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Boulevard of Broken Dreams by Josh Lerner

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CHAPTER 9

LESSONS AND PITFALLS

The stories and studies discussed in earlier chapters have a variety of implications for those—whether government officials, local business leaders, or simply interested citizens—who seek to promote high-potential entrepreneurship and venture capital. While in many cases this evidence illustrates what not to do, it also offers many positive suggestions.

In this final chapter, I highlight a number of implications that emerge from the earlier discussions. I also discuss frequently offered suggestions and programs to boost entrepreneurial and venture capital activity that are less consistent with the principles outlined in this book, and explain why they do not make sense.

RECOMMENDED RULES OF THUMB

There are a number ...

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