The Money of invention : how venture capital creates new wealth /
Paul A Gompers and Josh Lerner
- Boston : Harvard Business School Press, 2001
- ix, 282p. 23cm.
In this book, the authors provide the first cool-headed explanation of the venture capital industry and the role it plays in our economy. They underscore that, regardless of the economic conditions, innovation is incredibly difficult to finance, take to market, and translate into value. While venture capital has evolved to address these problems - the industry has fueled innovation, economic growth, and wealth creation for decades - features of the venture industry have left it vulnerable to boom-and-bust cycles.In the near future, say the authors, the industry must transform dramatically, with important implications for industry players and the entrepreneurs and organizations they serve.
9781578513260
New business enterprises--United States--Finance. Venture capital--United States