In addition to generating financial returns for the investors, VC investments contribute significantly to the economic growth as well as creation of new industries. In fact many industries such as Information technology, biotech, medical devices, clean tech etc have been created through VC investments. This post makes an attempt highlight the contribution of VC investments to the economic growth. As US VC industry is the oldest and most successful, the data outlined in this article is from the US. As the VC industry build scale outside US, one could expect similar trends.
Here are some interesting facts about the contribution of VC investments to the US economy (Source of the data: Venture Impact, 5th edition, NVCA/IHS Global insight study)
Beyond Fund Returns: Contribution of Venture Investments to Economic Growth