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VC|Tom Nicholas

VC : An American History

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Overview

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.

Details

  • ISBN-13: 9780674988002
  • ISBN-10: 0674988000
  • Publisher: Harvard University Press
  • Publish Date: July 2019
  • Dimensions: 9.2 x 6.1 x 1.3 inches
  • Shipping Weight: 1.6 pounds
  • Page Count: 400

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