This election year, Republicans and Democrats will agree on little, including how to get the U.S. economy growing. Higher taxes or smaller government? One path to growth that is widely agreed upon is technological innovation, which has historically been closely associated with the American venture-capital-backed startup company.
A single dollar of venture capital, one study suggests, is as effective at boosting new ideas as three dollars of corporate investment in R&D. If we listened to trade bodies such as the National Venture Capital Association, we might conclude that to get more innovation, all we need is more venture capital.
To read the original article: The Narrowing Ambitions of Venture Capital - Technology Review
