One of the reasons that we have to depend on foreign capital for things like venture capital is that, when you have a really good invention, like Microsoft Word, and then find that it gets pirated in other countries, you don't have the follow-on investment capital.
Foster discusses the impact of intellectual property violations on venture capital availability.
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I think the single-most useful thing that we in Congress could do is to establish a federally-recognized standard for presenting illegally-traceable identity.
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