“The final way to respond to the difficulty of lending against intangibles is the most radical. It is for businesses to change their finance mix: specifically, to rely more on equity and less on debt. Should a business fail, equity… — Jonathan Haskel Copy Share Image
“But increasing the amount of equity finance in an economy is easier said than done: it is a project that would take decades rather than years. Some of the barriers are institutional: outside of the very small world of venture… — Jonathan Haskel Copy Share Image
“Indeed, the recurrent critiques of the lack of diversity of Silicon Valley's VC sector and the companies that it backs can be seen as… — Jonathan Haskel Copy Share Image
“The final way to respond to the difficulty of lending against intangibles is the most radical. It is for businesses to change their finance… — Jonathan Haskel Copy Share Image
“So, if you are predominantly a producer of intangible assets (writing software, doing design, producing research) you probably want to build an organization that… — Jonathan Haskel Copy Share Image
“What if, by contrast, you are more a user of intangible assets: say, the Amazon warehouse, using the knowledge of the routing algorithm, or… — Jonathan Haskel Copy Share Image
“But increasing the amount of equity finance in an economy is easier said than done: it is a project that would take decades rather… — Jonathan Haskel Copy Share Image
“While we might expect to see venture capital develop further in an increasingly intangible economy, it is not clear that governments can or should… — Jonathan Haskel Copy Share Image
“As the brilliant economist-educator Russell Roberts points out, chroniclers of the cult of celebrity have an extensive pedigree. Writing in The Theory of Moral… — Jonathan Haskel Copy Share Image
