Venture Capital: A Primer

The U.S. economy owes much of its postwar growth to emerging, tech-flavored enterprises, many of which have expanded smartly and contributed significantly to employment, wealth, and innovation - the emblems of our prosperity over the last 50 years. The story of how these small businesses attract the investment, or venture capital, they need first to survive and then to grow draws on a culture that values optimism and risk-taking, farsighted and investment-friendly government policies, and the energy and drive of the individual businessperson.