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Richly researched with the cooperation of Doriot's surviving colleagues . . .
Posted November 26, 2008
Georges Doriot, the father of the modern venture capital industry, once said, ¿I don¿t know anyone on Wall Street who ever built a company. They simply furnish money, and that¿s the least important part of it.¿ Everyone who knew Doriot, or ¿the General¿ as he was called, trusted his wisdom, veracity and business sense. As president of the American Research and Development Corporation (ARD), the world¿s first publicly owned venture capital firm, Doriot ¿ a charming Frenchman turned American ¿ repeatedly proved the inestimable value of seed capital to get new enterprises up and running. Author Spencer E. Ante fully conveys Doriot¿s remarkable discipline, energy, charisma and bold vision. He tells the saga of Doriot¿s life as an innovative financier, and explains how he and his firm funded the launch of many famous high-tech companies and, in the process, helped transform the U.S.¿s stodgy industrial economy. getAbstract warmly recommends this fascinating biography.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Posted August 4, 2008
Spencer Ante sheds a powerful light on the life and accomplishments of a foreigner who came alone to the U.S. in 1921 C.E. That man had neither family nor friends at his arrival. Furthermore, he never graduated from college in his native country. On top of that, that man was not rolling in money. The WWI had wiped out his father financially. However, that foreigner had some assets: a strong Protestant work ethic, a passion for technology and the future, a confident yet humble personality that was at ease with people of all stations in life, a strong volubility, a sense of compassion, and a deep understanding of the importance of education. Furthermore, that same foreigner wanted to run one day his own company after the example of his father. Who would have bet in 1921 that such a foreigner would one day become: 1. Arguably the most influential and popular professor at Harvard University¿s Graduate School of Business 2. The driver behind the foundation of INSEAD, one of the leading business schools in the world 3. The man who played a key role in the well-being of the American soldiers during WWII by spearheading to their benefit a quite revolution in engineering 4. And last but not least, the father of the venture financing industry as we know it today around the world. That foreigner was a Frenchman and his name was Georges Doriot. As it is often the case, an extraordinary woman, who remained mostly in the background, was part of that story. Her name was Edna Allen and she was American. To summarize, Ante succeeds in bringing back to light a man whose contributions deserve to be better known, especially, in business circles.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.