	550	2	the	the	DET
cblr-3021	550	3	move	move	NOUN
cblr-3021	550	4	eventually	eventually	ADV
cblr-3021	550	5	prompted	prompt	VERB
cblr-3021	550	6	congressional	congressional	ADJ
cblr-3021	550	7	hearings	hearing	NOUN
cblr-3021	550	8	in	in	ADP
cblr-3021	550	9	2001	2001	NUM
cblr-3021	550	10	,	,	PUNCT
cblr-3021	550	11	as	as	SCONJ
cblr-3021	550	12	many	many	ADJ
cblr-3021	550	13	legislators	legislator	NOUN
cblr-3021	550	14	and	and	CCONJ
cblr-3021	550	15	business	business	NOUN
cblr-3021	550	16	leaders	leader	NOUN
cblr-3021	550	17	felt	feel	VERB
cblr-3021	550	18	that	that	SCONJ
cblr-3021	550	19	"	"	PUNCT
cblr-3021	550	20	by	by	ADP
cblr-3021	550	21	trying	try	VERB
cblr-3021	550	22	to	to	PART
cblr-3021	550	23	eliminate	eliminate	VERB
cblr-3021	550	24	the	the	DET
cblr-3021	550	25	fraud	fraud	NOUN
cblr-3021	550	26	of	of	ADP
cblr-3021	550	27	a	a	DET
cblr-3021	550	28	few	few	ADJ
cblr-3021	550	29	it	it	PRON
cblr-3021	551	1	[	[	X
cblr-3021	551	2	the	the	DET
cblr-3021	551	3	sec	sec	PROPN
cblr-3021	551	4	]	]	PUNCT
cblr-3021	551	5	threw	throw	VERB
cblr-3021	551	6	the	the	DET
cblr-3021	551	7	baby	baby	NOUN
cblr-3021	551	8	out	out	ADP
cblr-3021	551	9	with	with	ADP
cblr-3021	551	10	the	the	DET
cblr-3021	551	11	bath	bath	NOUN
cblr-3021	551	12	water	water	NOUN
cblr-3021	551	13	.	.	PUNCT
cblr-3021	552	1	"119	"119	PUNCT
cblr-3021	553	1	the	the	DET
cblr-3021	553	2	amendments	amendment	NOUN
cblr-3021	553	3	,	,	PUNCT
cblr-3021	553	4	however	however	ADV
cblr-3021	553	5	,	,	PUNCT
cblr-3021	553	6	currently	currently	ADV
cblr-3021	553	7	remain	remain	VERB
cblr-3021	553	8	in	in	ADP
cblr-3021	553	9	effect	effect	NOUN
cblr-3021	553	10	and	and	CCONJ
cblr-3021	553	11	,	,	PUNCT
cblr-3021	553	12	according	accord	VERB
cblr-3021	553	13	to	to	ADP
cblr-3021	553	14	the	the	DET
cblr-3021	553	15	general	general	ADJ
cblr-3021	553	16	office	office	NOUN
cblr-3021	553	17	of	of	ADP
cblr-3021	553	18	accounting	accounting	NOUN
cblr-3021	553	19	,	,	PUNCT
cblr-3021	553	20	the	the	DET
cblr-3021	553	21	estimated	estimate	VERB
cblr-3021	553	22	cost	cost	NOUN
cblr-3021	553	23	of	of	ADP
cblr-3021	553	24	compliance	compliance	NOUN
cblr-3021	553	25	for	for	ADP
cblr-3021	553	26	a	a	DET
cblr-3021	553	27	registered	register	VERB
cblr-3021	553	28	offering	offering	NOUN
cblr-3021	553	29	now	now	ADV
cblr-3021	553	30	totals	total	VERB
cblr-3021	553	31	$	$	SYM
cblr-3021	553	32	439,000	439,000	NUM
cblr-3021	553	33	in	in	ADP
cblr-3021	553	34	legal	legal	ADJ
cblr-3021	553	35	and	and	CCONJ
cblr-3021	553	36	accounting	accounting	NOUN
cblr-3021	553	37	fees	fee	NOUN
cblr-3021	553	38	-	-	PUNCT
cblr-3021	553	39	almost	almost	ADV
cblr-3021	553	40	half	half	DET
cblr-3021	553	41	the	the	DET
cblr-3021	553	42	$	$	SYM
cblr-3021	553	43	1	1	NUM
cblr-3021	553	44	million	million	NUM
cblr-3021	553	45	total	total	NOUN
cblr-3021	553	46	exempted	exempt	VERB
cblr-3021	553	47	under	under	ADP
cblr-3021	553	48	rule	rule	NOUN
cblr-3021	553	49	504.120	504.120	NUM
cblr-3021	553	50	c.	c.	PROPN
cblr-3021	553	51	public	public	ADJ
cblr-3021	553	52	venture	venture	NOUN
cblr-3021	553	53	funds	fund	NOUN
cblr-3021	553	54	and	and	CCONJ
cblr-3021	553	55	angel	angel	NOUN
cblr-3021	553	56	investors	investor	NOUN
cblr-3021	553	57	one	one	NUM
cblr-3021	553	58	innovation	innovation	NOUN
cblr-3021	553	59	has	have	AUX
cblr-3021	553	60	been	be	AUX
cblr-3021	553	61	the	the	DET
cblr-3021	553	62	creation	creation	NOUN
cblr-3021	553	63	of	of	ADP
cblr-3021	553	64	state	state	NOUN
cblr-3021	553	65	-	-	PUNCT
cblr-3021	553	66	run	run	VERB
cblr-3021	553	67	capital	capital	NOUN
cblr-3021	553	68	access	access	NOUN
cblr-3021	553	69	funds	fund	NOUN
cblr-3021	553	70	run	run	VERB
cblr-3021	553	71	by	by	ADP
cblr-3021	553	72	private	private	ADJ
cblr-3021	553	73	managers	manager	NOUN
cblr-3021	553	74	.	.	PUNCT
cblr-3021	553	75	'	'	PUNCT
cblr-3021	554	1	these	these	DET
cblr-3021	554	2	funds	fund	NOUN
cblr-3021	554	3	solicit	solicit	VERB
cblr-3021	554	4	117	117	NUM
cblr-3021	554	5	donald	donald	PROPN
cblr-3021	554	6	devine	devine	PROPN
cblr-3021	554	7	,	,	PUNCT
cblr-3021	554	8	sec	sec	PROPN
cblr-3021	554	9	sleuths	sleuth	NOUN
cblr-3021	554	10	beyond	beyond	ADP
cblr-3021	554	11	the	the	DET
cblr-3021	554	12	law	law	NOUN
cblr-3021	554	13	?	?	PUNCT
cblr-3021	554	14	,	,	PUNCT
cblr-3021	554	15	wash	wash	NOUN
cblr-3021	554	16	.	.	PUNCT
cblr-3021	555	1	times	times	PROPN
cblr-3021	555	2	,	,	PUNCT
cblr-3021	555	3	june	june	PROPN
cblr-3021	555	4	26	26	NUM
cblr-3021	555	5	,	,	PUNCT
cblr-3021	555	6	2001	2001	NUM
cblr-3021	555	7	,	,	PUNCT
cblr-3021	555	8	at	at	ADP
cblr-3021	555	9	a16	a16	PROPN
cblr-3021	555	10	.	.	PROPN
cblr-3021	555	11	11	11	NUM
cblr-3021	555	12	revision	revision	NOUN
cblr-3021	555	13	of	of	ADP
cblr-3021	555	14	rule	rule	NOUN
cblr-3021	555	15	504	504	NUM
cblr-3021	555	16	of	of	ADP
cblr-3021	555	17	regulation	regulation	NOUN
cblr-3021	555	18	d	d	NOUN
cblr-3021	555	19	,	,	PUNCT
cblr-3021	555	20	the	the	DET
cblr-3021	555	21	"	"	PUNCT
cblr-3021	555	22	seed	seed	NOUN
cblr-3021	555	23	capital	capital	NOUN
cblr-3021	555	24	"	"	PUNCT
cblr-3021	555	25	exemption	exemption	NOUN
cblr-3021	555	26	,	,	PUNCT
cblr-3021	555	27	securities	security	NOUN
cblr-3021	555	28	act	act	NOUN
cblr-3021	555	29	release	release	VERB
cblr-3021	555	30	no	no	NOUN
cblr-3021	555	31	.	.	NOUN
cblr-3021	555	32	33	33	NUM
cblr-3021	555	33	-	-	SYM
cblr-3021	555	34	7541	7541	NUM
cblr-3021	555	35	,	,	PUNCT
cblr-3021	555	36	63	63	NUM
cblr-3021	555	37	fed	feed	VERB
cblr-3021	555	38	.	.	PUNCT
cblr-3021	556	1	reg	reg	PROPN
cblr-3021	556	2	.	.	PROPN
cblr-3021	557	1	29,168	29,168	NUM
cblr-3021	557	2	(	(	PUNCT
cblr-3021	557	3	may	may	PROPN
cblr-3021	557	4	21	21	NUM
cblr-3021	557	5	,	,	PUNCT
cblr-3021	557	6	1998	1998	NUM
cblr-3021	557	7	)	)	PUNCT
cblr-3021	557	8	.	.	PUNCT
cblr-3021	558	1	19	19	NUM
cblr-3021	558	2	sec	sec	PROPN
cblr-3021	558	3	's	's	PART
cblr-3021	558	4	role	role	NOUN
cblr-3021	558	5	in	in	ADP
cblr-3021	558	6	capital	capital	NOUN
cblr-3021	558	7	formation	formation	NOUN
cblr-3021	558	8	:	:	PUNCT
cblr-3021	558	9	help	help	VERB
cblr-3021	558	10	or	or	CCONJ
cblr-3021	558	11	hindrance	hindrance	VERB
cblr-3021	558	12	?	?	PUNCT
cblr-3021	559	1	:	:	PUNCT
cblr-3021	559	2	congressional	congressional	ADJ
cblr-3021	559	3	testimony	testimony	NOUN
cblr-3021	559	4	before	before	ADP
cblr-3021	559	5	the	the	DET
cblr-3021	559	6	subcomm	subcomm	NOUN
cblr-3021	559	7	.	.	PUNCT
cblr-3021	560	1	on	on	ADP
cblr-3021	560	2	oversights	oversight	NOUN
cblr-3021	560	3	and	and	CCONJ
cblr-3021	560	4	investigations	investigation	NOUN
cblr-3021	560	5	,	,	PUNCT
cblr-3021	560	6	house	house	NOUN
cblr-3021	560	7	comm	comm	NOUN
cblr-3021	560	8	.	.	PUNCT
cblr-3021	561	1	on	on	ADP
cblr-3021	561	2	financial	financial	ADJ
cblr-3021	561	3	services	service	NOUN
cblr-3021	561	4	,	,	PUNCT
cblr-3021	561	5	107th	107th	ADJ
cblr-3021	561	6	cong	cong	NOUN
cblr-3021	561	7	.	.	PUNCT
cblr-3021	562	1	10	10	NUM
cblr-3021	562	2	(	(	PUNCT
cblr-3021	562	3	2001	2001	NUM
cblr-3021	562	4	)	)	PUNCT
cblr-3021	562	5	(	(	PUNCT
cblr-3021	562	6	prepared	prepare	VERB
cblr-3021	562	7	statement	statement	NOUN
cblr-3021	562	8	of	of	ADP
cblr-3021	562	9	james	james	PROPN
cblr-3021	562	10	steinkirchner	steinkirchner	PROPN
cblr-3021	562	11	,	,	PUNCT
cblr-3021	562	12	co	co	NOUN
cblr-3021	562	13	-	-	NOUN
cblr-3021	562	14	chairman	chairman	NOUN
cblr-3021	562	15	of	of	ADP
cblr-3021	562	16	the	the	DET
cblr-3021	562	17	national	national	ADJ
cblr-3021	562	18	small	small	ADJ
cblr-3021	562	19	public	public	ADJ
cblr-3021	562	20	company	company	NOUN
cblr-3021	562	21	leadership	leadership	NOUN
cblr-3021	562	22	council	council	PROPN
cblr-3021	562	23	)	)	PUNCT
cblr-3021	562	24	.	.	PUNCT
cblr-3021	563	1	120	120	NUM
cblr-3021	563	2	see	see	VERB
cblr-3021	563	3	berlau	berlau	NOUN
cblr-3021	563	4	,	,	PUNCT
cblr-3021	563	5	supra	supra	PROPN
cblr-3021	563	6	note	note	PROPN
cblr-3021	563	7	116	116	NUM
cblr-3021	563	8	;	;	PUNCT
cblr-3021	563	9	see	see	VERB
cblr-3021	563	10	also	also	ADV
cblr-3021	563	11	bradford	bradford	NOUN
cblr-3021	563	12	,	,	PUNCT
cblr-3021	563	13	supra	supra	PROPN
cblr-3021	563	14	note	note	PROPN
cblr-3021	563	15	113	113	NUM
cblr-3021	563	16	,	,	PUNCT
cblr-3021	563	17	at	at	ADP
cblr-3021	563	18	24	24	NUM
cblr-3021	563	19	-	-	SYM
cblr-3021	563	20	28	28	NUM
cblr-3021	563	21	(	(	PUNCT
cblr-3021	563	22	discussing	discuss	VERB
cblr-3021	563	23	the	the	DET
cblr-3021	563	24	significant	significant	ADJ
cblr-3021	563	25	costs	cost	NOUN
cblr-3021	563	26	of	of	ADP
cblr-3021	563	27	registration	registration	NOUN
cblr-3021	563	28	for	for	ADP
cblr-3021	563	29	small	small	ADJ
cblr-3021	563	30	offering	offering	NOUN
cblr-3021	563	31	amounts	amount	NOUN
cblr-3021	563	32	and	and	CCONJ
cblr-3021	563	33	estimating	estimate	VERB
cblr-3021	563	34	them	they	PRON
cblr-3021	563	35	at	at	ADP
cblr-3021	563	36	15	15	NUM
cblr-3021	563	37	-	-	SYM
cblr-3021	563	38	25	25	NUM
cblr-3021	563	39	%	%	NOUN
cblr-3021	563	40	of	of	ADP
cblr-3021	563	41	the	the	DET
cblr-3021	563	42	offering	offering	NOUN
cblr-3021	563	43	amount	amount	NOUN
cblr-3021	563	44	)	)	PUNCT
cblr-3021	563	45	.	.	PUNCT
cblr-3021	564	1	121	121	NUM
cblr-3021	564	2	california	california	PROPN
cblr-3021	564	3	and	and	CCONJ
cblr-3021	564	4	oklahoma	oklahoma	PROPN
cblr-3021	564	5	have	have	AUX
cblr-3021	564	6	introduced	introduce	VERB
cblr-3021	564	7	the	the	DET
cblr-3021	564	8	most	most	ADV
cblr-3021	564	9	notable	notable	ADJ
cblr-3021	564	10	of	of	ADP
cblr-3021	564	11	these	these	DET
cblr-3021	564	12	funds	fund	NOUN
cblr-3021	564	13	.	.	PUNCT
cblr-3021	565	1	see	see	VERB
cblr-3021	565	2	generally	generally	ADV
cblr-3021	565	3	sonya	sonya	PROPN
cblr-3021	565	4	colberg	colberg	PROPN
cblr-3021	565	5	,	,	PUNCT
cblr-3021	565	6	match	match	NOUN
cblr-3021	565	7	maker	maker	NOUN
cblr-3021	565	8	state	state	NOUN
cblr-3021	565	9	center	center	NOUN
cblr-3021	565	10	links	link	VERB
cblr-3021	565	11	investors	investor	NOUN
cblr-3021	565	12	,	,	PUNCT
cblr-3021	565	13	entrepreneurs	entrepreneur	NOUN
cblr-3021	565	14	,	,	PUNCT
cblr-3021	565	15	tulsa	tulsa	PROPN
cblr-3021	565	16	world	world	NOUN
cblr-3021	565	17	,	,	PUNCT
cblr-3021	565	18	oct	oct	PROPN
cblr-3021	565	19	.	.	PROPN
cblr-3021	565	20	16	16	NUM
cblr-3021	565	21	,	,	PUNCT
cblr-3021	565	22	1999	1999	NUM
cblr-3021	565	23	,	,	PUNCT
cblr-3021	565	24	available	available	ADJ
cblr-3021	565	25	at	at	ADP
cblr-3021	565	26	1999	1999	NUM
cblr-3021	565	27	wl	wl	NOUN
cblr-3021	565	28	5416750	5416750	NUM
cblr-3021	565	29	;	;	PUNCT
cblr-3021	565	30	see	see	VERB
cblr-3021	565	31	also	also	ADV
cblr-3021	565	32	a.b	a.b	PROPN
cblr-3021	565	33	.	.	PROPN
cblr-3021	565	34	482	482	NUM
cblr-3021	565	35	,	,	PUNCT
cblr-3021	565	36	1999	1999	NUM
cblr-3021	565	37	-	-	SYM
cblr-3021	565	38	2000	2000	NUM
cblr-3021	565	39	gen	gen	PROPN
cblr-3021	565	40	.	.	PROPN
cblr-3021	565	41	assem	assem	PROPN
cblr-3021	565	42	.	.	PROPN
cblr-3021	565	43	,	,	PUNCT
cblr-3021	566	1	reg	reg	PROPN
cblr-3021	566	2	.	.	PUNCT
cblr-3021	566	3	sess	sess	PROPN
cblr-3021	566	4	.	.	PUNCT
cblr-3021	567	1	(	(	PUNCT
cblr-3021	567	2	cal	cal	X
cblr-3021	567	3	.	.	PUNCT
cblr-3021	567	4	1999	1999	NUM
cblr-3021	567	5	)	)	PUNCT
cblr-3021	567	6	(	(	PUNCT
cblr-3021	567	7	proposing	propose	VERB
cblr-3021	567	8	the	the	DET
cblr-3021	567	9	program	program	NOUN
cblr-3021	567	10	in	in	ADP
cblr-3021	567	11	california	california	PROPN
cblr-3021	567	12	)	)	PUNCT
cblr-3021	567	13	.	.	PUNCT
cblr-3021	568	1	despite	despite	SCONJ
cblr-3021	568	2	the	the	DET
cblr-3021	568	3	fanfare	fanfare	NOUN
cblr-3021	568	4	,	,	PUNCT
cblr-3021	568	5	the	the	DET
cblr-3021	568	6	oklahoma	oklahoma	PROPN
cblr-3021	568	7	program	program	NOUN
cblr-3021	568	8	has	have	AUX
cblr-3021	568	9	done	do	VERB
cblr-3021	568	10	little	little	ADJ
cblr-3021	568	11	to	to	PART
cblr-3021	568	12	match	match	VERB
cblr-3021	568	13	capital	capital	NOUN
cblr-3021	568	14	-	-	PUNCT
cblr-3021	568	15	its	its	PRON
cblr-3021	568	16	role	role	NOUN
cblr-3021	568	17	has	have	AUX
cblr-3021	568	18	been	be	AUX
cblr-3021	568	19	almost	almost	ADV
cblr-3021	568	20	entirely	entirely	ADV
cblr-3021	568	21	advisory	advisory	ADJ
cblr-3021	568	22	.	.	PUNCT
cblr-3021	569	1	see	see	VERB
cblr-3021	569	2	oklahoma	oklahoma	PROPN
cblr-3021	569	3	tech	tech	PROPN
cblr-3021	569	4	.	.	PUNCT
cblr-3021	570	1	commercialization	commercialization	PROPN
cblr-3021	570	2	ctr	ctr	PROPN
cblr-3021	570	3	.	.	PROPN
cblr-3021	570	4	,	,	PUNCT
cblr-3021	570	5	program	program	NOUN
cblr-3021	570	6	accomplishments	accomplishment	NOUN
cblr-3021	570	7	,	,	PUNCT
cblr-3021	570	8	at	at	ADP
cblr-3021	570	9	http://www.otcc.org	http://www.otcc.org	PROPN
cblr-3021	570	10	(	(	PUNCT
cblr-3021	570	11	last	last	ADV
cblr-3021	570	12	visited	visit	VERB
cblr-3021	570	13	jan	jan	PROPN
cblr-3021	570	14	.	.	PROPN
cblr-3021	570	15	15	15	NUM
cblr-3021	570	16	,	,	PUNCT
cblr-3021	570	17	2000	2000	NUM
cblr-3021	570	18	)	)	PUNCT
cblr-3021	570	19	.	.	PUNCT
cblr-3021	571	1	no	no	INTJ
cblr-3021	571	2	.	.	PUNCT
cblr-3021	572	1	1:77	1:77	NUM
cblr-3021	572	2	]	]	X
cblr-3021	572	3	private	private	ADJ
cblr-3021	572	4	investments	investment	NOUN
cblr-3021	572	5	and	and	CCONJ
cblr-3021	572	6	offer	offer	VERB
cblr-3021	572	7	tax	tax	NOUN
cblr-3021	572	8	credits	credit	NOUN
cblr-3021	572	9	if	if	SCONJ
cblr-3021	572	10	the	the	DET
cblr-3021	572	11	fund	fund	NOUN
cblr-3021	572	12	fails	fail	VERB
cblr-3021	572	13	to	to	PART
cblr-3021	572	14	achieve	achieve	VERB
cblr-3021	572	15	a	a	DET
cblr-3021	572	16	certain	certain	ADJ
cblr-3021	572	17	rate	rate	NOUN
cblr-3021	572	18	of	of	ADP
cblr-3021	572	19	return	return	NOUN
cblr-3021	572	20	.	.	PUNCT
cblr-3021	573	1	these	these	DET
cblr-3021	573	2	funds	fund	NOUN
cblr-3021	573	3	,	,	PUNCT
cblr-3021	573	4	however	however	ADV
cblr-3021	573	5	,	,	PUNCT
cblr-3021	573	6	remain	remain	VERB
cblr-3021	573	7	subject	subject	ADJ
cblr-3021	573	8	to	to	ADP
cblr-3021	573	9	the	the	DET
cblr-3021	573	10	"	"	PUNCT
cblr-3021	573	11	accredited	accredited	ADJ
cblr-3021	573	12	investor	investor	NOUN
cblr-3021	573	13	"	"	PUNCT
cblr-3021	573	14	criteria	criterion	NOUN
cblr-3021	573	15	of	of	ADP
cblr-3021	573	16	$	$	SYM
cblr-3021	573	17	200,000	200,000	NUM
cblr-3021	573	18	annual	annual	ADJ
cblr-3021	573	19	income	income	NOUN
cblr-3021	573	20	(	(	PUNCT
cblr-3021	573	21	$	$	SYM
cblr-3021	573	22	300,000	300,000	NUM
cblr-3021	573	23	if	if	SCONJ
cblr-3021	573	24	married	marry	VERB
cblr-3021	573	25	)	)	PUNCT
cblr-3021	573	26	and	and	CCONJ
cblr-3021	573	27	$	$	SYM
cblr-3021	573	28	1	1	NUM
cblr-3021	573	29	million	million	NUM
cblr-3021	573	30	net	net	ADJ
cblr-3021	573	31	worth.123	worth.123	NOUN
cblr-3021	573	32	for	for	ADP
cblr-3021	573	33	"	"	PUNCT
cblr-3021	573	34	angel	angel	NOUN
cblr-3021	573	35	"	"	PUNCT
cblr-3021	573	36	investors	investor	NOUN
cblr-3021	573	37	with	with	ADP
cblr-3021	573	38	the	the	DET
cblr-3021	573	39	wealth	wealth	NOUN
cblr-3021	573	40	to	to	PART
cblr-3021	573	41	qualify	qualify	VERB
cblr-3021	573	42	,	,	PUNCT
cblr-3021	573	43	but	but	CCONJ
cblr-3021	573	44	who	who	PRON
cblr-3021	573	45	lack	lack	VERB
cblr-3021	573	46	the	the	DET
cblr-3021	573	47	desire	desire	NOUN
cblr-3021	573	48	to	to	PART
cblr-3021	573	49	organize	organize	VERB
cblr-3021	573	50	a	a	DET
cblr-3021	573	51	venture	venture	NOUN
cblr-3021	573	52	fund	fund	NOUN
cblr-3021	573	53	,	,	PUNCT
cblr-3021	573	54	such	such	ADJ
cblr-3021	573	55	programs	program	NOUN
cblr-3021	573	56	provide	provide	VERB
cblr-3021	573	57	a	a	DET
cblr-3021	573	58	lower	low	ADJ
cblr-3021	573	59	risk	risk	NOUN
cblr-3021	573	60	vehicle	vehicle	NOUN
cblr-3021	573	61	to	to	PART
cblr-3021	573	62	help	help	VERB
cblr-3021	573	63	fledgling	fledgling	NOUN
cblr-3021	573	64	businesses	business	NOUN
cblr-3021	573	65	that	that	PRON
cblr-3021	573	66	might	might	AUX
cblr-3021	573	67	not	not	PART
cblr-3021	573	68	receive	receive	VERB
cblr-3021	573	69	the	the	DET
cblr-3021	573	70	attention	attention	NOUN
cblr-3021	573	71	of	of	ADP
cblr-3021	573	72	traditional	traditional	ADJ
cblr-3021	573	73	venture	venture	NOUN
cblr-3021	573	74	capitalists	capitalist	NOUN
cblr-3021	573	75	.	.	PUNCT
cblr-3021	574	1	on	on	ADP
cblr-3021	574	2	the	the	DET
cblr-3021	574	3	other	other	ADJ
cblr-3021	574	4	hand	hand	NOUN
cblr-3021	574	5	,	,	PUNCT
cblr-3021	574	6	potential	potential	ADJ
cblr-3021	574	7	investors	investor	NOUN
cblr-3021	574	8	might	might	AUX
cblr-3021	574	9	not	not	PART
cblr-3021	574	10	participate	participate	VERB
cblr-3021	574	11	because	because	SCONJ
cblr-3021	574	12	of	of	ADP
cblr-3021	574	13	not	not	PART
cblr-3021	574	14	only	only	ADV
cblr-3021	574	15	the	the	DET
cblr-3021	574	16	accreditation	accreditation	NOUN
cblr-3021	574	17	criteria	criterion	NOUN
cblr-3021	574	18	but	but	CCONJ
cblr-3021	574	19	also	also	ADV
cblr-3021	574	20	concerns	concern	VERB
cblr-3021	574	21	that	that	SCONJ
cblr-3021	574	22	the	the	DET
cblr-3021	574	23	quality	quality	NOUN
cblr-3021	574	24	of	of	ADP
cblr-3021	574	25	the	the	DET
cblr-3021	574	26	management	management	NOUN
cblr-3021	574	27	and	and	CCONJ
cblr-3021	574	28	portfolio	portfolio	NOUN
cblr-3021	574	29	companies	company	NOUN
cblr-3021	574	30	may	may	AUX
cblr-3021	574	31	be	be	AUX
cblr-3021	574	32	inferior	inferior	ADJ
cblr-3021	574	33	to	to	ADP
cblr-3021	574	34	those	those	PRON
cblr-3021	574	35	backed	back	VERB
cblr-3021	574	36	by	by	ADP
cblr-3021	574	37	traditional	traditional	ADJ
cblr-3021	574	38	venture	venture	NOUN
cblr-3021	574	39	capitalists	capitalist	NOUN
cblr-3021	574	40	.	.	PUNCT
cblr-3021	575	1	124	124	NUM
cblr-3021	575	2	in	in	ADP
cblr-3021	575	3	fact	fact	NOUN
cblr-3021	575	4	,	,	PUNCT
cblr-3021	575	5	many	many	ADJ
cblr-3021	575	6	of	of	ADP
cblr-3021	575	7	these	these	DET
cblr-3021	575	8	funds	fund	NOUN
cblr-3021	575	9	failed	fail	VERB
cblr-3021	575	10	during	during	ADP
cblr-3021	575	11	the	the	DET
cblr-3021	575	12	1980s	1980	NOUN
cblr-3021	575	13	for	for	ADP
cblr-3021	575	14	this	this	DET
cblr-3021	575	15	reason	reason	NOUN
cblr-3021	575	16	and	and	CCONJ
cblr-3021	575	17	out	out	ADP
cblr-3021	575	18	of	of	ADP
cblr-3021	575	19	concerns	concern	NOUN
cblr-3021	575	20	over	over	ADP
cblr-3021	575	21	political	political	ADJ
cblr-3021	575	22	considerations	consideration	NOUN
cblr-3021	575	23	influencing	influence	VERB
cblr-3021	575	24	investment	investment	NOUN
cblr-3021	575	25	decisions	decision	NOUN
cblr-3021	575	26	.	.	PUNCT
cblr-3021	576	1	125	125	NUM
cblr-3021	576	2	finally	finally	ADV
cblr-3021	576	3	,	,	PUNCT
cblr-3021	576	4	such	such	ADJ
cblr-3021	576	5	funds	fund	NOUN
cblr-3021	576	6	constitute	constitute	VERB
cblr-3021	576	7	a	a	DET
cblr-3021	576	8	relatively	relatively	ADV
cblr-3021	576	9	insignificant	insignificant	ADJ
cblr-3021	576	10	legislative	legislative	ADJ
cblr-3021	576	11	remedy	remedy	NOUN
cblr-3021	576	12	because	because	SCONJ
cblr-3021	576	13	federal	federal	ADJ
cblr-3021	576	14	securities	security	NOUN
cblr-3021	576	15	regulation	regulation	NOUN
cblr-3021	576	16	still	still	ADV
cblr-3021	576	17	oversees	oversee	VERB
cblr-3021	576	18	them	they	PRON
cblr-3021	576	19	and	and	CCONJ
cblr-3021	576	20	therefore	therefore	ADV
cblr-3021	576	21	limits	limit	VERB
cblr-3021	576	22	public	public	ADJ
cblr-3021	576	23	participation	participation	NOUN
cblr-3021	576	24	to	to	ADP
cblr-3021	576	25	wealthy	wealthy	ADJ
cblr-3021	576	26	individuals	individual	NOUN
cblr-3021	576	27	.	.	PUNCT
cblr-3021	577	1	as	as	SCONJ
cblr-3021	577	2	the	the	DET
cblr-3021	577	3	discussion	discussion	NOUN
cblr-3021	577	4	of	of	ADP
cblr-3021	577	5	sbics	sbic	NOUN
cblr-3021	577	6	in	in	ADP
cblr-3021	577	7	the	the	DET
cblr-3021	577	8	section	section	NOUN
cblr-3021	577	9	will	will	AUX
cblr-3021	577	10	also	also	ADV
cblr-3021	577	11	reveal	reveal	VERB
cblr-3021	577	12	,	,	PUNCT
cblr-3021	577	13	government	government	NOUN
cblr-3021	577	14	-	-	PUNCT
cblr-3021	577	15	run	run	VERB
cblr-3021	577	16	venture	venture	NOUN
cblr-3021	577	17	programs	program	NOUN
cblr-3021	577	18	have	have	AUX
cblr-3021	577	19	not	not	PART
cblr-3021	577	20	achieved	achieve	VERB
cblr-3021	577	21	much	much	ADJ
cblr-3021	577	22	success	success	NOUN
cblr-3021	577	23	.	.	PUNCT
cblr-3021	578	1	d.	d.	PROPN
cblr-3021	578	2	sbic	sbic	PROPN
cblr-3021	578	3	reform	reform	NOUN
cblr-3021	578	4	because	because	SCONJ
cblr-3021	578	5	of	of	ADP
cblr-3021	578	6	the	the	DET
cblr-3021	578	7	legislative	legislative	ADJ
cblr-3021	578	8	attention	attention	NOUN
cblr-3021	578	9	it	it	PRON
cblr-3021	578	10	has	have	AUX
cblr-3021	578	11	received	receive	VERB
cblr-3021	578	12	,	,	PUNCT
cblr-3021	578	13	the	the	DET
cblr-3021	578	14	sbic	sbic	ADJ
cblr-3021	578	15	program	program	NOUN
cblr-3021	578	16	,	,	PUNCT
cblr-3021	578	17	which	which	PRON
cblr-3021	578	18	was	be	AUX
cblr-3021	578	19	on	on	ADP
cblr-3021	578	20	the	the	DET
cblr-3021	578	21	verge	verge	NOUN
cblr-3021	578	22	of	of	ADP
cblr-3021	578	23	being	be	AUX
cblr-3021	578	24	shut	shut	VERB
cblr-3021	578	25	down	down	ADP
cblr-3021	578	26	by	by	ADP
cblr-3021	578	27	president	president	PROPN
cblr-3021	578	28	reagan	reagan	PROPN
cblr-3021	578	29	and	and	CCONJ
cblr-3021	578	30	congress	congress	PROPN
cblr-3021	578	31	in	in	ADP
cblr-3021	578	32	the	the	DET
cblr-3021	578	33	mid-1980s	mid-1980	NOUN
cblr-3021	578	34	,	,	PUNCT
cblr-3021	578	35	now	now	ADV
cblr-3021	578	36	shows	show	VERB
cblr-3021	578	37	promise	promise	NOUN
cblr-3021	578	38	in	in	ADP
cblr-3021	578	39	providing	provide	VERB
cblr-3021	578	40	fledgling	fledgling	NOUN
cblr-3021	578	41	businesses	business	NOUN
cblr-3021	578	42	with	with	ADP
cblr-3021	578	43	smaller	small	ADJ
cblr-3021	578	44	"	"	PUNCT
cblr-3021	578	45	2	2	NUM
cblr-3021	578	46	see	see	NOUN
cblr-3021	578	47	colberg	colberg	NOUN
cblr-3021	578	48	,	,	PUNCT
cblr-3021	578	49	supra	supra	PROPN
cblr-3021	578	50	note	note	NOUN
cblr-3021	578	51	121	121	NUM
cblr-3021	578	52	.	.	PUNCT
cblr-3021	579	1	123	123	NUM
cblr-3021	579	2	see	see	VERB
cblr-3021	579	3	i	i	PRON
cblr-3021	579	4	d.	d.	PROPN
cblr-3021	579	5	124	124	NUM
cblr-3021	579	6	see	see	VERB
cblr-3021	579	7	i	i	PRON
cblr-3021	579	8	d.	d.	PROPN
cblr-3021	579	9	121	121	NUM
cblr-3021	579	10	see	see	VERB
cblr-3021	579	11	beltz	beltz	NOUN
cblr-3021	579	12	,	,	PUNCT
cblr-3021	579	13	supra	supra	PROPN
cblr-3021	579	14	note	note	NOUN
cblr-3021	579	15	4	4	NUM
cblr-3021	579	16	,	,	PUNCT
cblr-3021	579	17	at	at	ADP
cblr-3021	579	18	56	56	NUM
cblr-3021	579	19	-	-	SYM
cblr-3021	579	20	57	57	NUM
cblr-3021	579	21	;	;	PUNCT
cblr-3021	579	22	see	see	VERB
cblr-3021	579	23	also	also	ADV
cblr-3021	579	24	rural	rural	ADJ
cblr-3021	579	25	policy	policy	NOUN
cblr-3021	579	26	research	research	NOUN
cblr-3021	579	27	institute	institute	NOUN
cblr-3021	579	28	,	,	PUNCT
cblr-3021	579	29	public	public	ADJ
cblr-3021	579	30	involvement	involvement	NOUN
cblr-3021	579	31	in	in	ADP
cblr-3021	579	32	venture	venture	NOUN
cblr-3021	579	33	funds	fund	NOUN
cblr-3021	579	34	:	:	PUNCT
cblr-3021	579	35	lessons	lesson	NOUN
cblr-3021	579	36	from	from	ADP
cblr-3021	579	37	three	three	NUM
cblr-3021	579	38	program	program	NOUN
cblr-3021	579	39	alternatives	alternative	NOUN
cblr-3021	579	40	(	(	PUNCT
cblr-3021	579	41	nov	nov	PROPN
cblr-3021	579	42	.	.	PROPN
cblr-3021	579	43	1999	1999	NUM
cblr-3021	579	44	)	)	PUNCT
cblr-3021	579	45	(	(	PUNCT
cblr-3021	579	46	discussing	discuss	VERB
cblr-3021	579	47	the	the	DET
cblr-3021	579	48	disadvantages	disadvantage	NOUN
cblr-3021	579	49	facing	face	VERB
cblr-3021	579	50	public	public	ADJ
cblr-3021	579	51	venture	venture	NOUN
cblr-3021	579	52	funds	fund	NOUN
cblr-3021	579	53	,	,	PUNCT
cblr-3021	579	54	particularly	particularly	ADV
cblr-3021	579	55	political	political	ADJ
cblr-3021	579	56	influence	influence	NOUN
cblr-3021	579	57	,	,	PUNCT
cblr-3021	579	58	or	or	CCONJ
cblr-3021	579	59	the	the	DET
cblr-3021	579	60	perception	perception	NOUN
cblr-3021	579	61	of	of	ADP
cblr-3021	579	62	it	it	PRON
cblr-3021	579	63	,	,	PUNCT
cblr-3021	579	64	interfering	interfere	VERB
cblr-3021	579	65	with	with	ADP
cblr-3021	579	66	investment	investment	NOUN
cblr-3021	579	67	and	and	CCONJ
cblr-3021	579	68	management	management	NOUN
cblr-3021	579	69	decisions	decision	NOUN
cblr-3021	579	70	)	)	PUNCT
cblr-3021	579	71	.	.	PUNCT
cblr-3021	580	1	[	[	X
cblr-3021	580	2	vol	vol	NOUN
cblr-3021	580	3	.	.	PUNCT
cblr-3021	581	1	2004columbia	2004columbia	NUM
cblr-3021	581	2	business	business	NOUN
cblr-3021	581	3	la	la	PROPN
cblr-3021	581	4	w	w	PROPN
cblr-3021	581	5	review	review	PROPN
cblr-3021	581	6	venture	venture	NOUN
cblr-3021	581	7	capital	capital	NOUN
cblr-3021	581	8	formation	formation	NOUN
cblr-3021	581	9	and	and	CCONJ
cblr-3021	581	10	access	access	NOUN
cblr-3021	581	11	size	size	NOUN
cblr-3021	581	12	venture	venture	NOUN
cblr-3021	581	13	capital	capital	NOUN
cblr-3021	581	14	investments.126	investments.126	NOUN
cblr-3021	581	15	in	in	ADP
cblr-3021	581	16	1992	1992	NUM
cblr-3021	581	17	,	,	PUNCT
cblr-3021	581	18	congress	congress	PROPN
cblr-3021	581	19	,	,	PUNCT
cblr-3021	581	20	for	for	ADP
cblr-3021	581	21	the	the	DET
cblr-3021	581	22	third	third	ADJ
cblr-3021	581	23	time	time	NOUN
cblr-3021	581	24	,	,	PUNCT
cblr-3021	581	25	reformed	reform	VERB
cblr-3021	581	26	the	the	DET
cblr-3021	581	27	sbic	sbic	ADJ
cblr-3021	581	28	program	program	NOUN
cblr-3021	581	29	,	,	PUNCT
cblr-3021	581	30	which	which	PRON
cblr-3021	581	31	generated	generate	VERB
cblr-3021	581	32	over	over	ADP
cblr-3021	581	33	$	$	SYM
cblr-3021	581	34	600	600	NUM
cblr-3021	581	35	million	million	NUM
cblr-3021	581	36	in	in	ADP
cblr-3021	581	37	losses	loss	NOUN
cblr-3021	581	38	during	during	ADP
cblr-3021	581	39	the	the	DET
cblr-3021	581	40	late	late	ADJ
cblr-3021	581	41	1980s.127	1980s.127	NUM
cblr-3021	581	42	as	as	ADP
cblr-3021	581	43	a	a	DET
cblr-3021	581	44	result	result	NOUN
cblr-3021	581	45	,	,	PUNCT
cblr-3021	581	46	sbic	sbic	ADJ
cblr-3021	581	47	investments	investment	NOUN
cblr-3021	581	48	finally	finally	ADV
cblr-3021	581	49	returned	return	VERB
cblr-3021	581	50	to	to	ADP
cblr-3021	581	51	the	the	DET
cblr-3021	581	52	level	level	NOUN
cblr-3021	581	53	of	of	ADP
cblr-3021	581	54	its	its	PRON
cblr-3021	581	55	1964	1964	NUM
cblr-3021	581	56	peak	peak	NOUN
cblr-3021	581	57	in	in	ADP
cblr-3021	581	58	1995	1995	NUM
cblr-3021	581	59	(	(	PUNCT
cblr-3021	581	60	in	in	ADP
cblr-3021	581	61	inflation	inflation	NOUN
cblr-3021	581	62	-	-	PUNCT
cblr-3021	581	63	adjusted	adjust	VERB
cblr-3021	581	64	dollars).128	dollars).128	NOUN
cblr-3021	581	65	most	most	ADV
cblr-3021	581	66	recently	recently	ADV
cblr-3021	581	67	,	,	PUNCT
cblr-3021	581	68	congress	congress	PROPN
cblr-3021	581	69	sought	seek	VERB
cblr-3021	581	70	to	to	PART
cblr-3021	581	71	improve	improve	VERB
cblr-3021	581	72	the	the	DET
cblr-3021	581	73	functionality	functionality	NOUN
cblr-3021	581	74	of	of	ADP
cblr-3021	581	75	the	the	DET
cblr-3021	581	76	sbic	sbic	ADJ
cblr-3021	581	77	program	program	NOUN
cblr-3021	581	78	with	with	ADP
cblr-3021	581	79	the	the	DET
cblr-3021	581	80	sbic	sbic	ADJ
cblr-3021	581	81	technical	technical	ADJ
cblr-3021	581	82	corrections	correction	NOUN
cblr-3021	581	83	act	act	NOUN
cblr-3021	581	84	of	of	ADP
cblr-3021	581	85	1999	1999	NUM
cblr-3021	581	86	.	.	PUNCT
cblr-3021	582	1	with	with	ADP
cblr-3021	582	2	the	the	DET
cblr-3021	582	3	objective	objective	NOUN
cblr-3021	582	4	of	of	ADP
cblr-3021	582	5	making	make	VERB
cblr-3021	582	6	the	the	DET
cblr-3021	582	7	sbics	sbic	NOUN
cblr-3021	582	8	"	"	PUNCT
cblr-3021	582	9	more	more	ADV
cblr-3021	582	10	efficient	efficient	ADJ
cblr-3021	582	11	and	and	CCONJ
cblr-3021	582	12	responsive	responsive	ADJ
cblr-3021	582	13	to	to	ADP
cblr-3021	582	14	the	the	DET
cblr-3021	582	15	needs	need	NOUN
cblr-3021	582	16	of	of	ADP
cblr-3021	582	17	small	small	ADJ
cblr-3021	582	18	entrepreneurs	entrepreneur	NOUN
cblr-3021	582	19	,	,	PUNCT
cblr-3021	582	20	"	"	PUNCT
cblr-3021	582	21	29	29	NUM
cblr-3021	582	22	the	the	DET
cblr-3021	582	23	legislation	legislation	NOUN
cblr-3021	582	24	's	's	PART
cblr-3021	582	25	co	co	NOUN
cblr-3021	582	26	-	-	NOUN
cblr-3021	582	27	sponsors	sponsor	NOUN
cblr-3021	582	28	introduced	introduce	VERB
cblr-3021	582	29	five	five	NUM
cblr-3021	582	30	corrections	correction	NOUN
cblr-3021	582	31	to	to	ADP
cblr-3021	582	32	the	the	DET
cblr-3021	582	33	program.130	program.130	NOUN
cblr-3021	582	34	the	the	DET
cblr-3021	582	35	act	act	NOUN
cblr-3021	582	36	altered	alter	VERB
cblr-3021	582	37	the	the	DET
cblr-3021	582	38	interest	interest	NOUN
cblr-3021	582	39	rate	rate	NOUN
cblr-3021	582	40	the	the	DET
cblr-3021	582	41	sba	sba	PROPN
cblr-3021	582	42	charges	charge	NOUN
cblr-3021	582	43	sbics	sbic	NOUN
cblr-3021	582	44	,	,	PUNCT
cblr-3021	582	45	increased	increase	VERB
cblr-3021	582	46	funding	funding	NOUN
cblr-3021	582	47	for	for	ADP
cblr-3021	582	48	the	the	DET
cblr-3021	582	49	program	program	NOUN
cblr-3021	582	50	by	by	ADP
cblr-3021	582	51	several	several	ADJ
cblr-3021	582	52	126	126	NUM
cblr-3021	582	53	the	the	DET
cblr-3021	582	54	average	average	ADJ
cblr-3021	582	55	investment	investment	NOUN
cblr-3021	582	56	size	size	NOUN
cblr-3021	582	57	for	for	ADP
cblr-3021	582	58	sbics	sbic	NOUN
cblr-3021	582	59	is	be	AUX
cblr-3021	582	60	much	much	ADV
cblr-3021	582	61	smaller	small	ADJ
cblr-3021	582	62	than	than	ADP
cblr-3021	582	63	of	of	ADP
cblr-3021	582	64	traditional	traditional	ADJ
cblr-3021	582	65	venture	venture	NOUN
cblr-3021	582	66	capital	capital	NOUN
cblr-3021	582	67	firms-$1.3	firms-$1.3	PROPN
cblr-3021	582	68	million	million	NUM
cblr-3021	582	69	versus	versus	ADP
cblr-3021	582	70	$	$	SYM
cblr-3021	582	71	8.9	8.9	NUM
cblr-3021	582	72	million	million	NUM
cblr-3021	582	73	.	.	PUNCT
cblr-3021	583	1	see	see	VERB
cblr-3021	583	2	summary	summary	NOUN
cblr-3021	583	3	of	of	ADP
cblr-3021	583	4	sbic	sbic	ADJ
cblr-3021	583	5	program	program	NOUN
cblr-3021	583	6	financing	financing	NOUN
cblr-3021	583	7	,	,	PUNCT
cblr-3021	583	8	at	at	ADP
cblr-3021	583	9	http://www.sba.gov/inv/tables/	http://www.sba.gov/inv/tables/	NOUN
cblr-3021	583	10	1999	1999	NUM
cblr-3021	583	11	/	/	SYM
cblr-3021	583	12	stats	stat	NOUN
cblr-3021	583	13	/	/	SYM
cblr-3021	583	14	sbicfyl.pdf	sbicfyl.pdf	NOUN
cblr-3021	583	15	(	(	PUNCT
cblr-3021	583	16	last	last	ADV
cblr-3021	583	17	visited	visit	VERB
cblr-3021	583	18	mar	mar	PROPN
cblr-3021	583	19	.	.	PROPN
cblr-3021	583	20	14	14	NUM
cblr-3021	583	21	,	,	PUNCT
cblr-3021	583	22	2000	2000	NUM
cblr-3021	583	23	)	)	PUNCT
cblr-3021	583	24	(	(	PUNCT
cblr-3021	583	25	presenting	present	VERB
cblr-3021	583	26	sbic	sbic	ADJ
cblr-3021	583	27	average	average	ADJ
cblr-3021	583	28	investment	investment	NOUN
cblr-3021	583	29	levels	level	NOUN
cblr-3021	583	30	)	)	PUNCT
cblr-3021	583	31	)	)	PUNCT
cblr-3021	583	32	;	;	PUNCT
cblr-3021	583	33	see	see	VERB
cblr-3021	583	34	also	also	ADV
cblr-3021	583	35	pricewaterhousecoopers	pricewaterhousecooper	NOUN
cblr-3021	583	36	et	et	PROPN
cblr-3021	583	37	al	al	PROPN
cblr-3021	583	38	.	.	PROPN
cblr-3021	583	39	,	,	PUNCT
cblr-3021	583	40	moneytree	moneytree	PROPN
cblr-3021	583	41	survey	survey	NOUN
cblr-3021	583	42	,	,	PUNCT
cblr-3021	583	43	at	at	ADP
cblr-3021	583	44	http://www.pwcmoneytree.com/highlights.asp	http://www.pwcmoneytree.com/highlights.asp	PROPN
cblr-3021	583	45	(	(	PUNCT
cblr-3021	583	46	last	last	ADV
cblr-3021	583	47	visited	visit	VERB
cblr-3021	583	48	mar	mar	PROPN
cblr-3021	583	49	.	.	PROPN
cblr-3021	583	50	13	13	NUM
cblr-3021	583	51	,	,	PUNCT
cblr-3021	583	52	2000	2000	NUM
cblr-3021	583	53	)	)	PUNCT
cblr-3021	583	54	(	(	PUNCT
cblr-3021	583	55	presenting	present	VERB
cblr-3021	583	56	traditional	traditional	ADJ
cblr-3021	583	57	venture	venture	NOUN
cblr-3021	583	58	capital	capital	NOUN
cblr-3021	583	59	firm	firm	NOUN
cblr-3021	583	60	average	average	ADJ
cblr-3021	583	61	investment	investment	NOUN
cblr-3021	583	62	levels	level	NOUN
cblr-3021	583	63	)	)	PUNCT
cblr-3021	583	64	.	.	PUNCT
cblr-3021	584	1	127	127	NUM
cblr-3021	584	2	see	see	VERB
cblr-3021	584	3	generally	generally	ADV
cblr-3021	584	4	small	small	ADJ
cblr-3021	584	5	business	business	NOUN
cblr-3021	584	6	equity	equity	NOUN
cblr-3021	584	7	enhancement	enhancement	PROPN
cblr-3021	584	8	act	act	NOUN
cblr-3021	584	9	of	of	ADP
cblr-3021	584	10	1992	1992	NUM
cblr-3021	584	11	,	,	PUNCT
cblr-3021	584	12	15	15	NUM
cblr-3021	584	13	u.s.c	u.s.c	NOUN
cblr-3021	584	14	.	.	PUNCT
cblr-3021	585	1	§	§	NOUN
cblr-3021	585	2	661	661	NUM
cblr-3021	585	3	(	(	PUNCT
cblr-3021	585	4	2000	2000	NUM
cblr-3021	585	5	)	)	PUNCT
cblr-3021	585	6	;	;	PUNCT
cblr-3021	585	7	see	see	VERB
cblr-3021	585	8	also	also	ADV
cblr-3021	585	9	beltz	beltz	VERB
cblr-3021	585	10	,	,	PUNCT
cblr-3021	585	11	supra	supra	PROPN
cblr-3021	585	12	note	note	NOUN
cblr-3021	585	13	4	4	NUM
cblr-3021	585	14	,	,	PUNCT
cblr-3021	585	15	at	at	ADP
cblr-3021	585	16	9	9	NUM
cblr-3021	585	17	;	;	PUNCT
