The Venture Capital State

It is an important contribution to scholarship on entrepreneurship and venture policy along the lines of Josh Lerner's seminal Boulevard of broken dream. * international affairs * Klingler-Vidra draws knowledgeably and substantially on an extensive and broadly eclectic body of literature spanning multiple disciplines and theoretical approaches. She uses this material effectively to provide a synthetic and heuristic explanation for the absence of neoliberal convergence and presence of locally diverse and interventionist policies in the diffusion of the Silicon Valley venture capital model. -- Karl Fields, Professor, Department of Politics and Government, University of Puget Sound Klingler-Vidra gives an empirically rich account of three country cases detailing how their venture capital policies have varied over time and continue to differ from one another. This book has the potential to make a valuable contribution to the political economy literature. -- Linda Weiss, Professor Emeritus, Department of Government and International Relations, University of Sydney, and author of <I>America, Inc.?</I> Klingler-Vidra's analytical themes march relentlessly throughout the book.... The author certainly demonstrates the seductive appeal of venture capital funding in varied global settings. * Choice * This informative book examines in detail three such attempts-in Hong Kong, Singapore, and Taiwan-and draws on the experiences of related ventures in several other places, including Israel and Japan.... She [Klingler-Vidra] does show that the venture capitalists supported by governments tend to invest in older, already profitable firms rather than true start-ups. * Foreign Affairs * The book offers a timely and important analysis for political economists researching the intersection of state and market.... The venture capital state offers valuable analytical tools for scholars working on explaining patterns of limited international convergence. It brings the growing world of venture capital square into political economy scholarship. * International Affairs *