The Secret History of Silicon Valley 12: The Rise of “Risk Capital.
Steve Blank
OCTOBER 29, 2009
Ampex’s first customer was Bing Crosby who wanted to record his radio programs for rebroadcast (and had exclusive distribution rights.) to spur innovation was a new government agency to fund new companies. government would invest three (up to $300,000.) into believing it was behind the Soviet Union in innovation.
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