cblr-3021	585	18	bristow	bristow	PROPN
cblr-3021	585	19	&	&	CCONJ
cblr-3021	585	20	petillon	petillon	PROPN
cblr-3021	585	21	,	,	PUNCT
cblr-3021	585	22	supra	supra	PROPN
cblr-3021	585	23	note	note	NOUN
cblr-3021	585	24	5	5	NUM
cblr-3021	585	25	,	,	PUNCT
cblr-3021	585	26	at	at	ADP
cblr-3021	585	27	411	411	NUM
cblr-3021	585	28	(	(	PUNCT
cblr-3021	585	29	noting	note	VERB
cblr-3021	585	30	that	that	SCONJ
cblr-3021	585	31	the	the	DET
cblr-3021	585	32	sbic	sbic	ADJ
cblr-3021	585	33	program	program	NOUN
cblr-3021	585	34	became	become	VERB
cblr-3021	585	35	so	so	ADV
cblr-3021	585	36	discredited	discredited	ADJ
cblr-3021	585	37	that	that	SCONJ
cblr-3021	585	38	there	there	PRON
cblr-3021	585	39	were	be	VERB
cblr-3021	585	40	legislative	legislative	ADJ
cblr-3021	585	41	attempts	attempt	NOUN
cblr-3021	585	42	to	to	PART
cblr-3021	585	43	kill	kill	VERB
cblr-3021	585	44	it	it	PRON
cblr-3021	585	45	and	and	CCONJ
cblr-3021	585	46	the	the	DET
cblr-3021	585	47	sba	sba	NOUN
cblr-3021	585	48	completely	completely	ADV
cblr-3021	585	49	)	)	PUNCT
cblr-3021	585	50	.	.	PUNCT
cblr-3021	586	1	the	the	DET
cblr-3021	586	2	most	most	ADV
cblr-3021	586	3	significant	significant	ADJ
cblr-3021	586	4	aspect	aspect	NOUN
cblr-3021	586	5	of	of	ADP
cblr-3021	586	6	the	the	DET
cblr-3021	586	7	reforms	reform	NOUN
cblr-3021	586	8	was	be	AUX
cblr-3021	586	9	the	the	DET
cblr-3021	586	10	shifting	shift	VERB
cblr-3021	586	11	focus	focus	NOUN
cblr-3021	586	12	of	of	ADP
cblr-3021	586	13	the	the	DET
cblr-3021	586	14	program	program	NOUN
cblr-3021	586	15	from	from	ADP
cblr-3021	586	16	debt	debt	NOUN
cblr-3021	586	17	to	to	ADP
cblr-3021	586	18	equity	equity	NOUN
cblr-3021	586	19	based	base	VERB
cblr-3021	586	20	financing	financing	NOUN
cblr-3021	586	21	,	,	PUNCT
cblr-3021	586	22	in	in	ADP
cblr-3021	586	23	particular	particular	ADJ
cblr-3021	586	24	the	the	DET
cblr-3021	586	25	removal	removal	NOUN
cblr-3021	586	26	of	of	ADP
cblr-3021	586	27	semiannual	semiannual	ADJ
cblr-3021	586	28	interest	interest	NOUN
cblr-3021	586	29	payments	payment	NOUN
cblr-3021	586	30	by	by	ADP
cblr-3021	586	31	sbics	sbic	NOUN
cblr-3021	586	32	on	on	ADP
cblr-3021	586	33	borrowed	borrow	VERB
cblr-3021	586	34	money	money	NOUN
cblr-3021	586	35	prior	prior	ADV
cblr-3021	586	36	to	to	ADP
cblr-3021	586	37	investment	investment	NOUN
cblr-3021	586	38	liquidation	liquidation	NOUN
cblr-3021	586	39	.	.	PUNCT
cblr-3021	587	1	see	see	VERB
cblr-3021	587	2	beltz	beltz	PROPN
cblr-3021	587	3	,	,	PUNCT
cblr-3021	587	4	supra	supra	PROPN
cblr-3021	587	5	note	note	NOUN
cblr-3021	587	6	4	4	NUM
cblr-3021	587	7	,	,	PUNCT
cblr-3021	587	8	at	at	ADP
cblr-3021	587	9	9	9	NUM
cblr-3021	587	10	.	.	PUNCT
cblr-3021	588	1	'	'	NUM
cblr-3021	588	2	2	2	NUM
cblr-3021	588	3	see	see	VERB
cblr-3021	588	4	bristow	bristow	PROPN
cblr-3021	588	5	&	&	CCONJ
cblr-3021	588	6	petillon	petillon	PROPN
cblr-3021	588	7	,	,	PUNCT
cblr-3021	588	8	supra	supra	PROPN
cblr-3021	588	9	note	note	NOUN
cblr-3021	588	10	5	5	NUM
cblr-3021	588	11	,	,	PUNCT
cblr-3021	588	12	at	at	ADP
cblr-3021	588	13	app	app	PROPN
cblr-3021	588	14	.	.	PROPN
cblr-3021	589	1	4	4	NUM
cblr-3021	589	2	.	.	X
cblr-3021	589	3	'	'	NUM
cblr-3021	589	4	2	2	NUM
cblr-3021	589	5	the	the	DET
cblr-3021	589	6	small	small	ADJ
cblr-3021	589	7	business	business	NOUN
cblr-3021	589	8	investment	investment	NOUN
cblr-3021	589	9	company	company	NOUN
cblr-3021	589	10	technical	technical	ADJ
cblr-3021	589	11	corrections	correction	NOUN
cblr-3021	589	12	act	act	NOUN
cblr-3021	589	13	of	of	ADP
cblr-3021	589	14	1999	1999	NUM
cblr-3021	589	15	:	:	PUNCT
cblr-3021	590	1	hearing	hear	VERB
cblr-3021	590	2	on	on	ADP
cblr-3021	590	3	h.r	h.r	PROPN
cblr-3021	590	4	.	.	PROPN
cblr-3021	590	5	68	68	NUM
cblr-3021	590	6	before	before	ADP
cblr-3021	590	7	the	the	DET
cblr-3021	590	8	house	house	PROPN
cblr-3021	590	9	committee	committee	PROPN
cblr-3021	590	10	on	on	ADP
cblr-3021	590	11	small	small	ADJ
cblr-3021	590	12	business	business	NOUN
cblr-3021	590	13	,	,	PUNCT
cblr-3021	590	14	106th	106th	ADJ
cblr-3021	590	15	cong	cong	NOUN
cblr-3021	590	16	.	.	PUNCT
cblr-3021	591	1	3	3	NUM
cblr-3021	591	2	(	(	PUNCT
cblr-3021	591	3	1999	1999	NUM
cblr-3021	591	4	)	)	PUNCT
cblr-3021	591	5	(	(	PUNCT
cblr-3021	591	6	introductory	introductory	ADJ
cblr-3021	591	7	remarks	remark	NOUN
cblr-3021	591	8	by	by	ADP
cblr-3021	591	9	rep	rep	PROPN
cblr-3021	591	10	.	.	PROPN
cblr-3021	591	11	nadia	nadia	PROPN
cblr-3021	591	12	velazquez	velazquez	PROPN
cblr-3021	591	13	,	,	PUNCT
cblr-3021	591	14	ranking	ranking	ADJ
cblr-3021	591	15	member	member	NOUN
cblr-3021	591	16	of	of	ADP
cblr-3021	591	17	the	the	DET
cblr-3021	591	18	committee	committee	NOUN
cblr-3021	591	19	and	and	CCONJ
cblr-3021	591	20	co	co	NOUN
cblr-3021	591	21	-	-	NOUN
cblr-3021	591	22	sponsor	sponsor	NOUN
cblr-3021	591	23	of	of	ADP
cblr-3021	591	24	the	the	DET
cblr-3021	591	25	legislation	legislation	NOUN
cblr-3021	591	26	)	)	PUNCT
cblr-3021	591	27	.	.	PUNCT
cblr-3021	592	1	10	10	NUM
cblr-3021	592	2	first	first	ADV
cblr-3021	592	3	,	,	PUNCT
cblr-3021	592	4	the	the	DET
cblr-3021	592	5	act	act	NOUN
cblr-3021	592	6	changed	change	VERB
cblr-3021	592	7	the	the	DET
cblr-3021	592	8	interest	interest	NOUN
cblr-3021	592	9	rate	rate	NOUN
cblr-3021	592	10	charged	charge	VERB
cblr-3021	592	11	by	by	ADP
cblr-3021	592	12	the	the	DET
cblr-3021	592	13	sba	sba	NOUN
cblr-3021	592	14	to	to	ADP
cblr-3021	592	15	an	an	DET
cblr-3021	592	16	sbic	sbic	NOUN
cblr-3021	592	17	to	to	PART
cblr-3021	592	18	exclude	exclude	VERB
cblr-3021	592	19	any	any	DET
cblr-3021	592	20	contingent	contingent	ADJ
cblr-3021	592	21	obligations	obligation	NOUN
cblr-3021	592	22	(	(	PUNCT
cblr-3021	592	23	such	such	ADJ
cblr-3021	592	24	as	as	ADP
cblr-3021	592	25	options	option	NOUN
cblr-3021	592	26	,	,	PUNCT
cblr-3021	592	27	warrants	warrant	NOUN
cblr-3021	592	28	,	,	PUNCT
cblr-3021	592	29	etc	etc	X
cblr-3021	592	30	.	.	X
cblr-3021	592	31	)	)	PUNCT
cblr-3021	592	32	of	of	ADP
cblr-3021	592	33	the	the	DET
cblr-3021	592	34	small	small	ADJ
cblr-3021	592	35	business	business	NOUN
cblr-3021	592	36	to	to	ADP
cblr-3021	592	37	the	the	DET
cblr-3021	592	38	sbic	sbic	NOUN
cblr-3021	592	39	.	.	PUNCT
cblr-3021	593	1	second	second	ADJ
cblr-3021	593	2	,	,	PUNCT
cblr-3021	593	3	the	the	DET
cblr-3021	593	4	act	act	NOUN
cblr-3021	593	5	increased	increase	VERB
cblr-3021	593	6	program	program	NOUN
cblr-3021	593	7	funding	funding	NOUN
cblr-3021	593	8	by	by	ADP
cblr-3021	593	9	several	several	ADJ
cblr-3021	593	10	million	million	NUM
cblr-3021	593	11	dollars	dollar	NOUN
cblr-3021	593	12	.	.	PUNCT
cblr-3021	594	1	third	third	ADV
cblr-3021	594	2	,	,	PUNCT
cblr-3021	594	3	the	the	DET
cblr-3021	594	4	act	act	NOUN
cblr-3021	594	5	loosened	loosen	VERB
cblr-3021	594	6	the	the	DET
cblr-3021	594	7	leverage	leverage	NOUN
cblr-3021	594	8	planning	planning	NOUN
cblr-3021	594	9	restrictions	restriction	NOUN
cblr-3021	594	10	for	for	ADP
cblr-3021	594	11	small	small	ADJ
cblr-3021	594	12	sbics	sbic	NOUN
cblr-3021	594	13	.	.	PUNCT
cblr-3021	595	1	fourth	fourth	ADJ
cblr-3021	595	2	,	,	PUNCT
cblr-3021	595	3	the	the	DET
cblr-3021	595	4	act	act	NOUN
cblr-3021	595	5	included	include	VERB
cblr-3021	595	6	"	"	PUNCT
cblr-3021	595	7	s	s	PART
cblr-3021	595	8	"	"	PUNCT
cblr-3021	595	9	corporations	corporation	NOUN
cblr-3021	595	10	in	in	ADP
cblr-3021	595	11	sbic	sbic	ADJ
cblr-3021	595	12	financing	financing	NOUN
cblr-3021	595	13	.	.	PUNCT
cblr-3021	596	1	finally	finally	ADV
cblr-3021	596	2	,	,	PUNCT
cblr-3021	596	3	the	the	DET
cblr-3021	596	4	act	act	NOUN
cblr-3021	596	5	granted	grant	VERB
cblr-3021	596	6	the	the	DET
cblr-3021	596	7	sba	sba	NOUN
cblr-3021	596	8	greater	great	ADJ
cblr-3021	596	9	flexibility	flexibility	NOUN
cblr-3021	596	10	in	in	ADP
cblr-3021	596	11	issuing	issue	VERB
cblr-3021	596	12	trust	trust	NOUN
cblr-3021	596	13	certificates	certificate	NOUN
cblr-3021	596	14	to	to	PART
cblr-3021	596	15	finance	finance	VERB
cblr-3021	596	16	sbic	sbic	ADJ
cblr-3021	596	17	investments	investment	NOUN
cblr-3021	596	18	.	.	PUNCT
cblr-3021	597	1	see	see	VERB
cblr-3021	597	2	i	i	PRON
cblr-3021	597	3	d.	d.	PROPN
cblr-3021	597	4	at	at	ADP
cblr-3021	597	5	2	2	NUM
cblr-3021	597	6	.	.	PUNCT
cblr-3021	598	1	no	no	INTJ
cblr-3021	598	2	.	.	PUNCT
cblr-3021	599	1	1:77	1:77	NUM
cblr-3021	599	2	]	]	X
cblr-3021	599	3	columbia	columbia	PROPN
cblr-3021	599	4	business	business	PROPN
cblr-3021	599	5	law	law	PROPN
cblr-3021	599	6	review	review	VERB
cblr-3021	599	7	million	million	NUM
cblr-3021	599	8	dollars	dollar	NOUN
cblr-3021	599	9	,	,	PUNCT
cblr-3021	599	10	loosened	loosen	VERB
cblr-3021	599	11	leverage	leverage	NOUN
cblr-3021	599	12	planning	planning	NOUN
cblr-3021	599	13	restrictions	restriction	NOUN
cblr-3021	599	14	,	,	PUNCT
cblr-3021	599	15	included	include	VERB
cblr-3021	599	16	"	"	PUNCT
cblr-3021	599	17	s	s	PART
cblr-3021	599	18	"	"	PUNCT
cblr-3021	599	19	corporations	corporation	NOUN
cblr-3021	599	20	,	,	PUNCT
cblr-3021	599	21	and	and	CCONJ
cblr-3021	599	22	allowed	allow	VERB
cblr-3021	599	23	more	more	ADJ
cblr-3021	599	24	flexibility	flexibility	NOUN
cblr-3021	599	25	in	in	ADP
cblr-3021	599	26	trust	trust	NOUN
cblr-3021	599	27	certificate	certificate	NOUN
cblr-3021	599	28	issuance.18	issuance.18	PROPN
cblr-3021	599	29	'	'	PUNCT
cblr-3021	599	30	these	these	DET
cblr-3021	599	31	modifications	modification	NOUN
cblr-3021	599	32	probably	probably	ADV
cblr-3021	599	33	will	will	AUX
cblr-3021	599	34	not	not	PART
cblr-3021	599	35	change	change	VERB
cblr-3021	599	36	the	the	DET
cblr-3021	599	37	fact	fact	NOUN
cblr-3021	599	38	that	that	SCONJ
cblr-3021	599	39	traditional	traditional	ADJ
cblr-3021	599	40	venture	venture	NOUN
cblr-3021	599	41	capital	capital	NOUN
cblr-3021	599	42	firms	firm	NOUN
cblr-3021	599	43	still	still	ADV
cblr-3021	599	44	exceed	exceed	VERB
cblr-3021	599	45	the	the	DET
cblr-3021	599	46	total	total	ADJ
cblr-3021	599	47	investments	investment	NOUN
cblr-3021	599	48	of	of	ADP
cblr-3021	599	49	sbics	sbic	NOUN
cblr-3021	599	50	by	by	ADP
cblr-3021	599	51	a	a	DET
cblr-3021	599	52	huge	huge	ADJ
cblr-3021	599	53	margin	margin	NOUN
cblr-3021	599	54	.	.	PUNCT
cblr-3021	600	1	132	132	NUM
cblr-3021	600	2	nor	nor	CCONJ
cblr-3021	600	3	will	will	AUX
cblr-3021	600	4	they	they	PRON
cblr-3021	600	5	alter	alter	VERB
cblr-3021	600	6	the	the	DET
cblr-3021	600	7	fact	fact	NOUN
cblr-3021	600	8	that	that	SCONJ
cblr-3021	600	9	sbics	sbic	NOUN
cblr-3021	600	10	comprise	comprise	VERB
cblr-3021	600	11	an	an	DET
cblr-3021	600	12	even	even	ADV
cblr-3021	600	13	smaller	small	ADJ
cblr-3021	600	14	percentage	percentage	NOUN
cblr-3021	600	15	of	of	ADP
cblr-3021	600	16	total	total	ADJ
cblr-3021	600	17	venture	venture	NOUN
cblr-3021	600	18	capital	capital	NOUN
cblr-3021	600	19	investments	investment	NOUN
cblr-3021	600	20	,	,	PUNCT
cblr-3021	600	21	when	when	SCONJ
cblr-3021	600	22	angel	angel	NOUN
cblr-3021	600	23	investors	investor	NOUN
cblr-3021	600	24	and	and	CCONJ
cblr-3021	600	25	institutions	institution	NOUN
cblr-3021	600	26	are	be	AUX
cblr-3021	600	27	taken	take	VERB
cblr-3021	600	28	into	into	ADP
cblr-3021	600	29	account.133	account.133	PROPN
cblr-3021	600	30	they	they	PRON
cblr-3021	600	31	might	might	AUX
cblr-3021	600	32	enable	enable	VERB
cblr-3021	600	33	the	the	DET
cblr-3021	600	34	sbic	sbic	ADJ
cblr-3021	600	35	program	program	NOUN
cblr-3021	600	36	to	to	PART
cblr-3021	600	37	have	have	VERB
cblr-3021	600	38	some	some	DET
cblr-3021	600	39	small	small	ADJ
cblr-3021	600	40	impact	impact	NOUN
cblr-3021	600	41	in	in	ADP
cblr-3021	600	42	capital	capital	NOUN
cblr-3021	600	43	formation	formation	NOUN
cblr-3021	600	44	,	,	PUNCT
cblr-3021	600	45	at	at	ADP
cblr-3021	600	46	the	the	DET
cblr-3021	600	47	lower	low	ADJ
cblr-3021	600	48	end	end	NOUN
cblr-3021	600	49	of	of	ADP
cblr-3021	600	50	the	the	DET
cblr-3021	600	51	venture	venture	NOUN
cblr-3021	600	52	capital	capital	NOUN
cblr-3021	600	53	market	market	NOUN
cblr-3021	600	54	for	for	ADP
cblr-3021	600	55	startups	startup	NOUN
cblr-3021	600	56	requiring	require	VERB
cblr-3021	600	57	smaller	small	ADJ
cblr-3021	600	58	investments	investment	NOUN
cblr-3021	600	59	.	.	PUNCT
cblr-3021	601	1	3	3	NUM
cblr-3021	601	2	4	4	NUM
cblr-3021	601	3	in	in	ADP
cblr-3021	601	4	2001	2001	NUM
cblr-3021	601	5	,	,	PUNCT
cblr-3021	601	6	the	the	DET
cblr-3021	601	7	average	average	ADJ
cblr-3021	601	8	sbic	sbic	ADJ
cblr-3021	601	9	loan	loan	NOUN
cblr-3021	601	10	size	size	NOUN
cblr-3021	601	11	was	be	AUX
cblr-3021	601	12	about	about	ADV
cblr-3021	601	13	$	$	SYM
cblr-3021	601	14	1	1	NUM
cblr-3021	601	15	million	million	NUM
cblr-3021	601	16	,	,	PUNCT
cblr-3021	601	17	which	which	PRON
cblr-3021	601	18	is	be	AUX
cblr-3021	601	19	right	right	ADJ
cblr-3021	601	20	in	in	ADP
cblr-3021	601	21	the	the	DET
cblr-3021	601	22	"	"	PUNCT
cblr-3021	601	23	seed	seed	NOUN
cblr-3021	601	24	"	"	PUNCT
cblr-3021	601	25	range	range	NOUN
cblr-3021	601	26	.	.	PUNCT
cblr-3021	602	1	35	35	NUM
cblr-3021	602	2	however	however	ADV
cblr-3021	602	3	,	,	PUNCT
cblr-3021	602	4	the	the	DET
cblr-3021	602	5	sbics	sbic	NOUN
cblr-3021	602	6	have	have	VERB
cblr-3021	602	7	the	the	DET
cblr-3021	602	8	disadvantage	disadvantage	NOUN
cblr-3021	602	9	of	of	ADP
cblr-3021	602	10	consuming	consume	VERB
cblr-3021	602	11	"	"	PUNCT
cblr-3021	602	12	considerable	considerable	ADJ
cblr-3021	602	13	public	public	ADJ
cblr-3021	602	14	capital	capital	NOUN
cblr-3021	602	15	as	as	ADP
cblr-3021	602	16	leverage	leverage	NOUN
cblr-3021	602	17	.	.	PUNCT
cblr-3021	603	1	"1	"1	NOUN
cblr-3021	603	2	36	36	NUM
cblr-3021	603	3	thus	thus	ADV
cblr-3021	603	4	,	,	PUNCT
cblr-3021	603	5	this	this	DET
cblr-3021	603	6	segment	segment	NOUN
cblr-3021	603	7	of	of	ADP
cblr-3021	603	8	the	the	DET
cblr-3021	603	9	market	market	NOUN
cblr-3021	603	10	131	131	NUM
cblr-3021	603	11	see	see	VERB
cblr-3021	603	12	i	i	PRON
cblr-3021	603	13	d.	d.	PROPN
cblr-3021	603	14	131	131	NUM
cblr-3021	603	15	sbic	sbic	ADJ
cblr-3021	603	16	investments	investment	NOUN
cblr-3021	603	17	increased	increase	VERB
cblr-3021	603	18	to	to	ADP
cblr-3021	603	19	$	$	SYM
cblr-3021	603	20	4.2	4.2	NUM
cblr-3021	603	21	billion	billion	NUM
cblr-3021	603	22	in	in	ADP
cblr-3021	603	23	1999	1999	NUM
cblr-3021	603	24	,	,	PUNCT
cblr-3021	603	25	while	while	SCONJ
cblr-3021	603	26	traditional	traditional	ADJ
cblr-3021	603	27	venture	venture	NOUN
cblr-3021	603	28	capital	capital	NOUN
cblr-3021	603	29	(	(	PUNCT
cblr-3021	603	30	private	private	ADJ
cblr-3021	603	31	partnerships	partnership	NOUN
cblr-3021	603	32	)	)	PUNCT
cblr-3021	603	33	provided	provide	VERB
cblr-3021	603	34	$	$	SYM
cblr-3021	603	35	30.3	30.3	NUM
cblr-3021	603	36	billion	billion	NUM
cblr-3021	603	37	in	in	ADP
cblr-3021	603	38	capital	capital	NOUN
cblr-3021	603	39	.	.	PUNCT
cblr-3021	604	1	see	see	VERB
cblr-3021	604	2	small	small	ADJ
cblr-3021	604	3	business	business	NOUN
cblr-3021	604	4	admin	admin	PROPN
cblr-3021	604	5	.	.	PROPN
cblr-3021	604	6	,	,	PUNCT
cblr-3021	604	7	all	all	DET
cblr-3021	604	8	sbic	sbic	ADJ
cblr-3021	604	9	program	program	NOUN
cblr-3021	604	10	licenses	license	NOUN
cblr-3021	604	11	:	:	PUNCT
cblr-3021	604	12	financing	financing	NOUN
cblr-3021	604	13	to	to	ADP
cblr-3021	604	14	small	small	ADJ
cblr-3021	604	15	businesses	business	NOUN
cblr-3021	604	16	reported	report	VERB
cblr-3021	604	17	between	between	ADP
cblr-3021	604	18	october	october	PROPN
cblr-3021	604	19	2001	2001	NUM
cblr-3021	604	20	and	and	CCONJ
cblr-3021	604	21	september	september	PROPN
cblr-3021	604	22	2002	2002	NUM
cblr-3021	604	23	,	,	PUNCT
cblr-3021	604	24	at	at	ADP
cblr-3021	604	25	http://www.sba.gov/inv/tables/2001/stats/allsbicl.pdf	http://www.sba.gov/inv/tables/2001/stats/allsbicl.pdf	PROPN
cblr-3021	604	26	(	(	PUNCT
cblr-3021	604	27	last	last	ADV
cblr-3021	604	28	visited	visit	VERB
cblr-3021	604	29	mar	mar	PROPN
cblr-3021	604	30	.	.	PROPN
cblr-3021	604	31	14	14	NUM
cblr-3021	604	32	,	,	PUNCT
cblr-3021	604	33	2000	2000	NUM
cblr-3021	604	34	)	)	PUNCT
cblr-3021	604	35	(	(	PUNCT
cblr-3021	604	36	noting	note	VERB
cblr-3021	604	37	sbic	sbic	ADJ
cblr-3021	604	38	investment	investment	NOUN
cblr-3021	604	39	levels	level	NOUN
cblr-3021	604	40	)	)	PUNCT
cblr-3021	604	41	;	;	PUNCT
cblr-3021	604	42	see	see	VERB
cblr-3021	604	43	also	also	ADV
cblr-3021	604	44	taylor	taylor	PROPN
cblr-3021	604	45	,	,	PUNCT
cblr-3021	604	46	supra	supra	PROPN
cblr-3021	604	47	note	note	PROPN
cblr-3021	604	48	68	68	NUM
cblr-3021	604	49	(	(	PUNCT
cblr-3021	604	50	noting	note	VERB
cblr-3021	604	51	traditional	traditional	ADJ
cblr-3021	604	52	venture	venture	NOUN
cblr-3021	604	53	capital	capital	NOUN
cblr-3021	604	54	investment	investment	NOUN
cblr-3021	604	55	levels	level	NOUN
cblr-3021	604	56	)	)	PUNCT
cblr-3021	604	57	.	.	PUNCT
cblr-3021	605	1	in	in	ADP
cblr-3021	605	2	2000	2000	NUM
cblr-3021	605	3	,	,	PUNCT
cblr-3021	605	4	sbics	sbic	NOUN
cblr-3021	605	5	invested	invest	VERB
cblr-3021	605	6	$	$	SYM
cblr-3021	605	7	5.5	5.5	NUM
cblr-3021	605	8	billion	billion	NUM
cblr-3021	605	9	,	,	PUNCT
cblr-3021	605	10	a	a	DET
cblr-3021	605	11	30	30	NUM
cblr-3021	605	12	%	%	NOUN
cblr-3021	605	13	increase	increase	NOUN
cblr-3021	605	14	from	from	ADP
cblr-3021	605	15	1999	1999	NUM
cblr-3021	605	16	,	,	PUNCT
cblr-3021	605	17	suggesting	suggest	VERB
cblr-3021	605	18	that	that	SCONJ
cblr-3021	605	19	continued	continue	VERB
cblr-3021	605	20	streamlining	streamlining	NOUN
cblr-3021	605	21	of	of	ADP
cblr-3021	605	22	the	the	DET
cblr-3021	605	23	program	program	NOUN
cblr-3021	605	24	has	have	AUX
cblr-3021	605	25	proven	prove	VERB
cblr-3021	605	26	effective	effective	ADJ
cblr-3021	605	27	.	.	PUNCT
cblr-3021	606	1	see	see	VERB
cblr-3021	606	2	bruce	bruce	PROPN
cblr-3021	606	3	a.	a.	PROPN
cblr-3021	606	4	kinn	kinn	PROPN
cblr-3021	606	5	&	&	CCONJ
cblr-3021	606	6	arnold	arnold	PROPN
cblr-3021	606	7	m.	m.	PROPN
cblr-3021	606	8	zaff	zaff	PROPN
cblr-3021	606	9	,	,	PUNCT
cblr-3021	606	10	vcs	vcs	PROPN
cblr-3021	606	11	tap	tap	VERB
cblr-3021	606	12	new	new	ADJ
cblr-3021	606	13	funding	funding	NOUN
cblr-3021	606	14	source	source	NOUN
cblr-3021	606	15	:	:	PUNCT
cblr-3021	606	16	the	the	DET
cblr-3021	606	17	sbic	sbic	ADJ
cblr-3021	606	18	equity	equity	NOUN
cblr-3021	606	19	leverage	leverage	NOUN
cblr-3021	606	20	program	program	NOUN
cblr-3021	606	21	and	and	CCONJ
cblr-3021	606	22	the	the	DET
cblr-3021	606	23	reasons	reason	NOUN
cblr-3021	606	24	for	for	ADP
cblr-3021	606	25	its	its	PRON
cblr-3021	606	26	growing	grow	VERB
cblr-3021	606	27	popularity	popularity	NOUN
cblr-3021	606	28	,	,	PUNCT
cblr-3021	606	29	venture	venture	NOUN
cblr-3021	606	30	capital	capital	NOUN
cblr-3021	606	31	journal	journal	PROPN
cblr-3021	606	32	,	,	PUNCT
cblr-3021	606	33	july	july	PROPN
cblr-3021	606	34	1	1	NUM
cblr-3021	606	35	,	,	PUNCT
cblr-3021	606	36	2001	2001	NUM
cblr-3021	606	37	,	,	PUNCT
cblr-3021	606	38	available	available	ADJ
cblr-3021	606	39	at	at	ADP
cblr-3021	606	40	2001	2001	NUM
cblr-3021	606	41	wl	wl	NOUN
cblr-3021	606	42	2277780	2277780	NUM
cblr-3021	606	43	.	.	PUNCT
cblr-3021	606	44	"	"	PUNCT
cblr-3021	607	1	see	see	VERB
cblr-3021	607	2	taylor	taylor	PROPN
cblr-3021	607	3	,	,	PUNCT
cblr-3021	607	4	supra	supra	PROPN
cblr-3021	607	5	note	note	PROPN
cblr-3021	607	6	67	67	NUM
cblr-3021	607	7	;	;	PUNCT
cblr-3021	607	8	see	see	VERB
cblr-3021	607	9	also	also	ADV
cblr-3021	607	10	beltz	beltz	VERB
cblr-3021	607	11	,	,	PUNCT
cblr-3021	607	12	supra	supra	PROPN
cblr-3021	607	13	note	note	NOUN
cblr-3021	607	14	4	4	NUM
cblr-3021	607	15	,	,	PUNCT
cblr-3021	607	16	at	at	ADP
cblr-3021	607	17	56	56	NUM
cblr-3021	607	18	(	(	PUNCT
cblr-3021	607	19	noting	note	VERB
cblr-3021	607	20	that	that	SCONJ
cblr-3021	607	21	sbics	sbic	NOUN
cblr-3021	607	22	comprise	comprise	VERB
cblr-3021	607	23	just	just	ADV
cblr-3021	607	24	5	5	NUM
cblr-3021	607	25	%	%	NOUN
cblr-3021	607	26	of	of	ADP
cblr-3021	607	27	all	all	DET
cblr-3021	607	28	venture	venture	NOUN
cblr-3021	607	29	capital	capital	NOUN
cblr-3021	607	30	)	)	PUNCT
cblr-3021	607	31	.	.	PUNCT
cblr-3021	608	1	"	"	PUNCT
cblr-3021	608	2	4	4	NUM
cblr-3021	608	3	see	see	VERB
cblr-3021	608	4	the	the	DET
cblr-3021	608	5	small	small	ADJ
cblr-3021	608	6	business	business	NOUN
cblr-3021	608	7	investment	investment	NOUN
cblr-3021	608	8	company	company	NOUN
cblr-3021	608	9	technical	technical	ADJ
cblr-3021	608	10	corrections	correction	NOUN
cblr-3021	608	11	act	act	NOUN
cblr-3021	608	12	of	of	ADP
cblr-3021	608	13	1999	1999	NUM
cblr-3021	608	14	:	:	PUNCT
cblr-3021	608	15	hearing	hear	VERB
cblr-3021	608	16	on	on	ADP
cblr-3021	608	17	h.r	h.r	PROPN
cblr-3021	608	18	.	.	PROPN
cblr-3021	608	19	68	68	NUM
cblr-3021	608	20	before	before	ADP
cblr-3021	608	21	the	the	DET
cblr-3021	608	22	house	house	NOUN
cblr-3021	608	23	comm	comm	NOUN
cblr-3021	608	24	.	.	PUNCT
cblr-3021	609	1	on	on	ADP
cblr-3021	609	2	small	small	ADJ
cblr-3021	609	3	business	business	NOUN
cblr-3021	609	4	,	,	PUNCT
cblr-3021	609	5	106th	106th	ADJ
cblr-3021	609	6	cong	cong	NOUN
cblr-3021	609	7	.	.	PUNCT
cblr-3021	610	1	(	(	PUNCT
cblr-3021	610	2	1999	1999	NUM
cblr-3021	610	3	)	)	PUNCT
cblr-3021	610	4	(	(	PUNCT
cblr-3021	610	5	statement	statement	NOUN
cblr-3021	610	6	of	of	ADP
cblr-3021	610	7	lee	lee	PROPN
cblr-3021	610	8	mercer	mercer	PROPN
cblr-3021	610	9	,	,	PUNCT
cblr-3021	610	10	president	president	NOUN
cblr-3021	610	11	of	of	ADP
cblr-3021	610	12	the	the	DET
cblr-3021	610	13	national	national	PROPN
cblr-3021	610	14	association	association	PROPN
cblr-3021	610	15	of	of	ADP
cblr-3021	610	16	small	small	ADJ
cblr-3021	610	17	business	business	NOUN
cblr-3021	610	18	investment	investment	NOUN
cblr-3021	610	19	companies	company	NOUN
cblr-3021	610	20	)	)	PUNCT
cblr-3021	610	21	.	.	PUNCT
cblr-3021	611	1	there	there	PRON
cblr-3021	611	2	undoubtedly	undoubtedly	ADV
cblr-3021	611	3	is	be	AUX
cblr-3021	611	4	need	need	NOUN
cblr-3021	611	5	for	for	ADP
cblr-3021	611	6	these	these	DET
cblr-3021	611	7	smaller	small	ADJ
cblr-3021	611	8	investments	investment	NOUN
cblr-3021	611	9	,	,	PUNCT
cblr-3021	611	10	particularly	particularly	ADV
cblr-3021	611	11	in	in	ADP
cblr-3021	611	12	light	light	NOUN
cblr-3021	611	13	of	of	ADP
cblr-3021	611	14	how	how	SCONJ
cblr-3021	611	15	competitive	competitive	ADJ
cblr-3021	611	16	obtaining	obtain	VERB
cblr-3021	611	17	venture	venture	NOUN
cblr-3021	611	18	capital	capital	NOUN
cblr-3021	611	19	funding	funding	NOUN
cblr-3021	611	20	can	can	AUX
cblr-3021	611	21	be	be	AUX
cblr-3021	611	22	.	.	PUNCT
cblr-3021	612	1	see	see	VERB
cblr-3021	612	2	i	i	PRON
cblr-3021	612	3	d.	d.	PROPN
cblr-3021	612	4	1	1	NUM
cblr-3021	612	5	'	'	PUNCT
cblr-3021	612	6	see	see	VERB
cblr-3021	612	7	small	small	ADJ
cblr-3021	612	8	business	business	NOUN
cblr-3021	612	9	admin	admin	PROPN
cblr-3021	612	10	.	.	PROPN
cblr-3021	612	11	,	,	PUNCT
cblr-3021	612	12	supra	supra	PROPN
cblr-3021	612	13	note	note	PROPN
cblr-3021	612	14	132	132	NUM
cblr-3021	612	15	.	.	NOUN
cblr-3021	612	16	136	136	NUM
cblr-3021	613	1	see	see	VERB
cblr-3021	613	2	beltz	beltz	NOUN
cblr-3021	613	3	,	,	PUNCT
cblr-3021	613	4	supra	supra	PROPN
cblr-3021	613	5	note	note	NOUN
cblr-3021	613	6	4	4	NUM
cblr-3021	613	7	,	,	PUNCT
cblr-3021	613	8	at	at	ADP
cblr-3021	613	9	56	56	NUM
cblr-3021	613	10	.	.	PUNCT
cblr-3021	614	1	this	this	DET
cblr-3021	614	2	disadvantage	disadvantage	NOUN
cblr-3021	614	3	becomes	becomes	AUX
cblr-3021	614	4	marked	mark	VERB
cblr-3021	614	5	when	when	SCONJ
cblr-3021	614	6	sbics	sbic	NOUN
cblr-3021	614	7	fail	fail	VERB
cblr-3021	614	8	to	to	PART
cblr-3021	614	9	achieve	achieve	VERB
cblr-3021	614	10	a	a	DET
cblr-3021	614	11	certain	certain	ADJ
cblr-3021	614	12	level	level	NOUN
cblr-3021	614	13	of	of	ADP
cblr-3021	614	14	returns	return	NOUN
cblr-3021	614	15	,	,	PUNCT
cblr-3021	614	16	because	because	SCONJ
cblr-3021	614	17	the	the	DET
cblr-3021	614	18	[	[	X
cblr-3021	614	19	vol	vol	NOUN
cblr-3021	614	20	.	.	PUNCT
cblr-3021	614	21	2004	2004	NUM
cblr-3021	614	22	venture	venture	NOUN
cblr-3021	614	23	capital	capital	NOUN
cblr-3021	614	24	formation	formation	NOUN
cblr-3021	614	25	and	and	CCONJ
cblr-3021	614	26	access	access	NOUN
cblr-3021	614	27	may	may	AUX
cblr-3021	614	28	remain	remain	VERB
cblr-3021	614	29	better	well	ADV
cblr-3021	614	30	served	serve	VERB
cblr-3021	614	31	by	by	ADP
cblr-3021	614	32	incubators	incubator	NOUN
cblr-3021	614	33	and	and	CCONJ
cblr-3021	614	34	private	private	ADJ
cblr-3021	614	35	sector	sector	NOUN
cblr-3021	614	36	angel	angel	NOUN
cblr-3021	614	37	investors	investor	NOUN
cblr-3021	614	38	(	(	PUNCT
cblr-3021	614	39	discussed	discuss	VERB
cblr-3021	614	40	below	below	ADV
cblr-3021	614	41	)	)	PUNCT
cblr-3021	614	42	.	.	PUNCT
cblr-3021	615	1	e.	e.	PROPN
cblr-3021	615	2	glass	glass	PROPN
cblr-3021	615	3	-	-	PUNCT
cblr-3021	615	4	steagall	steagall	NOUN
cblr-3021	615	5	repeal	repeal	NOUN
cblr-3021	615	6	the	the	DET
cblr-3021	615	7	financial	financial	ADJ
cblr-3021	615	8	modernization	modernization	NOUN
cblr-3021	615	9	act	act	NOUN
cblr-3021	615	10	recently	recently	ADV
cblr-3021	615	11	passed	pass	VERB
cblr-3021	615	12	by	by	ADP
cblr-3021	615	13	congress	congress	PROPN
cblr-3021	615	14	will	will	AUX
cblr-3021	615	15	allow	allow	VERB
cblr-3021	615	16	bank	bank	NOUN
cblr-3021	615	17	-	-	PUNCT
cblr-3021	615	18	owned	own	VERB
cblr-3021	615	19	venture	venture	NOUN
cblr-3021	615	20	capital	capital	NOUN
cblr-3021	615	21	units	unit	NOUN
cblr-3021	615	22	to	to	PART
cblr-3021	615	23	make	make	VERB
cblr-3021	615	24	unlimited	unlimited	ADJ
cblr-3021	615	25	investments	investment	NOUN
cblr-3021	615	26	in	in	ADP
cblr-3021	615	27	non	non	ADJ
cblr-3021	615	28	-	-	ADJ
cblr-3021	615	29	financial	financial	ADJ
cblr-3021	615	30	companies	company	NOUN
cblr-3021	615	31	as	as	ADV
cblr-3021	615	32	long	long	ADV
cblr-3021	615	33	as	as	SCONJ
cblr-3021	615	34	they	they	PRON
cblr-3021	615	35	do	do	AUX
cblr-3021	615	36	not	not	PART
cblr-3021	615	37	take	take	VERB
cblr-3021	615	38	management	management	NOUN
cblr-3021	615	39	control.1	control.1	VERB
cblr-3021	615	40	1	1	NUM
cblr-3021	615	41	7	7	NUM
cblr-3021	615	42	this	this	DET
cblr-3021	615	43	reform	reform	NOUN
cblr-3021	615	44	primarily	primarily	ADV
cblr-3021	615	45	benefits	benefit	VERB
cblr-3021	615	46	later	later	ADJ
cblr-3021	615	47	-	-	PUNCT
cblr-3021	615	48	stage	stage	NOUN
cblr-3021	615	49	companies	company	NOUN
cblr-3021	615	50	,	,	PUNCT
cblr-3021	615	51	as	as	SCONJ
cblr-3021	615	52	institutional	institutional	ADJ
cblr-3021	615	53	venture	venture	NOUN
cblr-3021	615	54	capital	capital	NOUN
cblr-3021	615	55	funds	fund	NOUN
cblr-3021	615	56	supply	supply	VERB
cblr-3021	615	57	nascent	nascent	NOUN
cblr-3021	615	58	enterprises	enterprise	NOUN
cblr-3021	615	59	with	with	ADP
cblr-3021	615	60	less	less	ADJ
cblr-3021	615	61	than	than	ADP
cblr-3021	615	62	20	20	NUM
cblr-3021	615	63	%	%	NOUN
cblr-3021	615	64	of	of	ADP
cblr-3021	615	65	their	their	PRON
cblr-3021	615	66	capital	capital	NOUN
cblr-3021	615	67	.	.	PUNCT
cblr-3021	616	1	'38	'38	NUM
cblr-3021	616	2	for	for	ADP
cblr-3021	616	3	example	example	NOUN
cblr-3021	616	4	,	,	PUNCT
cblr-3021	616	5	early	early	ADJ
cblr-3021	616	6	stage	stage	NOUN
cblr-3021	616	7	companies	company	NOUN
cblr-3021	616	8	received	receive	VERB
cblr-3021	616	9	only	only	ADV
cblr-3021	616	10	19.2	19.2	NUM
cblr-3021	616	11	%	%	NOUN
cblr-3021	616	12	of	of	ADP
cblr-3021	616	13	the	the	DET
cblr-3021	616	14	venture	venture	NOUN
cblr-3021	616	15	capital	capital	NOUN
cblr-3021	616	16	invested	invest	VERB
cblr-3021	616	17	in	in	ADP
cblr-3021	616	18	the	the	DET
cblr-3021	616	19	first	first	ADJ
cblr-3021	616	20	quarter	quarter	NOUN
cblr-3021	616	21	of	of	ADP
cblr-3021	616	22	2002.39	2002.39	NUM
cblr-3021	616	23	given	give	VERB
cblr-3021	616	24	the	the	DET
cblr-3021	616	25	small	small	ADJ
cblr-3021	616	26	amount	amount	NOUN
cblr-3021	616	27	of	of	ADP
cblr-3021	616	28	early	early	ADJ
cblr-3021	616	29	-	-	PUNCT
cblr-3021	616	30	stage	stage	NOUN
cblr-3021	616	31	risk	risk	NOUN
cblr-3021	616	32	capital	capital	NOUN
cblr-3021	616	33	that	that	PRON
cblr-3021	616	34	large	large	ADJ
cblr-3021	616	35	institutions	institution	NOUN
cblr-3021	616	36	provide	provide	VERB
cblr-3021	616	37	,	,	PUNCT
cblr-3021	616	38	the	the	DET
cblr-3021	616	39	repeal	repeal	NOUN
cblr-3021	616	40	of	of	ADP
cblr-3021	616	41	the	the	DET
cblr-3021	616	42	glass	glass	NOUN
cblr-3021	616	43	steagall	steagall	PROPN
cblr-3021	616	44	act	act	NOUN
cblr-3021	616	45	may	may	AUX
cblr-3021	616	46	not	not	PART
cblr-3021	616	47	have	have	VERB
cblr-3021	616	48	a	a	DET
cblr-3021	616	49	significant	significant	ADJ
cblr-3021	616	50	impact	impact	NOUN
cblr-3021	616	51	upon	upon	SCONJ
cblr-3021	616	52	the	the	DET
cblr-3021	616	53	funding	funding	NOUN
cblr-3021	616	54	of	of	ADP
cblr-3021	616	55	small	small	ADJ
cblr-3021	616	56	enterprises	enterprise	NOUN
cblr-3021	616	57	.	.	PUNCT
cblr-3021	617	1	f.	f.	PROPN
cblr-3021	617	2	immigrant	immigrant	PROPN
cblr-3021	617	3	visas	visa	VERB
cblr-3021	617	4	one	one	NUM
cblr-3021	617	5	controversial	controversial	ADJ
cblr-3021	617	6	measure	measure	NOUN
cblr-3021	617	7	to	to	PART
cblr-3021	617	8	promote	promote	VERB
cblr-3021	617	9	capital	capital	NOUN
cblr-3021	617	10	formation	formation	NOUN
cblr-3021	617	11	has	have	AUX
cblr-3021	617	12	been	be	AUX
cblr-3021	617	13	the	the	DET
cblr-3021	617	14	immigrant	immigrant	ADJ
cblr-3021	617	15	investor	investor	NOUN
cblr-3021	617	16	program.140	program.140	ADJ
cblr-3021	617	17	wealthy	wealthy	ADJ
cblr-3021	617	18	foreigners	foreigner	NOUN
cblr-3021	617	19	who	who	PRON
cblr-3021	617	20	can	can	AUX
cblr-3021	617	21	invest	invest	VERB
cblr-3021	617	22	$	$	SYM
cblr-3021	617	23	500,000	500,000	NUM
cblr-3021	617	24	to	to	PART
cblr-3021	617	25	$	$	SYM
cblr-3021	617	26	1	1	NUM
cblr-3021	617	27	million	million	NUM
cblr-3021	617	28	in	in	ADP
cblr-3021	617	29	u.s	u.s	PROPN
cblr-3021	617	30	.	.	PROPN
cblr-3021	617	31	businesses	business	NOUN
cblr-3021	617	32	to	to	PART
cblr-3021	617	33	create	create	VERB
cblr-3021	617	34	ten	ten	NUM
cblr-3021	617	35	jobs	job	NOUN
cblr-3021	617	36	lasting	last	VERB
cblr-3021	617	37	ten	ten	NUM
cblr-3021	617	38	years	year	NOUN
cblr-3021	617	39	may	may	AUX
cblr-3021	617	40	obtain	obtain	VERB
cblr-3021	617	41	green	green	ADJ
cblr-3021	617	42	cards.14	cards.14	NOUN
cblr-3021	617	43	'	'	PART
cblr-3021	617	44	the	the	DET
cblr-3021	617	45	program	program	NOUN
cblr-3021	617	46	,	,	PUNCT
cblr-3021	617	47	however	however	ADV
cblr-3021	617	48	,	,	PUNCT
cblr-3021	617	49	has	have	AUX
cblr-3021	617	50	failed	fail	VERB
cblr-3021	617	51	to	to	PART
cblr-3021	617	52	attract	attract	VERB
cblr-3021	617	53	government	government	NOUN
cblr-3021	617	54	only	only	ADV
cblr-3021	617	55	receives	receive	VERB
cblr-3021	617	56	its	its	PRON
cblr-3021	617	57	preferred	preferred	ADJ
cblr-3021	617	58	return	return	NOUN
cblr-3021	617	59	when	when	SCONJ
cblr-3021	617	60	the	the	DET
cblr-3021	617	61	funds	fund	NOUN
cblr-3021	617	62	generate	generate	VERB
cblr-3021	617	63	profits	profit	NOUN
cblr-3021	617	64	.	.	PUNCT
cblr-3021	618	1	thus	thus	ADV
cblr-3021	618	2	,	,	PUNCT
cblr-3021	618	3	like	like	ADP
cblr-3021	618	4	any	any	DET
cblr-3021	618	5	leveraged	leveraged	ADJ
cblr-3021	618	6	portfolio	portfolio	NOUN
cblr-3021	618	7	,	,	PUNCT
cblr-3021	618	8	the	the	DET
cblr-3021	618	9	government	government	NOUN
cblr-3021	618	10	's	's	PART
cblr-3021	618	11	investments	investment	NOUN
cblr-3021	618	12	and	and	CCONJ
cblr-3021	618	13	appropriations	appropriation	NOUN
cblr-3021	618	14	lose	lose	VERB
cblr-3021	618	15	money	money	NOUN
cblr-3021	618	16	faster	fast	ADV
cblr-3021	618	17	when	when	SCONJ
cblr-3021	618	18	the	the	DET
cblr-3021	618	19	markets	market	NOUN
cblr-3021	618	20	decline	decline	VERB
cblr-3021	618	21	.	.	PUNCT
cblr-3021	619	1	...	...	PUNCT
cblr-3021	620	1	prior	prior	ADV
cblr-3021	620	2	to	to	ADP
cblr-3021	620	3	the	the	DET
cblr-3021	620	4	act	act	NOUN
cblr-3021	620	5	,	,	PUNCT
cblr-3021	620	6	bank	bank	NOUN
cblr-3021	620	7	affiliated	affiliate	VERB
cblr-3021	620	8	venture	venture	NOUN
cblr-3021	620	9	capital	capital	NOUN
cblr-3021	620	10	units	unit	NOUN
cblr-3021	620	11	could	could	AUX
cblr-3021	620	12	only	only	ADV
cblr-3021	620	13	invest	invest	VERB
cblr-3021	620	14	in	in	ADP
cblr-3021	620	15	up	up	ADP
cblr-3021	620	16	to	to	PART
cblr-3021	620	17	5	5	NUM
cblr-3021	620	18	%	%	NOUN
cblr-3021	620	19	of	of	ADP
cblr-3021	620	20	a	a	DET
cblr-3021	620	21	nonfinancial	nonfinancial	ADJ
cblr-3021	620	22	company	company	NOUN
cblr-3021	620	23	's	's	PART
cblr-3021	620	24	stock	stock	NOUN
cblr-3021	620	25	.	.	PUNCT
cblr-3021	621	1	"	"	PUNCT
cblr-3021	621	2	1	1	NUM
cblr-3021	621	3	see	see	VERB
cblr-3021	621	4	bristow	bristow	PROPN
cblr-3021	621	5	&	&	CCONJ
cblr-3021	621	6	petillon	petillon	PROPN
cblr-3021	621	7	,	,	PUNCT
cblr-3021	621	8	supra	supra	PROPN
cblr-3021	621	9	note	note	NOUN
