SAN FRANCISCO — Silicon Valley lawyers are reassuring anxious venture capitalists that their worst fears have not been realized. Venture capital funds will not have to give government regulators confidential financial data about their assets and investors, like hedge funds and private equity funds will, under new rules proposed by the Securities and Exchange Commission on Nov. 19.
“It’s been emotional for the industry,” said John Dado, a venture capital partner at Cooley in Silicon Valley. “Everybody has been worried and wondering, and now we’re finally there.”
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