Who Coined the Term Venture Capital? Discover Georges Doriot's Impact
Learn about Georges Doriot, the founder of venture capital, and his influence on the finance industry.
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The term 'venture capital' was coined by Georges Doriot, a French-American financier and Harvard Business School professor. He is considered the 'father of venture capitalism' and founded the first public venture capital firm, American Research and Development Corporation (ARDC), in 1946.
FAQs & Answers
- What is venture capital? Venture capital is a form of private equity financing provided to startups and small businesses with high growth potential.
- Why is Georges Doriot significant in venture capital? Georges Doriot is called the 'father of venture capitalism' for establishing the first public venture capital firm and shaping the industry.
- What is American Research and Development Corporation? Founded by Georges Doriot in 1946, ARDC was the first public venture capital firm focusing on supporting innovative startups.
- How did venture capital evolve over time? Venture capital has evolved to include diverse funding sources and greater focus on tech startups, driven by successful examples like Silicon Valley.