cblr-3021	621	10	5	5	NUM
cblr-3021	621	11	,	,	PUNCT
cblr-3021	621	12	at	at	ADP
cblr-3021	621	13	432	432	NUM
cblr-3021	621	14	.	.	PUNCT
cblr-3021	622	1	"	"	PUNCT
cblr-3021	622	2	..	..	PUNCT
cblr-3021	622	3	see	see	VERB
cblr-3021	622	4	pricewaterhousecoopers	pricewaterhousecooper	NOUN
cblr-3021	622	5	et	et	PROPN
cblr-3021	622	6	al	al	PROPN
cblr-3021	622	7	.	.	PROPN
cblr-3021	622	8	,	,	PUNCT
cblr-3021	622	9	highlights	highlight	NOUN
cblr-3021	622	10	q1	q1	PROPN
cblr-3021	622	11	2002	2002	NUM
cblr-3021	622	12	,	,	PUNCT
cblr-3021	622	13	moneytree	moneytree	PROPN
cblr-3021	622	14	survey	survey	NOUN
cblr-3021	622	15	,	,	PUNCT
cblr-3021	622	16	at	at	ADP
cblr-3021	622	17	http://www.pwcmoneytree.com/finance.asp?year=	http://www.pwcmoneytree.com/finance.asp?year=	ADJ
cblr-3021	622	18	2002&qtr	2002&qtr	NUM
cblr-3021	622	19	=	=	SYM
cblr-3021	622	20	l	l	NOUN
cblr-3021	622	21	(	(	PUNCT
cblr-3021	622	22	last	last	ADJ
cblr-3021	622	23	visited	visit	VERB
cblr-3021	622	24	may	may	PROPN
cblr-3021	622	25	28	28	NUM
cblr-3021	622	26	,	,	PUNCT
cblr-3021	622	27	2002	2002	NUM
cblr-3021	622	28	)	)	PUNCT
cblr-3021	622	29	.	.	PUNCT
cblr-3021	623	1	140	140	NUM
cblr-3021	623	2	this	this	DET
cblr-3021	623	3	program	program	NOUN
cblr-3021	623	4	was	be	AUX
cblr-3021	623	5	a	a	DET
cblr-3021	623	6	little	little	ADV
cblr-3021	623	7	-	-	PUNCT
cblr-3021	623	8	noticed	notice	VERB
cblr-3021	623	9	part	part	NOUN
cblr-3021	623	10	of	of	ADP
cblr-3021	623	11	the	the	DET
cblr-3021	623	12	immigration	immigration	NOUN
cblr-3021	623	13	reform	reform	PROPN
cblr-3021	623	14	act	act	PROPN
cblr-3021	623	15	signed	sign	VERB
cblr-3021	623	16	into	into	ADP
cblr-3021	623	17	law	law	NOUN
cblr-3021	623	18	by	by	ADP
cblr-3021	623	19	president	president	PROPN
cblr-3021	623	20	george	george	PROPN
cblr-3021	623	21	bush	bush	PROPN
cblr-3021	623	22	on	on	ADP
cblr-3021	623	23	november	november	PROPN
cblr-3021	623	24	29	29	NUM
cblr-3021	623	25	,	,	PUNCT
cblr-3021	623	26	1990	1990	NUM
cblr-3021	623	27	.	.	PUNCT
cblr-3021	624	1	141	141	NUM
cblr-3021	624	2	see	see	VERB
cblr-3021	624	3	walter	walter	PROPN
cblr-3021	624	4	f.	f.	PROPN
cblr-3021	624	5	roche	roche	PROPN
cblr-3021	624	6	&	&	CCONJ
cblr-3021	624	7	gary	gary	PROPN
cblr-3021	624	8	cohn	cohn	PROPN
cblr-3021	624	9	,	,	PUNCT
cblr-3021	624	10	ins	ins	PROPN
cblr-3021	624	11	insiders	insider	NOUN
cblr-3021	624	12	profit	profit	NOUN
cblr-3021	624	13	on	on	ADP
cblr-3021	624	14	immigrant	immigrant	ADJ
cblr-3021	624	15	dreams	dream	NOUN
cblr-3021	624	16	,	,	PUNCT
cblr-3021	624	17	baltimore	baltimore	PROPN
cblr-3021	624	18	sun	sun	PROPN
cblr-3021	624	19	,	,	PUNCT
cblr-3021	624	20	feb	feb	PROPN
cblr-3021	624	21	.	.	PROPN
cblr-3021	624	22	20	20	NUM
cblr-3021	624	23	,	,	PUNCT
cblr-3021	624	24	2000	2000	NUM
cblr-3021	624	25	,	,	PUNCT
cblr-3021	624	26	at	at	ADP
cblr-3021	624	27	1a	1a	NUM
cblr-3021	624	28	,	,	PUNCT
cblr-3021	624	29	available	available	ADJ
cblr-3021	624	30	at	at	ADP
cblr-3021	624	31	2000	2000	NUM
cblr-3021	624	32	wl	wl	NOUN
cblr-3021	624	33	48597311	48597311	NUM
cblr-3021	624	34	;	;	PUNCT
cblr-3021	624	35	see	see	VERB
cblr-3021	624	36	also	also	ADV
cblr-3021	624	37	andrew	andrew	PROPN
cblr-3021	624	38	blake	blake	PROPN
cblr-3021	624	39	&	&	CCONJ
cblr-3021	624	40	john	john	PROPN
cblr-3021	624	41	h.	h.	PROPN
cblr-3021	624	42	kennedy	kennedy	PROPN
cblr-3021	624	43	,	,	PUNCT
cblr-3021	624	44	citizenship	citizenship	NOUN
cblr-3021	624	45	for	for	ADP
cblr-3021	624	46	only	only	ADV
cblr-3021	624	47	$	$	SYM
cblr-3021	624	48	1	1	NUM
cblr-3021	624	49	million	million	NUM
cblr-3021	624	50	,	,	PUNCT
cblr-3021	624	51	austin	austin	PROPN
cblr-3021	624	52	am.-statesman	am.-statesman	PROPN
cblr-3021	624	53	,	,	PUNCT
cblr-3021	624	54	sept	sept	PROPN
cblr-3021	624	55	.	.	PROPN
cblr-3021	624	56	22	22	NUM
cblr-3021	624	57	,	,	PUNCT
cblr-3021	624	58	1991	1991	NUM
cblr-3021	624	59	,	,	PUNCT
cblr-3021	624	60	at	at	ADP
cblr-3021	624	61	no	no	NOUN
cblr-3021	624	62	.	.	PUNCT
cblr-3021	625	1	1:77	1:77	NUM
cblr-3021	625	2	]	]	X
cblr-3021	625	3	columbia	columbia	PROPN
cblr-3021	625	4	business	business	PROPN
cblr-3021	625	5	law	law	PROPN
cblr-3021	625	6	review	review	VERB
cblr-3021	625	7	the	the	DET
cblr-3021	625	8	sizable	sizable	ADJ
cblr-3021	625	9	investment	investment	NOUN
cblr-3021	625	10	levels	level	NOUN
cblr-3021	625	11	of	of	ADP
cblr-3021	625	12	similar	similar	ADJ
cblr-3021	625	13	programs	program	NOUN
cblr-3021	625	14	in	in	ADP
cblr-3021	625	15	canada	canada	PROPN
cblr-3021	625	16	and	and	CCONJ
cblr-3021	625	17	australia	australia	PROPN
cblr-3021	625	18	,	,	PUNCT
cblr-3021	625	19	with	with	ADP
cblr-3021	625	20	only	only	ADV
cblr-3021	625	21	3,547	3,547	NUM
cblr-3021	625	22	petitions	petition	NOUN
cblr-3021	625	23	granted	grant	VERB
cblr-3021	625	24	to	to	ADP
cblr-3021	625	25	date	date	NOUN
cblr-3021	625	26	(	(	PUNCT
cblr-3021	625	27	onefourth	onefourth	VERB
cblr-3021	625	28	the	the	DET
cblr-3021	625	29	amount	amount	NOUN
cblr-3021	625	30	of	of	ADP
cblr-3021	625	31	the	the	DET
cblr-3021	625	32	canadian	canadian	ADJ
cblr-3021	625	33	program).42	program).42	NOUN
cblr-3021	625	34	bureaucratic	bureaucratic	ADJ
cblr-3021	625	35	confusion	confusion	NOUN
cblr-3021	625	36	and	and	CCONJ
cblr-3021	625	37	corruption	corruption	NOUN
cblr-3021	625	38	has	have	AUX
cblr-3021	625	39	plagued	plague	VERB
cblr-3021	625	40	the	the	DET
cblr-3021	625	41	program	program	NOUN
cblr-3021	625	42	,	,	PUNCT
cblr-3021	625	43	leaving	leave	VERB
cblr-3021	625	44	immigrants	immigrant	NOUN
cblr-3021	625	45	without	without	ADP
cblr-3021	625	46	visas143	visas143	PROPN
cblr-3021	625	47	and	and	CCONJ
cblr-3021	625	48	companies	company	NOUN
cblr-3021	625	49	without	without	ADP
cblr-3021	625	50	the	the	DET
cblr-3021	625	51	capital	capital	NOUN
cblr-3021	625	52	that	that	PRON
cblr-3021	625	53	they	they	PRON
cblr-3021	625	54	were	be	AUX
cblr-3021	625	55	promised	promise	VERB
cblr-3021	625	56	.	.	PUNCT
cblr-3021	626	1	coupled	couple	VERB
cblr-3021	626	2	with	with	ADP
cblr-3021	626	3	public	public	ADJ
cblr-3021	626	4	distaste	distaste	NOUN
cblr-3021	626	5	for	for	ADP
cblr-3021	626	6	the	the	DET
cblr-3021	626	7	concept	concept	NOUN
cblr-3021	626	8	of	of	ADP
cblr-3021	626	9	purchasing	purchase	VERB
cblr-3021	626	10	citizenship	citizenship	NOUN
cblr-3021	626	11	,	,	PUNCT
cblr-3021	626	12	the	the	DET
cblr-3021	626	13	program	program	NOUN
cblr-3021	626	14	has	have	AUX
cblr-3021	626	15	been	be	AUX
cblr-3021	626	16	nothing	nothing	PRON
cblr-3021	626	17	short	short	ADJ
cblr-3021	626	18	of	of	ADP
cblr-3021	626	19	a	a	DET
cblr-3021	626	20	disaster	disaster	NOUN
cblr-3021	626	21	,	,	PUNCT
cblr-3021	626	22	coming	come	VERB
cblr-3021	626	23	nowhere	nowhere	ADV
cblr-3021	626	24	close	close	ADV
cblr-3021	626	25	to	to	ADP
cblr-3021	626	26	providing	provide	VERB
cblr-3021	626	27	the	the	DET
cblr-3021	626	28	$	$	SYM
cblr-3021	626	29	8	8	NUM
cblr-3021	626	30	billion	billion	NUM
cblr-3021	626	31	annually	annually	ADV
cblr-3021	626	32	and	and	CCONJ
cblr-3021	626	33	100,000	100,000	NUM
cblr-3021	626	34	new	new	ADJ
cblr-3021	626	35	jobs	job	NOUN
cblr-3021	626	36	for	for	ADP
cblr-3021	626	37	american	american	ADJ
cblr-3021	626	38	businesses	business	NOUN
cblr-3021	626	39	as	as	ADV
cblr-3021	626	40	originally	originally	ADV
cblr-3021	626	41	intended	intend	VERB
cblr-3021	626	42	.	.	PUNCT
cblr-3021	627	1	145	145	NUM
cblr-3021	627	2	the	the	DET
cblr-3021	627	3	similar	similar	ADJ
cblr-3021	627	4	program	program	NOUN
cblr-3021	627	5	in	in	ADP
cblr-3021	627	6	canada	canada	PROPN
cblr-3021	627	7	,	,	PUNCT
cblr-3021	627	8	which	which	PRON
cblr-3021	627	9	is	be	AUX
cblr-3021	627	10	much	much	ADV
cblr-3021	627	11	more	more	ADV
cblr-3021	627	12	extensive	extensive	ADJ
cblr-3021	627	13	,	,	PUNCT
cblr-3021	627	14	also	also	ADV
cblr-3021	627	15	is	be	AUX
cblr-3021	627	16	on	on	ADP
cblr-3021	627	17	the	the	DET
cblr-3021	627	18	verge	verge	NOUN
cblr-3021	627	19	of	of	ADP
cblr-3021	627	20	failure	failure	NOUN
cblr-3021	627	21	because	because	SCONJ
cblr-3021	627	22	of	of	ADP
cblr-3021	627	23	corruption	corruption	NOUN
cblr-3021	627	24	and	and	CCONJ
cblr-3021	627	25	public	public	ADJ
cblr-3021	627	26	outrage	outrage	NOUN
cblr-3021	627	27	over	over	ADP
cblr-3021	627	28	fraud	fraud	NOUN
cblr-3021	627	29	and	and	CCONJ
cblr-3021	627	30	other	other	ADJ
cblr-3021	627	31	improprieties.146	improprieties.146	PROPN
cblr-3021	627	32	g.	g.	PROPN
cblr-3021	627	33	new	new	ADJ
cblr-3021	627	34	private	private	ADJ
cblr-3021	627	35	institutions	institution	NOUN
cblr-3021	627	36	:	:	PUNCT
cblr-3021	627	37	law	law	NOUN
cblr-3021	627	38	and	and	CCONJ
cblr-3021	627	39	management	management	NOUN
cblr-3021	627	40	consulting	consulting	NOUN
cblr-3021	627	41	firms	firm	NOUN
cblr-3021	627	42	a	a	DET
cblr-3021	627	43	notable	notable	ADJ
cblr-3021	627	44	trend	trend	NOUN
cblr-3021	627	45	in	in	ADP
cblr-3021	627	46	capital	capital	NOUN
cblr-3021	627	47	formation	formation	NOUN
cblr-3021	627	48	has	have	AUX
cblr-3021	627	49	been	be	AUX
cblr-3021	627	50	law	law	NOUN
cblr-3021	627	51	and	and	CCONJ
cblr-3021	627	52	management	management	NOUN
cblr-3021	627	53	consulting	consulting	NOUN
cblr-3021	627	54	firms	firm	NOUN
cblr-3021	627	55	investing	invest	VERB
cblr-3021	627	56	in	in	ADP
cblr-3021	627	57	their	their	PRON
cblr-3021	627	58	clients	client	NOUN
cblr-3021	627	59	.	.	PUNCT
cblr-3021	628	1	the	the	DET
cblr-3021	628	2	phenomenon	phenomenon	NOUN
cblr-3021	628	3	became	became	AUX
cblr-3021	628	4	popularized	popularize	VERB
cblr-3021	628	5	among	among	ADP
cblr-3021	628	6	silicon	silicon	NOUN
cblr-3021	628	7	valley	valley	NOUN
cblr-3021	628	8	law	law	NOUN
cblr-3021	628	9	c4	c4	NOUN
cblr-3021	628	10	,	,	PUNCT
cblr-3021	628	11	available	available	ADJ
cblr-3021	628	12	at	at	ADP
cblr-3021	628	13	1991	1991	NUM
cblr-3021	628	14	wl	wl	NOUN
cblr-3021	628	15	4326225	4326225	NUM
cblr-3021	628	16	(	(	PUNCT
cblr-3021	628	17	describing	describe	VERB
cblr-3021	628	18	the	the	DET
cblr-3021	628	19	program	program	NOUN
cblr-3021	628	20	at	at	ADP
cblr-3021	628	21	the	the	DET
cblr-3021	628	22	time	time	NOUN
cblr-3021	628	23	it	it	PRON
cblr-3021	628	24	was	be	AUX
cblr-3021	628	25	proposed	propose	VERB
cblr-3021	628	26	)	)	PUNCT
cblr-3021	628	27	.	.	PUNCT
cblr-3021	629	1	142	142	NUM
cblr-3021	629	2	roche	roche	PROPN
cblr-3021	629	3	&	&	CCONJ
cblr-3021	629	4	cohn	cohn	PROPN
cblr-3021	629	5	,	,	PUNCT
cblr-3021	629	6	supra	supra	PROPN
cblr-3021	629	7	note	note	NOUN
cblr-3021	629	8	141	141	NUM
cblr-3021	629	9	.	.	PUNCT
cblr-3021	630	1	at	at	ADP
cblr-3021	630	2	the	the	DET
cblr-3021	630	3	time	time	NOUN
cblr-3021	630	4	of	of	ADP
cblr-3021	630	5	the	the	DET
cblr-3021	630	6	passage	passage	NOUN
cblr-3021	630	7	of	of	ADP
cblr-3021	630	8	the	the	DET
cblr-3021	630	9	immigration	immigration	NOUN
cblr-3021	630	10	reform	reform	PROPN
cblr-3021	630	11	act	act	PROPN
cblr-3021	630	12	,	,	PUNCT
cblr-3021	630	13	the	the	DET
cblr-3021	630	14	canadian	canadian	ADJ
cblr-3021	630	15	program	program	NOUN
cblr-3021	630	16	already	already	ADV
cblr-3021	630	17	had	have	AUX
cblr-3021	630	18	attracted	attract	VERB
cblr-3021	630	19	12,074	12,074	NUM
cblr-3021	630	20	business	business	NOUN
cblr-3021	630	21	immigrants	immigrant	NOUN
cblr-3021	630	22	in	in	ADP
cblr-3021	630	23	five	five	NUM
cblr-3021	630	24	years	year	NOUN
cblr-3021	630	25	.	.	PUNCT
cblr-3021	631	1	see	see	VERB
cblr-3021	631	2	blake	blake	PROPN
cblr-3021	631	3	&	&	CCONJ
cblr-3021	631	4	kennedy	kennedy	PROPN
cblr-3021	631	5	,	,	PUNCT
cblr-3021	631	6	supra	supra	PROPN
cblr-3021	631	7	note	note	NOUN
cblr-3021	631	8	141	141	NUM
cblr-3021	631	9	.	.	PUNCT
cblr-3021	631	10	"	"	PUNCT
cblr-3021	632	1	some	some	DET
cblr-3021	632	2	immigrants	immigrant	NOUN
cblr-3021	632	3	have	have	AUX
cblr-3021	632	4	invested	invest	VERB
cblr-3021	632	5	their	their	PRON
cblr-3021	632	6	money	money	NOUN
cblr-3021	632	7	,	,	PUNCT
cblr-3021	632	8	only	only	ADV
cblr-3021	632	9	to	to	PART
cblr-3021	632	10	be	be	AUX
cblr-3021	632	11	deported	deport	VERB
cblr-3021	632	12	.	.	PUNCT
cblr-3021	633	1	see	see	VERB
cblr-3021	633	2	roche	roche	PROPN
cblr-3021	633	3	&	&	CCONJ
cblr-3021	633	4	cohn	cohn	PROPN
cblr-3021	633	5	,	,	PUNCT
cblr-3021	633	6	supra	supra	PROPN
cblr-3021	633	7	note	note	NOUN
cblr-3021	633	8	141	141	NUM
cblr-3021	633	9	.	.	NOUN
cblr-3021	633	10	1	1	NUM
cblr-3021	633	11	"	"	PUNCT
cblr-3021	633	12	see	see	VERB
cblr-3021	633	13	i	i	PROPN
cblr-3021	633	14	d.	d.	PROPN
cblr-3021	633	15	(	(	PUNCT
cblr-3021	633	16	describing	describe	VERB
cblr-3021	633	17	how	how	SCONJ
cblr-3021	633	18	a	a	DET
cblr-3021	633	19	number	number	NOUN
cblr-3021	633	20	of	of	ADP
cblr-3021	633	21	businesses	business	NOUN
cblr-3021	633	22	have	have	AUX
cblr-3021	633	23	failed	fail	VERB
cblr-3021	633	24	because	because	SCONJ
cblr-3021	633	25	the	the	DET
cblr-3021	633	26	capital	capital	NOUN
cblr-3021	633	27	that	that	PRON
cblr-3021	633	28	the	the	DET
cblr-3021	633	29	government	government	NOUN
cblr-3021	633	30	promised	promise	VERB
cblr-3021	633	31	them	they	PRON
cblr-3021	633	32	either	either	PRON
cblr-3021	633	33	never	never	ADV
cblr-3021	633	34	arrived	arrive	VERB
cblr-3021	633	35	or	or	CCONJ
cblr-3021	633	36	was	be	AUX
cblr-3021	633	37	much	much	ADV
cblr-3021	633	38	smaller	small	ADJ
cblr-3021	633	39	than	than	ADP
cblr-3021	633	40	anticipated	anticipated	ADJ
cblr-3021	633	41	)	)	PUNCT
cblr-3021	633	42	.	.	PUNCT
cblr-3021	634	1	141	141	NUM
cblr-3021	634	2	see	see	VERB
cblr-3021	634	3	i	i	PROPN
cblr-3021	634	4	d.	d.	PROPN
cblr-3021	634	5	(	(	PUNCT
cblr-3021	634	6	noting	note	VERB
cblr-3021	634	7	sen	sen	PROPN
cblr-3021	634	8	.	.	PROPN
cblr-3021	634	9	paul	paul	PROPN
cblr-3021	634	10	simons	simons	PROPN
cblr-3021	634	11	'	'	PART
cblr-3021	634	12	support	support	NOUN
cblr-3021	634	13	for	for	ADP
cblr-3021	634	14	the	the	DET
cblr-3021	634	15	program	program	NOUN
cblr-3021	634	16	during	during	ADP
cblr-3021	634	17	a	a	DET
cblr-3021	634	18	1986	1986	NUM
cblr-3021	634	19	senate	senate	PROPN
cblr-3021	634	20	debate	debate	NOUN
cblr-3021	634	21	)	)	PUNCT
cblr-3021	634	22	.	.	PUNCT
cblr-3021	635	1	141	141	NUM
cblr-3021	635	2	see	see	VERB
cblr-3021	635	3	terence	terence	PROPN
cblr-3021	635	4	moore	moore	PROPN
cblr-3021	635	5	,	,	PUNCT
cblr-3021	635	6	citizenship	citizenship	NOUN
cblr-3021	635	7	for	for	ADP
cblr-3021	635	8	sale	sale	NOUN
cblr-3021	635	9	,	,	PUNCT
cblr-3021	635	10	winnipeg	winnipeg	PROPN
cblr-3021	635	11	free	free	PROPN
cblr-3021	635	12	press	press	PROPN
cblr-3021	635	13	,	,	PUNCT
cblr-3021	635	14	sept	sept	PROPN
cblr-3021	635	15	.	.	PROPN
cblr-3021	635	16	16	16	NUM
cblr-3021	635	17	,	,	PUNCT
cblr-3021	635	18	1999	1999	NUM
cblr-3021	635	19	,	,	PUNCT
cblr-3021	635	20	at	at	ADP
cblr-3021	635	21	a12	a12	NOUN
cblr-3021	635	22	,	,	PUNCT
cblr-3021	635	23	available	available	ADJ
cblr-3021	635	24	at	at	ADP
cblr-3021	635	25	1999	1999	NUM
cblr-3021	635	26	wl	wl	NOUN
cblr-3021	635	27	25318564	25318564	NUM
cblr-3021	635	28	;	;	PUNCT
cblr-3021	635	29	see	see	VERB
cblr-3021	635	30	also	also	ADV
cblr-3021	635	31	andrew	andrew	PROPN
cblr-3021	635	32	mitrovica	mitrovica	PROPN
cblr-3021	635	33	,	,	PUNCT
cblr-3021	635	34	immigrant	immigrant	ADJ
cblr-3021	635	35	investor	investor	NOUN
cblr-3021	635	36	plan	plan	NOUN
cblr-3021	635	37	denounced	denounce	VERB
cblr-3021	635	38	as	as	ADP
cblr-3021	635	39	'	'	PUNCT
cblr-3021	635	40	massive	massive	ADJ
cblr-3021	635	41	sham	sham	NOUN
cblr-3021	635	42	,	,	PUNCT
cblr-3021	635	43	'	'	PUNCT
cblr-3021	635	44	globe	globe	NOUN
cblr-3021	635	45	&	&	CCONJ
cblr-3021	635	46	mail	mail	PROPN
cblr-3021	635	47	,	,	PUNCT
cblr-3021	635	48	sept	sept	PROPN
cblr-3021	635	49	.	.	PROPN
cblr-3021	635	50	15	15	NUM
cblr-3021	635	51	,	,	PUNCT
cblr-3021	635	52	1999	1999	NUM
cblr-3021	635	53	,	,	PUNCT
cblr-3021	635	54	at	at	ADP
cblr-3021	635	55	al	al	PROPN
cblr-3021	635	56	(	(	PUNCT
cblr-3021	635	57	describing	describe	VERB
cblr-3021	635	58	how	how	SCONJ
cblr-3021	635	59	auditors	auditor	NOUN
cblr-3021	635	60	have	have	AUX
cblr-3021	635	61	uncovered	uncover	VERB
cblr-3021	635	62	widespread	widespread	ADJ
cblr-3021	635	63	fraud	fraud	NOUN
cblr-3021	635	64	in	in	ADP
cblr-3021	635	65	the	the	DET
cblr-3021	635	66	program	program	NOUN
cblr-3021	635	67	)	)	PUNCT
cblr-3021	635	68	.	.	PUNCT
cblr-3021	636	1	[	[	X
cblr-3021	636	2	vol	vol	NOUN
cblr-3021	636	3	.	.	PUNCT
cblr-3021	636	4	2004	2004	NUM
cblr-3021	636	5	venture	venture	NOUN
cblr-3021	636	6	capital	capital	NOUN
cblr-3021	636	7	formation	formation	NOUN
cblr-3021	636	8	and	and	CCONJ
cblr-3021	636	9	access	access	NOUN
cblr-3021	636	10	firms	firm	NOUN
cblr-3021	636	11	and	and	CCONJ
cblr-3021	636	12	now	now	ADV
cblr-3021	636	13	has	have	AUX
cblr-3021	636	14	spread	spread	VERB
cblr-3021	636	15	to	to	ADP
cblr-3021	636	16	consulting	consulting	NOUN
cblr-3021	636	17	firms	firm	NOUN
cblr-3021	636	18	.	.	PUNCT
cblr-3021	637	1	4	4	NUM
cblr-3021	637	2	"	"	PUNCT
cblr-3021	637	3	firms	firm	NOUN
cblr-3021	637	4	not	not	PART
cblr-3021	637	5	only	only	ADV
cblr-3021	637	6	are	be	AUX
cblr-3021	637	7	obtaining	obtain	VERB
cblr-3021	637	8	equity	equity	NOUN
cblr-3021	637	9	positions	position	NOUN
cblr-3021	637	10	in	in	ADP
cblr-3021	637	11	clients	client	NOUN
cblr-3021	637	12	but	but	CCONJ
cblr-3021	637	13	also	also	ADV
cblr-3021	637	14	are	be	AUX
cblr-3021	637	15	evolving	evolve	VERB
cblr-3021	637	16	their	their	PRON
cblr-3021	637	17	services	service	NOUN
cblr-3021	637	18	to	to	PART
cblr-3021	637	19	become	become	VERB
cblr-3021	637	20	more	more	ADV
cblr-3021	637	21	similar	similar	ADJ
cblr-3021	637	22	to	to	ADP
cblr-3021	637	23	venture	venture	VERB
cblr-3021	637	24	capital	capital	NOUN
cblr-3021	637	25	funds	fund	NOUN
cblr-3021	637	26	and	and	CCONJ
cblr-3021	637	27	incubators	incubator	NOUN
cblr-3021	637	28	.	.	PUNCT
cblr-3021	638	1	14	14	NUM
cblr-3021	638	2	the	the	DET
cblr-3021	638	3	lucrative	lucrative	ADJ
cblr-3021	638	4	nature	nature	NOUN
cblr-3021	638	5	of	of	ADP
cblr-3021	638	6	venture	venture	NOUN
cblr-3021	638	7	investing	investing	NOUN
cblr-3021	638	8	has	have	AUX
cblr-3021	638	9	propelled	propel	VERB
cblr-3021	638	10	this	this	DET
cblr-3021	638	11	growth	growth	NOUN
cblr-3021	638	12	,	,	PUNCT
cblr-3021	638	13	as	as	ADP
cblr-3021	638	14	quality	quality	NOUN
cblr-3021	638	15	startups	startup	NOUN
cblr-3021	638	16	hunger	hunger	NOUN
cblr-3021	638	17	for	for	ADP
cblr-3021	638	18	cash	cash	NOUN
cblr-3021	638	19	and	and	CCONJ
cblr-3021	638	20	for	for	ADP
cblr-3021	638	21	value	value	NOUN
cblr-3021	638	22	-	-	PUNCT
cblr-3021	638	23	added	add	VERB
cblr-3021	638	24	services	service	NOUN
cblr-3021	638	25	such	such	ADJ
cblr-3021	638	26	as	as	ADP
cblr-3021	638	27	legal	legal	ADJ
cblr-3021	638	28	representation	representation	NOUN
cblr-3021	638	29	and	and	CCONJ
cblr-3021	638	30	management	management	NOUN
cblr-3021	638	31	consulting	consulting	NOUN
cblr-3021	638	32	.	.	PUNCT
cblr-3021	639	1	thus	thus	ADV
cblr-3021	639	2	,	,	PUNCT
cblr-3021	639	3	traditional	traditional	ADJ
cblr-3021	639	4	private	private	ADJ
cblr-3021	639	5	institutions	institution	NOUN
cblr-3021	639	6	may	may	AUX
cblr-3021	639	7	be	be	AUX
cblr-3021	639	8	finding	find	VERB
cblr-3021	639	9	a	a	DET
cblr-3021	639	10	way	way	NOUN
cblr-3021	639	11	to	to	PART
cblr-3021	639	12	meet	meet	VERB
cblr-3021	639	13	the	the	DET
cblr-3021	639	14	huge	huge	ADJ
cblr-3021	639	15	appetite	appetite	NOUN
cblr-3021	639	16	for	for	ADP
cblr-3021	639	17	capital	capital	NOUN
cblr-3021	639	18	.	.	PUNCT
cblr-3021	640	1	this	this	DET
cblr-3021	640	2	trend	trend	NOUN
cblr-3021	640	3	also	also	ADV
cblr-3021	640	4	may	may	AUX
cblr-3021	640	5	mitigate	mitigate	VERB
cblr-3021	640	6	the	the	DET
cblr-3021	640	7	problem	problem	NOUN
cblr-3021	640	8	of	of	ADP
cblr-3021	640	9	asymmetric	asymmetric	ADJ
cblr-3021	640	10	information	information	NOUN
cblr-3021	640	11	facing	face	VERB
cblr-3021	640	12	entrepreneurs	entrepreneur	NOUN
cblr-3021	640	13	,	,	PUNCT
cblr-3021	640	14	because	because	SCONJ
cblr-3021	640	15	attorneys	attorney	NOUN
cblr-3021	640	16	and	and	CCONJ
cblr-3021	640	17	consultants	consultant	NOUN
cblr-3021	640	18	are	be	AUX
cblr-3021	640	19	in	in	ADP
cblr-3021	640	20	a	a	DET
cblr-3021	640	21	favorable	favorable	ADJ
cblr-3021	640	22	position	position	NOUN
cblr-3021	640	23	to	to	PART
cblr-3021	640	24	recognize	recognize	VERB
cblr-3021	640	25	the	the	DET
cblr-3021	640	26	value	value	NOUN
cblr-3021	640	27	of	of	ADP
cblr-3021	640	28	their	their	PRON
cblr-3021	640	29	clients	client	NOUN
cblr-3021	640	30	.	.	PUNCT
cblr-3021	641	1	nonetheless	nonetheless	ADV
cblr-3021	641	2	,	,	PUNCT
cblr-3021	641	3	the	the	DET
cblr-3021	641	4	size	size	NOUN
cblr-3021	641	5	of	of	ADP
cblr-3021	641	6	these	these	DET
cblr-3021	641	7	investments	investment	NOUN
cblr-3021	641	8	remains	remain	VERB
cblr-3021	641	9	small	small	ADJ
cblr-3021	641	10	,	,	PUNCT
cblr-3021	641	11	on	on	ADP
cblr-3021	641	12	par	par	NOUN
cblr-3021	641	13	with	with	ADP
cblr-3021	641	14	those	those	PRON
cblr-3021	641	15	of	of	ADP
cblr-3021	641	16	angel	angel	NOUN
cblr-3021	641	17	investors	investor	NOUN
cblr-3021	641	18	and	and	CCONJ
cblr-3021	641	19	seed	seed	NOUN
cblr-3021	641	20	capital	capital	NOUN
cblr-3021	641	21	.	.	PUNCT
cblr-3021	642	1	furthermore	furthermore	ADV
cblr-3021	642	2	,	,	PUNCT
cblr-3021	642	3	these	these	DET
cblr-3021	642	4	firms	firm	NOUN
cblr-3021	642	5	may	may	AUX
cblr-3021	642	6	become	become	VERB
cblr-3021	642	7	more	more	ADJ
cblr-3021	642	8	risk	risk	NOUN
cblr-3021	642	9	averse	averse	ADJ
cblr-3021	642	10	,	,	PUNCT
cblr-3021	642	11	given	give	VERB
cblr-3021	642	12	the	the	DET
cblr-3021	642	13	recent	recent	ADJ
cblr-3021	642	14	market	market	NOUN
cblr-3021	642	15	downturn	downturn	NOUN
cblr-3021	642	16	.	.	PUNCT
cblr-3021	643	1	h.	h.	NOUN
cblr-3021	643	2	incubators	incubator	NOUN
cblr-3021	643	3	in	in	ADP
cblr-3021	643	4	early	early	ADJ
cblr-3021	643	5	2000	2000	NUM
cblr-3021	643	6	,	,	PUNCT
cblr-3021	643	7	the	the	DET
cblr-3021	643	8	popular	popular	ADJ
cblr-3021	643	9	internet	internet	NOUN
cblr-3021	643	10	magazine	magazine	NOUN
cblr-3021	643	11	red	red	PROPN
cblr-3021	643	12	herring	herring	PROPN
cblr-3021	643	13	noted	note	VERB
cblr-3021	643	14	that	that	SCONJ
cblr-3021	643	15	"	"	PUNCT
cblr-3021	643	16	the	the	DET
cblr-3021	643	17	internet	internet	NOUN
cblr-3021	643	18	has	have	AUX
cblr-3021	643	19	begun	begin	VERB
cblr-3021	643	20	to	to	PART
cblr-3021	643	21	bridge	bridge	VERB
cblr-3021	643	22	the	the	DET
cblr-3021	643	23	considerable	considerable	ADJ
cblr-3021	643	24	gap	gap	NOUN
cblr-3021	643	25	between	between	ADP
cblr-3021	643	26	the	the	DET
cblr-3021	643	27	supply	supply	NOUN
cblr-3021	643	28	and	and	CCONJ
cblr-3021	643	29	demand	demand	NOUN
cblr-3021	643	30	of	of	ADP
cblr-3021	643	31	venture	venture	NOUN
cblr-3021	643	32	capital	capital	NOUN
cblr-3021	643	33	"	"	PUNCT
cblr-3021	643	34	through	through	ADP
cblr-3021	643	35	incubators	incubator	NOUN
cblr-3021	643	36	that	that	PRON
cblr-3021	643	37	match	match	VERB
cblr-3021	643	38	venture	venture	NOUN
cblr-3021	643	39	and	and	CCONJ
cblr-3021	643	40	angel	angel	NOUN
cblr-3021	643	41	investor	investor	NOUN
cblr-3021	643	42	147	147	NUM
cblr-3021	643	43	see	see	VERB
cblr-3021	643	44	generally	generally	ADV
cblr-3021	643	45	peter	peter	PROPN
cblr-3021	643	46	elstrom	elstrom	PROPN
cblr-3021	643	47	,	,	PUNCT
cblr-3021	643	48	everybody	everybody	PRON
cblr-3021	643	49	into	into	ADP
cblr-3021	643	50	the	the	DET
cblr-3021	643	51	pool	pool	NOUN
cblr-3021	643	52	:	:	PUNCT
cblr-3021	643	53	venture	venture	NOUN
cblr-3021	643	54	capital	capital	NOUN
cblr-3021	643	55	is	be	AUX
cblr-3021	643	56	drawing	draw	VERB
cblr-3021	643	57	cash	cash	NOUN
cblr-3021	643	58	everywhere	everywhere	ADV
cblr-3021	643	59	-	-	VERB
cblr-3021	643	60	thanks	thank	NOUN
cblr-3021	643	61	to	to	ADP
cblr-3021	643	62	amazing	amazing	ADJ
cblr-3021	643	63	returns	return	NOUN
cblr-3021	643	64	,	,	PUNCT
cblr-3021	643	65	bus	bus	NOUN
cblr-3021	643	66	.	.	PUNCT
cblr-3021	644	1	wk	wk	INTJ
cblr-3021	644	2	.	.	PROPN
cblr-3021	644	3	,	,	PUNCT
cblr-3021	644	4	july	july	PROPN
cblr-3021	644	5	26	26	NUM
cblr-3021	644	6	,	,	PUNCT
cblr-3021	644	7	1999	1999	NUM
cblr-3021	644	8	,	,	PUNCT
cblr-3021	644	9	at	at	ADP
cblr-3021	644	10	eb58	eb58	PROPN
cblr-3021	644	11	(	(	PUNCT
cblr-3021	644	12	describing	describe	VERB
cblr-3021	644	13	how	how	SCONJ
cblr-3021	644	14	consulting	consulting	NOUN
cblr-3021	644	15	firms	firm	NOUN
cblr-3021	644	16	are	be	AUX
cblr-3021	644	17	starting	start	VERB
cblr-3021	644	18	to	to	PART
cblr-3021	644	19	invest	invest	VERB
cblr-3021	644	20	in	in	ADP
cblr-3021	644	21	clients	client	NOUN
cblr-3021	644	22	)	)	PUNCT
cblr-3021	644	23	;	;	PUNCT
cblr-3021	644	24	d.m	d.m	PROPN
cblr-3021	644	25	.	.	PROPN
cblr-3021	644	26	osborne	osborne	PROPN
cblr-3021	644	27	,	,	PUNCT
cblr-3021	644	28	when	when	SCONJ
cblr-3021	644	29	is	be	AUX
cblr-3021	644	30	a	a	DET
cblr-3021	644	31	law	law	NOUN
cblr-3021	644	32	firm	firm	NOUN
cblr-3021	644	33	not	not	PART
cblr-3021	644	34	a	a	DET
cblr-3021	644	35	law	law	NOUN
cblr-3021	644	36	firm	firm	NOUN
cblr-3021	644	37	?	?	PUNCT
cblr-3021	644	38	,	,	PUNCT
cblr-3021	644	39	inc	inc	PROPN
cblr-3021	644	40	.	.	PROPN
cblr-3021	644	41	,	,	PUNCT
cblr-3021	644	42	may	may	AUX
cblr-3021	644	43	1998	1998	NUM
cblr-3021	644	44	,	,	PUNCT
cblr-3021	644	45	at	at	ADP
cblr-3021	644	46	82	82	NUM
cblr-3021	644	47	(	(	PUNCT
cblr-3021	644	48	describing	describe	VERB
cblr-3021	644	49	the	the	DET
cblr-3021	644	50	operations	operation	NOUN
cblr-3021	644	51	of	of	ADP
cblr-3021	644	52	venture	venture	NOUN
cblr-3021	644	53	law	law	NOUN
cblr-3021	644	54	group	group	NOUN
cblr-3021	644	55	)	)	PUNCT
cblr-3021	644	56	.	.	PUNCT
cblr-3021	645	1	148	148	NUM
cblr-3021	645	2	in	in	ADP
cblr-3021	645	3	law	law	NOUN
cblr-3021	645	4	,	,	PUNCT
cblr-3021	645	5	consider	consider	VERB
cblr-3021	645	6	not	not	PART
cblr-3021	645	7	only	only	ADV
cblr-3021	645	8	venture	venture	NOUN
cblr-3021	645	9	law	law	NOUN
cblr-3021	645	10	group	group	NOUN
cblr-3021	645	11	but	but	CCONJ
cblr-3021	645	12	also	also	ADV
cblr-3021	645	13	other	other	ADJ
cblr-3021	645	14	silicon	silicon	NOUN
cblr-3021	645	15	valley	valley	NOUN
cblr-3021	645	16	-	-	PUNCT
cblr-3021	645	17	based	base	VERB
cblr-3021	645	18	firms	firm	NOUN
cblr-3021	645	19	and	and	CCONJ
cblr-3021	645	20	even	even	ADV
cblr-3021	645	21	more	more	ADV
cblr-3021	645	22	traditional	traditional	ADJ
cblr-3021	645	23	"	"	PUNCT
cblr-3021	645	24	white	white	ADJ
cblr-3021	645	25	shoe	shoe	NOUN
cblr-3021	645	26	"	"	PUNCT
cblr-3021	645	27	firms	firm	NOUN
cblr-3021	645	28	on	on	ADP
cblr-3021	645	29	the	the	DET
cblr-3021	645	30	east	east	PROPN
cblr-3021	645	31	coast	coast	NOUN
cblr-3021	645	32	,	,	PUNCT
cblr-3021	645	33	which	which	PRON
cblr-3021	645	34	now	now	ADV
cblr-3021	645	35	are	be	AUX
cblr-3021	645	36	investing	invest	VERB
cblr-3021	645	37	clients	client	NOUN
cblr-3021	645	38	.	.	PUNCT
cblr-3021	646	1	for	for	ADP
cblr-3021	646	2	a	a	DET
cblr-3021	646	3	good	good	ADJ
cblr-3021	646	4	article	article	NOUN
cblr-3021	646	5	on	on	ADP
cblr-3021	646	6	the	the	DET
cblr-3021	646	7	structure	structure	NOUN
cblr-3021	646	8	and	and	CCONJ
cblr-3021	646	9	ethics	ethic	NOUN
cblr-3021	646	10	of	of	ADP
cblr-3021	646	11	these	these	DET
cblr-3021	646	12	investments	investment	NOUN
cblr-3021	646	13	,	,	PUNCT
cblr-3021	646	14	see	see	VERB
cblr-3021	646	15	gwyenth	gwyenth	PROPN
cblr-3021	646	16	e.	e.	PROPN
cblr-3021	646	17	mcalpine	mcalpine	PROPN
cblr-3021	646	18	,	,	PUNCT
cblr-3021	646	19	getting	get	VERB
cblr-3021	646	20	a	a	DET
cblr-3021	646	21	piece	piece	NOUN
cblr-3021	646	22	of	of	ADP
cblr-3021	646	23	the	the	DET
cblr-3021	646	24	action	action	NOUN
cblr-3021	646	25	:	:	PUNCT
cblr-3021	646	26	should	should	AUX
cblr-3021	646	27	lawyers	lawyer	NOUN
cblr-3021	646	28	be	be	AUX
cblr-3021	646	29	allowed	allow	VERB
cblr-3021	646	30	to	to	PART
cblr-3021	646	31	invest	invest	VERB
cblr-3021	646	32	in	in	ADP
cblr-3021	646	33	their	their	PRON
cblr-3021	646	34	clients	client	NOUN
cblr-3021	646	35	'	'	PART
cblr-3021	646	36	stock	stock	NOUN
cblr-3021	646	37	?	?	PUNCT
cblr-3021	646	38	,	,	PUNCT
cblr-3021	646	39	47	47	NUM
cblr-3021	646	40	ucla	ucla	PROPN
cblr-3021	646	41	l.	l.	PROPN
cblr-3021	646	42	rev	rev	PROPN
cblr-3021	646	43	.	.	PROPN
cblr-3021	646	44	549	549	NUM
cblr-3021	646	45	(	(	PUNCT
cblr-3021	646	46	1999	1999	NUM
cblr-3021	646	47	)	)	PUNCT
cblr-3021	646	48	.	.	PUNCT
cblr-3021	647	1	in	in	ADP
cblr-3021	647	2	management	management	NOUN
cblr-3021	647	3	consulting	consulting	NOUN
cblr-3021	647	4	,	,	PUNCT
cblr-3021	647	5	there	there	PRON
cblr-3021	647	6	is	be	VERB
cblr-3021	647	7	an	an	DET
cblr-3021	647	8	explosion	explosion	NOUN
cblr-3021	647	9	not	not	PART
cblr-3021	647	10	only	only	ADV
cblr-3021	647	11	of	of	ADP
cblr-3021	647	12	e	e	NOUN
cblr-3021	647	13	-	-	ADJ
cblr-3021	647	14	consulting	consulting	ADJ
cblr-3021	647	15	firms	firm	NOUN
cblr-3021	647	16	that	that	PRON
cblr-3021	647	17	focus	focus	VERB
cblr-3021	647	18	on	on	ADP
cblr-3021	647	19	startups	startup	NOUN
cblr-3021	647	20	but	but	CCONJ
cblr-3021	647	21	also	also	ADV
cblr-3021	647	22	of	of	ADP
cblr-3021	647	23	traditional	traditional	ADJ
cblr-3021	647	24	firms	firm	NOUN
cblr-3021	647	25	developing	develop	VERB
cblr-3021	647	26	incubator	incubator	NOUN
cblr-3021	647	27	services	service	NOUN
cblr-3021	647	28	.	.	PUNCT
cblr-3021	648	1	see	see	VERB
cblr-3021	648	2	,	,	PUNCT
cblr-3021	648	3	e.g.	e.g.	ADV
cblr-3021	648	4	,	,	PUNCT
cblr-3021	648	5	bain	bain	PROPN
cblr-3021	648	6	&	&	CCONJ
cblr-3021	648	7	company	company	PROPN
cblr-3021	648	8	,	,	PUNCT
cblr-3021	648	9	bainlab	bainlab	X
cblr-3021	648	10	background	background	NOUN
cblr-3021	648	11	,	,	PUNCT
cblr-3021	648	12	at	at	ADP
cblr-3021	648	13	http://www.bainlab.com	http://www.bainlab.com	X
cblr-3021	648	14	(	(	PUNCT
cblr-3021	648	15	last	last	ADJ
cblr-3021	648	16	visited	visit	VERB
cblr-3021	648	17	feb	feb	PROPN
cblr-3021	648	18	.	.	PROPN
cblr-3021	648	19	4	4	NUM
cblr-3021	648	20	,	,	PUNCT
cblr-3021	648	21	2000	2000	NUM
cblr-3021	648	22	)	)	PUNCT
cblr-3021	648	23	.	.	PUNCT
cblr-3021	649	1	no	no	INTJ
cblr-3021	649	2	.	.	NOUN
cblr-3021	649	3	1:771	1:771	NUM
cblr-3021	649	4	capital	capital	NOUN
cblr-3021	649	5	to	to	ADP
cblr-3021	649	6	entrepreneurs	entrepreneur	NOUN
cblr-3021	649	7	.	.	PUNCT
cblr-3021	649	8	149	149	NUM
cblr-3021	649	9	for	for	ADP
cblr-3021	649	10	a	a	DET
cblr-3021	649	11	fee	fee	NOUN
cblr-3021	649	12	,	,	PUNCT
cblr-3021	649	13	these	these	DET
cblr-3021	649	14	incubators	incubator	NOUN
cblr-3021	649	15	circulate	circulate	VERB
cblr-3021	649	16	business	business	NOUN
cblr-3021	649	17	plans	plan	NOUN
cblr-3021	649	18	among	among	ADP
cblr-3021	649	19	potential	potential	ADJ
cblr-3021	649	20	investors	investor	NOUN
cblr-3021	649	21	,	,	PUNCT
cblr-3021	649	22	who	who	PRON
cblr-3021	649	23	provide	provide	VERB
cblr-3021	649	24	the	the	DET
cblr-3021	649	25	seed	seed	NOUN
cblr-3021	649	26	capital	capital	NOUN
cblr-3021	649	27	critical	critical	ADJ
cblr-3021	649	28	to	to	PART
cblr-3021	649	29	start	start	VERB
cblr-3021	649	30	-	-	PUNCT
cblr-3021	649	31	ups	up	NOUN
cblr-3021	649	32	.	.	PUNCT
cblr-3021	650	1	internet	internet	NOUN
cblr-3021	650	2	incubators	incubator	NOUN
cblr-3021	650	3	,	,	PUNCT
cblr-3021	650	4	such	such	ADJ
cblr-3021	650	5	as	as	ADP
cblr-3021	650	6	garage.com	garage.com	X
cblr-3021	650	7	,	,	PUNCT
cblr-3021	650	8	as	as	ADV
cblr-3021	650	9	well	well	ADV
cblr-3021	650	10	as	as	ADP
cblr-3021	650	11	other	other	ADJ
cblr-3021	650	12	incubators	incubator	NOUN
cblr-3021	650	13	provide	provide	VERB
cblr-3021	650	14	entrepreneurs	entrepreneur	NOUN
cblr-3021	650	15	with	with	ADP
cblr-3021	650	16	smaller	small	ADJ
cblr-3021	650	17	investments	investment	NOUN
cblr-3021	650	18	than	than	ADP
cblr-3021	650	19	traditional	traditional	ADJ
cblr-3021	650	20	venture	venture	NOUN
cblr-3021	650	21	capital	capital	NOUN
cblr-3021	650	22	partnerships	partnership	NOUN
cblr-3021	650	23	.	.	PUNCT
cblr-3021	651	1	in	in	ADP
cblr-3021	651	2	1999	1999	NUM
cblr-3021	651	3	,	,	PUNCT
cblr-3021	651	4	garage.com	garage.com	X
cblr-3021	651	5	and	and	CCONJ
cblr-3021	651	6	dsm.com	dsm.com	NUM
cblr-3021	651	7	(	(	PUNCT
cblr-3021	651	8	now	now	ADV
cblr-3021	651	9	defunct	defunct	ADJ
cblr-3021	651	10	)	)	PUNCT
cblr-3021	651	11	each	each	PRON
cblr-3021	651	12	matched	match	VERB
cblr-3021	651	13	over	over	ADP
cblr-3021	651	14	$	$	SYM
cblr-3021	651	15	100	100	NUM
cblr-3021	651	16	million	million	NUM
cblr-3021	651	17	of	of	ADP
cblr-3021	651	18	venture	venture	NOUN
cblr-3021	651	19	and	and	CCONJ
cblr-3021	651	20	angel	angel	NOUN
cblr-3021	651	21	capital	capital	NOUN
cblr-3021	651	22	-	-	PUNCT
cblr-3021	651	23	and	and	CCONJ
cblr-3021	651	24	these	these	DET
cblr-3021	651	25	companies	company	NOUN
