William Janeway on What's Needed for the Innovation Economy
Masters in Business
Bloomberg
4.4 • 2.2K Ratings
🗓️ 23 August 2018
⏱️ 89 minutes
🧾️ Download transcript
Summary
Bloomberg Opinion columnist Barry Ritholtz interviews the venture capitalist and economist William Janeway. Janeway discusses how much of America’s innovative technologies began with a helping hand from the U.S. government. Transistors, ARPAnet (the predecessor to the internet), semiconductors, cellular technology, microwaves, even stealth technology, got their start as government research projects. An updated edition of his book, "Doing Capitalism in the Innovation Economy: Reconfiguring the Three-Player Game between Markets, Speculators and the State," was released in May.
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Transcript
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| 0:00.0 | If you're looking for a leg up for your business, look no further than North Carolina. |
| 0:04.8 | There are many reasons it's been ranked the top state for business. |
| 0:08.2 | The evolution of its tax code is just one of them. |
| 0:11.6 | Among all states with a corporate tax rate, North Carolina has the lowest, by 2030, it won't |
| 0:17.8 | even have one. |
| 0:18.8 | Now, that'll make the neighbors jealous. |
| 0:21.3 | So if you're all in on better business, it's all in North Carolina. |
| 0:26.8 | Visit allinnc.com to learn more. |
| 0:30.3 | Join Bloomberg Live on June 22nd for the Bloomberg Technology Summit in San Francisco, as the biggest |
| 0:35.7 | names in tech discuss the biggest stories in business, technology and society today. |
| 0:40.9 | Speakers include Sam Altman, OpenAI, Jason Citron, Discord, Dr. Colleen, Cutliffe, and |
| 0:47.3 | Halle Berry, Pendulum Therapeutics, and London breed Mayor of San Francisco, presenting sponsors |
| 0:53.4 | Croment Surprise and Tonumus, register at Bloomberglive.com slash Bloomberg Tech slash radio. |
| 1:02.4 | This is Masters in Business with Barry Rittholz on Bloomberg Radio. |
| 1:09.9 | This week on the podcast, I have an extra special guest. |
| 1:12.9 | His name is Bill Janeway and he is the author of the Innovation Economy. |
| 1:18.5 | He was an early guest where quite bluntly, I really didn't know what the hell I was doing. |
| 1:23.6 | And I think this conversation is far more detailed and in depth if you are at all interested |
| 1:30.6 | in venture capital, technology investing, and the role of both the defense and intelligence |
| 1:38.4 | agencies specifically and the federal government generally in impacting venture investing technology |
| 1:49.1 | long form investing where there may not be an immediate payoff, but ultimately you end up with a really significant set of payoffs, |
| 1:58.5 | whether we're talking about the interstate highway system, the cross-continental railroads, the space race for the moon. |
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