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![]() from the english, those english brought back with
them their English Bank System. Come on, you just don't help rebels with crown jewels just like that!!! So the americans had to reinvent their financial system. And a few other ropes Kings carry in their bags. Somehow they reinvented their financial system not around Banks which tend to make rich people richer, but around the Stock Exchange that was invented or brought back into fashion by the end of the eightteenth century. So this organization of their financial system around the Stock Exchange led some years later to the huge industrial revolution where someone with a good idea could make it big, and while England was building it's "empire where the sun never sets", United States was building its "land of opportunity". This "someone with a good idea that could make it big" in the last sentence was to be later called an "entrepreneur" by some classy intellectuals of the 20th century, trying to perpetuate the growth rate in the economy of that time forever. Clearly the "entrepreneur" was born out of the economic pressure of the King taking back home his Banks and other belongings. And the venture capitalist is the person (or orga- nization) with money that beleives those classy intellectuals about the "entrepreneur"s and finances Silicon Valley and Boston High Tech industrial center, either when there's an opportunity or there's a big problem in the economy like there was at one time in Boston. So that's what approximately are entrepreneurs and venture capitalists and their importance. mario do-your-idea.com subscribe here |
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