cblr-3021	651	26	were	be	AUX
cblr-3021	651	27	in	in	ADP
cblr-3021	651	28	their	their	PRON
cblr-3021	651	29	first	first	ADJ
cblr-3021	651	30	year	year	NOUN
cblr-3021	651	31	or	or	CCONJ
cblr-3021	651	32	two	two	NUM
cblr-3021	651	33	of	of	ADP
cblr-3021	651	34	operations.150	operations.150	PRON
cblr-3021	651	35	at	at	ADP
cblr-3021	651	36	their	their	PRON
cblr-3021	651	37	peak	peak	NOUN
cblr-3021	651	38	,	,	PUNCT
cblr-3021	651	39	idealab	idealab	NOUN
cblr-3021	651	40	and	and	CCONJ
cblr-3021	651	41	publicly	publicly	ADV
cblr-3021	651	42	-	-	PUNCT
cblr-3021	651	43	traded	trade	VERB
cblr-3021	651	44	cmgi	cmgi	NOUN
cblr-3021	651	45	each	each	PRON
cblr-3021	651	46	provided	provide	VERB
cblr-3021	651	47	$	$	SYM
cblr-3021	651	48	1	1	NUM
cblr-3021	651	49	billion	billion	NUM
cblr-3021	651	50	in	in	ADP
cblr-3021	651	51	capital	capital	NOUN
cblr-3021	651	52	to	to	PART
cblr-3021	651	53	fund	fund	VERB
cblr-3021	651	54	portfolio	portfolio	NOUN
cblr-3021	651	55	companies	company	NOUN
cblr-3021	651	56	.	.	PUNCT
cblr-3021	652	1	5	5	NUM
cblr-3021	652	2	'	'	PUNCT
cblr-3021	652	3	the	the	DET
cblr-3021	652	4	wild	wild	ADJ
cblr-3021	652	5	success	success	NOUN
cblr-3021	652	6	of	of	ADP
cblr-3021	652	7	these	these	DET
cblr-3021	652	8	operations	operation	NOUN
cblr-3021	652	9	turned	turn	VERB
cblr-3021	652	10	sour	sour	ADJ
cblr-3021	652	11	because	because	SCONJ
cblr-3021	652	12	their	their	PRON
cblr-3021	652	13	investments	investment	NOUN
cblr-3021	652	14	only	only	ADV
cblr-3021	652	15	included	include	VERB
cblr-3021	652	16	companies	company	NOUN
cblr-3021	652	17	in	in	ADP
cblr-3021	652	18	the	the	DET
cblr-3021	652	19	collapsing	collapse	VERB
cblr-3021	652	20	internet	internet	NOUN
cblr-3021	652	21	sector.152	sector.152	NOUN
cblr-3021	652	22	prior	prior	ADV
cblr-3021	652	23	to	to	ADP
cblr-3021	652	24	the	the	DET
cblr-3021	652	25	recent	recent	ADJ
cblr-3021	652	26	downturn	downturn	NOUN
cblr-3021	652	27	,	,	PUNCT
cblr-3021	652	28	regulation	regulation	NOUN
cblr-3021	652	29	in	in	ADP
cblr-3021	652	30	this	this	DET
cblr-3021	652	31	area	area	NOUN
cblr-3021	652	32	produced	produce	VERB
cblr-3021	652	33	notable	notable	ADJ
cblr-3021	652	34	friction	friction	NOUN
cblr-3021	652	35	,	,	PUNCT
cblr-3021	652	36	as	as	SCONJ
cblr-3021	652	37	the	the	DET
cblr-3021	652	38	sec	sec	PROPN
cblr-3021	652	39	struggled	struggle	VERB
cblr-3021	652	40	149	149	NUM
cblr-3021	652	41	incubator	incubator	NOUN
cblr-3021	652	42	issue	issue	NOUN
cblr-3021	652	43	,	,	PUNCT
cblr-3021	652	44	red	red	PROPN
cblr-3021	652	45	herring	herring	PROPN
cblr-3021	652	46	,	,	PUNCT
cblr-3021	652	47	feb	feb	PROPN
cblr-3021	652	48	.	.	PROPN
cblr-3021	652	49	16	16	NUM
cblr-3021	652	50	,	,	PUNCT
cblr-3021	652	51	2000	2000	NUM
cblr-3021	652	52	,	,	PUNCT
cblr-3021	652	53	at	at	ADP
cblr-3021	652	54	http://www	http://www	PROPN
cblr-3021	652	55	.	.	PUNCT
cblr-3021	653	1	herring.com/ipo/2000/0216/ipo-garageo2l6000.htm	herring.com/ipo/2000/0216/ipo-garageo2l6000.htm	PROPN
cblr-3021	653	2	.	.	PUNCT
cblr-3021	654	1	garage.com	garage.com	X
cblr-3021	654	2	ceo	ceo	NOUN
cblr-3021	654	3	guy	guy	NOUN
cblr-3021	654	4	kawasaki	kawasaki	PROPN
cblr-3021	654	5	said	say	VERB
cblr-3021	654	6	,	,	PUNCT
cblr-3021	654	7	we	we	PRON
cblr-3021	654	8	are	be	AUX
cblr-3021	654	9	very	very	ADV
cblr-3021	654	10	excited	excited	ADJ
cblr-3021	654	11	to	to	PART
cblr-3021	654	12	be	be	AUX
cblr-3021	654	13	included	include	VERB
cblr-3021	654	14	in	in	ADP
cblr-3021	654	15	the	the	DET
cblr-3021	654	16	1999	1999	NUM
cblr-3021	654	17	upside	upside	ADV
cblr-3021	654	18	hot	hot	ADJ
cblr-3021	654	19	100	100	NUM
cblr-3021	654	20	private	private	ADJ
cblr-3021	654	21	companies	company	NOUN
cblr-3021	654	22	.	.	PUNCT
cblr-3021	655	1	garage.com	garage.com	X
cblr-3021	655	2	is	be	AUX
cblr-3021	655	3	filling	fill	VERB
cblr-3021	655	4	an	an	DET
cblr-3021	655	5	important	important	ADJ
cblr-3021	655	6	need	need	NOUN
cblr-3021	655	7	for	for	ADP
cblr-3021	655	8	both	both	CCONJ
cblr-3021	655	9	high	high	ADJ
cblr-3021	655	10	tech	tech	NOUN
cblr-3021	655	11	startups	startup	NOUN
cblr-3021	655	12	and	and	CCONJ
cblr-3021	655	13	investors	investor	NOUN
cblr-3021	655	14	interested	interested	ADJ
cblr-3021	655	15	in	in	ADP
cblr-3021	655	16	the	the	DET
cblr-3021	655	17	highest	high	ADJ
cblr-3021	655	18	quality	quality	NOUN
cblr-3021	655	19	seed	seed	NOUN
cblr-3021	655	20	-	-	PUNCT
cblr-3021	655	21	stage	stage	NOUN
cblr-3021	655	22	investment	investment	NOUN
cblr-3021	655	23	opportunities	opportunity	NOUN
cblr-3021	655	24	.	.	PUNCT
cblr-3021	656	1	this	this	DET
cblr-3021	656	2	award	award	NOUN
cblr-3021	656	3	acknowledges	acknowledge	VERB
cblr-3021	656	4	the	the	DET
cblr-3021	656	5	role	role	NOUN
cblr-3021	656	6	that	that	PRON
cblr-3021	656	7	garage.com	garage.com	X
cblr-3021	656	8	is	be	AUX
cblr-3021	656	9	playing	play	VERB
cblr-3021	656	10	in	in	ADP
cblr-3021	656	11	the	the	DET
cblr-3021	656	12	global	global	ADJ
cblr-3021	656	13	trend	trend	NOUN
cblr-3021	656	14	towards	towards	ADP
cblr-3021	656	15	the	the	DET
cblr-3021	656	16	democratization	democratization	NOUN
cblr-3021	656	17	of	of	ADP
cblr-3021	656	18	the	the	DET
cblr-3021	656	19	private	private	ADJ
cblr-3021	656	20	equity	equity	NOUN
cblr-3021	656	21	markets	market	NOUN
cblr-3021	656	22	.	.	PUNCT
cblr-3021	657	1	press	press	NOUN
cblr-3021	657	2	release	release	NOUN
cblr-3021	657	3	,	,	PUNCT
cblr-3021	657	4	garage.com	garage.com	X
cblr-3021	657	5	,	,	PUNCT
cblr-3021	657	6	upside	upside	ADJ
cblr-3021	657	7	magazine	magazine	NOUN
cblr-3021	657	8	names	name	NOUN
cblr-3021	657	9	garage.com	garage.com	X
cblr-3021	657	10	among	among	ADP
cblr-3021	657	11	1999	1999	NUM
cblr-3021	657	12	hot	hot	ADJ
cblr-3021	657	13	100	100	NUM
cblr-3021	657	14	private	private	ADJ
cblr-3021	657	15	companies	company	NOUN
cblr-3021	657	16	(	(	PUNCT
cblr-3021	657	17	may	may	PROPN
cblr-3021	657	18	14	14	NUM
cblr-3021	657	19	,	,	PUNCT
cblr-3021	657	20	1999	1999	NUM
cblr-3021	657	21	)	)	PUNCT
cblr-3021	657	22	,	,	PUNCT
cblr-3021	657	23	at	at	ADP
cblr-3021	657	24	http://www.garage.com/pressreleases/990510.shtml	http://www.garage.com/pressreleases/990510.shtml	PROPN
cblr-3021	657	25	.	.	PUNCT
cblr-3021	658	1	"	"	PUNCT
cblr-3021	658	2	o	o	INTJ
cblr-3021	658	3	see	see	VERB
cblr-3021	658	4	garage.com	garage.com	X
cblr-3021	658	5	,	,	PUNCT
cblr-3021	658	6	successes	success	NOUN
cblr-3021	658	7	,	,	PUNCT
cblr-3021	658	8	at	at	ADP
cblr-3021	658	9	http://www.garage.com/	http://www.garage.com/	NOUN
cblr-3021	658	10	successes.shtm	successes.shtm	PROPN
cblr-3021	658	11	(	(	PUNCT
cblr-3021	658	12	last	last	ADJ
cblr-3021	658	13	visited	visit	VERB
cblr-3021	658	14	mar	mar	PROPN
cblr-3021	658	15	.	.	PROPN
cblr-3021	658	16	15	15	NUM
cblr-3021	658	17	,	,	PUNCT
cblr-3021	658	18	2000	2000	NUM
cblr-3021	658	19	)	)	PUNCT
cblr-3021	658	20	(	(	PUNCT
cblr-3021	658	21	noting	note	VERB
cblr-3021	658	22	garage.com	garage.com	X
cblr-3021	658	23	's	's	PART
cblr-3021	658	24	1999	1999	NUM
cblr-3021	658	25	investment	investment	NOUN
cblr-3021	658	26	levels	level	NOUN
cblr-3021	658	27	)	)	PUNCT
cblr-3021	658	28	.	.	PUNCT
cblr-3021	659	1	1	1	NUM
cblr-3021	659	2	see	see	VERB
cblr-3021	659	3	press	press	NOUN
cblr-3021	659	4	release	release	NOUN
cblr-3021	659	5	,	,	PUNCT
cblr-3021	659	6	idealab	idealab	PROPN
cblr-3021	659	7	!	!	PUNCT
cblr-3021	659	8	secures	secure	VERB
cblr-3021	659	9	$	$	SYM
cblr-3021	659	10	1	1	NUM
cblr-3021	659	11	billion	billion	NUM
cblr-3021	659	12	in	in	ADP
cblr-3021	659	13	equity	equity	NOUN
cblr-3021	659	14	financing	financing	NOUN
cblr-3021	659	15	,	,	PUNCT
cblr-3021	659	16	at	at	ADP
cblr-3021	659	17	http://www.idealab.com/news/pr031300.htm	http://www.idealab.com/news/pr031300.htm	PROPN
cblr-3021	659	18	(	(	PUNCT
cblr-3021	659	19	describing	describe	VERB
cblr-3021	659	20	idealab	idealab	NOUN
cblr-3021	659	21	!	!	PUNCT
cblr-3021	659	22	's	's	PART
cblr-3021	659	23	latest	late	ADJ
cblr-3021	659	24	venture	venture	NOUN
cblr-3021	659	25	fund	fund	NOUN
cblr-3021	659	26	)	)	PUNCT
cblr-3021	659	27	;	;	PUNCT
cblr-3021	659	28	see	see	VERB
cblr-3021	659	29	also	also	ADV
cblr-3021	659	30	press	press	NOUN
cblr-3021	659	31	release	release	NOUN
cblr-3021	659	32	,	,	PUNCT
cblr-3021	659	33	cmgi	cmgi	NOUN
cblr-3021	659	34	and	and	CCONJ
cblr-3021	659	35	@ventures	@venture	NOUN
cblr-3021	659	36	launch	launch	VERB
cblr-3021	659	37	new	new	ADJ
cblr-3021	659	38	$	$	SYM
cblr-3021	659	39	1	1	NUM
cblr-3021	659	40	billion	billion	NUM
cblr-3021	659	41	technology	technology	NOUN
cblr-3021	659	42	venture	venture	NOUN
cblr-3021	659	43	capital	capital	NOUN
cblr-3021	659	44	fund	fund	PROPN
cblr-3021	659	45	(	(	PUNCT
cblr-3021	659	46	january	january	PROPN
cblr-3021	659	47	24	24	NUM
cblr-3021	659	48	,	,	PUNCT
cblr-3021	659	49	2000	2000	NUM
cblr-3021	659	50	)	)	PUNCT
cblr-3021	659	51	,	,	PUNCT
cblr-3021	659	52	at	at	ADP
cblr-3021	659	53	http://www.ventures.com/news/00/@v_tech.html	http://www.ventures.com/news/00/@v_tech.html	NOUN
cblr-3021	659	54	(	(	PUNCT
cblr-3021	659	55	describing	describe	VERB
cblr-3021	659	56	cmgi	cmgi	NOUN
cblr-3021	659	57	's	's	PART
cblr-3021	659	58	latest	late	ADJ
cblr-3021	659	59	venture	venture	NOUN
cblr-3021	659	60	capital	capital	NOUN
cblr-3021	659	61	fund	fund	PROPN
cblr-3021	659	62	)	)	PUNCT
cblr-3021	659	63	.	.	PUNCT
cblr-3021	660	1	152	152	NUM
cblr-3021	660	2	at	at	ADP
cblr-3021	660	3	one	one	NUM
cblr-3021	660	4	point	point	NOUN
cblr-3021	660	5	,	,	PUNCT
cblr-3021	660	6	incubators	incubator	NOUN
cblr-3021	660	7	were	be	AUX
cblr-3021	660	8	so	so	ADV
cblr-3021	660	9	successful	successful	ADJ
cblr-3021	660	10	that	that	SCONJ
cblr-3021	660	11	bill	bill	NOUN
cblr-3021	660	12	gates	gate	NOUN
cblr-3021	660	13	was	be	AUX
cblr-3021	660	14	briefly	briefly	ADV
cblr-3021	660	15	overtaken	overtake	VERB
cblr-3021	660	16	as	as	ADP
cblr-3021	660	17	the	the	DET
cblr-3021	660	18	richest	rich	ADJ
cblr-3021	660	19	man	man	NOUN
cblr-3021	660	20	in	in	ADP
cblr-3021	660	21	the	the	DET
cblr-3021	660	22	world	world	NOUN
cblr-3021	660	23	by	by	ADP
cblr-3021	660	24	the	the	DET
cblr-3021	660	25	president	president	NOUN
cblr-3021	660	26	of	of	ADP
cblr-3021	660	27	softbank	softbank	PROPN
cblr-3021	660	28	(	(	PUNCT
cblr-3021	660	29	a	a	DET
cblr-3021	660	30	publicly	publicly	ADV
cblr-3021	660	31	-	-	PUNCT
cblr-3021	660	32	traded	trade	VERB
cblr-3021	660	33	venture	venture	NOUN
cblr-3021	660	34	capital	capital	NOUN
cblr-3021	660	35	company	company	NOUN
cblr-3021	660	36	)	)	PUNCT
cblr-3021	660	37	,	,	PUNCT
cblr-3021	660	38	who	who	PRON
cblr-3021	660	39	had	have	AUX
cblr-3021	660	40	amassed	amass	VERB
cblr-3021	660	41	a	a	DET
cblr-3021	660	42	fortune	fortune	NOUN
cblr-3021	660	43	of	of	ADP
cblr-3021	660	44	nearly	nearly	ADV
cblr-3021	660	45	$	$	SYM
cblr-3021	660	46	70	70	NUM
cblr-3021	660	47	billion	billion	NUM
cblr-3021	660	48	.	.	PUNCT
cblr-3021	661	1	see	see	VERB
cblr-3021	661	2	taylor	taylor	PROPN
cblr-3021	661	3	,	,	PUNCT
cblr-3021	661	4	supra	supra	PROPN
cblr-3021	661	5	note	note	PROPN
cblr-3021	661	6	67	67	NUM
cblr-3021	661	7	.	.	PUNCT
cblr-3021	662	1	[	[	X
cblr-3021	662	2	vol	vol	NOUN
cblr-3021	662	3	.	.	PUNCT
cblr-3021	663	1	2004columbia	2004columbia	NUM
cblr-3021	663	2	business	business	NOUN
cblr-3021	663	3	la	la	PROPN
cblr-3021	663	4	w	w	PROPN
cblr-3021	663	5	review	review	PROPN
cblr-3021	663	6	venture	venture	NOUN
cblr-3021	663	7	capital	capital	NOUN
cblr-3021	663	8	formation	formation	NOUN
cblr-3021	663	9	and	and	CCONJ
cblr-3021	663	10	access	access	NOUN
cblr-3021	663	11	to	to	PART
cblr-3021	663	12	develop	develop	VERB
cblr-3021	663	13	cogent	cogent	ADJ
cblr-3021	663	14	criteria	criterion	NOUN
cblr-3021	663	15	for	for	ADP
cblr-3021	663	16	granting	grant	VERB
cblr-3021	663	17	exemptive	exemptive	NOUN
cblr-3021	663	18	orders	order	NOUN
cblr-3021	663	19	to	to	ADP
cblr-3021	663	20	the	the	DET
cblr-3021	663	21	'	'	NUM
cblr-3021	663	22	40	40	NUM
cblr-3021	663	23	act	act	NOUN
cblr-3021	663	24	for	for	ADP
cblr-3021	663	25	incubators	incubator	NOUN
cblr-3021	663	26	.	.	PUNCT
cblr-3021	664	1	53	53	NUM
cblr-3021	664	2	while	while	SCONJ
cblr-3021	664	3	temporarily	temporarily	ADV
cblr-3021	664	4	obscured	obscure	VERB
cblr-3021	664	5	by	by	ADP
cblr-3021	664	6	economic	economic	ADJ
cblr-3021	664	7	conditions	condition	NOUN
cblr-3021	664	8	,	,	PUNCT
cblr-3021	664	9	diversified	diversified	ADJ
cblr-3021	664	10	incubators	incubator	NOUN
cblr-3021	664	11	,	,	PUNCT
cblr-3021	664	12	when	when	SCONJ
cblr-3021	664	13	combined	combine	VERB
cblr-3021	664	14	with	with	ADP
cblr-3021	664	15	venture	venture	NOUN
cblr-3021	664	16	capital	capital	NOUN
cblr-3021	664	17	,	,	PUNCT
cblr-3021	664	18	and	and	CCONJ
cblr-3021	664	19	,	,	PUNCT
cblr-3021	664	20	perhaps	perhaps	ADV
cblr-3021	664	21	most	most	ADV
cblr-3021	664	22	importantly	importantly	ADV
cblr-3021	664	23	,	,	PUNCT
cblr-3021	664	24	venture	venture	NOUN
cblr-3021	664	25	capitalists	capitalist	NOUN
cblr-3021	664	26	,	,	PUNCT
cblr-3021	664	27	may	may	AUX
cblr-3021	664	28	offer	offer	VERB
cblr-3021	664	29	an	an	DET
cblr-3021	664	30	important	important	ADJ
cblr-3021	664	31	vehicle	vehicle	NOUN
cblr-3021	664	32	for	for	ADP
cblr-3021	664	33	venture	venture	NOUN
cblr-3021	664	34	investment	investment	NOUN
cblr-3021	664	35	.	.	PUNCT
cblr-3021	665	1	54	54	NUM
cblr-3021	665	2	for	for	ADP
cblr-3021	665	3	fledgling	fledgling	NOUN
cblr-3021	665	4	companies	company	NOUN
cblr-3021	665	5	,	,	PUNCT
cblr-3021	665	6	incubators	incubator	NOUN
cblr-3021	665	7	provide	provide	VERB
cblr-3021	665	8	a	a	DET
cblr-3021	665	9	one	one	NUM
cblr-3021	665	10	-	-	PUNCT
cblr-3021	665	11	stop	stop	NOUN
cblr-3021	665	12	solution	solution	NOUN
cblr-3021	665	13	to	to	ADP
cblr-3021	665	14	the	the	DET
cblr-3021	665	15	entrepreneur	entrepreneur	NOUN
cblr-3021	665	16	's	's	PART
cblr-3021	665	17	financing	financing	NOUN
cblr-3021	665	18	and	and	CCONJ
cblr-3021	665	19	support	support	NOUN
cblr-3021	665	20	needs	need	NOUN
cblr-3021	665	21	.	.	PUNCT
cblr-3021	666	1	however	however	ADV
cblr-3021	666	2	,	,	PUNCT
cblr-3021	666	3	the	the	DET
cblr-3021	666	4	importance	importance	NOUN
cblr-3021	666	5	of	of	ADP
cblr-3021	666	6	the	the	DET
cblr-3021	666	7	venture	venture	NOUN
cblr-3021	666	8	capitalist	capitalist	NOUN
cblr-3021	666	9	in	in	ADP
cblr-3021	666	10	selecting	select	VERB
cblr-3021	666	11	investments	investment	NOUN
cblr-3021	666	12	and	and	CCONJ
cblr-3021	666	13	in	in	ADP
cblr-3021	666	14	providing	provide	VERB
cblr-3021	666	15	early	early	ADJ
cblr-3021	666	16	management	management	NOUN
cblr-3021	666	17	can	can	AUX
cblr-3021	666	18	not	not	PART
cblr-3021	666	19	be	be	AUX
cblr-3021	666	20	overstated	overstate	VERB
cblr-3021	666	21	.	.	PUNCT
cblr-3021	667	1	when	when	SCONJ
cblr-3021	667	2	publicly	publicly	ADV
cblr-3021	667	3	traded	trade	VERB
cblr-3021	667	4	,	,	PUNCT
cblr-3021	667	5	they	they	PRON
cblr-3021	667	6	also	also	ADV
cblr-3021	667	7	allow	allow	VERB
cblr-3021	667	8	widespread	widespread	ADJ
cblr-3021	667	9	participation	participation	NOUN
cblr-3021	667	10	in	in	ADP
cblr-3021	667	11	venture	venture	NOUN
cblr-3021	667	12	investing	invest	VERB
cblr-3021	667	13	for	for	ADP
cblr-3021	667	14	investors	investor	NOUN
cblr-3021	667	15	normally	normally	ADV
cblr-3021	667	16	precluded	preclude	VERB
cblr-3021	667	17	by	by	ADP
cblr-3021	667	18	the	the	DET
cblr-3021	667	19	accreditation	accreditation	NOUN
cblr-3021	667	20	criteria	criterion	NOUN
cblr-3021	667	21	.	.	PUNCT
cblr-3021	668	1	their	their	PRON
cblr-3021	668	2	recent	recent	ADJ
cblr-3021	668	3	popularity	popularity	NOUN
cblr-3021	668	4	reflects	reflect	VERB
cblr-3021	668	5	their	their	PRON
cblr-3021	668	6	potential	potential	NOUN
cblr-3021	668	7	to	to	PART
cblr-3021	668	8	tap	tap	VERB
cblr-3021	668	9	the	the	DET
cblr-3021	668	10	demand	demand	NOUN
cblr-3021	668	11	for	for	ADP
cblr-3021	668	12	capital	capital	NOUN
cblr-3021	668	13	by	by	ADP
cblr-3021	668	14	entrepreneurs	entrepreneur	NOUN
cblr-3021	668	15	in	in	ADP
cblr-3021	668	16	early	early	ADJ
cblr-3021	668	17	stage	stage	NOUN
cblr-3021	668	18	companies	company	NOUN
cblr-3021	668	19	as	as	ADV
cblr-3021	668	20	well	well	ADV
cblr-3021	668	21	as	as	SCONJ
cblr-3021	668	22	the	the	DET
cblr-3021	668	23	demand	demand	NOUN
cblr-3021	668	24	to	to	PART
cblr-3021	668	25	invest	invest	VERB
cblr-3021	668	26	in	in	ADP
cblr-3021	668	27	ventures	venture	NOUN
cblr-3021	668	28	by	by	ADP
cblr-3021	668	29	angels	angel	NOUN
cblr-3021	668	30	.	.	PUNCT
cblr-3021	669	1	at	at	ADP
cblr-3021	669	2	the	the	DET
cblr-3021	669	3	same	same	ADJ
cblr-3021	669	4	time	time	NOUN
cblr-3021	669	5	,	,	PUNCT
cblr-3021	669	6	the	the	DET
cblr-3021	669	7	rise	rise	NOUN
cblr-3021	669	8	in	in	ADP
cblr-3021	669	9	their	their	PRON
cblr-3021	669	10	popularity	popularity	NOUN
cblr-3021	669	11	also	also	ADV
cblr-3021	669	12	has	have	AUX
cblr-3021	669	13	highlighted	highlight	VERB
cblr-3021	669	14	the	the	DET
cblr-3021	669	15	regulatory	regulatory	ADJ
cblr-3021	669	16	barriers	barrier	NOUN
cblr-3021	669	17	that	that	PRON
cblr-3021	669	18	may	may	AUX
cblr-3021	669	19	be	be	AUX
cblr-3021	669	20	arbitrarily	arbitrarily	ADV
cblr-3021	669	21	constraining	constrain	VERB
cblr-3021	669	22	them	they	PRON
cblr-3021	669	23	,	,	PUNCT
cblr-3021	669	24	as	as	SCONJ
cblr-3021	669	25	seen	see	VERB
cblr-3021	669	26	by	by	ADP
cblr-3021	669	27	the	the	DET
cblr-3021	669	28	sec	sec	PROPN
cblr-3021	669	29	's	's	PART
cblr-3021	669	30	struggle	struggle	NOUN
cblr-3021	669	31	to	to	PART
cblr-3021	669	32	regulate	regulate	VERB
cblr-3021	669	33	them	they	PRON
cblr-3021	669	34	.	.	PUNCT
cblr-3021	670	1	regardless	regardless	ADV
cblr-3021	670	2	,	,	PUNCT
cblr-3021	670	3	at	at	ADP
cblr-3021	670	4	the	the	DET
cblr-3021	670	5	very	very	ADV
cblr-3021	670	6	least	least	ADJ
cblr-3021	670	7	,	,	PUNCT
cblr-3021	670	8	the	the	DET
cblr-3021	670	9	frequent	frequent	ADJ
cblr-3021	670	10	attempts	attempt	NOUN
cblr-3021	670	11	to	to	PART
cblr-3021	670	12	create	create	VERB
cblr-3021	670	13	incubators	incubator	NOUN
cblr-3021	670	14	demonstrate	demonstrate	VERB
cblr-3021	670	15	their	their	PRON
cblr-3021	670	16	allure	allure	NOUN
cblr-3021	670	17	as	as	ADP
cblr-3021	670	18	a	a	DET
cblr-3021	670	19	means	means	NOUN
cblr-3021	670	20	to	to	PART
cblr-3021	670	21	democratize	democratize	VERB
cblr-3021	670	22	capital	capital	NOUN
cblr-3021	670	23	formation	formation	NOUN
cblr-3021	670	24	.	.	PUNCT
cblr-3021	671	1	v.	v.	CCONJ
cblr-3021	671	2	focused	focused	ADJ
cblr-3021	671	3	,	,	PUNCT
cblr-3021	671	4	comprehensive	comprehensive	ADJ
cblr-3021	671	5	,	,	PUNCT
cblr-3021	671	6	and	and	CCONJ
cblr-3021	671	7	modernized	modernize	VERB
cblr-3021	671	8	regulatory	regulatory	ADJ
cblr-3021	671	9	reform	reform	NOUN
cblr-3021	671	10	:	:	PUNCT
cblr-3021	671	11	policy	policy	NOUN
cblr-3021	671	12	concerns	concern	NOUN
cblr-3021	671	13	a.	a.	NOUN
cblr-3021	671	14	the	the	DET
cblr-3021	671	15	policy	policy	NOUN
cblr-3021	671	16	debate	debate	VERB
cblr-3021	671	17	an	an	DET
cblr-3021	671	18	examination	examination	NOUN
cblr-3021	671	19	of	of	ADP
cblr-3021	671	20	the	the	DET
cblr-3021	671	21	regulation	regulation	NOUN
cblr-3021	671	22	of	of	ADP
cblr-3021	671	23	venture	venture	NOUN
cblr-3021	671	24	capital	capital	NOUN
cblr-3021	671	25	funds	fund	NOUN
cblr-3021	671	26	,	,	PUNCT
cblr-3021	671	27	then	then	ADV
cblr-3021	671	28	,	,	PUNCT
cblr-3021	671	29	reveals	reveal	VERB
cblr-3021	671	30	that	that	SCONJ
cblr-3021	671	31	the	the	DET
cblr-3021	671	32	legislative	legislative	ADJ
cblr-3021	671	33	effort	effort	NOUN
cblr-3021	671	34	to	to	PART
cblr-3021	671	35	improve	improve	VERB
cblr-3021	671	36	capital	capital	NOUN
cblr-3021	671	37	formation	formation	NOUN
cblr-3021	671	38	largely	largely	ADV
cblr-3021	671	39	remains	remain	VERB
cblr-3021	671	40	ad	ad	X
cblr-3021	671	41	hoc	hoc	X
cblr-3021	671	42	and	and	CCONJ
cblr-3021	671	43	inconsistent	inconsistent	ADJ
cblr-3021	671	44	in	in	ADP
cblr-3021	671	45	its	its	PRON
cblr-3021	671	46	113	113	NUM
cblr-3021	671	47	see	see	NOUN
cblr-3021	671	48	meredith	meredith	PROPN
cblr-3021	671	49	m.	m.	PROPN
cblr-3021	671	50	brown	brown	PROPN
cblr-3021	671	51	,	,	PUNCT
cblr-3021	671	52	michael	michael	PROPN
cblr-3021	671	53	p.	p.	PROPN
cblr-3021	671	54	harrell	harrell	PROPN
cblr-3021	671	55	&	&	CCONJ
cblr-3021	671	56	william	william	PROPN
cblr-3021	671	57	d.	d.	PROPN
cblr-3021	671	58	regner	regner	PROPN
cblr-3021	671	59	,	,	PUNCT
cblr-3021	671	60	internet	internet	NOUN
cblr-3021	671	61	incubators	incubator	NOUN
cblr-3021	671	62	:	:	PUNCT
cblr-3021	671	63	how	how	SCONJ
cblr-3021	671	64	to	to	PART
cblr-3021	671	65	invest	invest	VERB
cblr-3021	671	66	in	in	ADP
cblr-3021	671	67	the	the	DET
cblr-3021	671	68	new	new	ADJ
cblr-3021	671	69	economy	economy	NOUN
cblr-3021	671	70	without	without	ADP
cblr-3021	671	71	becoming	become	VERB
cblr-3021	671	72	an	an	DET
cblr-3021	671	73	investment	investment	NOUN
cblr-3021	671	74	company	company	NOUN
cblr-3021	671	75	,	,	PUNCT
cblr-3021	671	76	56	56	NUM
cblr-3021	671	77	bus	bus	NOUN
cblr-3021	671	78	.	.	PUNCT
cblr-3021	672	1	law	law	NOUN
cblr-3021	672	2	.	.	PUNCT
cblr-3021	673	1	273	273	NUM
cblr-3021	673	2	(	(	PUNCT
cblr-3021	673	3	2000	2000	NUM
cblr-3021	673	4	)	)	PUNCT
cblr-3021	673	5	.	.	PUNCT
cblr-3021	674	1	15	15	NUM
cblr-3021	674	2	incubators	incubator	NOUN
cblr-3021	674	3	in	in	ADP
cblr-3021	674	4	fact	fact	NOUN
cblr-3021	674	5	are	be	AUX
cblr-3021	674	6	not	not	PART
cblr-3021	674	7	creations	creation	NOUN
cblr-3021	674	8	of	of	ADP
cblr-3021	674	9	the	the	DET
cblr-3021	674	10	internet	internet	NOUN
cblr-3021	674	11	boom	boom	NOUN
cblr-3021	674	12	,	,	PUNCT
cblr-3021	674	13	but	but	CCONJ
cblr-3021	674	14	have	have	AUX
cblr-3021	674	15	existed	exist	VERB
cblr-3021	674	16	since	since	SCONJ
cblr-3021	674	17	1959	1959	NUM
cblr-3021	674	18	.	.	PUNCT
cblr-3021	675	1	for	for	ADP
cblr-3021	675	2	a	a	DET
cblr-3021	675	3	full	full	ADJ
cblr-3021	675	4	discussion	discussion	NOUN
cblr-3021	675	5	of	of	ADP
cblr-3021	675	6	incubators	incubator	NOUN
cblr-3021	675	7	,	,	PUNCT
cblr-3021	675	8	their	their	PRON
cblr-3021	675	9	history	history	NOUN
cblr-3021	675	10	,	,	PUNCT
cblr-3021	675	11	and	and	CCONJ
cblr-3021	675	12	their	their	PRON
cblr-3021	675	13	merits	merit	NOUN
cblr-3021	675	14	,	,	PUNCT
cblr-3021	675	15	see	see	VERB
cblr-3021	675	16	fredrick	fredrick	PROPN
cblr-3021	675	17	burger	burger	NOUN
cblr-3021	675	18	,	,	PUNCT
cblr-3021	675	19	business	business	NOUN
cblr-3021	675	20	incubators	incubator	NOUN
cblr-3021	675	21	:	:	PUNCT
cblr-3021	675	22	how	how	SCONJ
cblr-3021	675	23	successful	successful	ADJ
cblr-3021	675	24	are	be	AUX
cblr-3021	675	25	they	they	PRON
cblr-3021	675	26	?	?	PUNCT
cblr-3021	675	27	,	,	PUNCT
cblr-3021	675	28	area	area	PROPN
cblr-3021	675	29	dev	dev	PROPN
cblr-3021	675	30	.	.	PROPN
cblr-3021	675	31	,	,	PUNCT
cblr-3021	675	32	jan	jan	PROPN
cblr-3021	675	33	.	.	PROPN
cblr-3021	675	34	1999	1999	NUM
cblr-3021	675	35	,	,	PUNCT
cblr-3021	675	36	at	at	ADP
cblr-3021	675	37	76	76	NUM
cblr-3021	675	38	.	.	PUNCT
cblr-3021	676	1	no	no	INTJ
cblr-3021	676	2	.	.	PUNCT
cblr-3021	677	1	1:77	1:77	NUM
cblr-3021	677	2	]	]	X
cblr-3021	677	3	columbia	columbia	PROPN
cblr-3021	677	4	business	business	PROPN
cblr-3021	677	5	law	law	PROPN
cblr-3021	677	6	review	review	NOUN
cblr-3021	677	7	approach	approach	NOUN
cblr-3021	677	8	.	.	PUNCT
cblr-3021	678	1	depression	depression	NOUN
cblr-3021	678	2	-	-	PUNCT
cblr-3021	678	3	era	era	NOUN
cblr-3021	678	4	securities	security	NOUN
cblr-3021	678	5	legislation	legislation	NOUN
cblr-3021	678	6	designed	design	VERB
cblr-3021	678	7	to	to	PART
cblr-3021	678	8	regulate	regulate	VERB
cblr-3021	678	9	financial	financial	ADJ
cblr-3021	678	10	institutions	institution	NOUN
cblr-3021	678	11	distinct	distinct	ADJ
cblr-3021	678	12	from	from	ADP
cblr-3021	678	13	capital	capital	NOUN
cblr-3021	678	14	access	access	NOUN
cblr-3021	678	15	companies	company	NOUN
cblr-3021	678	16	still	still	ADV
cblr-3021	678	17	characterizes	characterize	VERB
cblr-3021	678	18	the	the	DET
cblr-3021	678	19	basic	basic	ADJ
cblr-3021	678	20	framework	framework	NOUN
cblr-3021	678	21	of	of	ADP
cblr-3021	678	22	federal	federal	ADJ
cblr-3021	678	23	regulation	regulation	NOUN
cblr-3021	678	24	.	.	PUNCT
cblr-3021	679	1	until	until	ADP
cblr-3021	679	2	recently	recently	ADV
cblr-3021	679	3	,	,	PUNCT
cblr-3021	679	4	congressional	congressional	ADJ
cblr-3021	679	5	reforms	reform	NOUN
cblr-3021	679	6	generally	generally	ADV
cblr-3021	679	7	have	have	AUX
cblr-3021	679	8	produced	produce	VERB
cblr-3021	679	9	ineffectual	ineffectual	ADJ
cblr-3021	679	10	exemptions	exemption	NOUN
cblr-3021	679	11	(	(	PUNCT
cblr-3021	679	12	or	or	CCONJ
cblr-3021	679	13	inconsistent	inconsistent	ADJ
cblr-3021	679	14	sec	sec	PROPN
cblr-3021	679	15	exemptive	exemptive	NOUN
cblr-3021	679	16	orders	order	NOUN
cblr-3021	679	17	in	in	ADP
cblr-3021	679	18	the	the	DET
cblr-3021	679	19	case	case	NOUN
cblr-3021	679	20	of	of	ADP
cblr-3021	679	21	incubators	incubator	NOUN
cblr-3021	679	22	)	)	PUNCT
cblr-3021	679	23	.	.	PUNCT
cblr-3021	680	1	since	since	SCONJ
cblr-3021	680	2	the	the	DET
cblr-3021	680	3	nsmia	nsmia	NOUN
cblr-3021	680	4	and	and	CCONJ
cblr-3021	680	5	cacl	cacl	ADJ
cblr-3021	680	6	,	,	PUNCT
cblr-3021	680	7	additional	additional	ADJ
cblr-3021	680	8	initiatives	initiative	NOUN
cblr-3021	680	9	(	(	PUNCT
cblr-3021	680	10	such	such	ADJ
cblr-3021	680	11	as	as	ADP
cblr-3021	680	12	statesponsored	statesponsore	VERB
cblr-3021	680	13	venture	venture	NOUN
cblr-3021	680	14	funds	fund	NOUN
cblr-3021	680	15	,	,	PUNCT
cblr-3021	680	16	sbic	sbic	ADJ
cblr-3021	680	17	reforms	reform	NOUN
cblr-3021	680	18	,	,	PUNCT
cblr-3021	680	19	immigration	immigration	NOUN
cblr-3021	680	20	visas	visa	NOUN
cblr-3021	680	21	,	,	PUNCT
cblr-3021	680	22	tax	tax	NOUN
cblr-3021	680	23	incentives	incentive	NOUN
cblr-3021	680	24	,	,	PUNCT
cblr-3021	680	25	and	and	CCONJ
cblr-3021	680	26	allowing	allow	VERB
cblr-3021	680	27	increases	increase	NOUN
cblr-3021	680	28	in	in	ADP
cblr-3021	680	29	institutional	institutional	ADJ
cblr-3021	680	30	venture	venture	NOUN
cblr-3021	680	31	funding	funding	NOUN
cblr-3021	680	32	)	)	PUNCT
cblr-3021	680	33	reflect	reflect	VERB
cblr-3021	680	34	an	an	DET
cblr-3021	680	35	imprecise	imprecise	ADJ
cblr-3021	680	36	legislative	legislative	ADJ
cblr-3021	680	37	agenda	agenda	NOUN
cblr-3021	680	38	to	to	PART
cblr-3021	680	39	improve	improve	VERB
cblr-3021	680	40	capital	capital	NOUN
cblr-3021	680	41	access	access	NOUN
cblr-3021	680	42	.	.	PUNCT
cblr-3021	681	1	thus	thus	ADV
cblr-3021	681	2	,	,	PUNCT
cblr-3021	681	3	the	the	DET
cblr-3021	681	4	flow	flow	NOUN
cblr-3021	681	5	of	of	ADP
cblr-3021	681	6	capital	capital	NOUN
cblr-3021	681	7	to	to	ADP
cblr-3021	681	8	new	new	ADJ
cblr-3021	681	9	businesses	business	NOUN
cblr-3021	681	10	still	still	ADV
cblr-3021	681	11	remains	remains	AUX
cblr-3021	681	12	inadequately	inadequately	ADV
cblr-3021	681	13	regulated	regulate	VERB
cblr-3021	681	14	.	.	PUNCT
cblr-3021	682	1	when	when	SCONJ
cblr-3021	682	2	the	the	DET
cblr-3021	682	3	effect	effect	NOUN
cblr-3021	682	4	of	of	ADP
cblr-3021	682	5	the	the	DET
cblr-3021	682	6	nasdaq	nasdaq	PROPN
cblr-3021	682	7	reforms	reform	NOUN
cblr-3021	682	8	is	be	AUX
cblr-3021	682	9	accounted	account	VERB
cblr-3021	682	10	for	for	ADP
cblr-3021	682	11	,	,	PUNCT
cblr-3021	682	12	an	an	DET
cblr-3021	682	13	even	even	ADV
cblr-3021	682	14	stronger	strong	ADJ
cblr-3021	682	15	case	case	NOUN
cblr-3021	682	16	may	may	AUX
cblr-3021	682	17	be	be	AUX
cblr-3021	682	18	made	make	VERB
cblr-3021	682	19	that	that	SCONJ
cblr-3021	682	20	entrepreneurs	entrepreneur	NOUN
cblr-3021	682	21	and	and	CCONJ
cblr-3021	682	22	the	the	DET
cblr-3021	682	23	venture	venture	NOUN
cblr-3021	682	24	capitalists	capitalist	NOUN
cblr-3021	682	25	and	and	CCONJ
cblr-3021	682	26	angels	angel	NOUN
cblr-3021	682	27	that	that	PRON
cblr-3021	682	28	serve	serve	VERB
cblr-3021	682	29	them	they	PRON
cblr-3021	682	30	require	require	VERB
cblr-3021	682	31	regulatory	regulatory	ADJ
cblr-3021	682	32	relief	relief	NOUN
cblr-3021	682	33	as	as	ADV
cblr-3021	682	34	much	much	ADV
cblr-3021	682	35	as	as	SCONJ
cblr-3021	682	36	they	they	PRON
cblr-3021	682	37	did	do	VERB
cblr-3021	682	38	prior	prior	ADV
cblr-3021	682	39	to	to	ADP
cblr-3021	682	40	the	the	DET
cblr-3021	682	41	nsmia	nsmia	NOUN
cblr-3021	682	42	and	and	CCONJ
cblr-3021	682	43	the	the	DET
cblr-3021	682	44	cacl	cacl	PROPN
cblr-3021	682	45	.	.	PUNCT
cblr-3021	683	1	a	a	DET
cblr-3021	683	2	key	key	ADJ
cblr-3021	683	3	challenge	challenge	NOUN
cblr-3021	683	4	for	for	ADP
cblr-3021	683	5	the	the	DET
cblr-3021	683	6	legislative	legislative	ADJ
cblr-3021	683	7	branch	branch	NOUN
cblr-3021	683	8	is	be	AUX
cblr-3021	683	9	re	re	VERB
cblr-3021	683	10	-	-	ADJ
cblr-3021	683	11	evaluating	evaluate	VERB
cblr-3021	683	12	depression	depression	NOUN
cblr-3021	683	13	-	-	PUNCT
cblr-3021	683	14	era	era	NOUN
cblr-3021	683	15	securities	security	NOUN
cblr-3021	683	16	regulation	regulation	NOUN
cblr-3021	683	17	and	and	CCONJ
cblr-3021	683	18	balancing	balance	VERB
cblr-3021	683	19	public	public	ADJ
cblr-3021	683	20	policy	policy	NOUN
cblr-3021	683	21	concerns	concern	NOUN
cblr-3021	683	22	in	in	ADP
cblr-3021	683	23	a	a	DET
cblr-3021	683	24	different	different	ADJ
cblr-3021	683	25	era	era	NOUN
cblr-3021	683	26	.	.	PUNCT
cblr-3021	684	1	given	give	VERB
cblr-3021	684	2	the	the	DET
cblr-3021	684	3	free	free	ADJ
cblr-3021	684	4	market	market	NOUN
cblr-3021	684	5	system	system	NOUN
cblr-3021	684	6	of	of	ADP
cblr-3021	684	7	this	this	DET
cblr-3021	684	8	country	country	NOUN
cblr-3021	684	9	and	and	CCONJ
cblr-3021	684	10	its	its	PRON
cblr-3021	684	11	growing	grow	VERB
cblr-3021	684	12	acceptance	acceptance	NOUN
cblr-3021	684	13	abroad	abroad	ADV
cblr-3021	684	14	,	,	PUNCT
cblr-3021	684	15	it	it	PRON
cblr-3021	684	16	is	be	AUX
cblr-3021	684	17	valid	valid	ADJ
cblr-3021	684	18	to	to	PART
cblr-3021	684	19	question	question	VERB
cblr-3021	684	20	why	why	SCONJ
cblr-3021	684	21	the	the	DET
cblr-3021	684	22	government	government	NOUN
cblr-3021	684	23	should	should	AUX
cblr-3021	684	24	so	so	ADV
cblr-3021	684	25	strictly	strictly	ADV
cblr-3021	684	26	regulate	regulate	VERB
cblr-3021	684	27	sophisticated	sophisticated	ADJ
cblr-3021	684	28	and	and	CCONJ
cblr-3021	684	29	highly	highly	ADV
cblr-3021	684	30	competitive	competitive	ADJ
cblr-3021	684	31	venture	venture	NOUN
cblr-3021	684	32	investors	investor	NOUN
cblr-3021	684	33	critical	critical	ADJ
cblr-3021	684	34	to	to	ADP
cblr-3021	684	35	the	the	DET
cblr-3021	684	36	economic	economic	ADJ
cblr-3021	684	37	growth	growth	NOUN
cblr-3021	684	38	of	of	ADP
cblr-3021	684	39	the	the	DET
cblr-3021	684	40	country	country	NOUN
cblr-3021	684	41	.	.	PUNCT
cblr-3021	685	1	it	it	PRON
cblr-3021	685	2	is	be	AUX
cblr-3021	685	3	equally	equally	ADV
cblr-3021	685	4	valid	valid	ADJ
cblr-3021	685	5	to	to	PART
cblr-3021	685	6	ponder	ponder	VERB
cblr-3021	685	7	why	why	SCONJ
cblr-3021	685	8	any	any	DET
cblr-3021	685	9	kind	kind	NOUN
cblr-3021	685	10	of	of	ADP
cblr-3021	685	11	investor	investor	NOUN
cblr-3021	685	12	should	should	AUX
cblr-3021	685	13	be	be	AUX
cblr-3021	685	14	denied	deny	VERB
cblr-3021	685	15	access	access	NOUN
cblr-3021	685	16	to	to	PART
cblr-3021	685	17	participate	participate	VERB
cblr-3021	685	18	in	in	ADP
cblr-3021	685	19	venture	venture	NOUN
cblr-3021	685	20	funding	funding	NOUN
cblr-3021	685	21	.	.	PUNCT
cblr-3021	686	1	certainly	certainly	ADV
cblr-3021	686	2	programs	program	NOUN
cblr-3021	686	3	which	which	PRON
cblr-3021	686	4	subsidize	subsidize	VERB
cblr-3021	686	5	the	the	DET
cblr-3021	686	6	richest	rich	ADJ
cblr-3021	686	7	among	among	ADP
cblr-3021	686	8	us	we	PRON
cblr-3021	686	9	are	be	AUX
cblr-3021	686	10	of	of	ADP
cblr-3021	686	11	questionable	questionable	ADJ
cblr-3021	686	12	merit	merit	NOUN
cblr-3021	686	13	.	.	PUNCT
cblr-3021	687	1	in	in	ADP
cblr-3021	687	2	other	other	ADJ
cblr-3021	687	3	words	word	NOUN
cblr-3021	687	4	,	,	PUNCT
cblr-3021	687	5	the	the	DET
cblr-3021	687	6	underlying	underlying	ADJ
cblr-3021	687	7	purpose	purpose	NOUN
cblr-3021	687	8	of	of	ADP
cblr-3021	687	9	the	the	DET
cblr-3021	687	10	'	'	NUM
cblr-3021	687	11	40	40	NUM
cblr-3021	687	12	act	act	NOUN
cblr-3021	687	13	(	(	PUNCT
cblr-3021	687	14	to	to	PART
cblr-3021	687	15	protect	protect	VERB
cblr-3021	687	16	investors	investor	NOUN
cblr-3021	687	17	)	)	PUNCT
cblr-3021	687	18	remains	remain	VERB
cblr-3021	687	19	poorly	poorly	ADV
cblr-3021	687	20	effectuated	effectuate	VERB
cblr-3021	687	21	by	by	ADP
cblr-3021	687	22	its	its	PRON
cblr-3021	687	23	provisions	provision	NOUN
cblr-3021	687	24	because	because	SCONJ
cblr-3021	687	25	they	they	PRON
cblr-3021	687	26	hamper	hamper	VERB
cblr-3021	687	27	venture	venture	NOUN
cblr-3021	687	28	capital	capital	NOUN
cblr-3021	687	29	.	.	PUNCT
