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The Endless Frontier: U.S. Science and National Industrial Policy (part 1)

Steve Blank

Government funding of research started in World War II driven by the needs of the military for weapon systems to defeat Germany and Japan. government has had a robust national science and technology policy, it lacks a national industrial policy; leaving that to private capital. governments approach to science and warfare.

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The Venture Capital Secret: 3 Out of 4 Start-Ups Fail

online.wsj.com

SIGNIFICANCE PROMINENT. --> The Venture Capital Secret: 3 Out of 4 Start-Ups Fail. An entrepreneur with a hot technology and venture-capital funding becomes a billionaire in his 20s. The National Venture Capital Association estimates that 25% to 30% of venture-backed businesses fail. NAME David Cowan.