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View eJournal USA PDF (5.45 MB) - Tech Start Ups.indd

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Publié par	igahakig
Nombre de lectures	120
Langue	Français
Poids de l'ouvrage	5 Mo

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Volume 13, Number 5 International Information Programs: Coordinator Jeremy F. Curtin Executive Editor Jonathan Margolis Creative Director George Clack Editor-in-Chief Richard W. Huckaby Managing Editor Michael Jay Friedman Production Manager Susan L. Doner Assistant Production Manager Chloe D. Ellis Web Producer Janine Perry

Copy Editor Kathleen Hug Photo Editor Ann Monroe Jacobs Cover Design Timothy J. Brown Reference Specialist Anita N. Green Copyright Specialist Yvonne R. Shanks

Cover Photo: The garage in Palo Alto, California, where Hewlett-Packard began. © AP Images

The Bureau of International Information Programs of the U.S. Department of State publishes a monthly electronic journal under theeJournal USAlogo. These journals examine major issues facing the United States and the international community, as well as U.S. society, values, thought, and institutions. One new journal is published monthly in English and is followed by versions in French, Portuguese, Russian, and Spanish. Selected editions also appear in Arabic, Chinese, and Persian. Each journal is catalogued by volume and number. The opinions expressed in the journals do not necessarily reﬂect the views or policies of the U.S. government. The U.S. Department of State assumes no responsibility for the content and continued accessibility of Internet sites to which the journals link; such responsibility resides solely with the publishers of those sites. Journal articles, photographs, and illustrations may be reproduced and translated outside the United States unless they carry explicit copyright restrictions, in which case permission must be sought from the copyright holders noted in the journal. The Bureau of International Information Programs maintains current and back issues in several electronic formats, as well as a list of upcoming journals, at http://www.america.gov/publications/ejournals.html. Comments are welcome at your local U.S. Embassy or at the editorial ofﬁces: Editor,eJournal USA IIP/PUBJ U.S. Department of State 301 4th St. S.W. Washington, DC 20547 United States of America E-mail: eJournalUSA@state.gov

T monuments that adorn the National Mall in Washington, D.C. In 1938, the garage housed no automobile, but rather the Hewlett-Packard Company, founded by William Hewlett and David Packard with $538 in borrowed capital. The image represents the entrepreneurial zest and individual drive that characterize this nation of achievers, the creativity and practical ingenuity of American entrepreneurs from Benjamin Franklin (bifocals, odometer, lightning rod) to Larry Page and Sergey Brin (Google) who harness the latest technologies to practical — and proﬁtable — uses. Also important is the garage’s address: Palo Alto, California, home to Stanford University and a central point in the famous Silicon Valley, nexus of the semiconductor revolution and no doubt of technological marvels to come. This eJournal explores the phenomenon that drives uncounted Americans — and now citizens of other nations — to create ﬂedgling “start-up” businesses that explore and exploit the latest developments in high technology. It also investigates the closely related “venture capital” phenomenon. New businesses need money, and often lots of it. How investors match their funds to (hopefully) winning ideas is a big part of the start-up story. How does one start a high-tech business, and how does one fund it? Joseph Bartlett addresses these questions from the vantage point of a venture capital expert. Amity Shlaes explains the policy decisions that encouraged — and at times discouraged — this venture capital system and the innovation it nourishes. Start-up CEO Cheryl Smith explains the process from the business owner s perspective, while ’ Ben Casnocha — named byBusinessWeekmagazine as one of America’s “top young entrepreneurs” — offers words of encouragement to young people to get out there and create businesses of their own. Many high-tech start-ups are founded in that part of northern California we know today as the Silicon Valley. Ashlee Vance explains why. And Richard Florida examines one social consequence of the high-tech revolution: the emergence of a “creative class” that prizes cultural diversity and social tolerance. Many important start-ups have been founded by immigrant entrepreneurs who arrive in the United States from every corner of the globe. Throughout this eJournal, we proﬁle a number of them. Venture capitalist Vinod Dham, also known as the father of the Pentium processor, once memorably said: “Living in the Silicon Valley, if you do not do a start-up, then something is wrong with you.” That puts the matter a bit starkly, but Dham does capture the essential drive of millions — Americans and others — who even now are hard at work, if only in the garages of their minds. — The Editors

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