'Bill Janeway, a key creator of modern venture capital, tells the amazing story of the intersection of economics and innovation. This book is essential to anyone who wants to understand technology and how its creation will be financed for decades to come.' Marc Andreessen, co-creator of the Internet browser and co-founder of Netscape and Andreessen Horowitz 'This is a masterful historical and conceptual analysis of the Three Player Game between the state, private entrepreneurial innovation and financial capitalism. The state has a key role in funding scientific research that leads to innovation. Amply funded by financial capitalism, innovation is a source of long term growth. But speculative funding of innovation is also associated with asset and credit bubbles that end up in financial crashes. A Minsky-inspired synthesis of the financial excesses of Schumpeterian creative destruction, this book should be required reading for all.' Nouriel Roubini, New York University and Chairman of Roubini Global Economics 'A revelatory exploration of the complex dynamics underlying the innovation economy and the inherent roles of speculation and waste as experienced by one of the great venture capitalists and political/economic thinkers of our age. This book provides a powerful framework for dealing with the economic challenges we are facing today. It couldn't have come at a better time!' John Seely Brown, Former Chief Scientist, Xerox Corp and Former Director, Palo Alto Research Center (PARC) 'Janeway applies keen insights from his experience as a venture capitalist and creates a vision of the interaction between governments, financiers, and firms that shows what institutions society must develop to foster innovation. I believe that Doing Capitalism [in the Innovation Economy] will help all of us, whether academics, private sector leaders, or government officials, to see beyond shallow political dogma and move to a deeper understanding of challenges of technological advance.' George Soros, Chairman, Soros Fund Management 'An original analysis ... entertaining.' Management Today 'Doing Capitalism is a magnificent chronicle of how technology combined with economics to forge the beast that is today's financial environment ... A bravura literary debut.' Cambridge Business Online 'Janeway, who built the technology investment team of Warburg Pincus, has a powerful message: an innovative economy 'begins with discovery and culminates in speculation'.' Martin Wolf, Financial Times (online), 'Best Books of 2012' '... self-recommending ...' Stian Westlake, National Endowment for Science, Technology and the Arts blog (nesta.org.uk) '... a tour de force with a solid thesis, excellent writing and exposition, and a history that too many have forgotten ... or never knew. Brilliant!' John C. Bogle, founder of Vanguard 'I highly recommend Doing Capitalism in the Innovation Economy by William H. Janeway. The author is a venture capital veteran who provides a fascinating glimpse into a rarified niche of the financial world, especially as to how VC firms funded the first modern technology start-ups of the 1970s and '80s.' Simon Towers, Associate Vice President and Group Manager, Center of Innovation for Tomorrow's Enterprise, Infosys Labs
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