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Former employees of ARDC went on to found several prominent venture capital firms including Greylock Partners and Morgan, Holland Ventures, the predecessor of Flagship Ventures. ARDC continued investing until 1971 with the retirement of Doriot. In 1972, Doriot merged ARDC with Textron after having invested in over 150 companies...
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In 1972, Doriot merged ARDC with Textron after having invested in over 150 companies.
Venture capital and The Growth of Silicon Valley
During the 1960s and 1970s, venture capital firms focused their investment activity primarily on starting and expanding companies. More often than not, these companies were exploiting breakthroughs in electronic, medical or data-processing technology...
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