Venture capital (VC) is the business of financing the new-and making outsized profits. It grew up in Silicon Valley, backing the most influential companies known today, including Apple and Airbnb.
It-s not the iPhone, but VC, that is Silicon Valley-s greatest export-it-s the key ingredient of innovation, and provides the toolkit for inventors and startup founders around the world to become powerful, multi-billion-dollar companies.
Once other countries learned how to finance risky startups, they could unlock their own innovative energies.
And where is VC placing its bets today?
The answer is: everywhere. China. India. Israel. Brazil.
Planet VC uncovers the story of how VC went global, transforming cities from Beijing to Bangalore into the techno-hubs of tomorrow. Authors Terrance Philips and Jame DiBiasio follow the money to understand how VC helped enable the rise of America-s global competitors, and where the world of innovation is headed n
