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Harnessing Science and Technology for America's Economic Future National and Regional Priorities (1999) / Chapter Skim
Currently Skimming:

The U.S. Environment for Venture Capital and Technology-Based Start-Ups by Charles Geschke
Pages 113-118

The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.


From page 113...
... Today, I would like to give you a very brief perspective from someone who is in an industry and company supported by venture capital, and living in one of the "sticky" environments that were talked about before. Silicon Valley is probably the biggest "sticky environment" in the world, certainly the biggest in the United States.
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From page 114...
... If you look at the technology business that we are in, basic research in very sophisticated areas of physics and chemistry and biotechnology does not usually drive our industry. More often, the important advances have been applications of relatively sophisticated but well-understood concepts underlying mathematics and systems design, and the integration of various pieces of research that have been developed independently into systems that provide solutions.
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From page 115...
... This environment consists of more than the products and the key individuals who start the companies. It consists of mundane things that allow venture capital to be readily available, including the know-how that allows people to sign leases for equipment and facilities, to set up banking relationships and human resource support systems, and all the other things necessary to start a business.
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From page 116...
... Because we all compete in the global marketplace, international marketing expertise is also necessary to be truly successful. Today more than 50 percent of our revenue is outside the United States, and will probably grow to two-thirds or three-quarters in the long term.
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From page 117...
... . Frankly, it was the Advanced Research Projects Agency research investments of the last half of the 1960s and the early 1970s that created the intellectual capital that has allowed the current PC industry to flourish.
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Key Terms

  • venture capital
  • intellectual capital
  • software industry
  • allow venture
  • venture capitalists

  • revenue growth
  • legal costs
  • brief perspective
  • company public
  • cocktail party

  • housing vacancy
  • resource industries
  • constrained geographic
  • management team
  • probably grow

  • generating revenue
  • relatively sophisticated
  • sign leases
  • various pieces
  • absorbing knowledge

  • transferred partial
  • developed independently
  • banking relationships
  • typically invested
  • educational process

  • typically generate
  • processing businesses
  • truly successful
  • vacancy rate
  • own operating


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