Boulevard of broken dreams : why public efforts to boost entrepreneurship and venture capital have failed and what to do about it / Josh Lerner.

Format:

Book

Author/Creator:

Lerner, Joshua.

Series:

Kauffman Foundation series on innovation and entrepreneurship.

The Kauffman Foundation series on innovation and entrepreneurship

Language:

English

Subjects (All):

Entrepreneurship--Government policy.

Entrepreneurship.

Venture capital--Government policy.

Venture capital.

Industrial policy.

Physical Description:

1 online resource (240 p.)

Edition:

Course Book

Place of Publication:

Princeton : Princeton University Press, c2009.

Language Note:

English

Summary:

Silicon Valley, Singapore, Tel Aviv--the global hubs of entrepreneurial activity--all bear the marks of government investment. Yet, for every public intervention that spurs entrepreneurial activity, there are many failed efforts that waste untold billions in taxpayer dollars. When has governmental sponsorship succeeded in boosting growth, and when has it fallen terribly short? Should the government be involved in such undertakings at all? Boulevard of Broken Dreams is the first extensive look at the ways governments have supported entrepreneurs and venture capitalists across decades and continents. Josh Lerner, one of the foremost experts in the field, provides valuable insights into why some public initiatives work while others are hobbled by pitfalls, and he offers suggestions for how public ventures should be implemented in the future. Discussing the complex history of Silicon Valley and other pioneering centers of venture capital, Lerner uncovers the extent of government influence in prompting growth. He examines the public strategies used to advance new ventures, points to the challenges of these endeavors, and reveals the common flaws undermining far too many programs--poor design, a lack of understanding for the entrepreneurial process, and implementation problems. Lerner explains why governments cannot dictate how venture markets evolve, and why they must balance their positions as catalysts with an awareness of their limited ability to stimulate the entrepreneurial sector. As governments worldwide seek to spur economic growth in ever more aggressive ways, Boulevard of Broken Dreams offers an important caution. The book argues for a careful approach to government support of entrepreneurial activities, so that the mistakes of earlier efforts are not repeated.

Contents:

Frontmatter

Contents

Preface and Acknowledgments

Chapter 1. Introduction

Part I. Can Bureaucrats Help Entrepreneurs?

Chapter 2. A Look Backwards

Chapter 3. Why Should Policymakers Care?

Chapter 4. Things Get More Complicated

Part II. Threading the Needle

Chapter 5. The Neglected Art of Setting the Table

Chapter 6. How Governments Go Wrong: Bad Designs

Chapter 7. How Governments Go Wrong: Bad Implementation

Chapter 8. The Special Challenges of Sovereign Funds

Chapter 9. Lessons And Pitfalls

Notes

Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on publisher supplied metadata and other sources.

ISBN:

9786612935862

9786612473180

9781282935860

1282935860

9781400831630

1400831636

9781282473188

1282473182

9780691142197

069114219X

OCLC:

640419407