Category: Innovation, Startups, and Venture Capital

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Did innovation cause the credit crisis?

By 2006, the subprime market had grown to 20% of the total U.S. mortgage market, and 75% of these loans were securitized and sold off to investors around the world, facilitating an influx of capital. With credit easily available, more people than ever before were able to buy homes — but then the market seized up.
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Innovation, Startups, and Venture Capital Finance
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