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The American method of high-risk, potentially high-reward investments has fueled innovation from New England whaling ventures to Silicon Valley start-ups such as Apple, Intel, Cisco, and Google.

Venture capital (VC) is largely an American invention. It is a “hits” business where exceptional payoffs from a few investments in a large portfolio of startup companies compensate for the vast majority that yield mediocre returns or simply fail.
Every time we call a computer glitch a bug, we should give a little nod to the “Grand Lady of Software.” Because if it wasn’t for Grace Hopper and the moth she found wedged in the hulking Mark II computer’s relay, the computer bug might have been known by any other name.

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