A LOOK BACKWARDS
Before exploring how governments can help entrepreneurs, it is important to understand if they can be effective at all. In the next three chapters, we will explore the major justifications for public intervention to promote entrepreneurship and venture capital. We’ll begin by posing questions that doubtless will be in the back of many readers’ minds: most pressingly, how can we reasonably expect government officials to help freewheeling entrepreneurs and venture investors?
In this chapter, we’ll seek to answer this question by exploring a few episodes from the history of entrepreneurship. By examining the history of pioneering entrepreneurial regions and venture funds, we’ll see that they are not just creations of “capitalist ...