VC : an American history / Tom Nicholas.

Format:

Book

Author/Creator:

Nicholas, Tom (Associate professor), author.

Contributor:

Class of 1924 Book Fund.

Language:

English

Subjects (All):

Entrepreneurship.

History.

Venture capital.

United States.

Venture capital--United States--History.

Entrepreneurship--United States--History.

Genre:

History.

Physical Description:

vi, 382 pages : illustrations ; 25 cm

Place of Publication:

Cambridge, Massachusetts : Harvard University Press, 2019.

Summary:

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 low-probability but substantial financial rewards. Appreciating the history of venture capital, Tom Nicholas shows, is essential to understanding the industry's future directions and possibilities, its challenges and prospects for surmounting them, and its place in America's exceptional style of capitalism.-- Provided by publisher.

Contents:

Introduction: The significance of history

Whaling ventures

The early development of risk capital

The rise of private capital entities

The market versus the government

The limited partnership structure

Silicon Valley and the emergence of investment styles

High-tech, an evolving ecosystem, and diversity during the 1980s

The big bubble

Epilogue: From the past to the present and the future.

Notes:

Includes bibliographical references and index.

Local Notes:

Acquired for the Penn Libraries with assistance from the Class of 1924 Book Fund.

ISBN:

9780674988002

0674988000

OCLC:

1057239674