Publications
Publications
- 2019
VC: An American History
By: Tom Nicholas
Abstract
An exploration of venture financing in America, from its origins in the whaling industry to the rise of Silicon Valley, that shows how venture capital (VC) created an epicenter for the development of high-tech innovation. The VC industry arose from the United States’ long-running orientation toward entrepreneurship and a faith in low-probability but substantial financial payoffs. Whether the investment opportunity 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.
Keywords
Citation
Nicholas, Tom. VC: An American History. Cambridge, MA: Harvard University Press, 2019. (Chinese Edition: 风投 看懂巨头的投资倾向 汤姆·尼古拉斯 著 中信出版社, Beijing: CITIC Press, 2020.)