Venture capital (VC) is the business of financing the new―and making outsized profits. It grew up in Silicon Valley, backing the most influential companies known today, including Apple and Airbnb.
It’s not the iPhone, but VC, that is Silicon Valley’s greatest export―it’s the key ingredient of innovation, and provides the toolkit for inventors and startup founders around the world to become powerful, multi-billion-dollar companies.
Once other countries learned how to finance risky startups, they could unlock their own innovative energies.
And where is VC placing its bets today?
The answer everywhere. China. India. Israel. Brazil.
Planet VC uncovers the story of how VC went global, transforming cities from Beijing to Bangalore into the techno-hubs of tomorrow. Authors Terrance Philips and Jame DiBiasio follow the money to understand how VC helped enable the rise of America’s global competitors, and where the world of innovation is headed next.
What sectors or technologies are VCs backing in different parts of the world? How does VC work in countries as different as China and India? How do governments influence the funding of innovation? And how is technology, from blockchain to the metaverse, changing the nature of VC?
By exploring these questions, through in-depth interviews with the people who pioneered venture investing around the world as well as with today’s industry leaders, Planet VC provides a unique and useful framework for understanding the future of global innovation.
Jame DiBiasio is an editor, journalist and media entrepreneur. He specializes in finance, technology, and capital markets, with a dash of history.
His latest book is PLANET VC (co-authored with Terrance Philips), about venture capital beyond Silicon Valley.
He has also written COWRIES TO CRYPTO, a history of money; and profiles of blockchain entrepreneurs in Hong Kong in BLOCK KONG (co-authored with Charles D'Haussy).
His passion for Asian history extends to writing two books on the great medieval capitals of Southeast Asia: THE STORY OF ANGKOR and WHO KILLED THE KING OF BAGAN?.
It’s a book about the history and evolution of venture capitalism, offering eye-opening insights for readers outside the region.
The author traces how the industry grew from its roots in the United States to the rest of the world, expanding into emerging markets. It highlights the rise of major players such as China and India — with China’s market journeying from awakening and rapid growth to its golden age, before the government began tightening control. The book also explores the next frontiers of venture capital, including India and Southeast Asia.
An interesting read into the spread of Venture Capitalism from Silicon Valley to other parts of the world, especially when it comes to how intertwined this concept is with risk mindset at government scales.