cblr-3021	688	1	the	the	DET
cblr-3021	688	2	cost	cost	NOUN
cblr-3021	688	3	of	of	ADP
cblr-3021	688	4	protection	protection	NOUN
cblr-3021	688	5	to	to	ADP
cblr-3021	688	6	the	the	DET
cblr-3021	688	7	protected	protect	VERB
cblr-3021	688	8	,	,	PUNCT
cblr-3021	688	9	and	and	CCONJ
cblr-3021	688	10	the	the	DET
cblr-3021	688	11	result	result	NOUN
cblr-3021	688	12	of	of	ADP
cblr-3021	688	13	the	the	DET
cblr-3021	688	14	protection	protection	NOUN
cblr-3021	688	15	,	,	PUNCT
cblr-3021	688	16	need	need	VERB
cblr-3021	688	17	to	to	PART
cblr-3021	688	18	be	be	AUX
cblr-3021	688	19	seriously	seriously	ADV
cblr-3021	688	20	re	re	VERB
cblr-3021	688	21	-	-	VERB
cblr-3021	688	22	evaluated	evaluated	ADJ
cblr-3021	688	23	.	.	PUNCT
cblr-3021	689	1	arguments	argument	NOUN
cblr-3021	689	2	for	for	ADP
cblr-3021	689	3	the	the	DET
cblr-3021	689	4	protection	protection	NOUN
cblr-3021	689	5	of	of	ADP
cblr-3021	689	6	investors	investor	NOUN
cblr-3021	689	7	should	should	AUX
cblr-3021	689	8	not	not	PART
cblr-3021	689	9	overlook	overlook	VERB
cblr-3021	689	10	the	the	DET
cblr-3021	689	11	fact	fact	NOUN
cblr-3021	689	12	that	that	SCONJ
cblr-3021	689	13	well	well	ADV
cblr-3021	689	14	-	-	PUNCT
cblr-3021	689	15	tailored	tailor	VERB
cblr-3021	689	16	regulatory	regulatory	ADJ
cblr-3021	689	17	reform	reform	NOUN
cblr-3021	689	18	will	will	AUX
cblr-3021	689	19	not	not	PART
cblr-3021	689	20	make	make	VERB
cblr-3021	689	21	venture	venture	NOUN
cblr-3021	689	22	managers	manager	NOUN
cblr-3021	689	23	any	any	DET
cblr-3021	689	24	less	less	ADV
cblr-3021	689	25	subject	subject	ADJ
cblr-3021	689	26	to	to	ADP
cblr-3021	689	27	adequate	adequate	ADJ
cblr-3021	689	28	criminal	criminal	ADJ
cblr-3021	689	29	and	and	CCONJ
cblr-3021	689	30	civil	civil	ADJ
cblr-3021	689	31	penalties	penalty	NOUN
cblr-3021	689	32	and	and	CCONJ
cblr-3021	689	33	their	their	PRON
cblr-3021	689	34	enforcement	enforcement	NOUN
cblr-3021	689	35	.	.	PUNCT
cblr-3021	690	1	more	more	ADV
cblr-3021	690	2	importantly	importantly	ADV
cblr-3021	690	3	,	,	PUNCT
cblr-3021	690	4	the	the	DET
cblr-3021	690	5	government	government	NOUN
cblr-3021	690	6	interest	interest	NOUN
cblr-3021	690	7	in	in	ADP
cblr-3021	690	8	safeguarding	safeguard	VERB
cblr-3021	690	9	against	against	ADP
cblr-3021	690	10	fraudulent	fraudulent	ADJ
cblr-3021	690	11	practices	practice	NOUN
cblr-3021	690	12	pretty	pretty	ADV
cblr-3021	690	13	clearly	clearly	ADV
cblr-3021	690	14	diminishes	diminish	VERB
cblr-3021	690	15	when	when	SCONJ
cblr-3021	690	16	it	it	PRON
cblr-3021	690	17	usurps	usurp	VERB
cblr-3021	690	18	the	the	DET
cblr-3021	690	19	judgment	judgment	NOUN
cblr-3021	690	20	of	of	ADP
cblr-3021	690	21	individuals	individual	NOUN
cblr-3021	690	22	,	,	PUNCT
cblr-3021	690	23	whether	whether	SCONJ
cblr-3021	690	24	good	good	ADJ
cblr-3021	690	25	or	or	CCONJ
cblr-3021	690	26	bad	bad	ADJ
cblr-3021	690	27	,	,	PUNCT
cblr-3021	691	1	[	[	X
cblr-3021	691	2	vol	vol	NOUN
cblr-3021	691	3	.	.	PUNCT
cblr-3021	691	4	2004	2004	NUM
cblr-3021	691	5	venture	venture	NOUN
cblr-3021	691	6	capital	capital	NOUN
cblr-3021	691	7	formation	formation	NOUN
cblr-3021	691	8	and	and	CCONJ
cblr-3021	691	9	access	access	NOUN
cblr-3021	691	10	as	as	ADP
cblr-3021	691	11	to	to	ADP
cblr-3021	691	12	how	how	SCONJ
cblr-3021	691	13	they	they	PRON
cblr-3021	691	14	invest	invest	VERB
cblr-3021	691	15	their	their	PRON
cblr-3021	691	16	own	own	ADJ
cblr-3021	691	17	money	money	NOUN
cblr-3021	691	18	.	.	PUNCT
cblr-3021	692	1	in	in	ADP
cblr-3021	692	2	other	other	ADJ
cblr-3021	692	3	contexts	context	NOUN
cblr-3021	692	4	far	far	ADV
cblr-3021	692	5	more	more	ADV
cblr-3021	692	6	suspect	suspect	ADJ
cblr-3021	692	7	than	than	ADP
cblr-3021	692	8	in	in	ADP
cblr-3021	692	9	venture	venture	NOUN
cblr-3021	692	10	funding	funding	NOUN
cblr-3021	692	11	,	,	PUNCT
cblr-3021	692	12	the	the	DET
cblr-3021	692	13	government	government	NOUN
cblr-3021	692	14	rightly	rightly	ADV
cblr-3021	692	15	allows	allow	VERB
cblr-3021	692	16	people	people	NOUN
cblr-3021	692	17	to	to	PART
cblr-3021	692	18	make	make	VERB
cblr-3021	692	19	what	what	PRON
cblr-3021	692	20	others	other	NOUN
cblr-3021	692	21	might	might	AUX
cblr-3021	692	22	consider	consider	VERB
cblr-3021	692	23	bad	bad	ADJ
cblr-3021	692	24	investment	investment	NOUN
cblr-3021	692	25	decisions	decision	NOUN
cblr-3021	692	26	all	all	DET
cblr-3021	692	27	the	the	DET
cblr-3021	692	28	time.5	time.5	NOUN
cblr-3021	692	29	'	'	PUNCT
cblr-3021	692	30	to	to	ADP
cblr-3021	692	31	date	date	NOUN
cblr-3021	692	32	,	,	PUNCT
cblr-3021	692	33	the	the	DET
cblr-3021	692	34	political	political	ADJ
cblr-3021	692	35	struggle	struggle	NOUN
cblr-3021	692	36	to	to	PART
cblr-3021	692	37	evaluate	evaluate	VERB
cblr-3021	692	38	directly	directly	ADV
cblr-3021	692	39	the	the	DET
cblr-3021	692	40	"	"	PUNCT
cblr-3021	692	41	depression	depression	NOUN
cblr-3021	692	42	mentality	mentality	NOUN
cblr-3021	692	43	"	"	PUNCT
cblr-3021	692	44	and	and	CCONJ
cblr-3021	692	45	the	the	DET
cblr-3021	692	46	potentially	potentially	ADV
cblr-3021	692	47	unbalanced	unbalanced	ADJ
cblr-3021	692	48	allocation	allocation	NOUN
cblr-3021	692	49	of	of	ADP
cblr-3021	692	50	public	public	ADJ
cblr-3021	692	51	policy	policy	NOUN
cblr-3021	692	52	concerns	concern	NOUN
cblr-3021	692	53	underlying	underlie	VERB
cblr-3021	692	54	the	the	DET
cblr-3021	692	55	federal	federal	ADJ
cblr-3021	692	56	regulatory	regulatory	ADJ
cblr-3021	692	57	structure	structure	NOUN
cblr-3021	692	58	of	of	ADP
cblr-3021	692	59	venture	venture	NOUN
cblr-3021	692	60	capital	capital	NOUN
cblr-3021	692	61	has	have	AUX
cblr-3021	692	62	spawned	spawn	VERB
cblr-3021	692	63	reform	reform	NOUN
cblr-3021	692	64	efforts	effort	NOUN
cblr-3021	692	65	that	that	PRON
cblr-3021	692	66	often	often	ADV
cblr-3021	692	67	produce	produce	VERB
cblr-3021	692	68	ineffective	ineffective	ADJ
cblr-3021	692	69	,	,	PUNCT
cblr-3021	692	70	confusing	confusing	ADJ
cblr-3021	692	71	,	,	PUNCT
cblr-3021	692	72	and	and	CCONJ
cblr-3021	692	73	counter	counter	ADJ
cblr-3021	692	74	-	-	ADJ
cblr-3021	692	75	productive	productive	ADJ
cblr-3021	692	76	results	result	NOUN
cblr-3021	692	77	.	.	PUNCT
cblr-3021	693	1	arguments	argument	NOUN
cblr-3021	693	2	that	that	PRON
cblr-3021	693	3	some	some	DET
cblr-3021	693	4	people	people	NOUN
cblr-3021	693	5	should	should	AUX
cblr-3021	693	6	be	be	AUX
cblr-3021	693	7	denied	deny	VERB
cblr-3021	693	8	access	access	NOUN
cblr-3021	693	9	to	to	ADP
cblr-3021	693	10	venture	venture	NOUN
cblr-3021	693	11	investing	invest	VERB
cblr-3021	693	12	on	on	ADP
cblr-3021	693	13	the	the	DET
cblr-3021	693	14	basis	basis	NOUN
cblr-3021	693	15	of	of	ADP
cblr-3021	693	16	risk	risk	NOUN
cblr-3021	693	17	and	and	CCONJ
cblr-3021	693	18	their	their	PRON
cblr-3021	693	19	lack	lack	NOUN
cblr-3021	693	20	of	of	ADP
cblr-3021	693	21	sophistication	sophistication	NOUN
cblr-3021	693	22	may	may	AUX
cblr-3021	693	23	persist	persist	VERB
cblr-3021	693	24	.	.	PUNCT
cblr-3021	694	1	the	the	DET
cblr-3021	694	2	explosion	explosion	NOUN
cblr-3021	694	3	of	of	ADP
cblr-3021	694	4	venture	venture	NOUN
cblr-3021	694	5	capital	capital	NOUN
cblr-3021	694	6	was	be	AUX
cblr-3021	694	7	perhaps	perhaps	ADV
cblr-3021	694	8	correlated	correlate	VERB
cblr-3021	694	9	with	with	ADP
cblr-3021	694	10	some	some	DET
cblr-3021	694	11	"	"	PUNCT
cblr-3021	694	12	irrational	irrational	ADJ
cblr-3021	694	13	exuberance	exuberance	NOUN
cblr-3021	694	14	"	"	PUNCT
cblr-3021	694	15	similar	similar	ADJ
cblr-3021	694	16	to	to	ADP
cblr-3021	694	17	what	what	PRON
cblr-3021	694	18	preceded	precede	VERB
cblr-3021	694	19	the	the	DET
cblr-3021	694	20	great	great	ADJ
cblr-3021	694	21	depression	depression	NOUN
cblr-3021	694	22	and	and	CCONJ
cblr-3021	694	23	therefore	therefore	ADV
cblr-3021	694	24	it	it	PRON
cblr-3021	694	25	may	may	AUX
cblr-3021	694	26	not	not	PART
cblr-3021	694	27	be	be	AUX
cblr-3021	694	28	proper	proper	ADJ
cblr-3021	694	29	to	to	PART
cblr-3021	694	30	abandon	abandon	VERB
cblr-3021	694	31	the	the	DET
cblr-3021	694	32	"	"	PUNCT
cblr-3021	694	33	depression	depression	NOUN
cblr-3021	694	34	mentality	mentality	NOUN
cblr-3021	694	35	"	"	PUNCT
cblr-3021	694	36	underlying	underlie	VERB
cblr-3021	694	37	some	some	DET
cblr-3021	694	38	regulation	regulation	NOUN
cblr-3021	694	39	too	too	ADV
cblr-3021	694	40	quickly	quickly	ADV
cblr-3021	694	41	.	.	PUNCT
cblr-3021	695	1	for	for	ADP
cblr-3021	695	2	example	example	NOUN
cblr-3021	695	3	,	,	PUNCT
cblr-3021	695	4	the	the	DET
cblr-3021	695	5	percentage	percentage	NOUN
cblr-3021	695	6	of	of	ADP
cblr-3021	695	7	profitable	profitable	ADJ
cblr-3021	695	8	venture	venture	NOUN
cblr-3021	695	9	-	-	PUNCT
cblr-3021	695	10	backed	back	VERB
cblr-3021	695	11	ipos	ipos	NOUN
cblr-3021	695	12	dropped	drop	VERB
cblr-3021	695	13	to	to	ADP
cblr-3021	695	14	almost	almost	ADV
cblr-3021	695	15	10	10	NUM
cblr-3021	695	16	%	%	NOUN
cblr-3021	695	17	in	in	ADP
cblr-3021	695	18	1999	1999	NUM
cblr-3021	695	19	from	from	ADP
cblr-3021	695	20	almost	almost	ADV
cblr-3021	695	21	70	70	NUM
cblr-3021	695	22	%	%	NOUN
cblr-3021	695	23	in	in	ADP
cblr-3021	695	24	1982.15	1982.15	NUM
cblr-3021	695	25	while	while	SCONJ
cblr-3021	695	26	the	the	DET
cblr-3021	695	27	numbers	number	NOUN
cblr-3021	695	28	of	of	ADP
cblr-3021	695	29	non	non	ADJ
cblr-3021	695	30	-	-	ADJ
cblr-3021	695	31	venture	venture	ADJ
cblr-3021	695	32	capital	capital	NOUN
cblr-3021	695	33	backed	back	VERB
cblr-3021	695	34	ipos	ipos	PROPN
cblr-3021	695	35	are	be	AUX
cblr-3021	695	36	only	only	ADV
cblr-3021	695	37	marginally	marginally	ADV
cblr-3021	695	38	better	well	ADJ
cblr-3021	695	39	,	,	PUNCT
cblr-3021	695	40	5	5	NUM
cblr-3021	695	41	7	7	NUM
cblr-3021	695	42	there	there	PRON
cblr-3021	695	43	might	might	AUX
cblr-3021	695	44	be	be	AUX
cblr-3021	695	45	concern	concern	NOUN
cblr-3021	695	46	that	that	SCONJ
cblr-3021	695	47	venture	venture	NOUN
cblr-3021	695	48	capitalists	capitalist	NOUN
cblr-3021	695	49	rushing	rush	VERB
cblr-3021	695	50	companies	company	NOUN
cblr-3021	695	51	to	to	ADP
cblr-3021	695	52	ipos	ipos	NOUN
cblr-3021	695	53	may	may	AUX
cblr-3021	695	54	leave	leave	VERB
cblr-3021	695	55	the	the	DET
cblr-3021	695	56	public	public	NOUN
cblr-3021	695	57	holding	hold	VERB
cblr-3021	695	58	the	the	DET
cblr-3021	695	59	bag	bag	NOUN
cblr-3021	695	60	when	when	SCONJ
cblr-3021	695	61	they	they	PRON
cblr-3021	695	62	do	do	AUX
cblr-3021	695	63	not	not	PART
cblr-3021	695	64	achieve	achieve	VERB
cblr-3021	695	65	sustained	sustained	ADJ
cblr-3021	695	66	profitability	profitability	NOUN
cblr-3021	695	67	.	.	PUNCT
cblr-3021	696	1	5	5	NUM
cblr-3021	696	2	"	"	PUNCT
cblr-3021	696	3	this	this	DET
cblr-3021	696	4	position	position	NOUN
cblr-3021	696	5	is	be	AUX
cblr-3021	696	6	echoed	echo	VERB
cblr-3021	696	7	by	by	ADP
cblr-3021	696	8	some	some	DET
cblr-3021	696	9	economists	economist	NOUN
cblr-3021	696	10	,	,	PUNCT
cblr-3021	696	11	who	who	PRON
cblr-3021	696	12	suggest	suggest	VERB
cblr-3021	696	13	that	that	SCONJ
cblr-3021	696	14	the	the	DET
cblr-3021	696	15	"	"	PUNCT
cblr-3021	696	16	home	home	NOUN
cblr-3021	696	17	run	run	NOUN
cblr-3021	696	18	orientation	orientation	NOUN
cblr-3021	696	19	"	"	PUNCT
cblr-3021	696	20	of	of	ADP
cblr-3021	696	21	venture	venture	NOUN
cblr-3021	696	22	capital	capital	NOUN
cblr-3021	696	23	may	may	AUX
cblr-3021	696	24	bias	bias	VERB
cblr-3021	696	25	investment	investment	NOUN
cblr-3021	696	26	toward	toward	ADP
cblr-3021	696	27	breakthrough	breakthrough	NOUN
cblr-3021	696	28	innovations	innovation	NOUN
cblr-3021	696	29	and	and	CCONJ
cblr-3021	696	30	away	away	ADV
cblr-3021	696	31	from	from	ADP
cblr-3021	696	32	commercial	commercial	ADJ
cblr-3021	696	33	follow	follow	NOUN
cblr-3021	696	34	-	-	PUNCT
cblr-3021	696	35	through	through	NOUN
cblr-3021	696	36	.	.	PUNCT
cblr-3021	697	1	15	15	NUM
cblr-3021	697	2	9	9	NUM
cblr-3021	697	3	thus	thus	ADV
cblr-3021	697	4	,	,	PUNCT
cblr-3021	697	5	"	"	PUNCT
cblr-3021	697	6	boosting	boost	VERB
cblr-3021	697	7	venture	venture	NOUN
cblr-3021	697	8	capital	capital	NOUN
cblr-3021	697	9	,	,	PUNCT
cblr-3021	697	10	while	while	SCONJ
cblr-3021	697	11	it	it	PRON
cblr-3021	697	12	may	may	AUX
cblr-3021	697	13	lead	lead	VERB
cblr-3021	697	14	to	to	ADP
cblr-3021	697	15	more	more	ADJ
cblr-3021	697	16	start	start	NOUN
cblr-3021	697	17	-	-	PUNCT
cblr-3021	697	18	ups	up	NOUN
cblr-3021	697	19	,	,	PUNCT
cblr-3021	697	20	may	may	AUX
cblr-3021	697	21	in	in	ADP
cblr-3021	697	22	fact	fact	NOUN
cblr-3021	697	23	be	be	AUX
cblr-3021	697	24	detrimental	detrimental	ADJ
cblr-3021	697	25	for	for	ADP
cblr-3021	697	26	the	the	DET
cblr-3021	697	27	national	national	ADJ
cblr-3021	697	28	economy	economy	NOUN
cblr-3021	697	29	"	"	PUNCT
cblr-3021	697	30	6	6	NUM
cblr-3021	697	31	'	'	PUNCT
cblr-3021	697	32	by	by	ADP
cblr-3021	697	33	misallocating	misallocate	VERB
cblr-3021	697	34	investment	investment	NOUN
cblr-3021	697	35	capital	capital	NOUN
cblr-3021	697	36	into	into	ADP
cblr-3021	697	37	venture	venture	NOUN
cblr-3021	697	38	...	...	PUNCT
cblr-3021	697	39	consider	consider	VERB
cblr-3021	697	40	lotteries	lottery	NOUN
cblr-3021	697	41	,	,	PUNCT
cblr-3021	697	42	gambling	gambling	NOUN
cblr-3021	697	43	,	,	PUNCT
cblr-3021	697	44	exotic	exotic	ADJ
cblr-3021	697	45	car	car	NOUN
cblr-3021	697	46	purchases	purchase	NOUN
cblr-3021	697	47	,	,	PUNCT
cblr-3021	697	48	timeshares	timeshare	NOUN
cblr-3021	697	49	,	,	PUNCT
cblr-3021	697	50	condominiums	condominium	NOUN
cblr-3021	697	51	,	,	PUNCT
cblr-3021	697	52	network	network	NOUN
cblr-3021	697	53	marketing	marketing	NOUN
cblr-3021	697	54	schemes	scheme	NOUN
cblr-3021	697	55	,	,	PUNCT
cblr-3021	697	56	and	and	CCONJ
cblr-3021	697	57	recreational	recreational	ADJ
cblr-3021	697	58	vehicles	vehicle	NOUN
cblr-3021	697	59	to	to	PART
cblr-3021	697	60	name	name	VERB
cblr-3021	697	61	a	a	DET
cblr-3021	697	62	few	few	ADJ
cblr-3021	697	63	.	.	PUNCT
cblr-3021	698	1	"	"	PUNCT
cblr-3021	698	2	'	'	PUNCT
cblr-3021	698	3	see	see	VERB
cblr-3021	698	4	taylor	taylor	PROPN
cblr-3021	698	5	,	,	PUNCT
cblr-3021	698	6	supra	supra	PROPN
cblr-3021	698	7	note	note	NOUN
cblr-3021	698	8	67	67	NUM
cblr-3021	698	9	(	(	PUNCT
cblr-3021	698	10	these	these	DET
cblr-3021	698	11	figures	figure	NOUN
cblr-3021	698	12	are	be	AUX
cblr-3021	698	13	available	available	ADJ
cblr-3021	698	14	in	in	ADP
cblr-3021	698	15	press	press	NOUN
cblr-3021	698	16	releases	release	NOUN
cblr-3021	698	17	at	at	ADP
cblr-3021	698	18	http://www.ventureeconomics.com	http://www.ventureeconomics.com	X
cblr-3021	698	19	)	)	PUNCT
cblr-3021	698	20	.	.	PUNCT
cblr-3021	699	1	157	157	NUM
cblr-3021	699	2	i	i	NOUN
cblr-3021	699	3	d.	d.	PROPN
cblr-3021	699	4	158	158	NUM
cblr-3021	700	1	i	i	PRON
cblr-3021	700	2	d.	d.	PROPN
cblr-3021	700	3	159	159	NUM
cblr-3021	700	4	see	see	VERB
cblr-3021	700	5	beltz	beltz	NOUN
cblr-3021	700	6	,	,	PUNCT
cblr-3021	700	7	supra	supra	PROPN
cblr-3021	700	8	note	note	NOUN
cblr-3021	700	9	4	4	NUM
cblr-3021	700	10	,	,	PUNCT
cblr-3021	700	11	at	at	ADP
cblr-3021	700	12	35	35	NUM
cblr-3021	700	13	(	(	PUNCT
cblr-3021	700	14	quoting	quote	VERB
cblr-3021	700	15	economist	economist	PROPN
cblr-3021	700	16	richard	richard	PROPN
cblr-3021	700	17	florida	florida	PROPN
cblr-3021	700	18	)	)	PUNCT
cblr-3021	700	19	.	.	PUNCT
cblr-3021	701	1	160	160	NUM
cblr-3021	702	1	i	i	NOUN
cblr-3021	702	2	d.	d.	PROPN
cblr-3021	702	3	no	no	INTJ
cblr-3021	702	4	.	.	PROPN
cblr-3021	702	5	1:771	1:771	PROPN
cblr-3021	702	6	columbia	columbia	PROPN
cblr-3021	702	7	business	business	NOUN
cblr-3021	702	8	law	law	PROPN
cblr-3021	702	9	review	review	VERB
cblr-3021	702	10	initiation	initiation	NOUN
cblr-3021	702	11	instead	instead	ADV
cblr-3021	702	12	of	of	ADP
cblr-3021	702	13	venture	venture	NOUN
cblr-3021	702	14	sustenance	sustenance	NOUN
cblr-3021	702	15	through	through	ADP
cblr-3021	702	16	research	research	NOUN
cblr-3021	702	17	and	and	CCONJ
cblr-3021	702	18	development	development	NOUN
cblr-3021	702	19	.	.	PUNCT
cblr-3021	703	1	these	these	DET
cblr-3021	703	2	concerns	concern	NOUN
cblr-3021	703	3	,	,	PUNCT
cblr-3021	703	4	while	while	SCONJ
cblr-3021	703	5	understandable	understandable	ADJ
cblr-3021	703	6	,	,	PUNCT
cblr-3021	703	7	mischaracterize	mischaracterize	VERB
cblr-3021	703	8	the	the	DET
cblr-3021	703	9	venture	venture	NOUN
cblr-3021	703	10	capital	capital	NOUN
cblr-3021	703	11	market	market	NOUN
cblr-3021	703	12	.	.	PUNCT
cblr-3021	704	1	first	first	ADV
cblr-3021	704	2	,	,	PUNCT
cblr-3021	704	3	venture	venture	NOUN
cblr-3021	704	4	backed	back	VERB
cblr-3021	704	5	stocks	stock	NOUN
cblr-3021	704	6	not	not	PART
cblr-3021	704	7	only	only	ADV
cblr-3021	704	8	have	have	AUX
cblr-3021	704	9	outperformed	outperform	VERB
cblr-3021	704	10	the	the	DET
cblr-3021	704	11	major	major	ADJ
cblr-3021	704	12	indices	index	NOUN
cblr-3021	704	13	,	,	PUNCT
cblr-3021	704	14	but	but	CCONJ
cblr-3021	704	15	also	also	ADV
cblr-3021	704	16	have	have	AUX
cblr-3021	704	17	demonstrated	demonstrate	VERB
cblr-3021	704	18	less	less	ADJ
cblr-3021	704	19	volatility	volatility	NOUN
cblr-3021	704	20	.	.	PUNCT
cblr-3021	705	1	61	61	NUM
cblr-3021	705	2	these	these	DET
cblr-3021	705	3	key	key	ADJ
cblr-3021	705	4	performance	performance	NOUN
cblr-3021	705	5	indicators	indicator	NOUN
cblr-3021	705	6	suggest	suggest	VERB
cblr-3021	705	7	that	that	SCONJ
cblr-3021	705	8	venture	venture	NOUN
cblr-3021	705	9	capital	capital	NOUN
cblr-3021	705	10	,	,	PUNCT
cblr-3021	705	11	far	far	ADV
cblr-3021	705	12	from	from	ADP
cblr-3021	705	13	leaving	leave	VERB
cblr-3021	705	14	the	the	DET
cblr-3021	705	15	public	public	NOUN
cblr-3021	705	16	"	"	PUNCT
cblr-3021	705	17	holding	hold	VERB
cblr-3021	705	18	the	the	DET
cblr-3021	705	19	bag	bag	NOUN
cblr-3021	705	20	,	,	PUNCT
cblr-3021	705	21	"	"	PUNCT
cblr-3021	705	22	has	have	AUX
cblr-3021	705	23	provided	provide	VERB
cblr-3021	705	24	superior	superior	ADJ
cblr-3021	705	25	returns	return	NOUN
cblr-3021	705	26	with	with	ADP
cblr-3021	705	27	less	less	ADJ
cblr-3021	705	28	risk	risk	NOUN
cblr-3021	705	29	to	to	ADP
cblr-3021	705	30	investors	investor	NOUN
cblr-3021	705	31	,	,	PUNCT
cblr-3021	705	32	even	even	ADV
cblr-3021	705	33	after	after	ADP
cblr-3021	705	34	their	their	PRON
cblr-3021	705	35	public	public	ADJ
cblr-3021	705	36	offerings	offering	NOUN
cblr-3021	705	37	.	.	PUNCT
cblr-3021	706	1	second	second	ADJ
cblr-3021	706	2	,	,	PUNCT
cblr-3021	706	3	the	the	DET
cblr-3021	706	4	economic	economic	ADJ
cblr-3021	706	5	reality	reality	NOUN
cblr-3021	706	6	is	be	AUX
cblr-3021	706	7	that	that	SCONJ
cblr-3021	706	8	the	the	DET
cblr-3021	706	9	market	market	NOUN
cblr-3021	706	10	will	will	AUX
cblr-3021	706	11	correct	correct	VERB
cblr-3021	706	12	for	for	ADP
cblr-3021	706	13	any	any	DET
cblr-3021	706	14	over	over	ADP
cblr-3021	706	15	-	-	PUNCT
cblr-3021	706	16	allocation	allocation	NOUN
cblr-3021	706	17	of	of	ADP
cblr-3021	706	18	capital	capital	NOUN
cblr-3021	706	19	.	.	PUNCT
cblr-3021	707	1	even	even	ADV
cblr-3021	707	2	the	the	DET
cblr-3021	707	3	economist	economist	PROPN
cblr-3021	707	4	richard	richard	PROPN
cblr-3021	707	5	florida	florida	PROPN
cblr-3021	707	6	concluded	conclude	VERB
cblr-3021	707	7	that	that	SCONJ
cblr-3021	707	8	the	the	DET
cblr-3021	707	9	distribution	distribution	NOUN
cblr-3021	707	10	of	of	ADP
cblr-3021	707	11	capital	capital	NOUN
cblr-3021	707	12	is	be	AUX
cblr-3021	707	13	best	well	ADV
cblr-3021	707	14	left	leave	VERB
cblr-3021	707	15	to	to	ADP
cblr-3021	707	16	the	the	DET
cblr-3021	707	17	markets	market	NOUN
cblr-3021	707	18	and	and	CCONJ
cblr-3021	707	19	opposes	oppose	VERB
cblr-3021	707	20	boosting	boost	VERB
cblr-3021	707	21	venture	venture	NOUN
cblr-3021	707	22	capital	capital	NOUN
cblr-3021	707	23	through	through	ADP
cblr-3021	707	24	government	government	NOUN
cblr-3021	707	25	programs	program	NOUN
cblr-3021	707	26	because	because	SCONJ
cblr-3021	707	27	they	they	PRON
cblr-3021	707	28	are	be	AUX
cblr-3021	707	29	poorly	poorly	ADV
cblr-3021	707	30	run	run	VERB
cblr-3021	707	31	,	,	PUNCT
cblr-3021	707	32	not	not	PART
cblr-3021	707	33	because	because	SCONJ
cblr-3021	707	34	too	too	ADV
cblr-3021	707	35	much	much	ADJ
cblr-3021	707	36	venture	venture	NOUN
cblr-3021	707	37	capital	capital	NOUN
cblr-3021	707	38	could	could	AUX
cblr-3021	707	39	do	do	VERB
cblr-3021	707	40	harm	harm	NOUN
cblr-3021	707	41	to	to	ADP
cblr-3021	707	42	the	the	DET
cblr-3021	707	43	economy	economy	NOUN
cblr-3021	707	44	.	.	PUNCT
cblr-3021	708	1	162	162	NUM
cblr-3021	708	2	just	just	ADV
cblr-3021	708	3	like	like	ADP
cblr-3021	708	4	the	the	DET
cblr-3021	708	5	financial	financial	ADJ
cblr-3021	708	6	markets	market	NOUN
cblr-3021	708	7	,	,	PUNCT
cblr-3021	708	8	real	real	ADJ
cblr-3021	708	9	estate	estate	NOUN
cblr-3021	708	10	,	,	PUNCT
cblr-3021	708	11	and	and	CCONJ
cblr-3021	708	12	various	various	ADJ
cblr-3021	708	13	other	other	ADJ
cblr-3021	708	14	business	business	NOUN
cblr-3021	708	15	sectors	sector	NOUN
cblr-3021	708	16	,	,	PUNCT
cblr-3021	708	17	venture	venture	NOUN
cblr-3021	708	18	capital	capital	NOUN
cblr-3021	708	19	experiences	experience	NOUN
cblr-3021	708	20	booms	boom	NOUN
cblr-3021	708	21	and	and	CCONJ
cblr-3021	708	22	busts	bust	NOUN
cblr-3021	708	23	.	.	PUNCT
cblr-3021	709	1	markets	market	NOUN
cblr-3021	709	2	simply	simply	ADV
cblr-3021	709	3	have	have	VERB
cblr-3021	709	4	their	their	PRON
cblr-3021	709	5	ups	up	NOUN
cblr-3021	709	6	and	and	CCONJ
cblr-3021	709	7	downs	down	NOUN
cblr-3021	709	8	.	.	PUNCT
cblr-3021	710	1	finally	finally	ADV
cblr-3021	710	2	,	,	PUNCT
cblr-3021	710	3	venture	venture	NOUN
cblr-3021	710	4	funding	funding	NOUN
cblr-3021	710	5	constitutes	constitute	VERB
cblr-3021	710	6	productive	productive	ADJ
cblr-3021	710	7	societal	societal	ADJ
cblr-3021	710	8	investment	investment	NOUN
cblr-3021	710	9	independent	independent	ADJ
cblr-3021	710	10	of	of	ADP
cblr-3021	710	11	cycles	cycle	NOUN
cblr-3021	710	12	:	:	PUNCT
cblr-3021	710	13	during	during	ADP
cblr-3021	710	14	the	the	DET
cblr-3021	710	15	last	last	ADJ
cblr-3021	710	16	venture	venture	NOUN
cblr-3021	710	17	capital	capital	NOUN
cblr-3021	710	18	downturn	downturn	NOUN
cblr-3021	710	19	in	in	ADP
cblr-3021	710	20	1990	1990	NUM
cblr-3021	710	21	-	-	SYM
cblr-3021	710	22	1992	1992	NUM
cblr-3021	710	23	,	,	PUNCT
cblr-3021	710	24	some	some	PRON
cblr-3021	710	25	of	of	ADP
cblr-3021	710	26	the	the	DET
cblr-3021	710	27	most	most	ADV
cblr-3021	710	28	successful	successful	ADJ
cblr-3021	710	29	companies	company	NOUN
cblr-3021	710	30	in	in	ADP
cblr-3021	710	31	the	the	DET
cblr-3021	710	32	country	country	NOUN
cblr-3021	710	33	,	,	PUNCT
cblr-3021	710	34	such	such	ADJ
cblr-3021	710	35	as	as	ADP
cblr-3021	710	36	starbucks	starbuck	NOUN
cblr-3021	710	37	,	,	PUNCT
cblr-3021	710	38	mcafee	mcafee	NOUN
cblr-3021	710	39	,	,	PUNCT
cblr-3021	710	40	intuit	intuit	NOUN
cblr-3021	710	41	,	,	PUNCT
cblr-3021	710	42	palm	palm	NOUN
cblr-3021	710	43	computing	computing	NOUN
cblr-3021	710	44	,	,	PUNCT
cblr-3021	710	45	ftp	ftp	PROPN
cblr-3021	710	46	software	software	PROPN
cblr-3021	710	47	,	,	PUNCT
cblr-3021	710	48	efax	efax	PROPN
cblr-3021	710	49	,	,	PUNCT
cblr-3021	710	50	and	and	CCONJ
cblr-3021	710	51	checkfree	checkfree	NOUN
cblr-3021	710	52	,	,	PUNCT
cblr-3021	710	53	received	receive	VERB
cblr-3021	710	54	their	their	PRON
cblr-3021	710	55	series	series	NOUN
cblr-3021	710	56	a	a	DET
cblr-3021	710	57	round	round	NOUN
cblr-3021	710	58	of	of	ADP
cblr-3021	710	59	financing.1	financing.1	PROPN
cblr-3021	710	60	63	63	NUM
cblr-3021	710	61	during	during	ADP
cblr-3021	710	62	the	the	DET
cblr-3021	710	63	past	past	ADJ
cblr-3021	710	64	three	three	NUM
cblr-3021	710	65	years	year	NOUN
cblr-3021	710	66	,	,	PUNCT
cblr-3021	710	67	a	a	DET
cblr-3021	710	68	peak	peak	NOUN
cblr-3021	710	69	,	,	PUNCT
cblr-3021	710	70	venture	venture	NOUN
cblr-3021	710	71	financing	financing	NOUN
cblr-3021	710	72	has	have	AUX
cblr-3021	710	73	exceeded	exceed	VERB
cblr-3021	710	74	the	the	DET
cblr-3021	710	75	federal	federal	ADJ
cblr-3021	710	76	nondefense	nondefense	PROPN
cblr-3021	710	77	research	research	NOUN
cblr-3021	710	78	and	and	CCONJ
cblr-3021	710	79	development	development	NOUN
cblr-3021	710	80	budget.164	budget.164	NOUN
cblr-3021	710	81	furthermore	furthermore	ADV
cblr-3021	710	82	,	,	PUNCT
cblr-3021	710	83	the	the	DET
cblr-3021	710	84	private	private	ADJ
cblr-3021	710	85	actors	actor	NOUN
cblr-3021	710	86	allocating	allocate	VERB
cblr-3021	710	87	venture	venture	NOUN
cblr-3021	710	88	financing	financing	NOUN
cblr-3021	710	89	do	do	AUX
cblr-3021	710	90	not	not	PART
cblr-3021	710	91	do	do	VERB
cblr-3021	710	92	so	so	ADV
cblr-3021	710	93	to	to	PART
cblr-3021	710	94	lose	lose	VERB
cblr-3021	710	95	money	money	NOUN
cblr-3021	710	96	,	,	PUNCT
cblr-3021	710	97	and	and	CCONJ
cblr-3021	710	98	commercial	commercial	ADJ
cblr-3021	710	99	success	success	NOUN
cblr-3021	710	100	is	be	AUX
cblr-3021	710	101	what	what	PRON
cblr-3021	710	102	makes	make	VERB
cblr-3021	710	103	money	money	NOUN
cblr-3021	710	104	for	for	ADP
cblr-3021	710	105	companies	company	NOUN
cblr-3021	710	106	and	and	CCONJ
cblr-3021	710	107	venture	venture	NOUN
cblr-3021	710	108	capitalists	capitalist	NOUN
cblr-3021	710	109	alike	alike	ADV
cblr-3021	710	110	.	.	PUNCT
cblr-3021	711	1	161	161	NUM
cblr-3021	711	2	see	see	VERB
cblr-3021	711	3	taylor	taylor	PROPN
cblr-3021	711	4	,	,	PUNCT
cblr-3021	711	5	supra	supra	PROPN
cblr-3021	711	6	note	note	PROPN
cblr-3021	711	7	67	67	NUM
cblr-3021	711	8	(	(	PUNCT
cblr-3021	711	9	presenting	present	VERB
cblr-3021	711	10	a	a	DET
cblr-3021	711	11	graph	graph	NOUN
cblr-3021	711	12	from	from	ADP
cblr-3021	711	13	venture	venture	NOUN
cblr-3021	711	14	economics	economic	NOUN
cblr-3021	711	15	and	and	CCONJ
cblr-3021	711	16	the	the	DET
cblr-3021	711	17	national	national	PROPN
cblr-3021	711	18	venture	venture	PROPN
cblr-3021	711	19	capital	capital	PROPN
cblr-3021	711	20	association	association	PROPN
cblr-3021	711	21	that	that	PRON
cblr-3021	711	22	displays	display	VERB
cblr-3021	711	23	the	the	DET
cblr-3021	711	24	quarterly	quarterly	ADJ
cblr-3021	711	25	returns	return	NOUN
cblr-3021	711	26	of	of	ADP
cblr-3021	711	27	venture	venture	NOUN
cblr-3021	711	28	capital	capital	NOUN
cblr-3021	711	29	partnerships	partnership	NOUN
cblr-3021	711	30	versus	versus	ADP
cblr-3021	711	31	the	the	DET
cblr-3021	711	32	nasdaq	nasdaq	NOUN
cblr-3021	711	33	from	from	ADP
cblr-3021	711	34	1986	1986	NUM
cblr-3021	711	35	-	-	SYM
cblr-3021	711	36	1999	1999	NUM
cblr-3021	711	37	and	and	CCONJ
cblr-3021	711	38	reveals	reveal	VERB
cblr-3021	711	39	the	the	DET
cblr-3021	711	40	nasdaq	nasdaq	PROPN
cblr-3021	711	41	to	to	PART
cblr-3021	711	42	be	be	AUX
cblr-3021	711	43	two	two	NUM
cblr-3021	711	44	to	to	PART
cblr-3021	711	45	four	four	NUM
cblr-3021	711	46	times	time	NOUN
cblr-3021	711	47	more	more	ADV
cblr-3021	711	48	volatile	volatile	ADJ
cblr-3021	711	49	)	)	PUNCT
cblr-3021	711	50	.	.	PUNCT
cblr-3021	712	1	the	the	DET
cblr-3021	712	2	venture	venture	NOUN
cblr-3021	712	3	backed	back	VERB
cblr-3021	712	4	stock	stock	NOUN
cblr-3021	712	5	index	index	NOUN
cblr-3021	712	6	(	(	PUNCT
cblr-3021	712	7	pvci	pvci	NOUN
cblr-3021	712	8	)	)	PUNCT
cblr-3021	712	9	outperformed	outperform	VERB
cblr-3021	712	10	the	the	DET
cblr-3021	712	11	s&p	s&p	PROPN
cblr-3021	712	12	500	500	NUM
cblr-3021	712	13	,	,	PUNCT
cblr-3021	712	14	dow	dow	PROPN
cblr-3021	712	15	jones	jones	PROPN
cblr-3021	712	16	,	,	PUNCT
cblr-3021	712	17	and	and	CCONJ
cblr-3021	712	18	the	the	DET
cblr-3021	712	19	nasdaq	nasdaq	NOUN
cblr-3021	712	20	with	with	ADP
cblr-3021	712	21	ten	ten	NUM
cblr-3021	712	22	-	-	PUNCT
cblr-3021	712	23	year	year	NOUN
cblr-3021	712	24	returns	return	NOUN
cblr-3021	712	25	of	of	ADP
cblr-3021	712	26	26.2	26.2	NUM
cblr-3021	712	27	%	%	NOUN
cblr-3021	712	28	versus	versus	ADP
cblr-3021	712	29	15.3	15.3	NUM
cblr-3021	712	30	%	%	NOUN
cblr-3021	712	31	,	,	PUNCT
cblr-3021	712	32	15.4	15.4	NUM
cblr-3021	712	33	%	%	NOUN
cblr-3021	712	34	,	,	PUNCT
cblr-3021	712	35	and	and	CCONJ
cblr-3021	712	36	24.5	24.5	NUM
cblr-3021	712	37	%	%	NOUN
cblr-3021	712	38	,	,	PUNCT
cblr-3021	712	39	respectively	respectively	ADV
cblr-3021	712	40	.	.	PUNCT
cblr-3021	713	1	see	see	VERB
cblr-3021	713	2	i	i	PRON
cblr-3021	713	3	d.	d.	PROPN
cblr-3021	713	4	162	162	NUM
cblr-3021	713	5	beltz	beltz	PROPN
cblr-3021	713	6	,	,	PUNCT
cblr-3021	713	7	supra	supra	PROPN
cblr-3021	713	8	note	note	NOUN
cblr-3021	713	9	4	4	NUM
cblr-3021	713	10	,	,	PUNCT
cblr-3021	713	11	at	at	ADP
cblr-3021	713	12	61	61	NUM
cblr-3021	713	13	-	-	SYM
cblr-3021	713	14	94	94	NUM
cblr-3021	713	15	.	.	PUNCT
cblr-3021	714	1	16	16	NUM
cblr-3021	714	2	'	'	PART
cblr-3021	714	3	taylor	taylor	PROPN
cblr-3021	714	4	,	,	PUNCT
cblr-3021	714	5	supra	supra	PROPN
cblr-3021	714	6	note	note	PROPN
cblr-3021	714	7	67	67	NUM
cblr-3021	714	8	.	.	NOUN
cblr-3021	714	9	164	164	NUM
cblr-3021	715	1	i	i	NOUN
cblr-3021	715	2	d.	d.	PROPN
cblr-3021	716	1	[	[	X
cblr-3021	716	2	vol	vol	NOUN
cblr-3021	716	3	.	.	PUNCT
cblr-3021	716	4	2004	2004	NUM
cblr-3021	716	5	investing	invest	VERB
cblr-3021	716	6	in	in	ADP
cblr-3021	716	7	frivolous	frivolous	ADJ
cblr-3021	716	8	ideas	idea	NOUN
cblr-3021	716	9	is	be	AUX
cblr-3021	716	10	not	not	PART
cblr-3021	716	11	the	the	DET
cblr-3021	716	12	rule	rule	NOUN
cblr-3021	716	13	for	for	ADP
cblr-3021	716	14	credible	credible	ADJ
cblr-3021	716	15	venture	venture	NOUN
cblr-3021	716	16	capitalists	capitalist	NOUN
cblr-3021	716	17	.	.	PUNCT
cblr-3021	717	1	however	however	ADV
cblr-3021	717	2	,	,	PUNCT
cblr-3021	717	3	their	their	PRON
cblr-3021	717	4	willingness	willingness	NOUN
cblr-3021	717	5	to	to	PART
cblr-3021	717	6	accept	accept	VERB
cblr-3021	717	7	risk	risk	NOUN
cblr-3021	717	8	to	to	PART
cblr-3021	717	9	fund	fund	VERB
cblr-3021	717	10	unproven	unproven	ADJ
cblr-3021	717	11	,	,	PUNCT
cblr-3021	717	12	yet	yet	ADV
cblr-3021	717	13	promising	promising	ADJ
cblr-3021	717	14	,	,	PUNCT
cblr-3021	717	15	ideas	idea	NOUN
cblr-3021	717	16	provides	provide	VERB
cblr-3021	717	17	society	society	NOUN
cblr-3021	717	18	with	with	ADP
cblr-3021	717	19	the	the	DET
cblr-3021	717	20	competitive	competitive	ADJ
cblr-3021	717	21	laboratory	laboratory	NOUN
cblr-3021	717	22	to	to	PART
cblr-3021	717	23	test	test	VERB
cblr-3021	717	24	those	those	DET
cblr-3021	717	25	ideas	idea	NOUN
cblr-3021	717	26	,	,	PUNCT
cblr-3021	717	27	to	to	PART
cblr-3021	717	28	invalidate	invalidate	VERB
cblr-3021	717	29	bad	bad	ADJ
cblr-3021	717	30	ones	one	NOUN
cblr-3021	717	31	,	,	PUNCT
cblr-3021	717	32	and	and	CCONJ
cblr-3021	717	33	to	to	AUX
cblr-3021	717	34	more	more	ADV
cblr-3021	717	35	rapidly	rapidly	ADV
cblr-3021	717	36	implement	implement	VERB
cblr-3021	717	37	good	good	ADJ
cblr-3021	717	38	ones	one	NOUN
cblr-3021	717	39	.	.	PUNCT
cblr-3021	718	1	by	by	ADP
cblr-3021	718	2	accelerating	accelerate	VERB
cblr-3021	718	3	the	the	DET
cblr-3021	718	4	development	development	NOUN
cblr-3021	718	5	of	of	ADP
cblr-3021	718	6	a	a	DET
cblr-3021	718	7	greater	great	ADJ
cblr-3021	718	8	variety	variety	NOUN
cblr-3021	718	9	in	in	ADP
cblr-3021	718	10	consumer	consumer	NOUN
cblr-3021	718	11	-	-	PUNCT
cblr-3021	718	12	selected	select	VERB
cblr-3021	718	13	innovations	innovation	NOUN
cblr-3021	718	14	,	,	PUNCT
cblr-3021	718	15	venture	venture	NOUN
cblr-3021	718	16	capital	capital	NOUN
cblr-3021	718	17	benefits	benefit	VERB
cblr-3021	718	18	all	all	DET
cblr-3021	718	19	citizens	citizen	NOUN
cblr-3021	718	20	.	.	PUNCT
cblr-3021	719	1	thus	thus	ADV
cblr-3021	719	2	,	,	PUNCT
cblr-3021	719	3	the	the	DET
cblr-3021	719	4	main	main	ADJ
cblr-3021	719	5	issue	issue	NOUN
cblr-3021	719	6	is	be	AUX
cblr-3021	719	7	not	not	PART
cblr-3021	719	8	whether	whether	SCONJ
cblr-3021	719	9	there	there	PRON
cblr-3021	719	10	is	be	VERB
cblr-3021	719	11	more	more	ADJ
cblr-3021	719	12	venture	venture	NOUN
cblr-3021	719	13	investing	investing	NOUN
cblr-3021	719	14	than	than	SCONJ
cblr-3021	719	15	would	would	AUX
cblr-3021	719	16	be	be	AUX
cblr-3021	719	17	efficient	efficient	ADJ
cblr-3021	719	18	,	,	PUNCT
cblr-3021	719	19	but	but	CCONJ
cblr-3021	719	20	how	how	SCONJ
cblr-3021	719	21	capital	capital	NOUN
cblr-3021	719	22	formation	formation	NOUN
cblr-3021	719	23	can	can	AUX
cblr-3021	719	24	be	be	AUX
cblr-3021	719	25	promoted	promote	VERB
cblr-3021	719	26	,	,	PUNCT
cblr-3021	719	27	balanced	balance	VERB
cblr-3021	719	28	with	with	ADP
cblr-3021	719	29	the	the	DET
cblr-3021	719	30	policy	policy	NOUN
cblr-3021	719	31	concerns	concern	NOUN
cblr-3021	719	32	of	of	ADP
cblr-3021	719	33	investor	investor	NOUN
cblr-3021	719	34	protection	protection	NOUN
cblr-3021	719	35	and	and	CCONJ
cblr-3021	719	36	promotion	promotion	NOUN
cblr-3021	719	37	of	of	ADP
cblr-3021	719	38	economic	economic	ADJ
cblr-3021	719	39	growth	growth	NOUN
cblr-3021	719	40	.	.	PUNCT
cblr-3021	720	1	the	the	DET
cblr-3021	720	2	legislative	legislative	ADJ
