social welfare research institute - Boston College

entrepreneurs; open and competitive markets; the pursuit of diverse and innovative
approaches; high levels of entrepreneurship; a virtuous circle of wealth creation where
"entrepreneurs recycle their income and expertise in new business start-ups." Edwards
presents and analyzes many characteristics of the "new economy." The most relevant for
our purposes are the move away from a "managed economy" to an "entrepreneurial
economy;" a business culture which tolerates failure and encourages people to start their
own businesses; and a diverse and uncertain business environment.
Our major conclusions from our review of the research landscape were:
• that we would need to move beyond interviews with the usual suspects and diversify
our sample as much as possible;
• that there was much room to deepen the understanding of “venture philanthropy” and
high-tech wealth holders;
• that it would be fruitful to look behind the stereotypes to learn the inner workings of
high-tech philanthropy.
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