Examines the role of venture capital in the creation of new businesses. The book provides information on the size of the industry and how risk-taking and the time perspectives of its practitioners are changing, and shows how venture capital is more than a question of lending money.
Interesting perspective that, while dated, has a lot of parallels to today’s venture market. Definitely a good proof point that history rhymes and, for those that haven’t seen multiple cycles, a good view of how people thing when venture is struggling.