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Founders: #203 Georges Doriot (Birth of Venture Capital)

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What I learned from reading Creative Capital: Georges Doriot and the Birth of Venture Capital by Spencer Ante. ---- Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here. ---- 1. He was very important because he was the first one to believe there was a future in financing entrepreneurs in an organized way.2. He brought a unique style to everything he did. 3. He called his course Manufacturing, but it was really his philosophy of life and of business.4. At Harvard, Doriot became a Yoda-like figure, dispensing wisdom to an ever-growing group of disciples.5. He got me motivated to start a business.6. A real courageous man is a man who does something courageous when no one is watching him. 7. If any information is to be exchanged over whiskey, let us get it rather than give it. 8. You will get nowhere if you do not inspire people.9. Always remember that someone somewhere is making a product that will make your product obsolete.10. Decades before economists appreciated the value of technology, Doriot realized that innovation was t

[00:00:00] It wasn't until the second half of the 20th century that venture financing became a professional, large-scale industry. And the man who led that transformation was George Dorio. I can't recall exactly when I first came across the name of General George Dorio, but I do know that in 2002, when I looked into the sparse literature on the history of venture capital, his name kept popping up. I found a bunch of newspaper and magazine profiles, a chapter on him in a book or two, and a short film, but no full-length biography. He is the founder of the modern VC industry, but there's been…

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