Why am I passionate about this?
After receiving my doctorate in Economics at Cambridge University, I embarked on a 35-year sabbatical as a venture capitalist focused on information technology. I learned about the critical role that the American state had played by sponsoring the computer industry. When the "Dotcom Bubble" of the late 1990s grossly overpriced my companies, because I had written my PhD thesis on 1929-1931 when the Bubble of the Roaring Twenties exploded, I had seen the movie before and knew how it ended. I returned to Cambridge determined to tell this saga of innovation at the frontier and the strategic roles played by financial speculation and the state in funding economic transformation."
William's book list on venture capital and the economics of innovation
Why did William love this book?
I deeply appreciate the way that Lécuyer undermines the myth that a few genius entrepreneurs and venture capitalists invented Silicon Valley from nothing.
He documents the pre-history of Silicon Valley, showing how the “ham radio” operators of the early 20th Century found support from the U.S. Navy to build a micro-electronics industry in the San Francisco Bay Area before World War II. A skilled technical workforce was available when, partly by chance and partly through the initiative of Stanford’s Dean of Engineering, Frederick Terman (himself a radio engineer), the semiconductor industry found its home.
1 author picked Making Silicon Valley as one of their favorite books, and they share why you should read it.
In Making Silicon Valley, Christophe Lécuyer shows that the explosive growth of the personal computer industry in Silicon Valley was the culmination of decades of growth and innovation in the San Francisco-area electronics industry. Using the tools of science and technology studies, he explores the formation of Silicon Valley as an industrial district, from its beginnings as the home of a few radio enterprises that operated in the shadow of RCA and other East Coast firms through its establishment as a center of the electronics industry and a leading producer of power grid tubes, microwave tubes, and semiconductors. He traces…