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