TL;DR - ARD made waves as the first recognized modern venture capital firm in the US.

Helpfulness - 3

Tags - ARD, Georges Doriot, venture capital, Harvard Business School

Questions answered:

  • What inspired the push to modern VC in the US?
  • What entities preceded VC firms in financing private companies?
  • Who were prominent figures at ARD?
  • What were the notable investments in ARD’s portfolio


  • ARD (American Research and Development Corps) showed consistent gains by 1955.
  • ARD offered businesses financial support in addition to management support.
  • Doriot championed the idea that the right people are more important than money in terms of entrepreneurship.

Follow up links: