Entrepreneurial finance and the New Economy

Charles W. Wessner

Venture Capital, 2002, vol. 4, issue 4, 349-355

Abstract: It is widely believed that a substantial change has occurred in the structure of the US economy as a result of investments in IT which have resulted in a secular increase in productivity. Public policy has a key role in sustaining this 'new economy'. Both the venture capital and angel markets have limitations in financing the innovation system. Public programmes can play a role in the development of potential platform technologies that private investors do not fund because of their high risk.

Date: 2002
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DOI: 10.1080/1369106022000024987

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