When Venture Capital Was an Adventure

George Doriot, the father of venture capitalism, liked to quip “Someone, somewhere, is making a product that will make your product obsolete.” Doriot died in 1987, but his ideas about venture funding can be seen to this day; Intel, Apple, and Cisco (to name a few) are some of the first companies to be funded by venture capitalists. The VCs that followed in his footsteps—including Tom Perkins, Arthur Rock, and Don Valentine—have, through their work, trailblazed a path of American innovation.

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When Venture Capital Was an Adventure