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Venture LaborWork and the Burden of Risk in Innovative Industries$
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Gina Neff

Print publication date: 2012

Print ISBN-13: 9780262017480

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262017480.001.0001

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Being Venture Labor: Strategies for Managing Risk

Being Venture Labor: Strategies for Managing Risk

(p.69) 3 Being Venture Labor: Strategies for Managing Risk
Venture Labor

Gina Neff

The MIT Press

This chapter concentrates on the strategies that people in Silicon Alley used for managing the economic risks they felt they faced. It utilizes the interview data to build a typology of venture labor strategies that is rooted in the valuation process, and describes how people talked about the risks they faced and what communicative frameworks they used to manage these risks. The chapter also discusses in detail the strategies for managing risk among Silicon Alley workers—financial, creative, and actuarial—and shows that they are coconstitutive of the industrial space of Silicon Alley. These strategies also emphasize the different approaches to economic uncertainty undertaken by people who worked within the industry. Moreover, people are adapting to a new, generalized work insecurity.

Keywords:   economic risks, Silicon Alley, venture labor strategies, industrial space, economic uncertainty, work insecurity

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