cblr-3021	720	3	analysis	analysis	NOUN
cblr-3021	720	4	above	above	ADV
cblr-3021	720	5	,	,	PUNCT
cblr-3021	720	6	coupled	couple	VERB
cblr-3021	720	7	with	with	ADP
cblr-3021	720	8	the	the	DET
cblr-3021	720	9	opinions	opinion	NOUN
cblr-3021	720	10	of	of	ADP
cblr-3021	720	11	most	most	ADJ
cblr-3021	720	12	economists	economist	NOUN
cblr-3021	720	13	,	,	PUNCT
cblr-3021	720	14	reveals	reveal	VERB
cblr-3021	720	15	that	that	SCONJ
cblr-3021	720	16	government	government	NOUN
cblr-3021	720	17	intervention	intervention	NOUN
cblr-3021	720	18	will	will	AUX
cblr-3021	720	19	be	be	AUX
cblr-3021	720	20	most	most	ADV
cblr-3021	720	21	effective	effective	ADJ
cblr-3021	720	22	in	in	ADP
cblr-3021	720	23	deregulation	deregulation	NOUN
cblr-3021	720	24	,	,	PUNCT
cblr-3021	720	25	not	not	PART
cblr-3021	720	26	in	in	ADP
cblr-3021	720	27	the	the	DET
cblr-3021	720	28	creation	creation	NOUN
cblr-3021	720	29	of	of	ADP
cblr-3021	720	30	new	new	ADJ
cblr-3021	720	31	programs	program	NOUN
cblr-3021	720	32	.	.	PUNCT
cblr-3021	721	1	the	the	DET
cblr-3021	721	2	poor	poor	ADJ
cblr-3021	721	3	track	track	NOUN
cblr-3021	721	4	record	record	NOUN
cblr-3021	721	5	of	of	ADP
cblr-3021	721	6	bdcs	bdcs	PROPN
cblr-3021	721	7	,	,	PUNCT
cblr-3021	721	8	sbics	sbic	NOUN
cblr-3021	721	9	,	,	PUNCT
cblr-3021	721	10	statesponsored	statesponsore	VERB
cblr-3021	721	11	venture	venture	NOUN
cblr-3021	721	12	funds	fund	NOUN
cblr-3021	721	13	,	,	PUNCT
cblr-3021	721	14	and	and	CCONJ
cblr-3021	721	15	the	the	DET
cblr-3021	721	16	federal	federal	ADJ
cblr-3021	721	17	immigrant	immigrant	ADJ
cblr-3021	721	18	investor	investor	NOUN
cblr-3021	721	19	program	program	NOUN
cblr-3021	721	20	,	,	PUNCT
cblr-3021	721	21	particularly	particularly	ADV
cblr-3021	721	22	when	when	SCONJ
cblr-3021	721	23	contrasted	contrast	VERB
cblr-3021	721	24	with	with	ADP
cblr-3021	721	25	the	the	DET
cblr-3021	721	26	success	success	NOUN
cblr-3021	721	27	of	of	ADP
cblr-3021	721	28	private	private	ADJ
cblr-3021	721	29	sector	sector	NOUN
cblr-3021	721	30	innovation	innovation	NOUN
cblr-3021	721	31	,	,	PUNCT
cblr-3021	721	32	all	all	PRON
cblr-3021	721	33	evince	evince	VERB
cblr-3021	721	34	this	this	DET
cblr-3021	721	35	point	point	NOUN
cblr-3021	721	36	.	.	PUNCT
cblr-3021	722	1	at	at	ADP
cblr-3021	722	2	the	the	DET
cblr-3021	722	3	same	same	ADJ
cblr-3021	722	4	time	time	NOUN
cblr-3021	722	5	,	,	PUNCT
cblr-3021	722	6	beltz	beltz	PROPN
cblr-3021	722	7	notes	note	VERB
cblr-3021	722	8	that	that	SCONJ
cblr-3021	722	9	the	the	DET
cblr-3021	722	10	political	political	ADJ
cblr-3021	722	11	reality	reality	NOUN
cblr-3021	722	12	is	be	AUX
cblr-3021	722	13	that	that	SCONJ
cblr-3021	722	14	"	"	PUNCT
cblr-3021	722	15	despite	despite	SCONJ
cblr-3021	722	16	its	its	PRON
cblr-3021	722	17	long	long	ADJ
cblr-3021	722	18	history	history	NOUN
cblr-3021	722	19	,	,	PUNCT
cblr-3021	722	20	the	the	DET
cblr-3021	722	21	washington	washington	PROPN
cblr-3021	722	22	venture	venture	NOUN
cblr-3021	722	23	capital	capital	NOUN
cblr-3021	722	24	debate	debate	NOUN
cblr-3021	722	25	has	have	AUX
cblr-3021	722	26	focused	focus	VERB
cblr-3021	722	27	more	more	ADJ
cblr-3021	722	28	on	on	ADP
cblr-3021	722	29	form	form	NOUN
cblr-3021	722	30	than	than	ADP
cblr-3021	722	31	on	on	ADP
cblr-3021	722	32	substance	substance	NOUN
cblr-3021	722	33	,	,	PUNCT
cblr-3021	722	34	that	that	PRON
cblr-3021	722	35	is	be	AUX
cblr-3021	722	36	where	where	SCONJ
cblr-3021	722	37	a	a	DET
cblr-3021	722	38	new	new	ADJ
cblr-3021	722	39	program	program	NOUN
cblr-3021	722	40	should	should	AUX
cblr-3021	722	41	be	be	AUX
cblr-3021	722	42	housed	house	VERB
cblr-3021	722	43	,	,	PUNCT
cblr-3021	722	44	who	who	PRON
cblr-3021	722	45	...	...	PUNCT
cblr-3021	722	46	gets	get	VERB
cblr-3021	722	47	control	control	NOUN
cblr-3021	722	48	,	,	PUNCT
cblr-3021	722	49	and	and	CCONJ
cblr-3021	722	50	how	how	SCONJ
cblr-3021	722	51	the	the	DET
cblr-3021	722	52	program	program	NOUN
cblr-3021	722	53	should	should	AUX
cblr-3021	722	54	be	be	AUX
cblr-3021	722	55	structured	structure	VERB
cblr-3021	722	56	.	.	PUNCT
cblr-3021	723	1	"65	"65	PUNCT
cblr-3021	723	2	thus	thus	ADV
cblr-3021	723	3	,	,	PUNCT
cblr-3021	723	4	redefining	redefine	VERB
cblr-3021	723	5	the	the	DET
cblr-3021	723	6	political	political	ADJ
cblr-3021	723	7	debate	debate	NOUN
cblr-3021	723	8	constitutes	constitute	VERB
cblr-3021	723	9	an	an	DET
cblr-3021	723	10	important	important	ADJ
cblr-3021	723	11	step	step	NOUN
cblr-3021	723	12	.	.	PUNCT
cblr-3021	724	1	in	in	ADP
cblr-3021	724	2	this	this	DET
cblr-3021	724	3	sense	sense	NOUN
cblr-3021	724	4	,	,	PUNCT
cblr-3021	724	5	the	the	DET
cblr-3021	724	6	nsmia	nsmia	NOUN
cblr-3021	724	7	and	and	CCONJ
cblr-3021	724	8	the	the	DET
cblr-3021	724	9	cacl	cacl	PROPN
cblr-3021	724	10	,	,	PUNCT
cblr-3021	724	11	regardless	regardless	ADV
cblr-3021	724	12	of	of	ADP
cblr-3021	724	13	their	their	PRON
cblr-3021	724	14	substantive	substantive	ADJ
cblr-3021	724	15	merits	merit	NOUN
cblr-3021	724	16	,	,	PUNCT
cblr-3021	724	17	represent	represent	VERB
cblr-3021	724	18	important	important	ADJ
cblr-3021	724	19	progress	progress	NOUN
cblr-3021	724	20	because	because	SCONJ
cblr-3021	724	21	they	they	PRON
cblr-3021	724	22	have	have	AUX
cblr-3021	724	23	served	serve	VERB
cblr-3021	724	24	to	to	PART
cblr-3021	724	25	put	put	VERB
cblr-3021	724	26	regulation	regulation	NOUN
cblr-3021	724	27	and	and	CCONJ
cblr-3021	724	28	capital	capital	NOUN
cblr-3021	724	29	access	access	NOUN
cblr-3021	724	30	back	back	ADV
cblr-3021	724	31	on	on	ADP
cblr-3021	724	32	the	the	DET
cblr-3021	724	33	legislative	legislative	ADJ
cblr-3021	724	34	agenda	agenda	NOUN
cblr-3021	724	35	and	and	CCONJ
cblr-3021	724	36	within	within	ADP
cblr-3021	724	37	the	the	DET
cblr-3021	724	38	arena	arena	NOUN
cblr-3021	724	39	of	of	ADP
cblr-3021	724	40	local	local	ADJ
cblr-3021	724	41	and	and	CCONJ
cblr-3021	724	42	national	national	ADJ
cblr-3021	724	43	public	public	ADJ
cblr-3021	724	44	debate	debate	NOUN
cblr-3021	724	45	.	.	PUNCT
cblr-3021	725	1	implementing	implement	VERB
cblr-3021	725	2	effective	effective	ADJ
cblr-3021	725	3	regulatory	regulatory	ADJ
cblr-3021	725	4	relief	relief	NOUN
cblr-3021	725	5	is	be	AUX
cblr-3021	725	6	complicated	complicated	ADJ
cblr-3021	725	7	.	.	PUNCT
cblr-3021	726	1	as	as	SCONJ
cblr-3021	726	2	the	the	DET
cblr-3021	726	3	task	task	NOUN
cblr-3021	726	4	force	force	NOUN
cblr-3021	726	5	of	of	ADP
cblr-3021	726	6	hedge	hedge	NOUN
cblr-3021	726	7	funds	fund	NOUN
cblr-3021	726	8	,	,	PUNCT
cblr-3021	726	9	an	an	DET
cblr-3021	726	10	influential	influential	ADJ
cblr-3021	726	11	voice	voice	NOUN
cblr-3021	726	12	in	in	ADP
cblr-3021	726	13	the	the	DET
cblr-3021	726	14	creation	creation	NOUN
cblr-3021	726	15	of	of	ADP
cblr-3021	726	16	nsmia	nsmia	NOUN
cblr-3021	726	17	,	,	PUNCT
cblr-3021	726	18	noted	note	VERB
cblr-3021	726	19	,	,	PUNCT
cblr-3021	726	20	"	"	PUNCT
cblr-3021	726	21	any	any	DET
cblr-3021	726	22	change	change	NOUN
cblr-3021	726	23	...	...	PUNCT
cblr-3021	726	24	needs	need	VERB
cblr-3021	726	25	to	to	PART
cblr-3021	726	26	be	be	AUX
cblr-3021	726	27	carefully	carefully	ADV
cblr-3021	726	28	reviewed	review	VERB
cblr-3021	726	29	to	to	PART
cblr-3021	726	30	strike	strike	VERB
cblr-3021	726	31	an	an	DET
cblr-3021	726	32	appropriate	appropriate	ADJ
cblr-3021	726	33	balance	balance	NOUN
cblr-3021	726	34	between	between	ADP
cblr-3021	726	35	the	the	DET
cblr-3021	726	36	public	public	ADJ
cblr-3021	726	37	policy	policy	NOUN
cblr-3021	726	38	goals	goal	NOUN
cblr-3021	726	39	of	of	ADP
cblr-3021	726	40	(	(	PUNCT
cblr-3021	726	41	i	i	NOUN
cblr-3021	726	42	)	)	PUNCT
cblr-3021	726	43	protecting	protect	VERB
cblr-3021	726	44	investors	investor	NOUN
cblr-3021	726	45	,	,	PUNCT
cblr-3021	726	46	(	(	PUNCT
cblr-3021	726	47	ii	ii	NOUN
cblr-3021	726	48	)	)	PUNCT
cblr-3021	726	49	encouraging	encourage	VERB
cblr-3021	726	50	innovation	innovation	NOUN
cblr-3021	726	51	and	and	CCONJ
cblr-3021	726	52	flexibility	flexibility	NOUN
cblr-3021	726	53	,	,	PUNCT
cblr-3021	726	54	and	and	CCONJ
cblr-3021	726	55	(	(	PUNCT
cblr-3021	726	56	iii	iii	NOUN
cblr-3021	726	57	)	)	PUNCT
cblr-3021	726	58	facilitating	facilitate	VERB
cblr-3021	726	59	165	165	NUM
cblr-3021	726	60	beltz	beltz	NOUN
cblr-3021	726	61	,	,	PUNCT
cblr-3021	726	62	supra	supra	PROPN
cblr-3021	726	63	note	note	NOUN
cblr-3021	726	64	4	4	NUM
cblr-3021	726	65	,	,	PUNCT
cblr-3021	726	66	at	at	ADP
cblr-3021	726	67	11	11	NUM
cblr-3021	726	68	.	.	PUNCT
cblr-3021	727	1	venture	venture	NOUN
cblr-3021	727	2	capital	capital	NOUN
cblr-3021	727	3	formation	formation	NOUN
cblr-3021	727	4	and	and	CCONJ
cblr-3021	727	5	accessno	accessno	NOUN
cblr-3021	727	6	.	.	PUNCT
cblr-3021	728	1	1:77	1:77	NUM
cblr-3021	728	2	]	]	X
cblr-3021	728	3	capital	capital	NOUN
cblr-3021	728	4	formation	formation	NOUN
cblr-3021	728	5	.	.	PUNCT
cblr-3021	729	1	"166	"166	AUX
cblr-3021	729	2	achieving	achieve	VERB
cblr-3021	729	3	a	a	DET
cblr-3021	729	4	balanced	balanced	ADJ
cblr-3021	729	5	approach	approach	NOUN
cblr-3021	729	6	to	to	ADP
cblr-3021	729	7	regulatory	regulatory	ADJ
cblr-3021	729	8	relief	relief	NOUN
cblr-3021	729	9	that	that	PRON
cblr-3021	729	10	is	be	AUX
cblr-3021	729	11	politically	politically	ADV
cblr-3021	729	12	acceptable	acceptable	ADJ
cblr-3021	729	13	undoubtedly	undoubtedly	ADV
cblr-3021	729	14	will	will	AUX
cblr-3021	729	15	take	take	VERB
cblr-3021	729	16	serious	serious	ADJ
cblr-3021	729	17	effort	effort	NOUN
cblr-3021	729	18	.	.	PUNCT
cblr-3021	730	1	furthermore	furthermore	ADV
cblr-3021	730	2	,	,	PUNCT
cblr-3021	730	3	it	it	PRON
cblr-3021	730	4	will	will	AUX
cblr-3021	730	5	require	require	VERB
cblr-3021	730	6	a	a	DET
cblr-3021	730	7	continued	continued	ADJ
cblr-3021	730	8	,	,	PUNCT
cblr-3021	730	9	focused	focused	ADJ
cblr-3021	730	10	assessment	assessment	NOUN
cblr-3021	730	11	of	of	ADP
cblr-3021	730	12	the	the	DET
cblr-3021	730	13	rationales	rationale	NOUN
cblr-3021	730	14	underlying	underlie	VERB
cblr-3021	730	15	regulation	regulation	NOUN
cblr-3021	730	16	and	and	CCONJ
cblr-3021	730	17	our	our	PRON
cblr-3021	730	18	enterprise	enterprise	NOUN
cblr-3021	730	19	system	system	NOUN
cblr-3021	730	20	.	.	PUNCT
cblr-3021	731	1	however	however	ADV
cblr-3021	731	2	,	,	PUNCT
cblr-3021	731	3	such	such	DET
cblr-3021	731	4	an	an	DET
cblr-3021	731	5	effort	effort	NOUN
cblr-3021	731	6	is	be	AUX
cblr-3021	731	7	necessary	necessary	ADJ
cblr-3021	731	8	to	to	PART
cblr-3021	731	9	provide	provide	VERB
cblr-3021	731	10	capital	capital	NOUN
cblr-3021	731	11	for	for	ADP
cblr-3021	731	12	the	the	DET
cblr-3021	731	13	small	small	ADJ
cblr-3021	731	14	companies	company	NOUN
cblr-3021	731	15	that	that	PRON
cblr-3021	731	16	drive	drive	VERB
cblr-3021	731	17	economic	economic	ADJ
cblr-3021	731	18	growth	growth	NOUN
cblr-3021	731	19	.	.	PUNCT
cblr-3021	732	1	b.	b.	PROPN
cblr-3021	732	2	possible	possible	ADJ
cblr-3021	732	3	solutions	solution	NOUN
cblr-3021	732	4	the	the	DET
cblr-3021	732	5	following	follow	VERB
cblr-3021	732	6	legislative	legislative	ADJ
cblr-3021	732	7	measures	measure	NOUN
cblr-3021	732	8	may	may	AUX
cblr-3021	732	9	represent	represent	VERB
cblr-3021	732	10	possible	possible	ADJ
cblr-3021	732	11	methods	method	NOUN
cblr-3021	732	12	of	of	ADP
cblr-3021	732	13	improving	improve	VERB
cblr-3021	732	14	capital	capital	NOUN
cblr-3021	732	15	formation	formation	NOUN
cblr-3021	732	16	while	while	SCONJ
cblr-3021	732	17	balancing	balance	VERB
cblr-3021	732	18	the	the	DET
cblr-3021	732	19	underlying	underlie	VERB
cblr-3021	732	20	policy	policy	NOUN
cblr-3021	732	21	concerns	concern	NOUN
cblr-3021	732	22	of	of	ADP
cblr-3021	732	23	investor	investor	NOUN
cblr-3021	732	24	protection	protection	NOUN
cblr-3021	732	25	and	and	CCONJ
cblr-3021	732	26	promotion	promotion	NOUN
cblr-3021	732	27	of	of	ADP
cblr-3021	732	28	economic	economic	ADJ
cblr-3021	732	29	growth	growth	NOUN
cblr-3021	732	30	.	.	PUNCT
cblr-3021	733	1	1	1	X
cblr-3021	733	2	.	.	X
cblr-3021	733	3	revising	revise	VERB
cblr-3021	733	4	the	the	DET
cblr-3021	733	5	application	application	NOUN
cblr-3021	733	6	of	of	ADP
cblr-3021	733	7	investor	investor	NOUN
cblr-3021	733	8	accreditation	accreditation	NOUN
cblr-3021	733	9	removing	remove	VERB
cblr-3021	733	10	the	the	DET
cblr-3021	733	11	"	"	PUNCT
cblr-3021	733	12	accredited	accredited	ADJ
cblr-3021	733	13	investor	investor	NOUN
cblr-3021	733	14	"	"	PUNCT
cblr-3021	733	15	criteria	criterion	NOUN
cblr-3021	733	16	for	for	ADP
cblr-3021	733	17	§	§	PROPN
cblr-3021	733	18	6(a)(5	6(a)(5	NUM
cblr-3021	733	19	)	)	PUNCT
cblr-3021	733	20	exempt	exempt	ADJ
cblr-3021	733	21	funds	fund	NOUN
cblr-3021	733	22	might	might	AUX
cblr-3021	733	23	be	be	AUX
cblr-3021	733	24	a	a	DET
cblr-3021	733	25	controversial	controversial	ADJ
cblr-3021	733	26	idea	idea	NOUN
cblr-3021	733	27	,	,	PUNCT
cblr-3021	733	28	but	but	CCONJ
cblr-3021	733	29	an	an	DET
cblr-3021	733	30	exemption	exemption	NOUN
cblr-3021	733	31	should	should	AUX
cblr-3021	733	32	be	be	AUX
cblr-3021	733	33	considered	consider	VERB
cblr-3021	733	34	for	for	ADP
cblr-3021	733	35	angel	angel	NOUN
cblr-3021	733	36	investors	investor	NOUN
cblr-3021	733	37	.	.	PUNCT
cblr-3021	734	1	the	the	DET
cblr-3021	734	2	current	current	ADJ
cblr-3021	734	3	system	system	NOUN
cblr-3021	734	4	limits	limit	VERB
cblr-3021	734	5	the	the	DET
cblr-3021	734	6	superior	superior	ADJ
cblr-3021	734	7	returns	return	NOUN
cblr-3021	734	8	provided	provide	VERB
cblr-3021	734	9	by	by	ADP
cblr-3021	734	10	venture	venture	NOUN
cblr-3021	734	11	investment	investment	NOUN
cblr-3021	734	12	to	to	ADP
cblr-3021	734	13	very	very	ADV
cblr-3021	734	14	wealthy	wealthy	ADJ
cblr-3021	734	15	individuals	individual	NOUN
cblr-3021	734	16	.	.	PUNCT
cblr-3021	735	1	roughly	roughly	ADV
cblr-3021	735	2	5	5	NUM
cblr-3021	735	3	million	million	NUM
cblr-3021	735	4	of	of	ADP
cblr-3021	735	5	the	the	DET
cblr-3021	735	6	41	41	NUM
cblr-3021	735	7	million	million	NUM
cblr-3021	735	8	individual	individual	ADJ
cblr-3021	735	9	investors	investor	NOUN
cblr-3021	735	10	and	and	CCONJ
cblr-3021	735	11	about	about	ADV
cblr-3021	735	12	2	2	NUM
cblr-3021	735	13	%	%	NOUN
cblr-3021	735	14	of	of	ADP
cblr-3021	735	15	american	american	ADJ
cblr-3021	735	16	households	household	NOUN
cblr-3021	735	17	meet	meet	VERB
cblr-3021	735	18	this	this	DET
cblr-3021	735	19	criteria	criterion	NOUN
cblr-3021	735	20	.	.	PUNCT
cblr-3021	736	1	167	167	NUM
cblr-3021	736	2	particularly	particularly	ADV
cblr-3021	736	3	in	in	ADP
cblr-3021	736	4	the	the	DET
cblr-3021	736	5	era	era	NOUN
cblr-3021	736	6	of	of	ADP
cblr-3021	736	7	informed	informed	ADJ
cblr-3021	736	8	individual	individual	ADJ
cblr-3021	736	9	investing	investing	NOUN
cblr-3021	736	10	,	,	PUNCT
cblr-3021	736	11	it	it	PRON
cblr-3021	736	12	seems	seem	VERB
cblr-3021	736	13	unfair	unfair	ADJ
cblr-3021	736	14	that	that	SCONJ
cblr-3021	736	15	a	a	DET
cblr-3021	736	16	person	person	NOUN
cblr-3021	736	17	of	of	ADP
cblr-3021	736	18	more	more	ADV
cblr-3021	736	19	modest	modest	ADJ
cblr-3021	736	20	means	mean	NOUN
cblr-3021	736	21	should	should	AUX
cblr-3021	736	22	be	be	AUX
cblr-3021	736	23	restricted	restrict	VERB
cblr-3021	736	24	from	from	ADP
cblr-3021	736	25	putting	put	VERB
cblr-3021	736	26	his	his	PRON
cblr-3021	736	27	money	money	NOUN
cblr-3021	736	28	to	to	PART
cblr-3021	736	29	work	work	VERB
cblr-3021	736	30	in	in	ADP
cblr-3021	736	31	the	the	DET
cblr-3021	736	32	venture	venture	NOUN
cblr-3021	736	33	capital	capital	NOUN
cblr-3021	736	34	market	market	NOUN
cblr-3021	736	35	,	,	PUNCT
cblr-3021	736	36	as	as	ADV
cblr-3021	736	37	long	long	ADV
cblr-3021	736	38	as	as	SCONJ
cblr-3021	736	39	adequate	adequate	ADJ
cblr-3021	736	40	investor	investor	NOUN
cblr-3021	736	41	disclosures	disclosure	NOUN
cblr-3021	736	42	are	be	AUX
cblr-3021	736	43	made	make	VERB
cblr-3021	736	44	.	.	PUNCT
cblr-3021	737	1	government	government	NOUN
cblr-3021	737	2	-	-	PUNCT
cblr-3021	737	3	sponsored	sponsor	VERB
cblr-3021	737	4	capital	capital	NOUN
cblr-3021	737	5	access	access	NOUN
cblr-3021	737	6	funds	fund	NOUN
cblr-3021	737	7	probably	probably	ADV
cblr-3021	737	8	would	would	AUX
cblr-3021	737	9	experience	experience	VERB
cblr-3021	737	10	a	a	DET
cblr-3021	737	11	swell	swell	NOUN
cblr-3021	737	12	of	of	ADP
cblr-3021	737	13	participation	participation	NOUN
cblr-3021	737	14	by	by	ADP
cblr-3021	737	15	investors	investor	NOUN
cblr-3021	737	16	,	,	PUNCT
cblr-3021	737	17	were	be	AUX
cblr-3021	737	18	the	the	DET
cblr-3021	737	19	accreditation	accreditation	NOUN
cblr-3021	737	20	thresholds	threshold	NOUN
cblr-3021	737	21	lowered	lower	VERB
cblr-3021	737	22	.	.	PUNCT
cblr-3021	738	1	income	income	NOUN
cblr-3021	738	2	and	and	CCONJ
cblr-3021	738	3	investment	investment	NOUN
cblr-3021	738	4	thresholds	threshold	NOUN
cblr-3021	738	5	for	for	ADP
cblr-3021	738	6	the	the	DET
cblr-3021	738	7	managers	manager	NOUN
cblr-3021	738	8	or	or	CCONJ
cblr-3021	738	9	directors	director	NOUN
cblr-3021	738	10	of	of	ADP
cblr-3021	738	11	venture	venture	NOUN
cblr-3021	738	12	funds	fund	NOUN
cblr-3021	738	13	could	could	AUX
cblr-3021	738	14	be	be	AUX
cblr-3021	738	15	maintained	maintain	VERB
cblr-3021	738	16	to	to	PART
cblr-3021	738	17	ensure	ensure	VERB
cblr-3021	738	18	the	the	DET
cblr-3021	738	19	solvency	solvency	NOUN
cblr-3021	738	20	of	of	ADP
cblr-3021	738	21	funds	fund	NOUN
cblr-3021	738	22	and	and	CCONJ
cblr-3021	738	23	the	the	DET
cblr-3021	738	24	sophistication	sophistication	NOUN
cblr-3021	738	25	of	of	ADP
cblr-3021	738	26	the	the	DET
cblr-3021	738	27	general	general	ADJ
cblr-3021	738	28	partners	partner	NOUN
cblr-3021	738	29	.	.	PUNCT
cblr-3021	739	1	16	16	NUM
cblr-3021	739	2	see	see	VERB
cblr-3021	739	3	the	the	DET
cblr-3021	739	4	task	task	NOUN
cblr-3021	739	5	force	force	NOUN
cblr-3021	739	6	on	on	ADP
cblr-3021	739	7	hedge	hedge	NOUN
cblr-3021	739	8	funds	fund	NOUN
cblr-3021	739	9	,	,	PUNCT
cblr-3021	739	10	supra	supra	PROPN
cblr-3021	739	11	note	note	NOUN
cblr-3021	739	12	26	26	NUM
cblr-3021	739	13	.	.	SYM
cblr-3021	739	14	167	167	NUM
cblr-3021	739	15	see	see	VERB
cblr-3021	739	16	berlau	berlau	NOUN
cblr-3021	739	17	,	,	PUNCT
cblr-3021	739	18	supra	supra	PROPN
cblr-3021	739	19	note	note	PROPN
cblr-3021	739	20	116	116	NUM
cblr-3021	739	21	;	;	PUNCT
cblr-3021	739	22	see	see	VERB
cblr-3021	739	23	also	also	ADV
cblr-3021	739	24	u.s	u.s	PROPN
cblr-3021	739	25	.	.	PROPN
cblr-3021	739	26	census	census	PROPN
cblr-3021	739	27	bureau	bureau	PROPN
cblr-3021	739	28	,	,	PUNCT
cblr-3021	739	29	profile	profile	NOUN
cblr-3021	739	30	of	of	ADP
cblr-3021	739	31	selected	select	VERB
cblr-3021	739	32	economic	economic	ADJ
cblr-3021	739	33	characteristics	characteristic	NOUN
cblr-3021	739	34	,	,	PUNCT
cblr-3021	739	35	household	household	NOUN
cblr-3021	739	36	income	income	NOUN
cblr-3021	739	37	and	and	CCONJ
cblr-3021	739	38	benefits	benefit	NOUN
cblr-3021	739	39	(	(	PUNCT
cblr-3021	739	40	2000	2000	NUM
cblr-3021	739	41	)	)	PUNCT
cblr-3021	739	42	.	.	PUNCT
cblr-3021	740	1	columbia	columbia	PROPN
cblr-3021	740	2	business	business	PROPN
cblr-3021	740	3	la	la	PROPN
cblr-3021	740	4	w	w	PROPN
cblr-3021	740	5	review	review	NOUN
cblr-3021	740	6	[	[	X
cblr-3021	740	7	vol	vol	NOUN
cblr-3021	740	8	.	.	PUNCT
cblr-3021	740	9	2004	2004	NUM
cblr-3021	740	10	venture	venture	NOUN
cblr-3021	740	11	capital	capital	NOUN
cblr-3021	740	12	formation	formation	NOUN
cblr-3021	740	13	and	and	CCONJ
cblr-3021	740	14	access	access	NOUN
cblr-3021	740	15	2	2	NUM
cblr-3021	740	16	.	.	PUNCT
cblr-3021	740	17	adjust	adjust	VERB
cblr-3021	740	18	the	the	DET
cblr-3021	740	19	§	§	PROPN
cblr-3021	740	20	6(d)(1	6(d)(1	NUM
cblr-3021	740	21	)	)	PUNCT
cblr-3021	740	22	offering	offer	VERB
cblr-3021	740	23	exemption	exemption	NOUN
cblr-3021	740	24	amount	amount	NOUN
cblr-3021	740	25	upward	upward	ADV
cblr-3021	740	26	as	as	SCONJ
cblr-3021	740	27	mentioned	mention	VERB
cblr-3021	740	28	,	,	PUNCT
cblr-3021	740	29	the	the	DET
cblr-3021	740	30	threshold	threshold	NOUN
cblr-3021	740	31	of	of	ADP
cblr-3021	740	32	$	$	SYM
cblr-3021	740	33	10	10	NUM
cblr-3021	740	34	million	million	NUM
cblr-3021	740	35	for	for	ADP
cblr-3021	740	36	§	§	PROPN
cblr-3021	740	37	6(d)(1	6(d)(1	NUM
cblr-3021	740	38	)	)	PUNCT
cblr-3021	740	39	exempt	exempt	ADJ
cblr-3021	740	40	offerings	offering	NOUN
cblr-3021	740	41	is	be	AUX
cblr-3021	740	42	too	too	ADV
cblr-3021	740	43	low	low	ADJ
cblr-3021	740	44	to	to	PART
cblr-3021	740	45	help	help	VERB
cblr-3021	740	46	venture	venture	NOUN
cblr-3021	740	47	capital	capital	NOUN
cblr-3021	740	48	firms	firm	NOUN
cblr-3021	740	49	raise	raise	VERB
cblr-3021	740	50	money	money	NOUN
cblr-3021	740	51	because	because	SCONJ
cblr-3021	740	52	the	the	DET
cblr-3021	740	53	management	management	NOUN
cblr-3021	740	54	fees	fee	NOUN
cblr-3021	740	55	of	of	ADP
cblr-3021	740	56	$	$	SYM
cblr-3021	740	57	250,000	250,000	NUM
cblr-3021	740	58	would	would	AUX
cblr-3021	740	59	not	not	PART
cblr-3021	740	60	even	even	ADV
cblr-3021	740	61	cover	cover	VERB
cblr-3021	740	62	legal	legal	ADJ
cblr-3021	740	63	and	and	CCONJ
cblr-3021	740	64	other	other	ADJ
cblr-3021	740	65	overhead	overhead	ADJ
cblr-3021	740	66	costs	cost	NOUN
cblr-3021	740	67	necessary	necessary	ADJ
cblr-3021	740	68	to	to	PART
cblr-3021	740	69	begin	begin	VERB
cblr-3021	740	70	the	the	DET
cblr-3021	740	71	fund	fund	NOUN
cblr-3021	740	72	.	.	PUNCT
cblr-3021	741	1	increasing	increase	VERB
cblr-3021	741	2	the	the	DET
cblr-3021	741	3	exemption	exemption	NOUN
cblr-3021	741	4	aggregate	aggregate	NOUN
cblr-3021	741	5	amount	amount	NOUN
cblr-3021	741	6	to	to	ADP
cblr-3021	741	7	$	$	SYM
cblr-3021	741	8	100	100	NUM
cblr-3021	741	9	million	million	NUM
cblr-3021	741	10	would	would	AUX
cblr-3021	741	11	be	be	AUX
cblr-3021	741	12	more	more	ADV
cblr-3021	741	13	appropriate	appropriate	ADJ
cblr-3021	741	14	.	.	PUNCT
cblr-3021	742	1	at	at	ADP
cblr-3021	742	2	$	$	SYM
cblr-3021	742	3	100	100	NUM
cblr-3021	742	4	million	million	NUM
cblr-3021	742	5	,	,	PUNCT
cblr-3021	742	6	the	the	DET
cblr-3021	742	7	first	first	ADJ
cblr-3021	742	8	cut	cut	NOUN
cblr-3021	742	9	of	of	ADP
cblr-3021	742	10	management	management	NOUN
cblr-3021	742	11	fees	fee	NOUN
cblr-3021	742	12	,	,	PUNCT
cblr-3021	742	13	applying	apply	VERB
cblr-3021	742	14	the	the	DET
cblr-3021	742	15	typical	typical	ADJ
cblr-3021	742	16	2.5	2.5	NUM
cblr-3021	742	17	%	%	NOUN
cblr-3021	742	18	,	,	PUNCT
cblr-3021	742	19	generates	generate	VERB
cblr-3021	742	20	$	$	SYM
cblr-3021	742	21	2.5	2.5	NUM
cblr-3021	742	22	million	million	NUM
cblr-3021	742	23	,	,	PUNCT
cblr-3021	742	24	providing	provide	VERB
cblr-3021	742	25	a	a	DET
cblr-3021	742	26	sufficient	sufficient	ADJ
cblr-3021	742	27	cushion	cushion	NOUN
cblr-3021	742	28	for	for	ADP
cblr-3021	742	29	a	a	DET
cblr-3021	742	30	fund	fund	NOUN
cblr-3021	742	31	to	to	PART
cblr-3021	742	32	begin	begin	VERB
cblr-3021	742	33	operations	operation	NOUN
cblr-3021	742	34	and	and	CCONJ
cblr-3021	742	35	to	to	PART
cblr-3021	742	36	compensate	compensate	VERB
cblr-3021	742	37	the	the	DET
cblr-3021	742	38	expert	expert	NOUN
cblr-3021	742	39	management	management	NOUN
cblr-3021	742	40	required	require	VERB
cblr-3021	742	41	.	.	PUNCT
cblr-3021	743	1	because	because	SCONJ
cblr-3021	743	2	of	of	ADP
cblr-3021	743	3	current	current	ADJ
cblr-3021	743	4	regulations	regulation	NOUN
cblr-3021	743	5	,	,	PUNCT
cblr-3021	743	6	the	the	DET
cblr-3021	743	7	fund	fund	NOUN
cblr-3021	743	8	still	still	ADV
cblr-3021	743	9	would	would	AUX
cblr-3021	743	10	need	need	VERB
cblr-3021	743	11	to	to	PART
cblr-3021	743	12	remain	remain	VERB
cblr-3021	743	13	state	state	NOUN
cblr-3021	743	14	-	-	PUNCT
cblr-3021	743	15	centric	centric	NOUN
cblr-3021	743	16	in	in	ADP
cblr-3021	743	17	issuing	issue	VERB
cblr-3021	743	18	its	its	PRON
cblr-3021	743	19	shares	share	NOUN
cblr-3021	743	20	,	,	PUNCT
cblr-3021	743	21	so	so	SCONJ
cblr-3021	743	22	states	state	NOUN
cblr-3021	743	23	with	with	ADP
cblr-3021	743	24	lower	low	ADJ
cblr-3021	743	25	concentrations	concentration	NOUN
cblr-3021	743	26	of	of	ADP
cblr-3021	743	27	accredited	accredit	VERB
cblr-3021	743	28	investors	investor	NOUN
cblr-3021	743	29	or	or	CCONJ
cblr-3021	743	30	qualified	qualified	ADJ
cblr-3021	743	31	potential	potential	ADJ
cblr-3021	743	32	partners	partner	NOUN
cblr-3021	743	33	may	may	AUX
cblr-3021	743	34	not	not	PART
cblr-3021	743	35	benefit	benefit	VERB
cblr-3021	743	36	.	.	PUNCT
cblr-3021	744	1	even	even	ADV
cblr-3021	744	2	in	in	ADP
cblr-3021	744	3	states	state	NOUN
cblr-3021	744	4	without	without	ADP
cblr-3021	744	5	those	those	DET
cblr-3021	744	6	problems	problem	NOUN
cblr-3021	744	7	,	,	PUNCT
cblr-3021	744	8	like	like	ADP
cblr-3021	744	9	california	california	PROPN
cblr-3021	744	10	,	,	PUNCT
cblr-3021	744	11	share	share	NOUN
cblr-3021	744	12	ownership	ownership	NOUN
cblr-3021	744	13	could	could	AUX
cblr-3021	744	14	not	not	PART
cblr-3021	744	15	exist	exist	VERB
cblr-3021	744	16	outside	outside	ADP
cblr-3021	744	17	the	the	DET
cblr-3021	744	18	state	state	NOUN
cblr-3021	744	19	boundariescertainly	boundariescertainly	ADV
cblr-3021	744	20	a	a	DET
cblr-3021	744	21	limiting	limit	VERB
cblr-3021	744	22	factor	factor	NOUN
cblr-3021	744	23	.	.	PUNCT
cblr-3021	745	1	however	however	ADV
cblr-3021	745	2	,	,	PUNCT
cblr-3021	745	3	without	without	ADP
cblr-3021	745	4	an	an	DET
cblr-3021	745	5	increase	increase	NOUN
cblr-3021	745	6	in	in	ADP
cblr-3021	745	7	the	the	DET
cblr-3021	745	8	offering	offering	NOUN
cblr-3021	745	9	amount	amount	NOUN
cblr-3021	745	10	,	,	PUNCT
cblr-3021	745	11	the	the	DET
cblr-3021	745	12	intrastate	intrastate	ADJ
cblr-3021	745	13	issue	issue	NOUN
cblr-3021	745	14	would	would	AUX
cblr-3021	745	15	be	be	AUX
cblr-3021	745	16	moot	moot	ADJ
cblr-3021	745	17	,	,	PUNCT
cblr-3021	745	18	as	as	SCONJ
cblr-3021	745	19	the	the	DET
cblr-3021	745	20	exemption	exemption	NOUN
cblr-3021	745	21	remains	remain	VERB
cblr-3021	745	22	essentially	essentially	ADV
cblr-3021	745	23	useless	useless	ADJ
cblr-3021	745	24	based	base	VERB
cblr-3021	745	25	on	on	ADP
cblr-3021	745	26	the	the	DET
cblr-3021	745	27	economics	economic	NOUN
cblr-3021	745	28	of	of	ADP
cblr-3021	745	29	this	this	DET
cblr-3021	745	30	business	business	NOUN
cblr-3021	745	31	.	.	PUNCT
cblr-3021	746	1	essentially	essentially	ADV
cblr-3021	746	2	,	,	PUNCT
cblr-3021	746	3	the	the	DET
cblr-3021	746	4	current	current	ADJ
cblr-3021	746	5	exemption	exemption	NOUN
cblr-3021	746	6	level	level	NOUN
cblr-3021	746	7	regulates	regulate	VERB
cblr-3021	746	8	these	these	DET
cblr-3021	746	9	funds	fund	NOUN
cblr-3021	746	10	out	out	ADP
cblr-3021	746	11	of	of	ADP
cblr-3021	746	12	existence	existence	NOUN
cblr-3021	746	13	.	.	PUNCT
cblr-3021	747	1	3	3	X
cblr-3021	747	2	.	.	X
cblr-3021	747	3	the	the	DET
cblr-3021	747	4	intrastate	intrastate	ADJ
cblr-3021	747	5	restrictions	restriction	NOUN
cblr-3021	747	6	and	and	CCONJ
cblr-3021	747	7	state	state	NOUN
cblr-3021	747	8	oversight	oversight	NOUN
cblr-3021	747	9	in	in	ADP
cblr-3021	747	10	§	§	PROPN
cblr-3021	747	11	6(a)(5	6(a)(5	NUM
cblr-3021	747	12	)	)	PUNCT
cblr-3021	747	13	the	the	DET
cblr-3021	747	14	nsmia	nsmia	PROPN
cblr-3021	747	15	grants	grant	VERB
cblr-3021	747	16	the	the	DET
cblr-3021	747	17	states	state	NOUN
cblr-3021	747	18	the	the	DET
cblr-3021	747	19	ability	ability	NOUN
cblr-3021	747	20	to	to	PART
cblr-3021	747	21	charter	charter	VERB
cblr-3021	747	22	capital	capital	NOUN
cblr-3021	747	23	access	access	NOUN
cblr-3021	747	24	funds	fund	NOUN
cblr-3021	747	25	,	,	PUNCT
cblr-3021	747	26	which	which	PRON
cblr-3021	747	27	makes	make	VERB
cblr-3021	747	28	sense	sense	NOUN
cblr-3021	747	29	,	,	PUNCT
cblr-3021	747	30	since	since	SCONJ
cblr-3021	747	31	state	state	NOUN
cblr-3021	747	32	legislatures	legislature	NOUN
cblr-3021	747	33	are	be	AUX
cblr-3021	747	34	better	well	ADV
cblr-3021	747	35	acquainted	acquaint	VERB
cblr-3021	747	36	with	with	ADP
cblr-3021	747	37	the	the	DET
cblr-3021	747	38	local	local	ADJ
cblr-3021	747	39	business	business	NOUN
cblr-3021	747	40	landscape	landscape	NOUN
cblr-3021	747	41	and	and	CCONJ
cblr-3021	747	42	their	their	PRON
cblr-3021	747	43	constituencies	constituency	NOUN
cblr-3021	747	44	.	.	PUNCT
cblr-3021	748	1	1	1	NUM
cblr-3021	748	2	'	'	PUNCT
cblr-3021	748	3	on	on	ADP
cblr-3021	748	4	the	the	DET
cblr-3021	748	5	other	other	ADJ
cblr-3021	748	6	hand	hand	NOUN
cblr-3021	748	7	,	,	PUNCT
cblr-3021	748	8	the	the	DET
cblr-3021	748	9	exemption	exemption	NOUN
cblr-3021	748	10	from	from	ADP
cblr-3021	748	11	the	the	DET
cblr-3021	748	12	'	'	NUM
cblr-3021	748	13	40	40	NUM
cblr-3021	748	14	act	act	NOUN
cblr-3021	748	15	is	be	AUX
cblr-3021	748	16	predicated	predicate	VERB
cblr-3021	748	17	upon	upon	SCONJ
cblr-3021	748	18	operating	operate	VERB
cblr-3021	748	19	primarily	primarily	ADV
cblr-3021	748	20	a	a	DET
cblr-3021	748	21	state	state	NOUN
cblr-3021	748	22	-	-	PUNCT
cblr-3021	748	23	centric	centric	ADJ
cblr-3021	748	24	venture	venture	NOUN
cblr-3021	748	25	fund	fund	NOUN
cblr-3021	748	26	,	,	PUNCT
cblr-3021	748	27	which	which	PRON
cblr-3021	748	28	contradicts	contradict	VERB
cblr-3021	748	29	the	the	DET
cblr-3021	748	30	legislative	legislative	ADJ
cblr-3021	748	31	intent	intent	NOUN
cblr-3021	748	32	of	of	ADP
cblr-3021	748	33	the	the	DET
cblr-3021	748	34	nsmia	nsmia	NOUN
cblr-3021	748	35	.	.	PROPN
cblr-3021	749	1	169	169	NUM
cblr-3021	749	2	given	give	VERB
cblr-3021	749	3	the	the	DET
cblr-3021	749	4	globalization	globalization	NOUN
cblr-3021	749	5	of	of	ADP
cblr-3021	749	6	financial	financial	ADJ
cblr-3021	749	7	markets	market	NOUN
cblr-3021	749	8	and	and	CCONJ
cblr-3021	749	9	investing	investing	NOUN
cblr-3021	749	10	,	,	PUNCT
cblr-3021	749	11	softening	soften	VERB
cblr-3021	749	12	the	the	DET
cblr-3021	749	13	intrastate	intrastate	ADJ
cblr-3021	749	14	requirements	requirement	NOUN
cblr-3021	749	15	seems	seem	VERB
cblr-3021	749	16	logical	logical	ADJ
cblr-3021	749	17	.	.	PUNCT
cblr-3021	750	1	in	in	ADP
cblr-3021	750	2	particular	particular	ADJ
cblr-3021	750	3	,	,	PUNCT
cblr-3021	750	4	legislators	legislator	NOUN
cblr-3021	750	5	representing	represent	VERB
cblr-3021	750	6	smaller	small	ADJ
cblr-3021	750	7	states	state	NOUN
cblr-3021	750	8	should	should	AUX
cblr-3021	750	9	advocate	advocate	VERB
cblr-3021	750	10	such	such	DET
cblr-3021	750	11	a	a	DET
cblr-3021	750	12	change	change	NOUN
cblr-3021	750	13	,	,	PUNCT
cblr-3021	750	14	168	168	NUM
cblr-3021	750	15	15	15	NUM
cblr-3021	750	16	u.s.c	u.s.c	ADJ
cblr-3021	750	17	.	.	PUNCT
cblr-3021	751	1	§	§	PROPN
cblr-3021	751	2	80(a)(6)(a)(5	80(a)(6)(a)(5	NUM
cblr-3021	751	3	)	)	PUNCT
cblr-3021	751	4	(	(	PUNCT
cblr-3021	751	5	2000	2000	NUM
cblr-3021	751	6	)	)	PUNCT
cblr-3021	751	7	.	.	PUNCT
cblr-3021	752	1	169	169	NUM
cblr-3021	753	1	i	i	PRON
cblr-3021	753	2	d.	d.	PROPN
cblr-3021	753	3	no	no	INTJ
cblr-3021	753	4	.	.	PUNCT
cblr-3021	754	1	1:77	1:77	NUM
cblr-3021	754	2	]	]	PUNCT
cblr-3021	754	3	as	as	SCONJ
cblr-3021	754	4	the	the	DET
cblr-3021	754	5	current	current	ADJ
cblr-3021	754	6	law	law	NOUN
cblr-3021	754	7	only	only	ADV
cblr-3021	754	8	benefits	benefit	VERB
cblr-3021	754	9	the	the	DET
cblr-3021	754	10	largest	large	ADJ
cblr-3021	754	11	states	state	NOUN
cblr-3021	754	12	in	in	ADP
cblr-3021	754	13	terms	term	NOUN
cblr-3021	754	14	of	of	ADP
cblr-3021	754	15	venture	venture	NOUN
cblr-3021	754	16	capital	capital	NOUN
cblr-3021	754	17	activity	activity	NOUN
cblr-3021	754	18	.	.	PUNCT
cblr-3021	755	1	it	it	PRON
cblr-3021	755	2	is	be	AUX
cblr-3021	755	3	paradoxical	paradoxical	ADJ
cblr-3021	755	4	that	that	SCONJ
cblr-3021	755	5	all	all	DET
cblr-3021	755	6	u.s	u.s	PROPN
cblr-3021	755	7	.	.	PROPN
cblr-3021	755	8	residents	resident	NOUN
cblr-3021	755	9	of	of	ADP
cblr-3021	755	10	age	age	NOUN
cblr-3021	755	11	may	may	AUX
cblr-3021	755	12	gamble	gamble	VERB
cblr-3021	755	13	unlimited	unlimited	ADJ
cblr-3021	755	14	amounts	amount	NOUN
cblr-3021	755	15	in	in	ADP
cblr-3021	755	16	nevada	nevada	PROPN
cblr-3021	755	17	and	and	CCONJ
cblr-3021	755	18	new	new	PROPN
cblr-3021	755	19	jersey	jersey	PROPN
cblr-3021	755	20	,	,	PUNCT
cblr-3021	755	21	while	while	SCONJ
cblr-3021	755	22	only	only	ADV
cblr-3021	755	23	a	a	DET
cblr-3021	755	24	fractional	fractional	ADJ
cblr-3021	755	25	amount	amount	NOUN
cblr-3021	755	26	of	of	ADP
cblr-3021	755	27	the	the	DET
cblr-3021	755	28	same	same	ADJ
cblr-3021	755	29	citizens	citizen	NOUN
cblr-3021	755	30	,	,	PUNCT
cblr-3021	755	31	individuals	individual	NOUN
cblr-3021	755	32	residing	reside	VERB
cblr-3021	755	33	in	in	ADP
cblr-3021	755	34	those	those	DET
cblr-3021	755	35	states	state	NOUN
cblr-3021	755	36	,	,	PUNCT
cblr-3021	755	37	may	may	AUX
cblr-3021	755	38	invest	invest	VERB
cblr-3021	755	39	in	in	ADP
cblr-3021	755	40	venture	venture	NOUN
cblr-3021	755	41	capital	capital	NOUN
cblr-3021	755	42	there	there	ADV
cblr-3021	755	43	.	.	PUNCT
cblr-3021	756	1	one	one	PRON
