![Money of Invention: How Venture Capital Creates New Wealth [Hardcover]](http://bestofusedbooks.com/cdn/shop/products/MoneyofInvention_{width}x.jpg?v=1627236437)
![Money of Invention: How Venture Capital Creates New Wealth [Hardcover]](http://bestofusedbooks.com/cdn/shop/products/MoneyofInvention_530x@2x.jpg?v=1627236437)
When the economy was booming and dot-coms were flying high, venture capitalists were admired as impresarios of innovation. Then the market tanked, start-ups fizzled, and those same deal makers were rebuked as predators out for a quick score. So which portrayal is accurate? Where is this much-hyped industry heading? And what will it mean for the future of innovation in the global economy? In this definitive book, industry experts Paul Gompers and Josh Lerner provide the first cool headed explanation of the venture capital industry and the role it plays in our economy. They underscore that, regardless of the economic conditions, innovation is incredibly difficult to finance, take to market, and translate into value. While venture capital has evolved to address these problems, the industry has fueled innovation, economic growth, and wealth creation for decades, features of the venture industry have left it vulnerable to boom-and-bust cycles. In the near future, say the authors, the industry must transform dramatically, with important implications for industry players and the entrepreneurs and organizations they serve.