Adventure Capitalism
Adventure capitalism
Leaders | Technology investingThe venture-capital industry is being supersized. GoodVLADIMIR LENIN believed that a tiny vanguard could, through force of will, harness historical forces to transform how global capitalism works. He was right. However, the revolutionaries have not been bearded Bolsheviks but a few thousand investors, mostly based in Silicon Valley, running less than 2% of the world’s institutional assets. In the past five decades, the venture-capital (VC) industry has funded enterprising ideas that have gone on to transform global business and the world economy. Seven of the world’s ten largest firms were VC-backed. VC money has financed the companies behind search engines, iPhones, electric cars and mRNA vaccines.This article appeared in the Leaders section of the print edition under the headline “Adventure capitalism”From the November 27th 2021 editionDiscover stories from this section and more in the list of contentsExplore the edition