Chapman Goes After Karen Mills, VC Industry
You have to say this about Lloyd Chapman: He doesn’t sit on his hands. The president of the 100,000 member American Small Business League has been sending out a flurry of releases that condemn President Obama’s selection of venture capitalist Karen Mills as the new head of the Small Business Administration. (She’s still awaiting her Senate confirmation hearing.) “On day one she needs to start solving the SBA’s number one problem, which is the diversion of federal small business contracts to corporate giants,” Chapman told the Long Island Business News a couple of days ago. “We’re concerned Mills, a venture capitalist, will support policies that will divert even more small business contracts to companies owned by venture capitalists.” It’s a new approach for Chapman, who until lately, has railed instead against the government’s Small Business Innovation Research program, which is up for retooling in March, when authorization
