Invention of the telephone hardly a commercially practical telephone in the modern sense. Thomas Edison tested the Reis equipment and found that "single words, uttered as in reading, speaking and the like, were perceptible indistinctly, notwithstanding here also the inflections of the voice, the modulations of interrogation, wonder, command, etc., attained distinct expression." In 1947, the Reis device was tested by the British company Standard Telephones and Cables (STC). The results also confirmed it could transmit and receive speech with good quality (fidelity), but relatively low intensity. At the time STC was bidding for a contract with Alexander Graham Bell's American Telephone and Telegraph
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.