Finances Future: The young guns of venture capital are poised to bring venture back into the limelight
Venture capital is not a new institution. In 1946, Gen. Georges Doroit, considered by most to be the father of the venture capital industry, founded American Research and Development Corp. in Boston and in 1959 dropped $70,000 into a little company known as Digital Equipment Corp. Anyone who has spent more than 20 minutes in the New England Technology community knows how that investment turned out (DEC had a reported market value of $37 million when it went public in 1968). Steady industry growth over Continue reading →