Creative Capital
Georges Doriot and the Birth of Venture Capital
Harvard Business Review Press, 2008
Category:
Finance
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(1)In this summary you will learn
- Who Georges Doriot was
- How he and his firm pioneered the entrepreneurial U.S. venture capital business, transformed the American economy and sparked high-tech development
Why you should read Creative Capital
Georges Doriot, the father of the modern venture capital industry, once said, “I don’t know anyone on Wall Street who ever built a company. They simply furnish money, and that’s the least important part of it.” Everyone who knew Doriot, or “the General” as he was called, trusted his wisdom, veracity and business sense. As president of the American Research and Development Corporation (ARD), the world’s first publicly owned venture capital firm, Doriot – a charming Frenchman turned American – repeatedly proved the inestimable value of seed capital to get new enterprises up and running. Author Spencer E. Ante fully conveys Doriot’s remarkable discipline, energy, charisma and bold vision. He tells the saga of Doriot’s life as an innovative financier, and explains how he and his firm funded the launch of many famous high-tech companies and, in the process, helped transform the U.S.’s stodgy industrial economy. getAbstract warmly recommends this fascinating biography.
About the Author
Award-winning writer Spencer E. Ante is an editor at BusinessWeek, where he specializes in finance and technology. He helped found the International Academy of Digital Arts and Sciences.
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