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VC: An American History,Used
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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 hightech innovation.VC tells the riveting story of how the industry arose from the United States longrunning orientation toward entrepreneurship. Venture capital has been driven from the start by the pull of outsized returns through a skewed distribution of payoffsa faith in lowprobability 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 risktaking, a bold spirit of adventure, and an unbridled quest for improbable wealth through investment in innovation.Tom Nicholass history of the venture capital industry offers readers a ride on the roller coaster of setbacks and success in Americas pursuit of financial gain.
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