This essay examines the implications of the evolving environment for the formation and financing new firms. "Unicorn" became an emblem of the newly founded firm that had rapidly grown to a value of a billion or more US dollars. However, there has been a downside, and new dilemmas, with rapidly...

This essay examines the implications of the evolving environment for the formation and financing new firms. "Unicorn" became an emblem of the newly founded firm that had rapidly grown to a value of a billion or more US dollars. However, there has been a downside, and new dilemmas, with rapidly...

What has made Silicon Valley so productive of new technologies and new firms? How did its pioneering achievements begin—in computer networking, semiconductors, personal computing, and the Internet—and what forces have propelled its unprecedented growth? This collection of nine chapters by...