Examines the role of venture capital in the creation of new businesses. The book provides information on the size of the industry and how risk-taking and the time perspectives of its practitioners are changing, and shows how venture capital is more than a question of lending money.
Dense read. Definitely not a book you can "skip" through. However, after having read many books on VC, I can easily say this is the best historical overview (up to 1991) of the US VC industry I know. A must-read if you're serious about understanding the VC industry, its past mistakes, and where it's going.
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