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… Expand
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