Clean air and water, cures for intractable diseases, greener public transportation, cheaper and faster communication technologiesthese are some of the rich opportunities awaiting venture capital investment today. Jamison and Waite focus on how early-stage companies specializing in commercializing transformative technologies based on deep science have been shunned by venture capitalists, and how the development of such companies have been hampered by structural changes in capital markets and government regulation over the past decade. The authors argue that reinvigorating science-based technological innovation is crucial to reactivating the economic dynamism that lifts living standards and fuels prosperity over time.
About the Author
Stephen R. Waite works as a strategic advisor and investment manager. He is the author of Quantum Investing (2003) and coauthor of Boomernomics (1998).
Table of ContentsForeword, by Mark Anderson
1. Deep Science Disruption
2. The U.S. Deep Science Innovation Ecosystem
3. Deep Science and the Evolution of American Venture Capital
4. Diversity Breakdown in Venture Investing
5. Fostering Diversity in Venture Investing
6. Deep Science Venture Investing
7. Our Choice Ahead
Appendix 1: The Case of D-Wave Systems
Appendix 2: The Case of Nantero
What People are Saying About This
Jamison and Waite have written the crucial economic book of the year, addressing the crisis of venture capital in an era without 'deep science'-based innovations and IPOs, and with leviathans buying up their own shares and the shares of their rivals while stinting on the hard science behind all truly transformative progress.
This book makes a compelling case that attention needs to be refocused on science-based businesses and a more robust capital market for early-stage companies to increase U.S. economic dynamism.
Due to the shifting venture investing landscape and changes in the regulatory environment, deep science R&D after billions in government investment is not being commercialized to its full potential. Society needs a balanced approach. Otherwise the economy and quality of life are at risk. This book is a call for change.
This fascinating book should be required reading for all entrepreneurs and investors interested in science- and technology-based startups.