The Venture Capitalist Approach to Being an Academic

Source: American Institute for Economic Research
by Michael J Douma

“Traditional capitalist investors seek steady returns on investments with little risk of failure. Venture capitalists, however, invest in an array of risky but potentially high-return projects. Similarly, traditional academics seek safe, recognized lines of research that appeal to academic search committees and book publishers. Venture academics, on the other hand, seek a completely new line of inquiry with high potential for impact, but also high risk of failure. A venture academic is a person who might write every third peer-reviewed paper on a topic that is completely new to them.” (09/12/22)