"In the 50's and early 60's, they didn't call it venture capital," says Reid Dennis, the founder of Institutional Venture Partners, a firm with nearly $3 billion in committed capital. "They called it a special situation," he jokes.
Dennis, who made his first investment in October 1952 in Ampex, a company that produced an early version of a tape recorder, is one of several venture capitalists and entrepreneurs to be interviewed in Something Ventured, a new documentary film that explores the origins of the venture capital industry—told through first person accounts from the men that helped shape it, including Arthur Rock (who funded Fairchild Semiconductor, Intel, Apple and Teledyne), Tom Perkins (founder of Kleiner Perkins Caufield & Byers), Bill Draper (founder of Sutter Hill Ventures) and Reid Dennis.
To read the full, original article click on this link: Then and Now: Venture Capital | Inc.com
Author:Eric Markowitz
