VC
Book description
A major exploration of venture financing, from its origins in the whaling industry to Silicon Valley, that shows how venture capital created an epicenter for the development of high-tech innovation.
VC tells the riveting story of how the industry arose from the United States' long-running orientation toward entrepreneurship. Venture capital…
Why read it?
1 author picked VC as one of their favorite books. Why do they recommend it?
I value this book as a comprehensive history of high-risk investing in America, from the Whaling Industry to Silicon Valley.
Nicholas reveals the extraordinary skew and persistence in investment returns: a small number of investors are responsible for a disproportionate amount of the gains, and this holds true across widely varying institutional structures and technological domains.
And he explores the intimate relationship between the rise of the IT and Biotech industries and support from the U.S, Government.
From William's list on venture capital and the economics of innovation.
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