A legendary professor at Harvard Business School for 40 years, Georges Doriot was a pivotal player in the founding of the modern venture capital industry. In the wake of World War II, Doriot helped found the world's first public venture capital firm, American Research and Development... In hindsight, it makes perfect sense that Boston would serve as a springboard for the venture capital movement. Since its founding in the seventeenth century, Boston has always been fuelled by an Enlightenment belief in scientific progress and human perfectibility.
It is home to America's first public school, Boston Latin School (1635), and college, Harvard College (1636). After the American Revolution, Boston became a major shipping port and leader in manufacturing new mechanical or scientific instruments. And the city has always had a revolutionary streak, with movements for women's suffrage, antislavery, and the American Revolution itself all being launched from its streets.
Georges Doriot embodied these same traits — innovation, risk-taking, and an unwavering belief in human potential. After the war, the stage was set for an explosion of innovation, and Doriot was in a perfect position to light the fuse. As a professor of a leading business school and a director of dozens of companies, Doriot had become an expert in finance and technology manufacturing.
Posted by Use Less Fellow | 28 Apr, 2011