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Boulevard of Broken Dreams: Why Public Efforts to Boost Entrepreneurship and Venture Capital Have Failed--and What to Do About It (The Kauffman Foundation Series on Innovation and Entrepreneurship)
 
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Boulevard of Broken Dreams: Why Public Efforts to Boost Entrepreneurship and Venture Capital Have Failed--and What to Do About It (The Kauffman Foundation Series on Innovation and Entrepreneurship) (Hardcover)

~ Josh Lerner (Author)
5.0 out of 5 stars  See all reviews (1 customer review)

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Boulevard of Broken Dreams: Why Public Efforts to Boost Entrepreneurship and Venture Capital Have Failed--and What to Do About It (The Kauffman Foundation Series on Innovation and Entrepreneurship) + Start-up Nation: The Story of Israel's Economic Miracle + Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System---and Themselves
Price For All Three: $47.73

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  • This item: Boulevard of Broken Dreams: Why Public Efforts to Boost Entrepreneurship and Venture Capital Have Failed--and What to Do About It (The Kauffman Foundation Series on Innovation and Entrepreneurship) by Joshua Lerner

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  • Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System---and Themselves by Andrew Ross Sorkin

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Editorial Reviews

Review

This important, well-reasoned book reminds us in times of financial crisis that it is innovation and technical change in the real economy that is ultimately responsible for our prosperity--and that, alas, there are no silver bullets or simple policies to advance the process. Provocative, interesting, and useful.
(Amar Bhide, author of "The Venturesome Economy" )


Product Description

Silicon Valley, Singapore, Tel Aviv--the global hubs of entrepreneurial activity all bear the marks of government investment. Yet, for every public intervention that spurs entrepreneurial activity, there are many failed efforts that waste untold billions in taxpayer dollars. When has governmental sponsorship succeeded in boosting growth, and when has it fallen terribly short? Should the government be involved in such undertakings at all? Boulevard of Broken Dreams is the first extensive look at the ways governments have supported entrepreneurs and venture capitalists across decades and continents. Josh Lerner, one of the foremost experts in the field, provides valuable insights into why some public initiatives work while others are hobbled by pitfalls, and he offers suggestions for how public ventures should be implemented in the future.

Discussing the complex history of Silicon Valley and other pioneering centers of venture capital, Lerner uncovers the extent of government influence in prompting growth. He examines the public strategies used to advance new ventures, points to the challenges of these endeavors, and reveals the common flaws undermining far too many programs--poor design, a lack of understanding for the entrepreneurial process, and implementation problems. Lerner explains why governments cannot dictate how venture markets evolve, and why they must balance their positions as catalysts with an awareness of their limited ability to stimulate the entrepreneurial sector.

As governments worldwide seek to spur economic growth in ever more aggressive ways, Boulevard of Broken Dreams offers an important caution. The book argues for a careful approach to government support of entrepreneurial activities, so that the mistakes of earlier efforts are not repeated.


Product Details

  • Hardcover: 248 pages
  • Publisher: Princeton University Press (October 18, 2009)
  • Language: English
  • ISBN-10: 069114219X
  • ISBN-13: 978-0691142197
  • Product Dimensions: 9.3 x 6.2 x 1 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon.com Sales Rank: #6,196 in Books (See Bestsellers in Books)

    Popular in these categories: (What's this?)

    #1 in  Books > Business & Investing > Small Business & Entrepreneurship > Raising Capital
    #16 in  Books > Business & Investing > Economics > Economic Policy & Development
    #17 in  Books > Business & Investing > Finance

More About the Author

Joshua Lerner
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2 of 4 people found the following review helpful:
5.0 out of 5 stars How governments should implement public ventures, October 13, 2009
By ROROTOKO (www.rorotoko.com) - See all my reviews
"Boulevard of Broken Dreams" is on the ROROTOKO list of cutting-edge intellectual nonfiction. Professor Lerner's book interview ran here as cover feature on October 12, 2009.
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