VC: An American History (Hardcover) (ISBN-13: 9780674988002)

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 has been driven from the start by the pull of outsized returns through a skewed distribution of payoffs--a faith in low-probability but substantial financial rewards that rarely materialize. Whether the gamble is a whaling voyage setting sail from New Bedford or the newest startup in Silicon Valley, VC is not just a model of finance that has proven difficult to replicate in other countries. It is a state of mind exemplified by an appetite for risk-taking, a bold spirit of adventure, and an unbridled quest for improbable wealth through investment in innovation.

Tom Nicholas's history of the venture capital industry offers readers a ride on the roller coaster of setbacks and success in America's pursuit of financial gain.

Author: Tom Nicholas
ISBN-10: 0674988000
ISBN-13: 9780674988002
Publisher: Harvard University Press
Language: English
Published: 07/09/2019
Pages: 400
Format: Hardcover
Weight: 1.60lbs
Size: 9.20h x 6.10w x 1.30d

Review Citation(s):
Choice 11/01/2019