Books of Account
Spencer E. Ante
( http://www.tatamcgrawhill.com/ )
Birth of venture capital
Georges Doriot’s two main pursuits were military and teaching. Yet, what consumed his thoughts in the US of the mid-1940s was the creation of a venture capital industry and entrepreneurial movement that would ensure the post-war prosperity of the economy.
The Harvard professor was, however, to “battle for the next twenty-five years against an array of domestic forces that included clueless government regulators, short-sighted lawmakers, and ultraconservative investment managers,” writes Spencer E. Ante in Creative Capital.