In Part II Venture Capital Value-Added and Conflicts, chapter 14 “Venture Capital and Innovation” by Masako Ueda discusses the profound relationship between venture capital and innovation. Because venture capital industry is known as “not only providing money but also other value-added resources to entrepreneurial firms”, Masako raises insightful questions about innovation. Is innovation enough for venture capital? Besides patents, is productivity growth important for innovation?
To read the chapter, please see here.