In order to understand how it is that the venture capital ecosytem came to be, it is useful to understand the history of such investments as they originate in whaling, as well as Phoenician trading expeditions. More useful still is to analyse and perform case studies of the most successful ecosystems in Shenzhen, San Francisco and Boston.
This book explains in no uncertain terms the aspects of these cities that attract talent in the first place, how they generate capital and how a virtuous cycle is born in which further talent and capital is attracted by existing talent and capital. Breaking into this circle is difficult, but once it is established it basically continues itself.
There is no small amount of government incentive that plays a part in creating these ecosystems and it is dumb to assume that these spring up naturally and without support from their legislators. These pages hold what is necessary to create a special economic zone or area that has good odds of breaking into the startup ecosystem. As such, it is my BANGER OF THE WEEK.
10/10