This article by Roger Cheng (CNET News, November 8, 2011) reports on American Express’s announcement that it will invest $100 million in startups that are designed to address mobile and online payments, security, reward and loyalty programs, and other forms of digital commerce. Rather than launch its own major initiatives in the way Visa and Google has, AMEX will support…
Boulevard of Broken Dreams
Josh Lerner (2009) Boulevard of Broken Dreams: why public efforts to boost entrepreneurship and venture capital have failed–and what to do about it, Princeton University Press, Princeton Discussing the complex history of Silicon Valley and other pioneering centers of venture capital, Josh Lerner uncovers the extent of government influence in prompting growth. He examines the public…