Preface—Venture Capital and Technology: What's Next?
Anna Copeland Wheatley
Economic Review, Vol. 87, No. 4, 2002
During the 1990s venture capitalists transformed entrepreneurs into corporate entities, and these companies in turn have funded increased productivity that has helped to accelerate U.S. economic growth. This success has spawned an interest in tracking information about the industry. These new resources provide an important perspective for understanding how venture capital works.
This issue of the Economic Review features three articles that examine the impact of venture capital on technological innovation, economic growth, corporate development, and other issues. These papers were among those presented at the Atlanta Fed's 2002 Financial Markets Conference, "Venture Capital and Technology: What's Next" co-sponsored with New York University's Stern School of Business in May.