VC : An American History, Hardback Book

VC : An American History Hardback

Hardback

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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 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.

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