Not every business leader is wary about President Joe Biden’s proposed tax hikes. Alan Patricof, a veteran venture capitalist, says the VC world can stomach higher levies—which puts him a odds with a good number of his peers.

“I believe that the amount of money that will be put into startups will be just as strong as it is now,” said Patricof, who helped seed Apple and many other now-powerful Silicon Valley companies back when they were getting started. “Entrepreneurs are not going to stop and say, ‘Gee whiz, the capital gains rate is going up. I better not start my company.’” READ MORE