When we introduced the new technology review, we promised we would cover the entire "innovation system "of the United States and the rest of the industrial world. And we've begun to do that-giving you an inside view of university research labs, venture capital firms, high-tech startups and major technology companies. Within the overall innovation system, the glamor part is the startups. Magazines like Wired, Red Herring and Upside zero in on companies started by 20-year-olds working 18 hours a day so they can sell their startup to Microsoft by the time they're 22. It's understandable that these ventures get so much attention. They're romantic, and unique: No other country has a climate so favorable to entrepreneurship.

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