Venture Capitalists have been behind startup financing since 1946, when the first two VC firms were created in the United States. These firms were American Research and Development Corporation (ARDC) and J.H. Whitney & Company. Georges Doriot founded ARDC while John Hay Whitney created J.H. Whitney & Company. Both of these men were considered the pioneers of VC investing. …read more
Source: FULL ARTICLE at Forbes Latest