Roots -- The student -- Coming to America -- The professor -- Slouching through the depression -- The inflection point -- Founding fathers -- The birth of venture capital -- A star is born -- The first home run -- The takeover -- Venture capital comes of age

This book offers a new explanation why venture capital in investments differ substantially between countries. Recent literature has attributed these differences to differences in the financial architecture and tax regulations. By contrast, this book shows by using simulations of a general...

The existing literature in both public economics and financial economics often fails to consider how appropriate and effective public policy may be in promoting the venture capital industry. Public economics has dealt extensively with the effect of taxes and subsidies but has neglected the...