Effort to Save VC Tax Break Has Become Familiar, Nerve-racking Ritual
Venture capital firms will be taking their fight to save the carried interest tax exemption to the US Capitol in Washington, DC.
Photographer: Daniel Heuer/BloombergWelcome to Tech In Depth, our revamped daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Sarah McBride writes about the effort by venture capital firms to prepare for another fight over the carried interest tax exemption.
Military tech contract: Anduril is taking over Microsoft’s troubled effort to manufacture smart goggles for the Army, a project potentially valued at more than $20 billion. The defense tech startup will be in charge of production and development of the device, intended to give soldiers everything from night-vision capability to warnings of incoming airborne threats.