The VC Effect: The Right Tech at the Right Time?
05 July 2021
William Janeway researches the relationship between venture capital booms and startups. He examines the way they are related to but also distinct from macroeconomic business cycles and stock market fluctuations.
Venture-backed firms constitute nearly half of IPOs in the United States,” says William ‘Bill’ Janeway CBE, an American venture capitalist and economist. “The degree to which VCs select different startups across each cycle, as well as how they structure their contracts and govern differently can impact not just the rate, but also the trajectory of technological innovation broadly, given the industry’s outsized role in financing innovative high growth ventures.”
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