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Building Venture Capital Industries: Understanding the U.S. and Israeli Experiences
The paper uses historically informed case studies of Israel and the U.S. to develop an appreciative model of how the venture capital industries in these two nations came into being. Findings indicate that despite its recent crisis, the Israeli case proves that it is possible for follower nations with the right preconditions to develop a vibrant industry far more rapidly than did the U.S.
Link
http://repositories.cdlib.org/cgi/viewcontent.cgi?article=1059&context=brie