cblr-3021	756	2	can	can	AUX
cblr-3021	756	3	cross	cross	VERB
cblr-3021	756	4	the	the	DET
cblr-3021	756	5	state	state	NOUN
cblr-3021	756	6	line	line	NOUN
cblr-3021	756	7	to	to	PART
cblr-3021	756	8	gamble	gamble	VERB
cblr-3021	756	9	,	,	PUNCT
cblr-3021	756	10	but	but	CCONJ
cblr-3021	756	11	not	not	PART
cblr-3021	756	12	to	to	PART
cblr-3021	756	13	invest	invest	VERB
cblr-3021	756	14	in	in	ADP
cblr-3021	756	15	america	america	PROPN
cblr-3021	756	16	's	's	PART
cblr-3021	756	17	entrepreneurs	entrepreneur	NOUN
cblr-3021	756	18	.	.	PUNCT
cblr-3021	757	1	reducing	reduce	VERB
cblr-3021	757	2	or	or	CCONJ
cblr-3021	757	3	eliminating	eliminate	VERB
cblr-3021	757	4	the	the	DET
cblr-3021	757	5	80	80	NUM
cblr-3021	757	6	%	%	NOUN
cblr-3021	757	7	in	in	ADP
cblr-3021	757	8	-	-	PUNCT
cblr-3021	757	9	state	state	NOUN
cblr-3021	757	10	securities	security	NOUN
cblr-3021	757	11	offer	offer	VERB
cblr-3021	757	12	restriction	restriction	NOUN
cblr-3021	757	13	should	should	AUX
cblr-3021	757	14	be	be	AUX
cblr-3021	757	15	considered	consider	VERB
cblr-3021	757	16	as	as	ADV
cblr-3021	757	17	long	long	ADV
cblr-3021	757	18	as	as	SCONJ
cblr-3021	757	19	out	out	ADV
cblr-3021	757	20	-	-	PUNCT
cblr-3021	757	21	of	of	ADP
cblr-3021	757	22	-	-	PUNCT
cblr-3021	757	23	state	state	NOUN
cblr-3021	757	24	holders	holder	NOUN
cblr-3021	757	25	are	be	AUX
cblr-3021	757	26	sufficiently	sufficiently	ADV
cblr-3021	757	27	subject	subject	ADJ
cblr-3021	757	28	to	to	ADP
cblr-3021	757	29	state	state	NOUN
cblr-3021	757	30	or	or	CCONJ
cblr-3021	757	31	federal	federal	ADJ
cblr-3021	757	32	securities	security	NOUN
cblr-3021	757	33	regulation	regulation	NOUN
cblr-3021	757	34	.	.	PUNCT
cblr-3021	758	1	4	4	X
cblr-3021	758	2	.	.	X
cblr-3021	758	3	state	state	NOUN
cblr-3021	758	4	enabling	enable	VERB
cblr-3021	758	5	acts	act	NOUN
cblr-3021	758	6	:	:	PUNCT
cblr-3021	758	7	remove	remove	VERB
cblr-3021	758	8	concomitant	concomitant	ADJ
cblr-3021	758	9	investment	investment	NOUN
cblr-3021	758	10	advisor	advisor	NOUN
cblr-3021	758	11	regulation	regulation	NOUN
cblr-3021	758	12	as	as	SCONJ
cblr-3021	758	13	mentioned	mention	VERB
cblr-3021	758	14	before	before	ADV
cblr-3021	758	15	,	,	PUNCT
cblr-3021	758	16	restricting	restrict	VERB
cblr-3021	758	17	the	the	DET
cblr-3021	758	18	fees	fee	NOUN
cblr-3021	758	19	of	of	ADP
cblr-3021	758	20	venture	venture	NOUN
cblr-3021	758	21	fund	fund	NOUN
cblr-3021	758	22	operators	operator	NOUN
cblr-3021	758	23	to	to	ADP
cblr-3021	758	24	the	the	DET
cblr-3021	758	25	level	level	NOUN
cblr-3021	758	26	of	of	ADP
cblr-3021	758	27	mutual	mutual	ADJ
cblr-3021	758	28	fund	fund	NOUN
cblr-3021	758	29	advisors	advisor	NOUN
cblr-3021	758	30	serves	serve	VERB
cblr-3021	758	31	as	as	ADP
cblr-3021	758	32	a	a	DET
cblr-3021	758	33	major	major	ADJ
cblr-3021	758	34	deterrent	deterrent	NOUN
cblr-3021	758	35	with	with	ADP
cblr-3021	758	36	no	no	DET
cblr-3021	758	37	corresponding	corresponding	ADJ
cblr-3021	758	38	benefit	benefit	NOUN
cblr-3021	758	39	.	.	PUNCT
cblr-3021	759	1	venture	venture	NOUN
cblr-3021	759	2	capital	capital	NOUN
cblr-3021	759	3	operations	operation	NOUN
cblr-3021	759	4	require	require	VERB
cblr-3021	759	5	high	high	ADJ
cblr-3021	759	6	levels	level	NOUN
cblr-3021	759	7	of	of	ADP
cblr-3021	759	8	investment	investment	NOUN
cblr-3021	759	9	savvy	savvy	NOUN
cblr-3021	759	10	,	,	PUNCT
cblr-3021	759	11	risk	risk	NOUN
cblr-3021	759	12	tolerance	tolerance	NOUN
cblr-3021	759	13	,	,	PUNCT
cblr-3021	759	14	management	management	NOUN
cblr-3021	759	15	knowledge	knowledge	NOUN
cblr-3021	759	16	,	,	PUNCT
cblr-3021	759	17	and	and	CCONJ
cblr-3021	759	18	business	business	NOUN
cblr-3021	759	19	connections	connection	NOUN
cblr-3021	759	20	-	-	PUNCT
cblr-3021	759	21	and	and	CCONJ
cblr-3021	759	22	managers	manager	NOUN
cblr-3021	759	23	should	should	AUX
cblr-3021	759	24	be	be	AUX
cblr-3021	759	25	compensated	compensate	VERB
cblr-3021	759	26	accordingly	accordingly	ADV
cblr-3021	759	27	.	.	PUNCT
cblr-3021	760	1	state	state	NOUN
cblr-3021	760	2	enabling	enable	VERB
cblr-3021	760	3	statutes	statute	NOUN
cblr-3021	760	4	likely	likely	ADV
cblr-3021	760	5	will	will	AUX
cblr-3021	760	6	not	not	PART
cblr-3021	760	7	attract	attract	VERB
cblr-3021	760	8	such	such	ADJ
cblr-3021	760	9	professionals	professional	NOUN
cblr-3021	760	10	to	to	PART
cblr-3021	760	11	form	form	VERB
cblr-3021	760	12	funds	fund	NOUN
cblr-3021	760	13	under	under	ADP
cblr-3021	760	14	the	the	DET
cblr-3021	760	15	§	§	PROPN
cblr-3021	760	16	6(a)(5	6(a)(5	NUM
cblr-3021	760	17	)	)	PUNCT
cblr-3021	760	18	exemption	exemption	NOUN
cblr-3021	760	19	unless	unless	SCONJ
cblr-3021	760	20	they	they	PRON
cblr-3021	760	21	can	can	AUX
cblr-3021	760	22	obtain	obtain	VERB
cblr-3021	760	23	the	the	DET
cblr-3021	760	24	rewards	reward	NOUN
cblr-3021	760	25	that	that	PRON
cblr-3021	760	26	private	private	ADJ
cblr-3021	760	27	venture	venture	NOUN
cblr-3021	760	28	capitalists	capitalist	NOUN
cblr-3021	760	29	in	in	ADP
cblr-3021	760	30	the	the	DET
cblr-3021	760	31	traditional	traditional	ADJ
cblr-3021	760	32	limited	limited	ADJ
cblr-3021	760	33	partnership	partnership	NOUN
cblr-3021	760	34	structure	structure	NOUN
cblr-3021	760	35	can	can	AUX
cblr-3021	760	36	.	.	PUNCT
cblr-3021	761	1	therefore	therefore	ADV
cblr-3021	761	2	,	,	PUNCT
cblr-3021	761	3	either	either	CCONJ
cblr-3021	761	4	exemptions	exemption	NOUN
cblr-3021	761	5	should	should	AUX
cblr-3021	761	6	be	be	AUX
cblr-3021	761	7	created	create	VERB
cblr-3021	761	8	in	in	ADP
cblr-3021	761	9	the	the	DET
cblr-3021	761	10	investment	investment	NOUN
cblr-3021	761	11	advisor	advisor	NOUN
cblr-3021	761	12	act	act	NOUN
cblr-3021	761	13	and	and	CCONJ
cblr-3021	761	14	similar	similar	ADJ
cblr-3021	761	15	state	state	NOUN
cblr-3021	761	16	legislation	legislation	NOUN
cblr-3021	761	17	that	that	PRON
cblr-3021	761	18	improperly	improperly	ADV
cblr-3021	761	19	regulate	regulate	VERB
cblr-3021	761	20	venture	venture	NOUN
cblr-3021	761	21	funds	fund	NOUN
cblr-3021	761	22	as	as	SCONJ
cblr-3021	761	23	if	if	SCONJ
cblr-3021	761	24	they	they	PRON
cblr-3021	761	25	were	be	AUX
cblr-3021	761	26	mutual	mutual	ADJ
cblr-3021	761	27	funds	fund	NOUN
cblr-3021	761	28	,	,	PUNCT
cblr-3021	761	29	or	or	CCONJ
cblr-3021	761	30	state	state	NOUN
cblr-3021	761	31	enabling	enable	VERB
cblr-3021	761	32	acts	act	NOUN
cblr-3021	761	33	should	should	AUX
cblr-3021	761	34	be	be	AUX
cblr-3021	761	35	passed	pass	VERB
cblr-3021	761	36	pursuant	pursuant	ADV
cblr-3021	761	37	to	to	ADP
cblr-3021	761	38	the	the	DET
cblr-3021	761	39	nsmia	nsmia	NOUN
cblr-3021	761	40	omitting	omit	VERB
cblr-3021	761	41	any	any	DET
cblr-3021	761	42	provisions	provision	NOUN
cblr-3021	761	43	that	that	PRON
cblr-3021	761	44	impose	impose	VERB
cblr-3021	761	45	such	such	ADJ
cblr-3021	761	46	concomitant	concomitant	ADJ
cblr-3021	761	47	regulation	regulation	NOUN
cblr-3021	761	48	.	.	PUNCT
cblr-3021	762	1	doing	do	VERB
cblr-3021	762	2	so	so	ADV
cblr-3021	762	3	will	will	AUX
cblr-3021	762	4	dramatically	dramatically	ADV
cblr-3021	762	5	increase	increase	VERB
cblr-3021	762	6	the	the	DET
cblr-3021	762	7	likelihood	likelihood	NOUN
cblr-3021	762	8	that	that	SCONJ
cblr-3021	762	9	quality	quality	NOUN
cblr-3021	762	10	venture	venture	NOUN
cblr-3021	762	11	managers	manager	NOUN
cblr-3021	762	12	will	will	AUX
cblr-3021	762	13	apply	apply	VERB
cblr-3021	762	14	to	to	PART
cblr-3021	762	15	form	form	VERB
cblr-3021	762	16	more	more	ADJ
cblr-3021	762	17	"	"	PUNCT
cblr-3021	762	18	public	public	ADJ
cblr-3021	762	19	"	"	PUNCT
cblr-3021	762	20	venture	venture	NOUN
cblr-3021	762	21	funds	fund	NOUN
cblr-3021	762	22	.	.	PUNCT
cblr-3021	763	1	5	5	X
cblr-3021	763	2	.	.	X
cblr-3021	763	3	proscription	proscription	NOUN
cblr-3021	763	4	of	of	ADP
cblr-3021	763	5	issuing	issue	VERB
cblr-3021	763	6	redeemable	redeemable	ADJ
cblr-3021	763	7	securities	security	NOUN
cblr-3021	763	8	another	another	DET
cblr-3021	763	9	restriction	restriction	NOUN
cblr-3021	763	10	that	that	PRON
cblr-3021	763	11	could	could	AUX
cblr-3021	763	12	be	be	AUX
cblr-3021	763	13	liberalized	liberalize	VERB
cblr-3021	763	14	is	be	AUX
cblr-3021	763	15	the	the	DET
cblr-3021	763	16	prohibition	prohibition	NOUN
cblr-3021	763	17	of	of	ADP
cblr-3021	763	18	issuing	issue	VERB
cblr-3021	763	19	redeemable	redeemable	ADJ
cblr-3021	763	20	securities	security	NOUN
cblr-3021	763	21	,	,	PUNCT
cblr-3021	763	22	which	which	PRON
cblr-3021	763	23	inhibits	inhibit	VERB
cblr-3021	763	24	the	the	DET
cblr-3021	763	25	ability	ability	NOUN
cblr-3021	763	26	of	of	ADP
cblr-3021	763	27	venture	venture	NOUN
cblr-3021	763	28	capitalists	capitalist	NOUN
cblr-3021	763	29	to	to	PART
cblr-3021	763	30	obtain	obtain	VERB
cblr-3021	763	31	secondary	secondary	ADJ
cblr-3021	763	32	financing	financing	NOUN
cblr-3021	763	33	for	for	ADP
cblr-3021	763	34	their	their	PRON
cblr-3021	763	35	funds	fund	NOUN
cblr-3021	763	36	.	.	PUNCT
cblr-3021	764	1	in	in	ADP
cblr-3021	764	2	other	other	ADJ
cblr-3021	764	3	industries	industry	NOUN
cblr-3021	764	4	,	,	PUNCT
cblr-3021	764	5	the	the	DET
cblr-3021	764	6	benefit	benefit	NOUN
cblr-3021	764	7	of	of	ADP
cblr-3021	764	8	columbia	columbia	PROPN
cblr-3021	764	9	business	business	PROPN
cblr-3021	764	10	la	la	PROPN
cblr-3021	764	11	w	w	PROPN
cblr-3021	764	12	review	review	NOUN
cblr-3021	764	13	[	[	X
cblr-3021	764	14	vol	vol	NOUN
cblr-3021	764	15	.	.	PUNCT
cblr-3021	764	16	2004	2004	NUM
cblr-3021	764	17	venture	venture	NOUN
cblr-3021	764	18	capital	capital	NOUN
cblr-3021	764	19	formation	formation	NOUN
cblr-3021	764	20	and	and	CCONJ
cblr-3021	764	21	access	access	NOUN
cblr-3021	764	22	securitizing	securitize	VERB
cblr-3021	764	23	private	private	ADJ
cblr-3021	764	24	contracts	contract	NOUN
cblr-3021	764	25	is	be	AUX
cblr-3021	764	26	available	available	ADJ
cblr-3021	764	27	:	:	PUNCT
cblr-3021	764	28	mortgages	mortgage	NOUN
cblr-3021	764	29	,	,	PUNCT
cblr-3021	764	30	commercial	commercial	ADJ
cblr-3021	764	31	paper	paper	NOUN
cblr-3021	764	32	,	,	PUNCT
cblr-3021	764	33	and	and	CCONJ
cblr-3021	764	34	credit	credit	NOUN
cblr-3021	764	35	card	card	NOUN
cblr-3021	764	36	obligations	obligation	NOUN
cblr-3021	764	37	are	be	AUX
cblr-3021	764	38	but	but	CCONJ
cblr-3021	764	39	three	three	NUM
cblr-3021	764	40	examples	example	NOUN
cblr-3021	764	41	.	.	PUNCT
cblr-3021	765	1	the	the	DET
cblr-3021	765	2	present	present	ADJ
cblr-3021	765	3	situation	situation	NOUN
cblr-3021	765	4	is	be	AUX
cblr-3021	765	5	lose	lose	NOUN
cblr-3021	765	6	-	-	PUNCT
cblr-3021	765	7	lose	lose	NOUN
cblr-3021	765	8	:	:	PUNCT
cblr-3021	765	9	venture	venture	NOUN
cblr-3021	765	10	funds	fund	NOUN
cblr-3021	765	11	are	be	AUX
cblr-3021	765	12	not	not	PART
cblr-3021	765	13	funded	fund	VERB
cblr-3021	765	14	as	as	ADV
cblr-3021	765	15	well	well	ADV
cblr-3021	765	16	as	as	SCONJ
cblr-3021	765	17	they	they	PRON
cblr-3021	765	18	could	could	AUX
cblr-3021	765	19	be	be	AUX
cblr-3021	765	20	,	,	PUNCT
cblr-3021	765	21	resulting	result	VERB
cblr-3021	765	22	in	in	ADP
cblr-3021	765	23	less	less	ADJ
cblr-3021	765	24	capital	capital	NOUN
cblr-3021	765	25	for	for	ADP
cblr-3021	765	26	emerging	emerge	VERB
cblr-3021	765	27	enterprises	enterprise	NOUN
cblr-3021	765	28	,	,	PUNCT
cblr-3021	765	29	and	and	CCONJ
cblr-3021	765	30	the	the	DET
cblr-3021	765	31	middle	middle	ADJ
cblr-3021	765	32	-	-	PUNCT
cblr-3021	765	33	income	income	NOUN
cblr-3021	765	34	investor	investor	NOUN
cblr-3021	765	35	misses	miss	VERB
cblr-3021	765	36	out	out	ADP
cblr-3021	765	37	on	on	ADP
cblr-3021	765	38	investment	investment	NOUN
cblr-3021	765	39	opportunities	opportunity	NOUN
cblr-3021	765	40	.	.	PUNCT
cblr-3021	766	1	venture	venture	NOUN
cblr-3021	766	2	capital	capital	NOUN
cblr-3021	766	3	funds	fund	NOUN
cblr-3021	766	4	may	may	AUX
cblr-3021	766	5	or	or	CCONJ
cblr-3021	766	6	may	may	AUX
cblr-3021	766	7	not	not	PART
cblr-3021	766	8	constitute	constitute	VERB
cblr-3021	766	9	riskier	risky	ADJ
cblr-3021	766	10	investment	investment	NOUN
cblr-3021	766	11	vehicles	vehicle	NOUN
cblr-3021	766	12	.	.	PUNCT
cblr-3021	767	1	on	on	ADP
cblr-3021	767	2	the	the	DET
cblr-3021	767	3	other	other	ADJ
cblr-3021	767	4	hand	hand	NOUN
cblr-3021	767	5	,	,	PUNCT
cblr-3021	767	6	if	if	SCONJ
cblr-3021	767	7	individual	individual	ADJ
cblr-3021	767	8	investors	investor	NOUN
cblr-3021	767	9	have	have	VERB
cblr-3021	767	10	the	the	DET
cblr-3021	767	11	freedom	freedom	NOUN
cblr-3021	767	12	to	to	ADP
cblr-3021	767	13	day	day	NOUN
cblr-3021	767	14	-	-	PUNCT
cblr-3021	767	15	trade	trade	NOUN
cblr-3021	767	16	options	option	NOUN
cblr-3021	767	17	,	,	PUNCT
cblr-3021	767	18	stocks	stock	NOUN
cblr-3021	767	19	on	on	ADP
cblr-3021	767	20	margin	margin	NOUN
cblr-3021	767	21	,	,	PUNCT
cblr-3021	767	22	or	or	CCONJ
cblr-3021	767	23	futures	future	NOUN
cblr-3021	767	24	on	on	ADP
cblr-3021	767	25	commodities	commodity	NOUN
cblr-3021	767	26	,	,	PUNCT
cblr-3021	767	27	why	why	SCONJ
cblr-3021	767	28	should	should	AUX
cblr-3021	767	29	they	they	PRON
cblr-3021	767	30	be	be	AUX
cblr-3021	767	31	denied	deny	VERB
cblr-3021	767	32	access	access	NOUN
cblr-3021	767	33	to	to	ADP
cblr-3021	767	34	venture	venture	NOUN
cblr-3021	767	35	capital	capital	NOUN
cblr-3021	767	36	on	on	ADP
cblr-3021	767	37	the	the	DET
cblr-3021	767	38	basis	basis	NOUN
cblr-3021	767	39	of	of	ADP
cblr-3021	767	40	risk	risk	NOUN
cblr-3021	767	41	?	?	PUNCT
cblr-3021	768	1	furthermore	furthermore	ADV
cblr-3021	768	2	,	,	PUNCT
cblr-3021	768	3	real	real	ADJ
cblr-3021	768	4	estate	estate	NOUN
cblr-3021	768	5	finance	finance	NOUN
cblr-3021	768	6	,	,	PUNCT
cblr-3021	768	7	corporate	corporate	ADJ
cblr-3021	768	8	debt	debt	NOUN
cblr-3021	768	9	,	,	PUNCT
cblr-3021	768	10	and	and	CCONJ
cblr-3021	768	11	credit	credit	NOUN
cblr-3021	768	12	card	card	NOUN
cblr-3021	768	13	obligations	obligation	NOUN
cblr-3021	768	14	often	often	ADV
cblr-3021	768	15	involve	involve	VERB
cblr-3021	768	16	significant	significant	ADJ
cblr-3021	768	17	risks	risk	NOUN
cblr-3021	768	18	,	,	PUNCT
cblr-3021	768	19	yet	yet	CCONJ
cblr-3021	768	20	securitized	securitized	ADJ
cblr-3021	768	21	markets	market	NOUN
cblr-3021	768	22	still	still	ADV
cblr-3021	768	23	exist	exist	VERB
cblr-3021	768	24	for	for	ADP
cblr-3021	768	25	them	they	PRON
cblr-3021	768	26	.	.	PUNCT
cblr-3021	769	1	regulation	regulation	NOUN
cblr-3021	769	2	would	would	AUX
cblr-3021	769	3	be	be	AUX
cblr-3021	769	4	better	well	ADV
cblr-3021	769	5	suited	suited	ADJ
cblr-3021	769	6	if	if	SCONJ
cblr-3021	769	7	it	it	PRON
cblr-3021	769	8	focused	focus	VERB
cblr-3021	769	9	on	on	ADP
cblr-3021	769	10	ensuring	ensure	VERB
cblr-3021	769	11	the	the	DET
cblr-3021	769	12	accurate	accurate	ADJ
cblr-3021	769	13	disclosure	disclosure	NOUN
cblr-3021	769	14	of	of	ADP
cblr-3021	769	15	the	the	DET
cblr-3021	769	16	quality	quality	NOUN
cblr-3021	769	17	of	of	ADP
cblr-3021	769	18	the	the	DET
cblr-3021	769	19	securities	security	NOUN
cblr-3021	769	20	offered	offer	VERB
cblr-3021	769	21	by	by	ADP
cblr-3021	769	22	venture	venture	NOUN
cblr-3021	769	23	funds	fund	NOUN
cblr-3021	769	24	.	.	PUNCT
cblr-3021	770	1	as	as	ADV
cblr-3021	770	2	long	long	ADV
cblr-3021	770	3	as	as	SCONJ
cblr-3021	770	4	there	there	PRON
cblr-3021	770	5	is	be	VERB
cblr-3021	770	6	adequate	adequate	ADJ
cblr-3021	770	7	oversight	oversight	NOUN
cblr-3021	770	8	of	of	ADP
cblr-3021	770	9	securities	security	NOUN
cblr-3021	770	10	offerings	offering	NOUN
cblr-3021	770	11	,	,	PUNCT
cblr-3021	770	12	venture	venture	NOUN
cblr-3021	770	13	capitalists	capitalist	NOUN
cblr-3021	770	14	should	should	AUX
cblr-3021	770	15	be	be	AUX
cblr-3021	770	16	allowed	allow	VERB
cblr-3021	770	17	greater	great	ADJ
cblr-3021	770	18	freedom	freedom	NOUN
cblr-3021	770	19	to	to	PART
cblr-3021	770	20	fund	fund	VERB
cblr-3021	770	21	their	their	PRON
cblr-3021	770	22	operations	operation	NOUN
cblr-3021	770	23	.	.	PUNCT
cblr-3021	771	1	6	6	X
cblr-3021	771	2	.	.	X
cblr-3021	771	3	revisiting	revisit	VERB
cblr-3021	771	4	nasd	nasd	NOUN
cblr-3021	771	5	reforms	reform	NOUN
cblr-3021	771	6	:	:	PUNCT
cblr-3021	771	7	small	small	ADJ
cblr-3021	771	8	cap	cap	NOUN
cblr-3021	771	9	markets	market	VERB
cblr-3021	771	10	the	the	DET
cblr-3021	771	11	under	under	NOUN
cblr-3021	771	12	-	-	PUNCT
cblr-3021	771	13	performance	performance	NOUN
cblr-3021	771	14	of	of	ADP
cblr-3021	771	15	small	small	ADJ
cblr-3021	771	16	and	and	CCONJ
cblr-3021	771	17	mid	mid	ADJ
cblr-3021	771	18	-	-	ADJ
cblr-3021	771	19	sized	sized	ADJ
cblr-3021	771	20	companies	company	NOUN
cblr-3021	771	21	constitutes	constitute	VERB
cblr-3021	771	22	a	a	DET
cblr-3021	771	23	threat	threat	NOUN
cblr-3021	771	24	to	to	ADP
cblr-3021	771	25	capital	capital	NOUN
cblr-3021	771	26	access	access	NOUN
cblr-3021	771	27	and	and	CCONJ
cblr-3021	771	28	venture	venture	NOUN
cblr-3021	771	29	investors	investor	NOUN
cblr-3021	771	30	.	.	PUNCT
cblr-3021	772	1	while	while	SCONJ
cblr-3021	772	2	a	a	DET
cblr-3021	772	3	system	system	NOUN
cblr-3021	772	4	in	in	ADP
cblr-3021	772	5	which	which	PRON
cblr-3021	772	6	a	a	DET
cblr-3021	772	7	few	few	ADJ
cblr-3021	772	8	market	market	NOUN
cblr-3021	772	9	makers	maker	NOUN
cblr-3021	772	10	and	and	CCONJ
cblr-3021	772	11	"	"	PUNCT
cblr-3021	772	12	chop	chop	NOUN
cblr-3021	772	13	shops	shop	NOUN
cblr-3021	772	14	"	"	PUNCT
cblr-3021	772	15	exploit	exploit	VERB
cblr-3021	772	16	small	small	ADJ
cblr-3021	772	17	investors	investor	NOUN
cblr-3021	772	18	is	be	AUX
cblr-3021	772	19	undesirable	undesirable	ADJ
cblr-3021	772	20	,	,	PUNCT
cblr-3021	772	21	the	the	DET
cblr-3021	772	22	sec	sec	PROPN
cblr-3021	772	23	needs	need	VERB
cblr-3021	772	24	to	to	PART
cblr-3021	772	25	evaluate	evaluate	VERB
cblr-3021	772	26	the	the	DET
cblr-3021	772	27	market	market	NOUN
cblr-3021	772	28	-	-	PUNCT
cblr-3021	772	29	wide	wide	ADJ
cblr-3021	772	30	effects	effect	NOUN
cblr-3021	772	31	of	of	ADP
cblr-3021	772	32	the	the	DET
cblr-3021	772	33	nasd	nasd	NOUN
cblr-3021	772	34	reforms	reform	NOUN
cblr-3021	772	35	in	in	ADP
cblr-3021	772	36	order	order	NOUN
cblr-3021	772	37	to	to	PART
cblr-3021	772	38	protect	protect	VERB
cblr-3021	772	39	small	small	ADJ
cblr-3021	772	40	investors	investor	NOUN
cblr-3021	772	41	without	without	ADP
cblr-3021	772	42	impeding	impede	VERB
cblr-3021	772	43	the	the	DET
cblr-3021	772	44	flow	flow	NOUN
cblr-3021	772	45	of	of	ADP
cblr-3021	772	46	institutional	institutional	ADJ
cblr-3021	772	47	and	and	CCONJ
cblr-3021	772	48	private	private	ADJ
cblr-3021	772	49	capital	capital	NOUN
cblr-3021	772	50	to	to	ADP
cblr-3021	772	51	hungering	hunger	VERB
cblr-3021	772	52	companies	company	NOUN
cblr-3021	772	53	.	.	PUNCT
cblr-3021	773	1	10	10	NUM
cblr-3021	773	2	otherwise	otherwise	ADV
cblr-3021	773	3	,	,	PUNCT
cblr-3021	773	4	the	the	DET
cblr-3021	773	5	implementation	implementation	NOUN
cblr-3021	773	6	of	of	ADP
cblr-3021	773	7	decimal	decimal	ADJ
cblr-3021	773	8	quotes	quote	NOUN
cblr-3021	773	9	may	may	AUX
cblr-3021	773	10	seriously	seriously	ADV
cblr-3021	773	11	undermine	undermine	VERB
cblr-3021	773	12	the	the	DET
cblr-3021	773	13	small	small	ADJ
cblr-3021	773	14	capital	capital	NOUN
cblr-3021	773	15	markets	market	NOUN
cblr-3021	773	16	.	.	PUNCT
cblr-3021	774	1	increasing	increase	VERB
cblr-3021	774	2	public	public	ADJ
cblr-3021	774	3	awareness	awareness	NOUN
cblr-3021	774	4	of	of	ADP
cblr-3021	774	5	"	"	PUNCT
cblr-3021	774	6	pump	pump	VERB
cblr-3021	774	7	and	and	CCONJ
cblr-3021	774	8	dump	dump	VERB
cblr-3021	774	9	"	"	PUNCT
cblr-3021	774	10	schemes	scheme	NOUN
cblr-3021	774	11	,	,	PUNCT
cblr-3021	774	12	advocating	advocate	VERB
cblr-3021	774	13	better	well	ADJ
cblr-3021	774	14	investor	investor	NOUN
cblr-3021	774	15	education	education	NOUN
cblr-3021	774	16	,	,	PUNCT
cblr-3021	774	17	and	and	CCONJ
cblr-3021	774	18	tightening	tighten	VERB
cblr-3021	774	19	enforcement	enforcement	NOUN
cblr-3021	774	20	could	could	AUX
cblr-3021	774	21	mitigate	mitigate	VERB
cblr-3021	774	22	corruption	corruption	NOUN
cblr-3021	774	23	without	without	ADP
cblr-3021	774	24	imposing	impose	VERB
cblr-3021	774	25	such	such	ADJ
cblr-3021	774	26	heavy	heavy	ADJ
cblr-3021	774	27	regulatory	regulatory	ADJ
cblr-3021	774	28	burdens	burden	NOUN
cblr-3021	774	29	upon	upon	SCONJ
cblr-3021	774	30	emerging	emerge	VERB
cblr-3021	774	31	companies	company	NOUN
cblr-3021	774	32	and	and	CCONJ
cblr-3021	774	33	venture	venture	NOUN
cblr-3021	774	34	capitalists	capitalist	NOUN
cblr-3021	774	35	.	.	PUNCT
cblr-3021	775	1	california	california	PROPN
cblr-3021	775	2	,	,	PUNCT
cblr-3021	775	3	in	in	ADP
cblr-3021	775	4	fact	fact	NOUN
cblr-3021	775	5	,	,	PUNCT
cblr-3021	775	6	already	already	ADV
cblr-3021	775	7	has	have	AUX
cblr-3021	775	8	undertaken	undertake	VERB
cblr-3021	775	9	sizable	sizable	ADJ
cblr-3021	775	10	measures	measure	NOUN
cblr-3021	775	11	170	170	NUM
cblr-3021	775	12	see	see	NOUN
cblr-3021	775	13	mclean	mclean	NOUN
cblr-3021	775	14	,	,	PUNCT
cblr-3021	775	15	supra	supra	PROPN
cblr-3021	775	16	note	note	VERB
cblr-3021	775	17	107	107	NUM
cblr-3021	775	18	(	(	PUNCT
cblr-3021	775	19	quoting	quote	VERB
cblr-3021	775	20	the	the	DET
cblr-3021	775	21	warning	warning	NOUN
cblr-3021	775	22	of	of	ADP
cblr-3021	775	23	wayne	wayne	PROPN
cblr-3021	775	24	wagner	wagner	PROPN
cblr-3021	775	25	,	,	PUNCT
cblr-3021	775	26	chairman	chairman	NOUN
cblr-3021	775	27	of	of	ADP
cblr-3021	775	28	the	the	DET
cblr-3021	775	29	research	research	NOUN
cblr-3021	775	30	firm	firm	NOUN
cblr-3021	775	31	plexus	plexus	NOUN
cblr-3021	775	32	group	group	NOUN
cblr-3021	775	33	,	,	PUNCT
cblr-3021	775	34	that	that	SCONJ
cblr-3021	775	35	"	"	PUNCT
cblr-3021	775	36	if	if	SCONJ
cblr-3021	775	37	you	you	PRON
cblr-3021	775	38	start	start	VERB
cblr-3021	775	39	fiddling	fiddle	VERB
cblr-3021	775	40	with	with	ADP
cblr-3021	775	41	the	the	DET
cblr-3021	775	42	markets	market	NOUN
cblr-3021	775	43	without	without	ADP
cblr-3021	775	44	a	a	DET
cblr-3021	775	45	real	real	ADJ
cblr-3021	775	46	comprehensive	comprehensive	ADJ
cblr-3021	775	47	view	view	NOUN
cblr-3021	775	48	,	,	PUNCT
cblr-3021	775	49	you	you	PRON
cblr-3021	775	50	think	think	VERB
cblr-3021	775	51	you	you	PRON
cblr-3021	775	52	're	be	AUX
cblr-3021	775	53	doing	do	VERB
cblr-3021	775	54	good	good	NOUN
cblr-3021	775	55	when	when	SCONJ
cblr-3021	775	56	in	in	ADP
cblr-3021	775	57	reality	reality	NOUN
cblr-3021	775	58	you	you	PRON
cblr-3021	775	59	're	be	AUX
cblr-3021	775	60	doing	do	VERB
cblr-3021	775	61	bad	bad	ADJ
cblr-3021	775	62	"	"	PUNCT
cblr-3021	775	63	)	)	PUNCT
cblr-3021	775	64	.	.	PUNCT
cblr-3021	776	1	no	no	INTJ
cblr-3021	776	2	.	.	PUNCT
cblr-3021	777	1	1:77	1:77	NUM
cblr-3021	777	2	]	]	X
cblr-3021	777	3	to	to	PART
cblr-3021	777	4	educate	educate	VERB
cblr-3021	777	5	the	the	DET
cblr-3021	777	6	investing	investing	NOUN
cblr-3021	777	7	public	public	NOUN
cblr-3021	777	8	and	and	CCONJ
cblr-3021	777	9	to	to	PART
cblr-3021	777	10	combat	combat	VERB
cblr-3021	777	11	illegal	illegal	ADJ
cblr-3021	777	12	boiler	boiler	NOUN
cblr-3021	777	13	room	room	NOUN
cblr-3021	777	14	operations	operation	NOUN
cblr-3021	777	15	.	.	PUNCT
cblr-3021	778	1	"	"	PUNCT
cblr-3021	778	2	'	'	PUNCT
cblr-3021	778	3	the	the	DET
cblr-3021	778	4	approach	approach	NOUN
cblr-3021	778	5	of	of	ADP
cblr-3021	778	6	regulators	regulator	NOUN
cblr-3021	778	7	should	should	AUX
cblr-3021	778	8	be	be	AUX
cblr-3021	778	9	to	to	PART
cblr-3021	778	10	better	well	ADV
cblr-3021	778	11	research	research	VERB
cblr-3021	778	12	the	the	DET
cblr-3021	778	13	occurrence	occurrence	NOUN
cblr-3021	778	14	of	of	ADP
cblr-3021	778	15	fraud	fraud	NOUN
cblr-3021	778	16	and	and	CCONJ
cblr-3021	778	17	price	price	NOUN
cblr-3021	778	18	manipulations	manipulation	NOUN
cblr-3021	778	19	and	and	CCONJ
cblr-3021	778	20	then	then	ADV
cblr-3021	778	21	follow	follow	VERB
cblr-3021	778	22	with	with	ADP
cblr-3021	778	23	targeted	target	VERB
cblr-3021	778	24	efforts	effort	NOUN
cblr-3021	778	25	,	,	PUNCT
cblr-3021	778	26	as	as	SCONJ
cblr-3021	778	27	opposed	oppose	VERB
cblr-3021	778	28	to	to	ADP
cblr-3021	778	29	implementing	implement	VERB
cblr-3021	778	30	unwieldy	unwieldy	ADJ
cblr-3021	778	31	rules	rule	NOUN
cblr-3021	778	32	that	that	PRON
cblr-3021	778	33	produce	produce	VERB
cblr-3021	778	34	costs	cost	NOUN
cblr-3021	778	35	potentially	potentially	ADV
cblr-3021	778	36	greater	great	ADJ
cblr-3021	778	37	than	than	ADP
cblr-3021	778	38	the	the	DET
cblr-3021	778	39	perceived	perceive	VERB
cblr-3021	778	40	benefits	benefit	NOUN
cblr-3021	778	41	.	.	PUNCT
cblr-3021	779	1	7	7	X
cblr-3021	779	2	.	.	X
cblr-3021	779	3	revise	revise	NOUN
cblr-3021	779	4	rules	rule	VERB
cblr-3021	779	5	504	504	NUM
cblr-3021	779	6	and	and	CCONJ
cblr-3021	779	7	506	506	NUM
cblr-3021	779	8	:	:	PUNCT
cblr-3021	779	9	create	create	VERB
cblr-3021	779	10	national	national	ADJ
cblr-3021	779	11	general	general	ADJ
cblr-3021	779	12	solicitation	solicitation	NOUN
cblr-3021	779	13	exemptions	exemption	VERB
cblr-3021	779	14	the	the	DET
cblr-3021	779	15	general	general	ADJ
cblr-3021	779	16	solicitation	solicitation	NOUN
cblr-3021	779	17	ban	ban	NOUN
cblr-3021	779	18	on	on	ADP
cblr-3021	779	19	rule	rule	NOUN
cblr-3021	779	20	504	504	NUM
cblr-3021	779	21	offerings	offering	NOUN
cblr-3021	779	22	should	should	AUX
cblr-3021	779	23	be	be	AUX
cblr-3021	779	24	eliminated	eliminate	VERB
cblr-3021	779	25	because	because	SCONJ
cblr-3021	779	26	it	it	PRON
cblr-3021	779	27	unduly	unduly	ADV
cblr-3021	779	28	burdens	burden	VERB
cblr-3021	779	29	entrepreneurs	entrepreneur	NOUN
cblr-3021	779	30	attempting	attempt	VERB
cblr-3021	779	31	to	to	PART
cblr-3021	779	32	raise	raise	VERB
cblr-3021	779	33	capital	capital	NOUN
cblr-3021	779	34	.	.	PUNCT
cblr-3021	780	1	allowing	allow	VERB
cblr-3021	780	2	entrepreneurs	entrepreneur	NOUN
cblr-3021	780	3	to	to	PART
cblr-3021	780	4	advertise	advertise	VERB
cblr-3021	780	5	their	their	PRON
cblr-3021	780	6	offerings	offering	NOUN
cblr-3021	780	7	freely	freely	ADV
cblr-3021	780	8	will	will	AUX
cblr-3021	780	9	enable	enable	VERB
cblr-3021	780	10	them	they	PRON
cblr-3021	780	11	to	to	PART
cblr-3021	780	12	focus	focus	VERB
cblr-3021	780	13	more	more	ADV
cblr-3021	780	14	on	on	ADP
cblr-3021	780	15	building	build	VERB
cblr-3021	780	16	their	their	PRON
cblr-3021	780	17	businesses	business	NOUN
cblr-3021	780	18	and	and	CCONJ
cblr-3021	780	19	less	less	ADV
cblr-3021	780	20	on	on	ADP
cblr-3021	780	21	constantly	constantly	ADV
cblr-3021	780	22	searching	search	VERB
cblr-3021	780	23	for	for	ADP
cblr-3021	780	24	accredited	accredit	VERB
cblr-3021	780	25	investor	investor	NOUN
cblr-3021	780	26	contacts	contact	NOUN
cblr-3021	780	27	,	,	PUNCT
cblr-3021	780	28	either	either	CCONJ
cblr-3021	780	29	through	through	ADP
cblr-3021	780	30	their	their	PRON
cblr-3021	780	31	own	own	ADJ
cblr-3021	780	32	networks	network	NOUN
cblr-3021	780	33	or	or	CCONJ
cblr-3021	780	34	through	through	ADP
cblr-3021	780	35	broker	broker	NOUN
cblr-3021	780	36	-	-	PUNCT
cblr-3021	780	37	dealers	dealer	NOUN
cblr-3021	780	38	.	.	PUNCT
cblr-3021	781	1	the	the	DET
cblr-3021	781	2	offerings	offering	NOUN
cblr-3021	781	3	themselves	themselves	PRON
cblr-3021	781	4	could	could	AUX
cblr-3021	781	5	still	still	ADV
cblr-3021	781	6	be	be	AUX
cblr-3021	781	7	limited	limit	VERB
cblr-3021	781	8	to	to	ADP
cblr-3021	781	9	accredited	accredit	VERB
cblr-3021	781	10	investors	investor	NOUN
cblr-3021	781	11	only	only	ADV
cblr-3021	781	12	.	.	PUNCT
cblr-3021	782	1	in	in	ADP
cblr-3021	782	2	addition	addition	NOUN
cblr-3021	782	3	,	,	PUNCT
cblr-3021	782	4	the	the	DET
cblr-3021	782	5	offering	offering	NOUN
cblr-3021	782	6	amount	amount	NOUN
cblr-3021	782	7	should	should	AUX
cblr-3021	782	8	be	be	AUX
cblr-3021	782	9	increased	increase	VERB
cblr-3021	782	10	to	to	ADP
cblr-3021	782	11	$	$	SYM
cblr-3021	782	12	5	5	NUM
cblr-3021	782	13	million	million	NUM
cblr-3021	782	14	,	,	PUNCT
cblr-3021	782	15	which	which	PRON
cblr-3021	782	16	will	will	AUX
cblr-3021	782	17	make	make	VERB
cblr-3021	782	18	the	the	DET
cblr-3021	782	19	costs	cost	NOUN
cblr-3021	782	20	of	of	ADP
cblr-3021	782	21	pursuing	pursue	VERB
cblr-3021	782	22	such	such	DET
cblr-3021	782	23	an	an	DET
cblr-3021	782	24	offering	offering	NOUN
cblr-3021	782	25	worthwhile	worthwhile	ADJ
cblr-3021	782	26	.	.	PUNCT
cblr-3021	783	1	finally	finally	ADV
cblr-3021	783	2	,	,	PUNCT
cblr-3021	783	3	the	the	DET
cblr-3021	783	4	exemption	exemption	NOUN
cblr-3021	783	5	should	should	AUX
cblr-3021	783	6	be	be	AUX
cblr-3021	783	7	federal	federal	ADJ
cblr-3021	783	8	and	and	CCONJ
cblr-3021	783	9	preempt	preempt	VERB
cblr-3021	783	10	state	state	NOUN
cblr-3021	783	11	law	law	NOUN
cblr-3021	783	12	in	in	ADP
cblr-3021	783	13	order	order	NOUN
cblr-3021	783	14	to	to	PART
cblr-3021	783	15	gain	gain	VERB
cblr-3021	783	16	uniformity	uniformity	NOUN
cblr-3021	783	17	,	,	PUNCT
cblr-3021	783	18	as	as	SCONJ
cblr-3021	783	19	there	there	PRON
cblr-3021	783	20	currently	currently	ADV
cblr-3021	783	21	is	be	AUX
cblr-3021	783	22	wide	wide	ADJ
cblr-3021	783	23	variation	variation	NOUN
cblr-3021	783	24	among	among	ADP
cblr-3021	783	25	state	state	NOUN
cblr-3021	783	26	regulations	regulation	NOUN
cblr-3021	783	27	governing	govern	VERB
cblr-3021	783	28	this	this	DET
cblr-3021	783	29	area	area	NOUN
cblr-3021	783	30	.	.	PUNCT
cblr-3021	784	1	vi	vi	X
cblr-3021	784	2	.	.	PROPN
cblr-3021	784	3	conclusion	conclusion	VERB
cblr-3021	784	4	comprehensive	comprehensive	ADJ
cblr-3021	784	5	relief	relief	NOUN
cblr-3021	784	6	for	for	ADP
cblr-3021	784	7	the	the	DET
cblr-3021	784	8	entrepreneur	entrepreneur	NOUN
cblr-3021	784	9	,	,	PUNCT
cblr-3021	784	10	venture	venture	NOUN
cblr-3021	784	11	capitalist	capitalist	NOUN
cblr-3021	784	12	,	,	PUNCT
cblr-3021	784	13	and	and	CCONJ
cblr-3021	784	14	angel	angel	NOUN
cblr-3021	784	15	investor	investor	NOUN
cblr-3021	784	16	remains	remain	VERB
cblr-3021	784	17	elusive	elusive	ADJ
cblr-3021	784	18	.	.	PUNCT
cblr-3021	785	1	large	large	ADJ
cblr-3021	785	2	-	-	PUNCT
cblr-3021	785	3	scale	scale	NOUN
cblr-3021	785	4	unmet	unmet	NOUN
cblr-3021	785	5	demand	demand	NOUN
cblr-3021	785	6	requires	require	VERB
cblr-3021	785	7	further	further	ADJ
cblr-3021	785	8	legislative	legislative	ADJ
cblr-3021	785	9	innovation	innovation	NOUN
cblr-3021	785	10	,	,	PUNCT
cblr-3021	785	11	including	include	VERB
cblr-3021	785	12	the	the	DET
cblr-3021	785	13	removal	removal	NOUN
cblr-3021	785	14	of	of	ADP
cblr-3021	785	15	outdated	outdated	ADJ
cblr-3021	785	16	regulations	regulation	NOUN
cblr-3021	785	17	,	,	PUNCT
cblr-3021	785	18	to	to	PART
cblr-3021	785	19	facilitate	facilitate	VERB
cblr-3021	785	20	not	not	PART
cblr-3021	785	21	only	only	ADV
cblr-3021	785	22	much	much	ADV
cblr-3021	785	23	-	-	PUNCT
cblr-3021	785	24	needed	need	VERB
cblr-3021	785	25	capital	capital	NOUN
cblr-3021	785	26	for	for	ADP
cblr-3021	785	27	fledgling	fledgling	NOUN
cblr-3021	785	28	enterprises	enterprise	NOUN
cblr-3021	785	29	but	but	CCONJ
cblr-3021	785	30	also	also	ADV
cblr-3021	785	31	access	access	NOUN
cblr-3021	785	32	to	to	ADP
cblr-3021	785	33	the	the	DET
cblr-3021	785	34	superior	superior	ADJ
cblr-3021	785	35	returns	return	NOUN
cblr-3021	785	36	desired	desire	VERB
cblr-3021	785	37	by	by	ADP
cblr-3021	785	38	many	many	ADJ
cblr-3021	785	39	potential	potential	ADJ
cblr-3021	785	40	171	171	NUM
cblr-3021	785	41	see	see	NOUN
cblr-3021	785	42	press	press	NOUN
cblr-3021	785	43	release	release	NOUN
cblr-3021	785	44	,	,	PUNCT
cblr-3021	785	45	state	state	NOUN
cblr-3021	785	46	of	of	ADP
cblr-3021	785	47	california	california	PROPN
cblr-3021	785	48	department	department	PROPN
cblr-3021	785	49	of	of	ADP
cblr-3021	785	50	corporations	corporation	NOUN
cblr-3021	785	51	,	,	PUNCT
cblr-3021	785	52	art	art	NOUN
cblr-3021	785	53	imitates	imitate	VERB
cblr-3021	785	54	life	life	NOUN
cblr-3021	785	55	in	in	ADP
cblr-3021	785	56	new	new	ADJ
cblr-3021	785	57	movie	movie	NOUN
cblr-3021	785	58	"	"	PUNCT
cblr-3021	785	59	boiler	boiler	NOUN
cblr-3021	785	60	room	room	NOUN
cblr-3021	785	61	"	"	PUNCT
cblr-3021	785	62	(	(	PUNCT
cblr-3021	785	63	mar	mar	PROPN
cblr-3021	785	64	.	.	PROPN
cblr-3021	785	65	2	2	NUM
cblr-3021	785	66	,	,	PUNCT
cblr-3021	785	67	2000	2000	NUM
cblr-3021	785	68	)	)	PUNCT
cblr-3021	785	69	,	,	PUNCT
cblr-3021	785	70	at	at	ADP
cblr-3021	785	71	http://www.corp.ca.gov/pressrel/nroo02.htm	http://www.corp.ca.gov/pressrel/nroo02.htm	PROPN
cblr-3021	785	72	(	(	PUNCT
cblr-3021	785	73	describing	describe	VERB
cblr-3021	785	74	how	how	SCONJ
cblr-3021	785	75	the	the	DET
cblr-3021	785	76	department	department	NOUN
cblr-3021	785	77	is	be	AUX
cblr-3021	785	78	working	work	VERB
cblr-3021	785	79	with	with	ADP
cblr-3021	785	80	aarp	aarp	NOUN
cblr-3021	785	81	and	and	CCONJ
cblr-3021	785	82	other	other	ADJ
cblr-3021	785	83	groups	group	NOUN
cblr-3021	785	84	to	to	PART
cblr-3021	785	85	warn	warn	VERB
cblr-3021	785	86	investors	investor	NOUN
