Georges Doriot's grand experiment in venture capital had just notched a third straight year in the red.
It was 1949. The Frenchman-turned-American headed American Research & Development, a unique company at the time.
It had invested in 13 firms ranging from a shrimp processor to a developer of water filter membranes to a maker of household furnaces based on jet-engine technology.
To read the full, original article click on this link: Frenchman-Turned American Doriot Persevered To Help Launch The Modern Venture Capital Industry - Investors.com
