Summary of Robyn Klingler-Vidra's The Venture Capital State

By IRB Media

Please note: This is a companion version & not the original book.

Book Preview: #1 Many politicians around the world have studied the drivers of Silicon Valley’s success, and want to replicate it in their own cities. They look at the area’s venture capital industry, which epitomizes the neoliberal essence of Silicon Valley, and its role in fostering innovation and entrepreneurship.

#2 Venture capital, which is largely funded by the public, is often presented as the solution to the lack of investment in innovation.

#3 There are at least 45 countries that have created local Silicon Valley–like venture capital markets. The spread of VC policy transcends ideological lines, as neoliberal and socialist states, liberal market economies, and left- and right-wing governments alike pursue policy actions.

#4 Despite widespread expectations of policy convergence, this study reveals that systematic diversity underpins the veneer of the convergent VC policy trend.

• Language: English
• Publisher: IRB Media
• Release date: Feb 15, 2022
• ISBN: 9781669348597

IRB Media

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Insights on Robyn Klingler-Vidra's The Venture Capital State

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 4

Insights from Chapter 5

Insights from Chapter 6

Insights from Chapter 7

Insights from Chapter 8

Insights from Chapter 1

#1

Many politicians around the world have studied the drivers of Silicon Valley’s success, and want to replicate it in their own cities. They look at the area’s venture capital industry, which epitomizes the neoliberal essence of Silicon Valley, and its role in fostering innovation and entrepreneurship.

#2

Venture capital, which is largely funded by the public, is often presented as the solution to the lack of investment in innovation.

#3

There are at least 45 countries that have created local Silicon Valley–like venture capital markets. The spread of VC policy transcends ideological lines, as neoliberal and socialist states, liberal market economies, and left- and right-wing governments alike pursue policy actions.

#4

Despite widespread expectations of policy convergence, this study reveals that systematic diversity underpins the veneer of the convergent VC policy trend.

#5

The quantitative bias of diffusion research stems from the fact that it is designed to explain similarity, not variety. It assumes that all countries will eventually adopt the same policies, and it does not explore the causes of this top-line convergence.

#6

Theories of the diffusion of innovations suggest that the more specific the model, the more likely it is that the adopters will converge on it. However, they still do not account for how policies vary, and they lack the analytical tools to explore local context factors in the process.

#7

The contextual rationality framework builds on the work of scholars who argue that domestic contexts are not black boxes into which models diffuse. It takes seriously the contention that state identity fundamentally shapes state behavior, and that state identity is, in turn, shaped by the cultural-institutional context within which states act.

#8

The first key difference between contextual and conventional forms of rationality is that contextually rational actors are not considered learners with limited computational