Venture capital has much to be proud of. In the past fifty years, it has helped build a host of great companies, from Intel and Genentech to Facebook and Google.
UK and US VC performance have been converging - but it's not all plain sailing
It seems that we are finally beginning to grasp the true value of localism: not as an R&D lab for the centre, but as a powerful force in its own right. But this new vision of localism also calls for new types of social finance.
It's taken a while, but at last a new type of high street bank has emerged from the wreckage of the credit crunch.
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