Google’s Creative Destruction

Venture-capital firms have been the engine of the United States’ innovation economy. At Google Ventures, the search giant’s investing arm, Google thinks it can build a better one.

Farhad Manjoo, Joe Kraus

Joe Kraus says that analysts have discovered research that overturns some of Silicon Valley’s most cherished bits of lore. Take that old idea that it pays to fail in the Valley: Wrong! Google Ventures’ analysts found that first-time entrepreneurs with VC backing have a 15% chance of creating a successful company, while second-timers who had an auspicious debut see a 29% chance of repeating their … [ Read more ]