• Corpus ID: 141047952

The Origins of High-Tech Venture Investing in America

  title={The Origins of High-Tech Venture Investing in America},
  author={William J. Abernathy},
The United States has developed an unparalleled environment for the provision of high-tech investment finance. Today it is reflected in the strength of agglomeration economies in Silicon Valley, but historically its origins lay in the East Coast. Notably, immediate post-WWII efforts to establish the American Research and Development Corporation created a precedent for “ long-tail” high-tech investing. This approach became institutionalized in the United States over subsequent decades in a way… 

Corporate governance, accounting transparency and stock exchange sizes in Germany, Japan and «Anglo-Saxon» economies, 1870–1950

  • L. Hannah
  • Economics, History
    Zeitschrift für Unternehmensgeschichte
  • 2019
Abstract Modern discussions of corporate governance have focused on convergence of «varieties of capitalism», particularly the recent «Americanisation» of laws and voluntary codes in Germany, Japan,

What do venture capital and private equity firms do? Some current and historical examples

ABSTRACT The venture capital and private equity investment fields are not as well understood as other sectors of the financial industry, especially those focused on publicly traded instruments, such

Convergent and Nature-Like Technologies as the Basis for Sustainable Development in the 21st Century

The global challenge of the 21st century is associated with the need to ensure the sustainable development of modern countries. The basic condition for such development is an adequate amount of

L'évolution institutionnelle du capital risque dans l'environnement du Web 2.0 : une étude comparative et transdisciplinaire

Le sujet developpe dans cette these pose comme objectif de repondre a trois problematique resumables par une correlation entre trois points principaux :(a) la relation entre l'usage des nouveaux

Mezzanine Financing : A Comparison between the Finnish and International Financial Market Regulation

The purpose of the research is to give understanding what is the company law background concerning the use of mezzanine financing, how mezzanine instruments are handled from accounting and taxation



Venture Capital and Firm Performance Over the Long-Run: Evidence from High-Tech IPOs in the United States

Despite widespread interest in the key role that venture capital plays in financing young, high-tech firms, little is known about the relative performance of venture-backed firms over the long-run.

Mobilizing Venture Capital during the Second Industrial Revolution: Cleveland, Ohio, 1870-1920

During the Second Industrial Revolution of the late nineteenth and early twentieth centuries, Midwestern cities were important centers of innovation. Cleveland, the focus of this study, led in the

Venture Capital and the Professionalization of Start-Up Firms: Empirical Evidence

This paper examines the impact venture capital can have on the development of new firms. Using a hand-collected data set on Silicon Valley start-ups, we find that venture capital is related to a

Organizing Venture Capital: The Rise and Demise of American Research & Development Corporation, 1946-1973

While venture capital (VC) has become an important element of the twentiethcentury US innovation system, few studies have systematically examined the origins and evolution of this financial

MIT and the Rise of Entrepreneurial Science

Introduction: MIT and the Rise of the Entrepreneurial University 1. The Second Academic Revolution 2. MIT: the Founding of an Entrepreneurial University 3. Controversy Over Consultation 4. The

Growth Capital‐Backed IPOs

Growth capital investing is the financing of growing businesses that are investing in tangible assets and the acquisition of other companies. Growth capital is common in retailing, restaurant chains,

Endogenous Technological Change

  • P. Romer
  • Economics
    Journal of Political Economy
  • 1990
Growth in this model is driven by technological change that arises from intentional investment decisions made by profit-maximizing agents. The distinguishing feature of the technology as an input is

Enterprising Elite: The Boston Associates and the World They Made

More than any other single group of individuals, the Boston Associates were responsible for the sweeping economic transformation that occurred in New England between 1815 and 1861. Through the use of