VC tells the riveting story of how the venture capital industry arose from the United States' long-running orientation toward entrepreneurship. From nineteenth-century whaling to the multitude of firms pursuing entrepreneurial finance today, venture capital has been driven by the pull of...

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...