Are you a Stanford student interested in enrolling in MS&E 472: The Entrepreneurial Thought Leaders Seminar? Check out our course FAQ!

How the VC Industry Was Born

Gary Morgenthaler and David Morgenthaler, Morgenthaler Ventures

Morgenthaler Ventures was formed in 1968, before there really was a VC industry. David Morgenthaler invested $3 million of his own money in new businesses and became the father of venture capital. He was also instrumental in the passing of the capital gains tax differential, which provides an incentive for entrepreneurship. He is now the founder of a $2 billion private equity firm.