内容简介
Amajorexplorationofventurefinancing,fromitsoriginsinthewhalingindustrytoSiliconValley,thatshowshowventurecapitalcreatedanepicenterforthedevelopmentofhigh-techinnovation.VCtellstherivetingstoryofhowtheindustryarosefromtheUnitedStates’long-runningorientationtowardentrepreneurship.Venturecapitalhasbeendrivenfromthestartbythepullofoutsizedreturnsthroughaskeweddistributionofpayoffs―afaithinlow-probabilitybutsubstantialfinancialrewardsthatrarelymaterialize.WhetherthegambleisawhalingvoyagesettingsailfromNewBedfordortheneweststartupinSiliconValley,VCisnotjustamodeloffinancethathasprovendifficulttoreplicateinothercountries.Itisastateofmindexemplifiedbyanappetiteforrisk-taking,aboldspiritofadventure,andanunbridledquestforimprobablewealththroughinvestmentininnovation.TomNicholas’shistoryoftheventurecapitalindustryoffersreadersarideontherollercoasterofsetbacksandsuccessinAmerica’spursuitoffinancialgain.