Planet VC: How the globalization of venture capital is driving the next wave of innovation

Venture capital (VC) is the business of financing the new - and making outsized profits. It grew up in Silicon Valley, backing the most influential companies known today, including Apple and Airbnb.

It's not the iPhone, but VC, that is Silicon Valley's greatest export - it's the key ingredient of innovation, and provides the toolkit for inventors and startup founders around the world to become powerful, multi-billion-dollar companies.

Once other countries learned how to finance risky startups...