The Secret History of Silicon Valley 11: The Rise of “Risk Capital.
Steve Blank
OCTOBER 26, 2009
Reply Allen Smith , on October 26, 2009 at 12:29 pm Said: The first VC were indeed from the Boston area but they predated Doriot by more than 100 years. When he returned to Boston he put together a business plan to build a water powered mill that required a $400k investment – $100k for the factory and $300k for start-up costs.
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