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The Venture Capital StateThe Silicon Valley Model in East Asia$
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Robyn Klingler-Vidra

Print publication date: 2018

Print ISBN-13: 9781501723377

Published to Cornell Scholarship Online: May 2019

DOI: 10.7591/cornell/9781501723377.001.0001

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PRINTED FROM Cornell University Press SCHOLARSHIP ONLINE (www.cornell.universitypressscholarship.com). (c) Copyright University of Cornell University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in Cornell for personal use. date: 19 February 2020

The Venture Capital State

The Venture Capital State

(p.1) 1 The Venture Capital State
The Venture Capital State

Robyn Klingler-Vidra

Cornell University Press

Chapter One introduces the study’s area of investigation: the diffusion of the Silicon Valley venture capital (VC) policy model. It presents the global policy diffusion trend by introducing the findings of the study’s dataset of forty-five countries’ VC policy choices. After presenting the core empirical puzzle, the chapter introduces the study’s analytical framework –contextual rationality– which conceptualizes learning processes as both computationally strong and embedded in normative contexts, rather than as cognitively limited (as bounded rationality does) or exogenously based (as conventional forms of rationality presume). The Introduction chapter then provides rationale for studying the successful East Asian cases of Hong Kong, Taiwan and Singapore in order to understand the broader narrative.

Keywords:   Venture capital, Silicon Valley, Entrepreneurship, Diffusion, Convergence, Rationality, Contextual Rationality, Hong Kong, Taiwan, Singapore

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