American Research & Development Corporation

American Research & Development Corporation (ARD) was an American investment firm founded in Boston in 1946. Considered the first modern venture capital firm in the United States, the firm set industry precedents by combining institutional capital with professional selection and oversight of early-stage ventures.

American Research & Development Corporation - Wikipedia Jump to content From Wikipedia, the free encyclopedia American venture capital firm Not to be confused with Research Corporation or RAND . American Research & Development Corporation Type Public Traded as NYSE : ARD Industry Venture capital Founded June 6, 1946 ; 80 years ago ( 1946-06-06 ) Founders Karl Compton Ralph Flanders Georges Doriot Defunct 1976 Fate Merged with Textron (1972) Headquarters Old John Hancock Building , Boston, Massachusetts , United States Area served United States Key people Georges Doriot (president) Henry Hoagla

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