Getting “Patient Capital” for Firms in “Infancy and Childhood”—Venture Capital Financing

  • Jiazhuo G. WangEmail author
  • Juan Yang


When George Doriot founded the first institutional private equity investment firm, the American Research and Development Corporation, as one of the world’s first two venture capital (VC) firms in 1946, he helped create an entirely new method of financing technology start-ups.


Venture Capital Initial Public Offering Private Equity Venture Capital Investment Venture Capital Firm 
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Copyright information

© Springer Science+Business Media Singapore 2016

Authors and Affiliations

  1. 1.School of Business, College of Staten IslandCity University of New YorkStaten Island, New YorkUSA
  2. 2.HSBC Business SchoolPeking UniversityShenzhenChina

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