Fusion! And Other Ways to Put the Adventure Back in Venture Capital
Venture capital is the fuel powering most technology startups. Behind every future Google or Uber or Snapchat is a syndicate of venture firms hoping for outsize financial returns. But the vast majority of venture money goes into Internet, mobile, and software companies where consumer demand and the path to market are plain. So what happens to entrepreneurs with risky, unproven, but potentially world-changing ideas in areas like zero-carbon energy or growing replacement human organs? If it weren't for an MIT-born venture firm called The Engine and a tiny handful of other venture firms tackling "Tough Tech," they'd probably never get their ideas to market.