Georges Doriot
Georges Doriot | |
|---|---|
| Born | September 24, 1899 Boston, Massachusetts, U.S. |
| Alma mater | Harvard Business School |
| Occupation | Venture capitalist |
| Parent(s) | Auguste Doriot Berthe Camille Baehler |
Georges Frédéric Doriot (September 24, 1899 – June 1987) was a French-American known for his prolific careers in military, academics, business and education.
An émigré from
In 1946, he founded American Research and Development Corporation, regarded as one of the world's two first venture capital firms, earning him the sobriquet "father of venture capitalism".
In 1957, he founded INSEAD, now one of the world's top[1][2][3] business schools.
Biography
Youth, education and military service
Doriot was born in
Educator
In 1930, Doriot co-founded the CPA -
In 1957, Doriot founded INSEAD, the world's top global graduate business school in France with a group of his former Harvard MBA students.
ARDC and the Father of Venture Capital
In 1946, Doriot returned to Harvard and the same year he founded
ARDC is credited with the first major venture capital success story when its 1957 investment of $70,000 in Digital Equipment Corporation (DEC) would be valued at over $38 million after the company's initial public offering in 1968 (representing a return of over 500 times on its investment and an annualized rate of return of 101%).[5] Until his death, Doriot remained friends with Ken Olsen, Digital's founder.
ARDC continued investing until 1971 with the retirement of Doriot. In 1972, Doriot merged ARDC with Textron after investing in over 150 companies. For his role in the founding of ARDC Doriot is often referred to as the "father of venture capitalism".[6][7]
Death
Doriot died of lung cancer in 1987 in
Legacy
The
The Doriot School of Capital was created in his name by the so-called Zeitgeist University, Geneva, Switzerland and Mexico City, Mexico Campus in 2020. with the goal of educating leaders and building companies.
See also
Archives and records
- Georges F. Doriot research papers at Baker Library Special Collections, Harvard Business School
- Georges F. Doriot American Research and Development papers at Baker Library Special Collections, Harvard Business School
- Georges F. Doriot papers at Baker Library Special Collections, Harvard Business School
References
- ^ Palin, Adam (January 19, 2014). "From business school to boardroom". Financial Times.
- ^ "Business Gurus Shortlisted for Thinkers50 Global Management Awards" (PDF) (Press release). Thinkers50. September 5, 2013.
- ^ Di Meglio, Francesca (December 3, 2013). "HBS, Stanford, Insead, and London Business School Have the Most-Wanted MBAs". Bloomberg Businessweek. Archived from the original on December 4, 2013.
- ^ The New Kings of Capitalism, Survey on the Private Equity industry The Economist, November 25, 2004
- ^ Joseph W. Bartlett, "What Is Venture Capital?" Archived 2008-02-28 at the Wayback Machine
- ^ "WGBH Public Broadcasting Service, "Who made America?"-Georges Doriot"". PBS. Archived from the original on 2007-12-11. Retrieved 2017-08-28.
- ^ Kirsner, Scott. "Venture capital's grandfather." The Boston Globe, April 6, 2008.
Further reading
- Ante, Spencer E. (2008). Creative Capital: Georges Doriot and the Birth of Venture Capital. Cambridge, MA: Harvard Business School Press. ISBN 978-1-4221-0122-3.
- George F. Doriot papers at Baker Library Special Collections, Harvard Business School
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