Invention of the telephone useful and widespread apparatus it is now. The telephone exchange was an idea of the Hungarian engineer Tivadar Puskás (1844–1893) in 1876, while he was working for Thomas Edison on a telegraph exchange. Puskás was working on his idea for an electrical telegraph exchange when Alexander Graham Bell received the first patent for the telephone. This caused Puskás to take a fresh look at his own work and he refocused on perfecting a design for a telephone exchange. He then got in touch with the U.S. inventor Thomas Edison who liked the design. According to Edison, "Tivadar Puskas was the
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.