Market for Innovation in the United States and Japan: Venture Capital and the Comparative Corporate Governance Debate
CJ Milhaupt - Nw. UL Rev., 1996 - HeinOnline
Venture capital is not new. From the financing of a private firedepartment-cum-speculative-
property-enterprise in Julius Caesar's Rome, 1 to Ferdinand and Isabella's infusion of cash
to support a risky real estate venture, risk capital has played a key role in the transformation
of commercial and social life throughout history. More recently, policymakers and
economists have recognized the contribution of entrepreneurs and small firms to
technological innovation and economic development 2 The importance of venture capital in …
property-enterprise in Julius Caesar's Rome, 1 to Ferdinand and Isabella's infusion of cash
to support a risky real estate venture, risk capital has played a key role in the transformation
of commercial and social life throughout history. More recently, policymakers and
economists have recognized the contribution of entrepreneurs and small firms to
technological innovation and economic development 2 The importance of venture capital in …
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