Check out the abridged and reformatted version of the first chapter of Joe Bartlett's E-Book on the world of venture capitalism, fundraising, private capital, and more! Stay tuned as we continue to reformat his chapters into easy-to-digest slides.

1. Chapter: 1.1
Introduction to
Venture Capital

2. 1
Confounding many of its critics, the American economy is outstripping the
economies of its sister industrial nations by an astonishing margin.
What is going on here?
We are not the richest nation in terms of natural resources
We run a balance-of-payments deficit year in and year out and, until recently, a deficit
in our own internal accounts.
Other indices, infant mortality, for example, and secondary education are not wholly
favorable.
What constitutes the critical distinction?
The difference lies in a confluence of happy factors, some created by design (and
some serendipitous) under the heading of "Venture Capital."
Entrepreneurs, investors, scientists, and key managers have coalesced in various hot
spots around this country over the past forty years to incubate new firms.

3. 2
Small Business Powers Our Economy
The crowning glory of small business is the venture-backed sector, from "the embryo
to the IPO."
Our future lies in what MIT's David Burch calls "gazelle companies," i.e., "young
enterprises with pioneering ideas that quickly grow into big companies." [1]
These are the firms where founders, from the start, are driving for major league
status.
Generally, although not exclusively, they are tech driven [2] and venture capital
backed …
[1]
Andrews, "Where Do The Jobs Come From?." New York Times, G-1 (Sep. 21,
2004). "Gazelles" are referred to as "innovator firms" by Prof. Megginson. Megginson,
"Toward a Global Model of Venture Capital," VC Experts Buzz of the Week, 8/10/2004.
[2]
Note, innovation needn't be tech-centric; we all relied on the Post Office to deliver
the mail, until Fred Smith came up with Federal Express. But, by and large, tech drives
the venture market … computer hardware, software, biotech, information technology …
and then robotics, nano-tech, quantum computing, gene therapy, und so weiter.
This valuable information was originally published by Joseph Bartlett, Founder and Chairman of
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