George Doriot and the History of Venture Capital

Spencer E. Ante, BusinessWeek

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The emergence of modern venture capital dates to the post-WWII era, and, despite Silicon Valley's dominance in the field today, it was born on the East Coast. BusinessWeek editor Spencer Ante offers a history of corporate investment structures. The notion of investing in a business with money obtained beyond one's personal family - the very crux of this high-stakes business segment today - was a demoncratization of the business world hitherto unseen.

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