History of the telephone patents, however, were commercially decisive, because they dominated telephone technology and were upheld by court decisions in the United States. The modern telephone is the result of work of many people. Alexander Graham Bell was, however, the first to patent the telephone, as an "apparatus for transmitting vocal or other sounds telegraphically". Bell has most often been credited as the inventor of the first practical telephone. However, in Germany Johann Philipp Reis is seen as a leading telephone pioneer who stopped only just short of a successful device, and as well the Italian-American inventor and businessman Antonio Meucci has been
The Money of Invention The Money of Invention The Money of Invention: How Venture Capital Creates New Wealth is a non-fiction book about venture capital, written by Paul A. Gompers and Josh Lerner, Professors of Business Administration at Harvard Business School. The book was first published in 2001 by the Harvard Business School Press. It is considered one of the best studies about the venture capital industry in United States. "The Money of Invention" is a non-technical overview of the venture capital (VC), written for a general audience who wants to understand how VC industry works. The book is composed of three major sections.