The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of American City Business Journals. Jon Callaghan, co-founder of True Ventures and former chairman of the National Venture Capital Association, says the carried interest tax incentive that VCs enjoy is one of the factors that have helped make his firm and its portfolio companies successful. Callaghan explained why he disagrees with both major party presidential candidates on the need to preserve that tax break and talked about what True is concentrating in an interview after the Palo Alto and...