An incisive history of the venture-capital industry.
New Yorker

An excellent and original economic history of venture capital.
Tyler Cowen, Marginal Revolution

A detailed, fact-filled account of Americas most celebrated moneymen.
New Republic

Extremely interesting, readable, and informativeTom Nicholas tells you most everything you ever wanted to know about the history of venture capital, from the financing of the whaling industry to the present multibillion-dollar venture funds.
Arthur Rock

In principle, venture capital is where the ordinarily conservative, cynical domain of big money touches dreamy, long-shot enterprise. In practice, it has become the distinguishing big-business engine of our time[A] first-rate history.
New Yorker

VC tells the riveting story of how the venture capital industry arose from Americas longstanding identification with entrepreneurship and risk-taking. Whether the venture is a whaling voyage setting sail from New Bedford or the latest Silicon Valley startup, VC is a state of mind as much as a way of doing business, exemplified by an appetite for seeking extreme financial rewards, a tolerance for failure and experimentation, and a faith in the promise of innovation to generate new wealth.

Tom Nicholass authoritative history takes us on a roller coaster of entrepreneurial successes and setbacks. It describes how iconic firms like Kleiner Perkins and Sequoia invested in Genentech and Apple even as it tells the larger story of VCs birth and evolution, revealing along the way why venture capital is such a quintessentially American institutionone that has proven difficult to recreate elsewhere.