Can governments spark start-up activity and job creation by getting into the venture capital business? Or do they just waste taxpayer money whenever they try?
Those are the two questions that animate the new book from Harvard Business School prof Josh Lerner, Boulevard of Broken Dreams: Why Public Efforts to Boost Entrepreneurship and Venture Capital Have Failed--and What to Do About It (The Kauffman Foundation Series on Innovation and Entrepreneurship)
Much of Lerner's book focuses on all the things that can go wrong when governments try to pour taxpayer money into the gas tank of their region's innovation economy.
I need to state that Innovation America does not totally share Josh Lerners perspective on his book as it does not represent the early stage capital and the many successful State Government programs that have worked. - Richard Bendis
New Book Asks Whether Governments Should be in the Venture Capital Business
