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Silicon Valley, Singapore, Tel Aviv--the global hubs of entrepreneurial activity--all carry the marks of authorities investment. Yet, for each and every public treatment that spurs entrepreneurial activity, there are numerous failed efforts that waste products untold billions in taxpayer dollars. When has governmental sponsorship succeeded in boosting development, so when has it dropped terribly short? If the government be engaged in such undertakings at all? Boulevard of Broken Dreams is the first intensive go through the ways government authorities have supported enterprisers and project capitalists across ages and continents. Josh Lerner, one of the primary experts in the field, provides valuable insights into why some open public initiatives work while some are hobbled by pitfalls, and he offers suggestions for how open public endeavors should be carried out in the future.
Talking about the complex record of Silicon Valley and other pioneering centers of venture capital, Lerner uncovers the amount of government impact in prompting development. He examines the public strategies used to advance new ventures, points to the obstacles of these efforts, and reveals the normal flaws undermining too many programs--poor design, a lack of understanding for the entrepreneurial process, and implementation problems. Lerner points out why government authorities cannot determine how venture marketplaces evolve, and just why they must balance their positions as catalysts with a knowledge with their limited capability to energize the entrepreneurial sector.
As government authorities worldwide seek to spur economical growth in ever more ambitious ways, Boulevard of Broken Dreams provides an important extreme caution. The reserve argues for a careful approach to authorities support of entrepreneurial activities, so that the mistakes of earlier efforts are not repeated.
