The Forgotten Origins of Silicon Valley by William H. Janeway - Project Syndicate

William H. Janeway shows how the venture capital industry has always piggybacked on US government investment.

OnPoint Subscriber Exclusive Global Bookmark offers long-form examinations of global trends and challenges, viewed through the lens of important new books. Subscribe Smith Collection/Gado/Getty Images The Forgotten Origins of Silicon Valley Apr 15, 2022 William H. Janeway Sebastian Mallaby's new book offers a detailed exploration of how US venture capital became the go-to model for commercializing innovations at the technological frontier. But no industry exists in a vacuum, so it is important to consider precisely why this model evolved where and when it did. Sebastian Mallaby, The Power Law:

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