cblr-3021	785	87	about	about	ADP
cblr-3021	785	88	telemarketing	telemarketing	NOUN
cblr-3021	785	89	fraud	fraud	NOUN
cblr-3021	785	90	,	,	PUNCT
cblr-3021	785	91	as	as	ADV
cblr-3021	785	92	well	well	ADV
cblr-3021	785	93	as	as	ADP
cblr-3021	785	94	setting	set	VERB
cblr-3021	785	95	up	up	ADP
cblr-3021	785	96	a	a	DET
cblr-3021	785	97	multi	multi	ADJ
cblr-3021	785	98	-	-	ADJ
cblr-3021	785	99	agency	agency	ADJ
cblr-3021	785	100	task	task	NOUN
cblr-3021	785	101	force	force	NOUN
cblr-3021	785	102	with	with	ADP
cblr-3021	785	103	a	a	DET
cblr-3021	785	104	command	command	NOUN
cblr-3021	785	105	center	center	NOUN
cblr-3021	785	106	that	that	PRON
cblr-3021	785	107	will	will	AUX
cblr-3021	785	108	house	house	VERB
cblr-3021	785	109	permanent	permanent	ADJ
cblr-3021	785	110	staff	staff	NOUN
cblr-3021	785	111	,	,	PUNCT
cblr-3021	785	112	resources	resource	NOUN
cblr-3021	785	113	,	,	PUNCT
cblr-3021	785	114	and	and	CCONJ
cblr-3021	785	115	information	information	NOUN
cblr-3021	785	116	to	to	PART
cblr-3021	785	117	combat	combat	VERB
cblr-3021	785	118	illegal	illegal	ADJ
cblr-3021	785	119	boiler	boiler	NOUN
cblr-3021	785	120	room	room	NOUN
cblr-3021	785	121	operations	operation	NOUN
cblr-3021	785	122	)	)	PUNCT
cblr-3021	785	123	.	.	PUNCT
cblr-3021	786	1	columbia	columbia	PROPN
cblr-3021	786	2	business	business	PROPN
cblr-3021	786	3	la	la	PROPN
cblr-3021	786	4	w	w	PROPN
cblr-3021	786	5	review	review	NOUN
cblr-3021	786	6	[	[	X
cblr-3021	786	7	vol	vol	NOUN
cblr-3021	786	8	.	.	PUNCT
cblr-3021	786	9	2004	2004	NUM
cblr-3021	786	10	investors	investor	NOUN
cblr-3021	786	11	suitably	suitably	ADV
cblr-3021	786	12	equipped	equip	VERB
cblr-3021	786	13	for	for	ADP
cblr-3021	786	14	the	the	DET
cblr-3021	786	15	risk	risk	NOUN
cblr-3021	786	16	.	.	PUNCT
cblr-3021	787	1	many	many	ADJ
cblr-3021	787	2	middleand	middleand	NOUN
cblr-3021	787	3	lower	low	ADJ
cblr-3021	787	4	-	-	PUNCT
cblr-3021	787	5	income	income	NOUN
cblr-3021	787	6	americans	american	NOUN
cblr-3021	787	7	own	own	VERB
cblr-3021	787	8	significantly	significantly	ADV
cblr-3021	787	9	leveraged	leverage	VERB
cblr-3021	787	10	positions	position	NOUN
cblr-3021	787	11	in	in	ADP
cblr-3021	787	12	real	real	ADJ
cblr-3021	787	13	estate	estate	NOUN
cblr-3021	787	14	,	,	PUNCT
cblr-3021	787	15	with	with	ADP
cblr-3021	787	16	accompanying	accompany	VERB
cblr-3021	787	17	risks	risk	NOUN
cblr-3021	787	18	that	that	PRON
cblr-3021	787	19	dwarf	dwarf	VERB
cblr-3021	787	20	the	the	DET
cblr-3021	787	21	risk	risk	NOUN
cblr-3021	787	22	,	,	PUNCT
cblr-3021	787	23	and	and	CCONJ
cblr-3021	787	24	earn	earn	VERB
cblr-3021	787	25	a	a	DET
cblr-3021	787	26	fraction	fraction	NOUN
cblr-3021	787	27	of	of	ADP
cblr-3021	787	28	the	the	DET
cblr-3021	787	29	return	return	NOUN
cblr-3021	787	30	,	,	PUNCT
cblr-3021	787	31	that	that	SCONJ
cblr-3021	787	32	their	their	PRON
cblr-3021	787	33	participation	participation	NOUN
cblr-3021	787	34	in	in	ADP
cblr-3021	787	35	a	a	DET
cblr-3021	787	36	diversified	diversified	ADJ
cblr-3021	787	37	portfolio	portfolio	NOUN
cblr-3021	787	38	of	of	ADP
cblr-3021	787	39	venture	venture	NOUN
cblr-3021	787	40	capital	capital	NOUN
cblr-3021	787	41	investments	investment	NOUN
cblr-3021	787	42	could	could	AUX
cblr-3021	787	43	offer	offer	VERB
cblr-3021	787	44	.	.	PUNCT
cblr-3021	788	1	competing	compete	VERB
cblr-3021	788	2	policy	policy	NOUN
cblr-3021	788	3	concerns	concern	NOUN
cblr-3021	788	4	may	may	AUX
cblr-3021	788	5	make	make	VERB
cblr-3021	788	6	reform	reform	NOUN
cblr-3021	788	7	complicated	complicated	ADJ
cblr-3021	788	8	and	and	CCONJ
cblr-3021	788	9	politically	politically	ADV
cblr-3021	788	10	charged	charge	VERB
cblr-3021	788	11	at	at	ADP
cblr-3021	788	12	times	time	NOUN
cblr-3021	788	13	.	.	PUNCT
cblr-3021	789	1	however	however	ADV
cblr-3021	789	2	,	,	PUNCT
cblr-3021	789	3	federal	federal	ADJ
cblr-3021	789	4	and	and	CCONJ
cblr-3021	789	5	state	state	NOUN
cblr-3021	789	6	legislatures	legislature	NOUN
cblr-3021	789	7	can	can	AUX
cblr-3021	789	8	make	make	VERB
cblr-3021	789	9	improvements	improvement	NOUN
cblr-3021	789	10	by	by	ADP
cblr-3021	789	11	measured	measured	ADJ
cblr-3021	789	12	recognition	recognition	NOUN
cblr-3021	789	13	of	of	ADP
cblr-3021	789	14	the	the	DET
cblr-3021	789	15	crucial	crucial	ADJ
cblr-3021	789	16	role	role	NOUN
cblr-3021	789	17	that	that	PRON
cblr-3021	789	18	venture	venture	NOUN
cblr-3021	789	19	capital	capital	NOUN
cblr-3021	789	20	plays	play	VERB
cblr-3021	789	21	in	in	ADP
cblr-3021	789	22	the	the	DET
cblr-3021	789	23	growth	growth	NOUN
cblr-3021	789	24	of	of	ADP
cblr-3021	789	25	the	the	DET
cblr-3021	789	26	economy	economy	NOUN
cblr-3021	789	27	.	.	PUNCT
cblr-3021	790	1	synthesized	synthesize	VERB
cblr-3021	790	2	,	,	PUNCT
cblr-3021	790	3	well	well	ADV
cblr-3021	790	4	-	-	PUNCT
cblr-3021	790	5	tailored	tailor	VERB
cblr-3021	790	6	regulatory	regulatory	ADJ
cblr-3021	790	7	relief	relief	NOUN
cblr-3021	790	8	has	have	AUX
cblr-3021	790	9	not	not	PART
cblr-3021	790	10	occurred	occur	VERB
cblr-3021	790	11	yet	yet	ADV
cblr-3021	790	12	.	.	PUNCT
cblr-3021	791	1	the	the	DET
cblr-3021	791	2	national	national	ADJ
cblr-3021	791	3	growth	growth	NOUN
cblr-3021	791	4	of	of	ADP
cblr-3021	791	5	venture	venture	NOUN
cblr-3021	791	6	capital	capital	NOUN
cblr-3021	791	7	,	,	PUNCT
cblr-3021	791	8	largely	largely	ADV
cblr-3021	791	9	available	available	ADJ
cblr-3021	791	10	to	to	ADP
cblr-3021	791	11	only	only	ADV
cblr-3021	791	12	the	the	DET
cblr-3021	791	13	richest	rich	ADJ
cblr-3021	791	14	few	few	ADJ
cblr-3021	791	15	,	,	PUNCT
cblr-3021	791	16	will	will	AUX
cblr-3021	791	17	necessitate	necessitate	VERB
cblr-3021	791	18	re	re	VERB
cblr-3021	791	19	-	-	ADJ
cblr-3021	791	20	evaluating	evaluate	VERB
cblr-3021	791	21	current	current	ADJ
cblr-3021	791	22	reform	reform	NOUN
cblr-3021	791	23	and	and	CCONJ
cblr-3021	791	24	further	far	ADV
cblr-3021	791	25	developing	develop	VERB
cblr-3021	791	26	legislative	legislative	ADJ
cblr-3021	791	27	innovation	innovation	NOUN
cblr-3021	791	28	in	in	ADP
cblr-3021	791	29	this	this	DET
cblr-3021	791	30	area	area	NOUN
cblr-3021	791	31	.	.	PUNCT
cblr-3021	792	1	until	until	SCONJ
cblr-3021	792	2	further	further	ADJ
cblr-3021	792	3	democratization	democratization	NOUN
cblr-3021	792	4	occurs	occur	VERB
cblr-3021	792	5	in	in	ADP
cblr-3021	792	6	venture	venture	NOUN
cblr-3021	792	7	capital	capital	NOUN
cblr-3021	792	8	,	,	PUNCT
cblr-3021	792	9	regulators	regulator	NOUN
cblr-3021	792	10	may	may	AUX
cblr-3021	792	11	be	be	AUX
cblr-3021	792	12	unwittingly	unwittingly	ADV
cblr-3021	792	13	harming	harm	VERB
cblr-3021	792	14	entrepreneurs	entrepreneur	NOUN
cblr-3021	792	15	,	,	PUNCT
cblr-3021	792	16	middle	middle	ADJ
cblr-3021	792	17	-	-	PUNCT
cblr-3021	792	18	income	income	NOUN
cblr-3021	792	19	and	and	CCONJ
cblr-3021	792	20	lower	low	ADJ
cblr-3021	792	21	-	-	PUNCT
cblr-3021	792	22	income	income	NOUN
cblr-3021	792	23	americans	americans	PROPN
cblr-3021	792	24	alike	alike	ADV
cblr-3021	792	25	,	,	PUNCT
cblr-3021	792	26	while	while	SCONJ
cblr-3021	792	27	benefiting	benefit	VERB
cblr-3021	792	28	the	the	DET
cblr-3021	792	29	wealthiest	wealthy	ADJ
cblr-3021	792	30	.	.	PUNCT
cblr-3021	793	1	no	no	INTJ
cblr-3021	793	2	.	.	PUNCT
cblr-3021	794	1	1:77	1:77	NUM
cblr-3021	794	2	]	]	X
cblr-3021	794	3	venture	venture	NOUN
cblr-3021	794	4	capital	capital	NOUN
cblr-3021	794	5	formation	formation	NOUN
cblr-3021	794	6	and	and	CCONJ
cblr-3021	794	7	access	access	NOUN
cblr-3021	794	8	columbia	columbia	PROPN
cblr-3021	794	9	business	business	PROPN
cblr-3021	794	10	law	law	PROPN
cblr-3021	794	11	review	review	NOUN
cblr-3021	794	12	vii	vii	PROPN
cblr-3021	794	13	.	.	PUNCT
cblr-3021	795	1	appendix	appendix	ADJ
cblr-3021	795	2	table	table	NOUN
cblr-3021	795	3	1	1	NUM
cblr-3021	795	4	history	history	NOUN
cblr-3021	795	5	of	of	ADP
cblr-3021	795	6	venture	venture	NOUN
cblr-3021	795	7	capital	capital	NOUN
cblr-3021	795	8	commitments	commitment	NOUN
cblr-3021	795	9	and	and	CCONJ
cblr-3021	795	10	investments	investment	NOUN
cblr-3021	795	11	(	(	PUNCT
cblr-3021	795	12	1969	1969	NUM
cblr-3021	795	13	-	-	SYM
cblr-3021	795	14	2001	2001	NUM
cblr-3021	795	15	)	)	PUNCT
cblr-3021	795	16	capital	capital	NOUN
cblr-3021	795	17	committed	commit	VERB
cblr-3021	795	18	to	to	ADP
cblr-3021	795	19	capital	capital	NOUN
cblr-3021	795	20	invested	invest	VERB
cblr-3021	795	21	by	by	ADP
cblr-3021	795	22	year	year	NOUN
cblr-3021	795	23	venture	venture	NOUN
cblr-3021	795	24	capital	capital	NOUN
cblr-3021	795	25	funds	fund	NOUN
cblr-3021	795	26	venture	venture	NOUN
cblr-3021	795	27	capital	capital	NOUN
cblr-3021	795	28	funds	fund	NOUN
cblr-3021	795	29	(	(	PUNCT
cblr-3021	795	30	$	$	SYM
cblr-3021	795	31	millions	million	NOUN
cblr-3021	795	32	)	)	PUNCT
cblr-3021	795	33	(	(	PUNCT
cblr-3021	795	34	$	$	SYM
cblr-3021	795	35	millions	million	NOUN
cblr-3021	795	36	)	)	PUNCT
cblr-3021	795	37	1969	1969	NUM
cblr-3021	795	38	171	171	NUM
cblr-3021	795	39	n	n	CCONJ
cblr-3021	795	40	/	/	SYM
cblr-3021	795	41	a	a	DET
cblr-3021	795	42	1970	1970	NUM
cblr-3021	795	43	70	70	NUM
cblr-3021	795	44	n	n	CCONJ
cblr-3021	795	45	/	/	SYM
cblr-3021	795	46	a	a	DET
cblr-3021	795	47	1971	1971	NUM
cblr-3021	795	48	70	70	NUM
cblr-3021	795	49	n	n	CCONJ
cblr-3021	795	50	/	/	SYM
cblr-3021	795	51	a	a	DET
cblr-3021	795	52	1972	1972	NUM
cblr-3021	795	53	55	55	NUM
cblr-3021	795	54	n	n	NOUN
cblr-3021	795	55	/	/	SYM
cblr-3021	795	56	a	a	DET
cblr-3021	795	57	1973	1973	NUM
cblr-3021	795	58	40	40	NUM
cblr-3021	795	59	n	n	CCONJ
cblr-3021	795	60	/	/	SYM
cblr-3021	795	61	a	a	DET
cblr-3021	795	62	1974	1974	NUM
cblr-3021	795	63	40	40	NUM
cblr-3021	795	64	n	n	CCONJ
cblr-3021	795	65	/	/	SYM
cblr-3021	795	66	a	a	DET
cblr-3021	795	67	1975	1975	NUM
cblr-3021	795	68	35	35	NUM
cblr-3021	795	69	n	n	CCONJ
cblr-3021	795	70	/	/	SYM
cblr-3021	795	71	a	a	DET
cblr-3021	795	72	1976	1976	NUM
cblr-3021	795	73	40	40	NUM
cblr-3021	795	74	n	n	CCONJ
cblr-3021	795	75	/	/	SYM
cblr-3021	795	76	a	a	DET
cblr-3021	795	77	1977	1977	NUM
cblr-3021	795	78	39	39	NUM
cblr-3021	795	79	n	n	CCONJ
cblr-3021	795	80	/	/	SYM
cblr-3021	795	81	a	a	DET
cblr-3021	795	82	1978	1978	NUM
cblr-3021	795	83	600	600	NUM
cblr-3021	795	84	n	n	CCONJ
cblr-3021	795	85	/	/	SYM
cblr-3021	795	86	a	a	DET
cblr-3021	795	87	1979	1979	NUM
cblr-3021	795	88	250	250	NUM
cblr-3021	795	89	n	n	CCONJ
cblr-3021	795	90	/	/	SYM
cblr-3021	795	91	a	a	DET
cblr-3021	795	92	1980	1980	NUM
cblr-3021	795	93	700	700	NUM
cblr-3021	795	94	n	n	CCONJ
cblr-3021	795	95	/	/	SYM
cblr-3021	795	96	a	a	PRON
cblr-3021	795	97	1981	1981	NUM
cblr-3021	795	98	1,300	1,300	NUM
cblr-3021	795	99	n	n	CCONJ
cblr-3021	795	100	/	/	SYM
cblr-3021	795	101	a	a	DET
cblr-3021	795	102	1982	1982	NUM
cblr-3021	795	103	1,457	1,457	NUM
cblr-3021	795	104	1,903	1,903	NUM
cblr-3021	795	105	1983	1983	NUM
cblr-3021	795	106	4,540	4,540	NUM
cblr-3021	795	107	3,675	3,675	NUM
cblr-3021	795	108	1984	1984	NUM
cblr-3021	795	109	2,895	2,895	NUM
cblr-3021	795	110	5,434	5,434	NUM
cblr-3021	795	111	1985	1985	NUM
cblr-3021	795	112	3,324	3,324	NUM
cblr-3021	795	113	3,861	3,861	NUM
cblr-3021	795	114	1986	1986	NUM
cblr-3021	795	115	3,776	3,776	NUM
cblr-3021	795	116	4,674	4,674	NUM
cblr-3021	795	117	1987	1987	NUM
cblr-3021	795	118	3,571	3,571	NUM
cblr-3021	795	119	4,971	4,971	NUM
cblr-3021	795	120	1988	1988	NUM
cblr-3021	795	121	3,191	3,191	NUM
cblr-3021	795	122	5,821	5,821	NUM
cblr-3021	795	123	1989	1989	NUM
cblr-3021	795	124	5,202	5,202	NUM
cblr-3021	795	125	5,800	5,800	NUM
cblr-3021	795	126	1990	1990	NUM
cblr-3021	795	127	2,006	2,006	NUM
cblr-3021	795	128	3,917	3,917	NUM
cblr-3021	795	129	1991	1991	NUM
cblr-3021	795	130	1,215	1,215	NUM
cblr-3021	795	131	2,909	2,909	NUM
cblr-3021	795	132	1992	1992	NUM
cblr-3021	795	133	3,114	3,114	NUM
cblr-3021	795	134	5,529	5,529	NUM
cblr-3021	795	135	1993	1993	NUM
cblr-3021	795	136	3,996	3,996	NUM
cblr-3021	795	137	5,584	5,584	NUM
cblr-3021	795	138	1994	1994	NUM
cblr-3021	795	139	5,535	5,535	NUM
cblr-3021	795	140	5,468	5,468	NUM
cblr-3021	795	141	1995	1995	NUM
cblr-3021	795	142	6,296	6,296	NUM
cblr-3021	795	143	5,928	5,928	NUM
cblr-3021	795	144	1996	1996	NUM
cblr-3021	795	145	8,233	8,233	NUM
cblr-3021	795	146	9,879	9,879	NUM
cblr-3021	795	147	1997	1997	NUM
cblr-3021	795	148	10,399	10,399	NUM
cblr-3021	795	149	13,064	13,064	NUM
cblr-3021	795	150	1998	1998	NUM
cblr-3021	795	151	30,400	30,400	NUM
cblr-3021	795	152	19,200	19,200	NUM
cblr-3021	795	153	1999	1999	NUM
cblr-3021	795	154	59,200	59,200	NUM
cblr-3021	795	155	52,400	52,400	NUM
cblr-3021	795	156	2000	2000	NUM
cblr-3021	795	157	104,600	104,600	NUM
cblr-3021	795	158	99,600	99,600	NUM
cblr-3021	795	159	2001	2001	NUM
cblr-3021	795	160	40,600	40,600	NUM
cblr-3021	795	161	36,500	36,500	NUM
cblr-3021	795	162	source	source	NOUN
cblr-3021	795	163	:	:	PUNCT
cblr-3021	795	164	bristow	bristow	PROPN
cblr-3021	795	165	&	&	CCONJ
cblr-3021	795	166	petillon	petillon	NOUN
cblr-3021	795	167	table	table	NOUN
cblr-3021	795	168	5	5	NUM
cblr-3021	795	169	,	,	PUNCT
cblr-3021	795	170	venture	venture	NOUN
cblr-3021	795	171	capital	capital	NOUN
cblr-3021	795	172	association	association	PROPN
cblr-3021	795	173	(	(	PUNCT
cblr-3021	795	174	1998	1998	NUM
cblr-3021	795	175	-	-	SYM
cblr-3021	795	176	2001	2001	NUM
cblr-3021	795	177	)	)	PUNCT
cblr-3021	795	178	.	.	PUNCT
cblr-3021	796	1	economics	economic	NOUN
cblr-3021	796	2	and	and	CCONJ
cblr-3021	796	3	national	national	ADJ
cblr-3021	796	4	venture	venture	NOUN
cblr-3021	796	5	128	128	NUM
cblr-3021	796	6	[	[	X
cblr-3021	796	7	vol	vol	NOUN
cblr-3021	796	8	.	.	PUNCT
cblr-3021	796	9	2004	2004	NUM
cblr-3021	796	10	venture	venture	NOUN
cblr-3021	796	11	capital	capital	NOUN
cblr-3021	796	12	formation	formation	NOUN
cblr-3021	796	13	and	and	CCONJ
cblr-3021	796	14	access	access	NOUN
cblr-3021	796	15	table	table	NOUN
cblr-3021	796	16	2	2	NUM
cblr-3021	796	17	average	average	ADJ
cblr-3021	796	18	size	size	NOUN
cblr-3021	796	19	of	of	ADP
cblr-3021	796	20	average	average	ADJ
cblr-3021	796	21	size	size	NOUN
cblr-3021	796	22	of	of	ADP
cblr-3021	796	23	new	new	ADJ
cblr-3021	796	24	new	new	ADJ
cblr-3021	796	25	number	number	NOUN
cblr-3021	796	26	of	of	ADP
cblr-3021	796	27	new	new	ADJ
cblr-3021	796	28	new	new	ADJ
cblr-3021	796	29	partnerships	partnership	NOUN
cblr-3021	796	30	partnerships	partnership	NOUN
cblr-3021	796	31	partnerships	partnership	NOUN
cblr-3021	796	32	(	(	PUNCT
cblr-3021	796	33	$	$	SYM
cblr-3021	796	34	millions	million	NOUN
cblr-3021	796	35	)	)	PUNCT
cblr-3021	796	36	(	(	PUNCT
cblr-3021	796	37	$	$	SYM
cblr-3021	796	38	millions	million	NOUN
cblr-3021	796	39	)	)	PUNCT
cblr-3021	796	40	(	(	PUNCT
cblr-3021	796	41	nominal	nominal	ADJ
cblr-3021	796	42	)	)	PUNCT
cblr-3021	796	43	(	(	PUNCT
cblr-3021	796	44	in	in	ADP
cblr-3021	796	45	2001	2001	NUM
cblr-3021	796	46	$	$	SYM
cblr-3021	796	47	)	)	PUNCT
cblr-3021	796	48	1980	1980	NUM
cblr-3021	796	49	26	26	NUM
cblr-3021	796	50	28	28	NUM
cblr-3021	796	51	52.1	52.1	NUM
cblr-3021	796	52	1981	1981	NUM
cblr-3021	796	53	40	40	NUM
cblr-3021	796	54	24.3	24.3	NUM
cblr-3021	796	55	43.9	43.9	NUM
cblr-3021	796	56	1982	1982	NUM
cblr-3021	796	57	40	40	NUM
cblr-3021	796	58	27.4	27.4	NUM
cblr-3021	796	59	48.0	48.0	NUM
cblr-3021	796	60	1983	1983	NUM
cblr-3021	796	61	76	76	NUM
cblr-3021	796	62	39.1	39.1	NUM
cblr-3021	796	63	66.6	66.6	NUM
cblr-3021	796	64	1984	1984	NUM
cblr-3021	796	65	83	83	NUM
cblr-3021	796	66	38.4	38.4	NUM
cblr-3021	796	67	63.5	63.5	NUM
cblr-3021	796	68	1985	1985	NUM
cblr-3021	796	69	59	59	NUM
cblr-3021	796	70	32.8	32.8	NUM
cblr-3021	796	71	52.6	52.6	NUM
cblr-3021	796	72	1986	1986	NUM
cblr-3021	796	73	59	59	NUM
cblr-3021	796	74	51.6	51.6	NUM
cblr-3021	796	75	80.4	80.4	NUM
cblr-3021	796	76	1987	1987	NUM
cblr-3021	796	77	78	78	NUM
cblr-3021	796	78	43.7	43.7	NUM
cblr-3021	796	79	66.1	66.1	NUM
cblr-3021	796	80	1988	1988	NUM
cblr-3021	796	81	54	54	NUM
cblr-3021	796	82	44.3	44.3	NUM
cblr-3021	796	83	65.1	65.1	NUM
cblr-3021	796	84	1989	1989	NUM
cblr-3021	796	85	64	64	NUM
cblr-3021	796	86	47.6	47.6	NUM
cblr-3021	796	87	67.9	67.9	NUM
cblr-3021	796	88	1990	1990	NUM
cblr-3021	796	89	21	21	NUM
cblr-3021	796	90	52	52	NUM
cblr-3021	796	91	72.0	72.0	NUM
cblr-3021	796	92	1991	1991	NUM
cblr-3021	796	93	5	5	NUM
cblr-3021	796	94	33.3	33.3	NUM
cblr-3021	796	95	44.8	44.8	NUM
cblr-3021	796	96	1992	1992	NUM
cblr-3021	796	97	13	13	NUM
cblr-3021	796	98	137.8	137.8	NUM
cblr-3021	796	99	179.8	179.8	NUM
cblr-3021	796	100	1993	1993	NUM
cblr-3021	796	101	18	18	NUM
cblr-3021	796	102	32	32	NUM
cblr-3021	796	103	40.5	40.5	NUM
cblr-3021	796	104	1994	1994	NUM
cblr-3021	796	105	25	25	NUM
cblr-3021	796	106	48.7	48.7	NUM
cblr-3021	796	107	59.9	59.9	NUM
cblr-3021	796	108	1995	1995	NUM
cblr-3021	796	109	36	36	NUM
cblr-3021	796	110	69	69	NUM
cblr-3021	796	111	82.4	82.4	NUM
cblr-3021	796	112	1996	1996	NUM
cblr-3021	796	113	54	54	NUM
cblr-3021	796	114	56.2	56.2	NUM
cblr-3021	796	115	65.2	65.2	NUM
cblr-3021	796	116	1997	1997	NUM
cblr-3021	796	117	79	79	NUM
cblr-3021	797	1	52	52	NUM
cblr-3021	798	1	58.5	58.5	NUM
cblr-3021	798	2	1998	1998	NUM
cblr-3021	798	3	82	82	NUM
cblr-3021	798	4	52.6	52.6	NUM
cblr-3021	798	5	57.5	57.5	NUM
cblr-3021	798	6	1999	1999	NUM
cblr-3021	798	7	146	146	NUM
cblr-3021	798	8	98.6	98.6	NUM
cblr-3021	798	9	104.6	104.6	NUM
cblr-3021	798	10	2000	2000	NUM
cblr-3021	798	11	195	195	NUM
cblr-3021	798	12	71.5	71.5	NUM
cblr-3021	798	13	73.6	73.6	NUM
cblr-3021	798	14	2001	2001	NUM
cblr-3021	798	15	86	86	NUM
cblr-3021	798	16	53.7	53.7	NUM
cblr-3021	798	17	53.7	53.7	NUM
cblr-3021	798	18	source	source	NOUN
cblr-3021	798	19	:	:	PUNCT
cblr-3021	798	20	bristow	bristow	PROPN
cblr-3021	798	21	&	&	CCONJ
cblr-3021	798	22	petillon	petillon	NOUN
cblr-3021	798	23	table	table	NOUN
cblr-3021	798	24	7	7	NUM
cblr-3021	798	25	,	,	PUNCT
cblr-3021	798	26	venture	venture	NOUN
cblr-3021	798	27	economics	economic	NOUN
cblr-3021	798	28	(	(	PUNCT
cblr-3021	798	29	1991	1991	NUM
cblr-3021	798	30	-	-	SYM
cblr-3021	798	31	2001	2001	NUM
cblr-3021	798	32	)	)	PUNCT
cblr-3021	799	1	no	no	INTJ
cblr-3021	799	2	.	.	PUNCT
cblr-3021	800	1	1:77	1:77	NUM
cblr-3021	800	2	]	]	X
cblr-3021	800	3	columbia	columbia	PROPN
cblr-3021	800	4	business	business	PROPN
cblr-3021	800	5	la	la	PROPN
cblr-3021	800	6	w	w	PROPN
cblr-3021	800	7	review	review	PROPN
cblr-3021	800	8	table	table	NOUN
cblr-3021	800	9	3	3	NUM
cblr-3021	800	10	distribution	distribution	NOUN
cblr-3021	800	11	of	of	ADP
cblr-3021	800	12	wealth	wealth	NOUN
cblr-3021	800	13	among	among	ADP
cblr-3021	800	14	u.s	u.s	PROPN
cblr-3021	800	15	.	.	PROPN
cblr-3021	800	16	households	household	NOUN
cblr-3021	800	17	income	income	NOUN
cblr-3021	800	18	and	and	CCONJ
cblr-3021	800	19	benefits	benefit	VERB
cblr-3021	800	20	number	number	NOUN
cblr-3021	800	21	of	of	ADP
cblr-3021	800	22	percentage	percentage	NOUN
cblr-3021	800	23	of	of	ADP
cblr-3021	800	24	(	(	PUNCT
cblr-3021	800	25	using	use	VERB
cblr-3021	800	26	year	year	NOUN
cblr-3021	800	27	2000	2000	NUM
cblr-3021	800	28	inflation	inflation	NOUN
cblr-3021	800	29	-	-	PUNCT
cblr-3021	800	30	adjusted	adjust	VERB
cblr-3021	800	31	households	household	NOUN
cblr-3021	800	32	households	household	NOUN
cblr-3021	800	33	dollars	dollar	NOUN
cblr-3021	800	34	)	)	PUNCT
cblr-3021	800	35	less	less	ADJ
cblr-3021	800	36	than	than	ADP
cblr-3021	800	37	$	$	SYM
cblr-3021	800	38	10,000	10,000	NUM
cblr-3021	800	39	10,214,029	10,214,029	NUM
cblr-3021	800	40	9.55	9.55	NUM
cblr-3021	800	41	%	%	NOUN
cblr-3021	800	42	$	$	SYM
cblr-3021	800	43	10,000	10,000	NUM
cblr-3021	800	44	to	to	PART
cblr-3021	800	45	$	$	SYM
cblr-3021	800	46	14,999	14,999	NUM
cblr-3021	800	47	7,114,480	7,114,480	NUM
cblr-3021	800	48	6.65	6.65	NUM
cblr-3021	800	49	%	%	NOUN
cblr-3021	800	50	$	$	SYM
cblr-3021	800	51	15,000	15,000	NUM
cblr-3021	800	52	to	to	PART
cblr-3021	800	53	$	$	SYM
cblr-3021	800	54	24,999	24,999	NUM
cblr-3021	800	55	14,239,749	14,239,749	NUM
cblr-3021	800	56	13.32	13.32	NUM
cblr-3021	800	57	%	%	NOUN
cblr-3021	800	58	$	$	SYM
cblr-3021	800	59	25,000	25,000	NUM
cblr-3021	800	60	to	to	PART
cblr-3021	800	61	$	$	SYM
cblr-3021	800	62	34,999	34,999	NUM
cblr-3021	800	63	13,745,824	13,745,824	NUM
cblr-3021	800	64	12.86	12.86	NUM
cblr-3021	800	65	%	%	NOUN
cblr-3021	800	66	$	$	SYM
cblr-3021	800	67	35,000	35,000	NUM
cblr-3021	800	68	to	to	PART
cblr-3021	800	69	$	$	SYM
cblr-3021	800	70	49,999	49,999	NUM
cblr-3021	800	71	17,386,908	17,386,908	NUM
cblr-3021	800	72	16.26	16.26	NUM
cblr-3021	800	73	%	%	NOUN
cblr-3021	800	74	$	$	SYM
cblr-3021	800	75	50,000	50,000	NUM
cblr-3021	800	76	to	to	PART
cblr-3021	800	77	$	$	SYM
cblr-3021	800	78	74,999	74,999	NUM
cblr-3021	800	79	20,466,421	20,466,421	NUM
cblr-3021	800	80	19.14	19.14	NUM
cblr-3021	800	81	%	%	NOUN
cblr-3021	800	82	$	$	SYM
cblr-3021	800	83	75,000	75,000	NUM
cblr-3021	800	84	to	to	PART
cblr-3021	800	85	$	$	SYM
cblr-3021	800	86	99,999	99,999	NUM
cblr-3021	800	87	10,728,322	10,728,322	NUM
cblr-3021	800	88	10.04	10.04	NUM
cblr-3021	800	89	%	%	NOUN
cblr-3021	800	90	$	$	SYM
cblr-3021	800	91	100,000	100,000	NUM
cblr-3021	800	92	to	to	PART
cblr-3021	800	93	$	$	SYM
cblr-3021	800	94	149,999	149,999	NUM
cblr-3021	800	95	8,315,735	8,315,735	NUM
cblr-3021	800	96	7.78	7.78	NUM
cblr-3021	800	97	%	%	NOUN
cblr-3021	800	98	$	$	SYM
cblr-3021	800	99	150,000	150,000	NUM
cblr-3021	800	100	to	to	PART
cblr-3021	800	101	$	$	SYM
cblr-3021	800	102	199,999	199,999	NUM
cblr-3021	800	103	2,397,037	2,397,037	NUM
cblr-3021	800	104	2.24	2.24	NUM
cblr-3021	800	105	%	%	NOUN
cblr-3021	800	106	$	$	SYM
cblr-3021	800	107	200,000	200,000	NUM
cblr-3021	800	108	or	or	CCONJ
cblr-3021	800	109	more	more	ADJ
cblr-3021	800	110	2,297,314	2,297,314	NUM
cblr-3021	800	111	~	~	PUNCT
cblr-3021	800	112	2.15	2.15	NUM
cblr-3021	800	113	%	%	NOUN
cblr-3021	800	114	total	total	ADJ
cblr-3021	800	115	households	household	NOUN
cblr-3021	800	116	106,905,819	106,905,819	NUM
cblr-3021	800	117	100.00	100.00	NUM
cblr-3021	800	118	%	%	NOUN
cblr-3021	800	119	median	median	ADJ
cblr-3021	800	120	household	household	NOUN
cblr-3021	800	121	income	income	NOUN
cblr-3021	800	122	$	$	SYM
cblr-3021	800	123	41,433	41,433	NUM
cblr-3021	800	124	mean	mean	NOUN
cblr-3021	800	125	household	household	NOUN
cblr-3021	800	126	income	income	NOUN
cblr-3021	800	127	$	$	SYM
cblr-3021	800	128	55,378	55,378	NUM
cblr-3021	800	129	non	non	ADJ
cblr-3021	800	130	-	-	ADJ
cblr-3021	800	131	accredited	accredited	ADJ
cblr-3021	800	132	investor	investor	NOUN
cblr-3021	800	133	households	household	NOUN
cblr-3021	800	134	*	*	PUNCT
cblr-3021	800	135	104,608,505	104,608,505	NUM
cblr-3021	800	136	97.85	97.85	NUM
cblr-3021	800	137	%	%	NOUN
cblr-3021	800	138	vs.	vs.	ADP
cblr-3021	800	139	accredited	accredit	VERB
cblr-3021	800	140	investor	investor	NOUN
cblr-3021	800	141	households	household	NOUN
cblr-3021	800	142	*	*	NOUN
cblr-3021	800	143	2,297,314	2,297,314	NUM
cblr-3021	800	144	2.15	2.15	NUM
cblr-3021	800	145	%	%	NOUN
cblr-3021	800	146	*	*	PUNCT
cblr-3021	800	147	by	by	ADP
cblr-3021	800	148	income	income	NOUN
cblr-3021	800	149	criteria	criterion	NOUN
cblr-3021	800	150	of	of	ADP
cblr-3021	800	151	the	the	DET
cblr-3021	800	152	securities	security	NOUN
cblr-3021	800	153	act	act	NOUN
cblr-3021	800	154	of	of	ADP
cblr-3021	800	155	1933	1933	NUM
cblr-3021	800	156	:	:	PUNCT
cblr-3021	800	157	natural	natural	ADJ
cblr-3021	800	158	persons	person	NOUN
cblr-3021	800	159	with	with	ADP
cblr-3021	800	160	income	income	NOUN
cblr-3021	800	161	over	over	ADP
cblr-3021	800	162	$	$	SYM
cblr-3021	800	163	200,000	200,000	NUM
cblr-3021	800	164	/	/	SYM
cblr-3021	800	165	year	year	NOUN
cblr-3021	800	166	(	(	PUNCT
cblr-3021	800	167	note	note	VERB
cblr-3021	800	168	:	:	PUNCT
cblr-3021	800	169	if	if	SCONJ
cblr-3021	800	170	married	married	ADJ
cblr-3021	800	171	and	and	CCONJ
cblr-3021	800	172	joint	joint	ADJ
cblr-3021	800	173	filing	filing	NOUN
cblr-3021	800	174	income	income	NOUN
cblr-3021	800	175	criteria	criterion	NOUN
cblr-3021	800	176	of	of	ADP
cblr-3021	800	177	over	over	ADP
cblr-3021	800	178	$	$	SYM
cblr-3021	800	179	300,000	300,000	NUM
cblr-3021	800	180	/	/	SYM
cblr-3021	800	181	year	year	NOUN
cblr-3021	800	182	were	be	AUX
cblr-3021	800	183	applied	apply	VERB
cblr-3021	800	184	,	,	PUNCT
cblr-3021	800	185	it	it	PRON
cblr-3021	800	186	would	would	AUX
cblr-3021	800	187	reduce	reduce	VERB
cblr-3021	800	188	the	the	DET
cblr-3021	800	189	number	number	NOUN
cblr-3021	800	190	of	of	ADP
cblr-3021	800	191	accredited	accredited	ADJ
cblr-3021	800	192	investor	investor	NOUN
cblr-3021	800	193	households	household	NOUN
cblr-3021	800	194	to	to	ADP
cblr-3021	800	195	an	an	DET
cblr-3021	800	196	even	even	ADV
cblr-3021	800	197	smaller	small	ADJ
cblr-3021	800	198	number	number	NOUN
cblr-3021	800	199	)	)	PUNCT
cblr-3021	800	200	source	source	NOUN
cblr-3021	800	201	:	:	PUNCT
cblr-3021	800	202	u.s	u.s	PROPN
cblr-3021	800	203	.	.	PROPN
cblr-3021	800	204	census	census	PROPN
cblr-3021	800	205	bureau	bureau	PROPN
cblr-3021	800	206	,	,	PUNCT
cblr-3021	800	207	2000	2000	NUM
cblr-3021	800	208	data	datum	NOUN
cblr-3021	801	1	[	[	X
cblr-3021	801	2	vol	vol	NOUN
cblr-3021	801	3	.	.	PUNCT
cblr-3021	801	4	2004	2004	NUM
cblr-3021	801	5	venture	venture	NOUN
cblr-3021	801	6	capital	capital	NOUN
cblr-3021	801	7	formation	formation	NOUN
cblr-3021	801	8	and	and	CCONJ
cblr-3021	801	9	access	access	NOUN
cblr-3021	801	10	odtx	odtx	NOUN
cblr-3021	801	11	0	0	NUM
cblr-3021	801	12	'	'	SYM
cblr-3021	801	13	*	*	PUNCT
cblr-3021	801	14	lz	lz	ADP
cblr-3021	801	15	0:-s	0:-s	NUM
cblr-3021	801	16	.5w	.5w	PROPN
cblr-3021	802	1	t	t	PROPN
cblr-3021	802	2	'	'	NUM
cblr-3021	802	3	0	0	NUM
cblr-3021	802	4	-4	-4	PUNCT
cblr-3021	803	1	r4	r4	PROPN
cblr-3021	803	2	0	0	PUNCT
cblr-3021	804	1	cai	cai	PROPN
cblr-3021	804	2	-0	-0	PROPN
cblr-3021	804	3	ca	can	AUX
cblr-3021	804	4	o	o	PROPN
cblr-3021	804	5	t	t	PROPN
cblr-3021	804	6	020	020	NUM
cblr-3021	804	7	000	000	NUM
cblr-3021	804	8	t0coo	t0coo	NUM
cblr-3021	805	1	no	no	NOUN
cblr-3021	805	2	.	.	PUNCT
cblr-3021	806	1	1:77	1:77	NUM
cblr-3021	806	2	]	]	X
cblr-3021	806	3	columbia	columbia	PROPN
cblr-3021	806	4	business	business	PROPN
cblr-3021	806	5	law	law	PROPN
cblr-3021	806	6	review	review	VERB
cblr-3021	806	7	z	z	PROPN
cblr-3021	806	8	0	0	NUM
cblr-3021	806	9	00	00	NUM
cblr-3021	806	10	cadr	cadr	PROPN
cblr-3021	806	11	-	-	PUNCT
cblr-3021	806	12	.	.	PROPN
cblr-3021	807	1	1	1	NUM
cblr-3021	807	2	00	00	NUM
cblr-3021	807	3	0	0	NUM
cblr-3021	807	4	0	0	NUM
cblr-3021	807	5	2	2	NUM
cblr-3021	807	6	co	co	NOUN
cblr-3021	807	7	c-1	c-1	PROPN
cblr-3021	807	8	ndz	ndz	PROPN
cblr-3021	807	9	-a	-a	PROPN
cblr-3021	807	10	0	0	PROPN
cblr-3021	807	11	to	to	ADP
cblr-3021	807	12	pt	pt	X
cblr-3021	807	13	cd	cd	PROPN
cblr-3021	807	14	~	~	PUNCT
cblr-3021	807	15	~	~	PUNCT
cblr-3021	807	16	c	c	X
cblr-3021	807	17	-2	-2	INTJ
cblr-3021	807	18	t3	t3	PROPN
cblr-3021	807	19	02c2	02c2	NUM
cblr-3021	807	20	00	00	PUNCT
cblr-3021	807	21	cd	cd	PROPN
cblr-3021	807	22	cd	cd	PROPN
cblr-3021	807	23	c	c	NOUN
cblr-3021	807	24	~~~~d	~~~~d	NUM
cblr-3021	807	25	~	~	SYM
cblr-3021	807	26	n	n	PRON
cblr-3021	807	27	w2~	w2~	ADJ
cblr-3021	807	28	c	c	NOUN
cblr-3021	807	29	2	2	NUM
cblr-3021	807	30	0	0	NUM
cblr-3021	807	31	d	d	NOUN
cblr-3021	807	32	~	~	PUNCT
cblr-3021	807	33	c	c	X
cblr-3021	807	34	01"d	01"d	PUNCT
cblr-3021	807	35	0	0	NUM
cblr-3021	808	1	al	al	PROPN
cblr-3021	808	2	bd	bd	PROPN
cblr-3021	808	3	cwd	cwd	INTJ
cblr-3021	808	4	c	c	NOUN
cblr-3021	808	5	~	~	PUNCT
cblr-3021	808	6	4	4	NUM
cblr-3021	809	1	to0	to0	NOUN
cblr-3021	809	2	o	o	X
cblr-3021	810	1	od	od	INTJ
cblr-3021	810	2	-4	-4	INTJ
cblr-3021	810	3	00	00	NUM
cblr-3021	811	1	m	m	NUM
cblr-3021	811	2	~	~	PUNCT
cblr-3021	811	3	w	w	ADP
cblr-3021	811	4	4	4	NUM
cblr-3021	811	5	cn	cn	PROPN
cblr-3021	811	6	-(0	-(0	PROPN
cblr-3021	812	1	c	c	NOUN
cblr-3021	813	1	o	o	INTJ
cblr-3021	813	2	-4	-4	INTJ
cblr-3021	813	3	cd	cd	PROPN
cblr-3021	813	4	002	002	NUM
cblr-3021	813	5	0	0	NUM
cblr-3021	813	6	4	4	NUM
cblr-3021	813	7	cd	cd	NOUN
cblr-3021	813	8	~	~	PUNCT
cblr-3021	813	9	~	~	PUNCT
cblr-3021	813	10	~	~	PUNCT
cblr-3021	813	11	cd	cd	PROPN
cblr-3021	813	12	cd	cd	PROPN
cblr-3021	813	13	00	00	PUNCT
cblr-3021	814	1	i	i	PROPN
cblr-3021	814	2	-	-	PUNCT
cblr-3021	814	3	o	o	X
cblr-3021	814	4	wd	wd	PROPN
cblr-3021	814	5	02	02	NUM
cblr-3021	814	6	-i	-i	NUM
cblr-3021	814	7	0	0	NUM
cblr-3021	814	8	1	1	NUM
cblr-3021	814	9	9	9	NUM
cblr-3021	814	10	p	p	NOUN
cblr-3021	814	11	p	p	X
cblr-3021	814	12	p	p	X
cblr-3021	814	13	pp	pp	ADP
cblr-3021	814	14	p	p	PROPN
cblr-3021	814	15	p	p	X
cblr-3021	814	16	p	p	PROPN
cblr-3021	814	17	cd	cd	PROPN
cblr-3021	814	18	cd02	cd02	PROPN
cblr-3021	814	19	cd	cd	PROPN
cblr-3021	814	20	0	0	NUM
cblr-3021	815	1	-4	-4	PUNCT
cblr-3021	816	1	~	~	PUNCT
cblr-3021	816	2	01	01	NUM
cblr-3021	816	3	02	02	NUM
cblr-3021	816	4	0	0	NUM
cblr-3021	816	5	cd	cd	PROPN
cblr-3021	816	6	2	2	NUM
cblr-3021	816	7	~3	~3	NUM
cblr-3021	816	8	02	02	NUM
cblr-3021	816	9	c	c	PROPN
cblr-3021	817	1	[	[	X
cblr-3021	817	2	vol	vol	NOUN
cblr-3021	817	3	.	.	PUNCT
cblr-3021	818	1	2004	2004	NUM
cblr-3021	819	1	i	i	PRON
cblr-3021	819	2	c	c	NOUN
cblr-3021	819	3	c	c	NOUN
cblr-3021	819	4	ino	ino	NOUN
cblr-3021	819	5	.	.	PUNCT
cblr-3021	820	1	1:77	1:77	NUM
cblr-3021	820	2	]	]	X
cblr-3021	820	3	venture	venture	NOUN
cblr-3021	820	4	capital	capital	NOUN
cblr-3021	820	5	formation	formation	NOUN
cblr-3021	820	6	and	and	CCONJ
cblr-3021	820	7	access	access	NOUN
cblr-3021	820	8	table	table	NOUN
cblr-3021	820	9	6	6	NUM
cblr-3021	820	10	asserted	assert	VERB
cblr-3021	820	11	effects	effect	NOUN
cblr-3021	820	12	of	of	ADP
cblr-3021	820	13	nasd	nasd	NOUN
cblr-3021	820	14	reforms	reform	NOUN
cblr-3021	820	15	1	1	NUM
cblr-3021	820	16	.	.	PUNCT
cblr-3021	821	1	as	as	SCONJ
cblr-3021	821	2	spreads	spread	NOUN
cblr-3021	821	3	shrink	shrink	NOUN
cblr-3021	821	4	,	,	PUNCT
cblr-3021	821	5	the	the	DET
cblr-3021	821	6	profits	profit	NOUN
cblr-3021	821	7	of	of	ADP
cblr-3021	821	8	market	market	NOUN
cblr-3021	821	9	makers	maker	NOUN
cblr-3021	821	10	are	be	AUX
cblr-3021	821	11	reduced	reduce	VERB
cblr-3021	821	12	.	.	PUNCT
cblr-3021	822	1	spreadprc	spreadprc	NOUN
cblr-3021	822	2	buyer	buyer	NOUN
cblr-3021	822	3	$	$	SYM
cblr-3021	822	4	profits	profit	VERB
cblr-3021	822	5	market	market	NOUN
cblr-3021	822	6	~~j	~~j	NOUN
cblr-3021	822	7	~	~	NOUN
cblr-3021	822	8	rea~	rea~	NOUN
cblr-3021	822	9	makers	maker	NOUN
cblr-3021	822	10	$	$	SYM
cblr-3021	822	11	profits$	profits$	NUM
cblr-3021	822	12	2	2	NUM
cblr-3021	822	13	.	.	PUNCT
cblr-3021	823	1	as	as	SCONJ
cblr-3021	823	2	profits	profit	NOUN
cblr-3021	823	3	diminish	diminish	VERB
cblr-3021	823	4	,	,	PUNCT
cblr-3021	823	5	fewer	few	ADJ
cblr-3021	823	6	market	market	NOUN
cblr-3021	823	7	makers	maker	NOUN
cblr-3021	823	8	trade	trade	NOUN
cblr-3021	823	9	shares	share	NOUN
cblr-3021	823	10	.	.	PUNCT
cblr-3021	824	1	eiiiizz~	eiiiizz~	PROPN
cblr-3021	824	2	3	3	NUM
cblr-3021	824	3	.	.	PUNCT
cblr-3021	825	1	as	as	ADP
cblr-3021	825	2	less	less	ADJ
cblr-3021	825	3	market	market	NOUN
cblr-3021	825	4	makers	maker	NOUN
cblr-3021	825	5	trade	trade	NOUN
cblr-3021	825	6	shares	share	NOUN
cblr-3021	825	7	,	,	PUNCT
cblr-3021	825	8	liquidity	liquidity	NOUN
cblr-3021	825	9	decreases	decrease	VERB
cblr-3021	825	10	.	.	PUNCT
cblr-3021	826	1	trading	trading	NOUN
cblr-3021	826	2	volume	volume	NOUN
cblr-3021	826	3	zz~	zz~	PROPN
cblr-3021	826	4	4	4	NUM
cblr-3021	826	5	.	.	PUNCT
cblr-3021	827	1	as	as	SCONJ
cblr-3021	827	2	liquidity	liquidity	NOUN
cblr-3021	827	3	decreases	decrease	VERB
cblr-3021	827	4	,	,	PUNCT
cblr-3021	827	5	the	the	DET
cblr-3021	827	6	access	access	NOUN
cblr-3021	827	7	of	of	ADP
cblr-3021	827	8	small	small	ADJ
cblr-3021	827	9	companies	company	NOUN
cblr-3021	827	10	,	,	PUNCT
cblr-3021	827	11	and	and	CCONJ
cblr-3021	827	12	venture	venture	NOUN
cblr-3021	827	13	capitalists	capitalist	NOUN
cblr-3021	827	14	invested	invest	VERB
cblr-3021	827	15	in	in	ADP
cblr-3021	827	16	them	they	PRON
cblr-3021	827	17	,	,	PUNCT
cblr-3021	827	18	to	to	ADP
cblr-3021	827	19	the	the	DET
cblr-3021	827	20	markets	market	NOUN
cblr-3021	827	21	declines	decline	VERB
cblr-3021	827	22	.	.	PUNCT
cblr-3021	828	1	market	market	NOUN
cblr-3021	828	2	size	size	NOUN
cblr-3021	828	3	ezz~	ezz~	NOUN
cblr-3021	828	4	market	market	NOUN
cblr-3021	828	5	size	size	NOUN
cblr-3021	828	6	)	)	PUNCT
cblr-3021	828	7	seller	seller	NOUN
cblr-3021	828	8	no	no	NOUN
cblr-3021	828	9	.	.	PUNCT
cblr-3021	828	10	1:771	1:771	NUM
cblr-3021	828	11	venture	venture	NOUN
cblr-3021	828	12	capital	capital	NOUN
cblr-3021	828	13	formation	formation	NOUN
cblr-3021	828	14	and	and	CCONJ
cblr-3021	828	15	access	access	NOUN
cblr-3021	828	16	s	s	PART
cblr-3021	828	17	ma4rketi	ma4rketi	NOUN
cblr-3021	828	18	makers	maker	NOUN
cblr-3021	828	19	s	s	PART
cblr-3021	828	20	trading	trading	NOUN
cblr-3021	828	21	i	i	PRON
cblr-3021	828	22	volume	volume	VERB