Files / Working Papers

The Globalization of Innovation and Entrepreneurial Talent: The Changing Context of Venture Capital Investment

By January 7, 2011No Comments

In this paper Richard Florida, Robert Wuebker and Zoltan Acs examine recent patterns of venture capital investment which suggest that the venture capital industry is in the early stages of a profound transformation catalyzed in
part by the globalization of igh-impact entrepreneurship. This change in the allocation of early-stage venture investment has important implications for the financing of young firms, the speed of innovation and technological
transformation, and the locus of long-term economic growth.