The money of invention

The Money of Invention will be an important book to all managers who wish to capture value from innovation. The authors offer actionable advice for managers of venture organizations, for entrepreneurs, and all managers who seek returns from innovation in an environment that disdains hype and rewards careful, original thought and dogged execution. Gompers and Lerner place the overheated atmosphere of recent months in context, exploring the dynamics of the new economy within a longer, more compelling narrative of entrepreneurs and money.

In explaining why venture capital is the solution to the problem of financing entrepreneurial firms, the authors elucidate the structure and functioning of the venture industry. Readers will understand precisely how venture capital drives innovation, economic growth, and job creation. Projecting forward in the final chapter, the authors describe monumental changes for both the industry and its key players and offer strategies for succeeding in the ongoing venture capital revolution.

Author Biography: Paul A. Gompers is a Professor of Business Administration and Director of Research at Harvard Business School. Josh Lerner is a Professor of Business Administration at Harvard Business School.

Contents

• Part I The entrepreneur's challenge
• Part II The venture capitalist's challenge
• Part III The emulator's challenge
• Glossary
• Notes
• Index