VentureSouq and VC’s Growing Role in Sustainability

By Erika Masako Welch,19 January 2023
VentureSouq and VC’s Growing Role in Sustainability
VentureSouq and VC’s Growing Role in Sustainability

Venture Capital (VC) is a relatively young form of investing, being an asset class largely legitimized in the 1970s. VC is a type of funding provided to startups which often don’t have access to bank loans due to their risky nature; thus, VC provides this riskier capital, for a startups’ high growth potential with above-average returns and partial ownership. Its development can be credited to Georges Doriot, a pioneer in the field and the “father of venture capital”, who formed the first modern VC firm back in 1946: the American Research and Development Corporation (ARDC). Doriot formed ARDC with his colleagues: MIT President, Karl Compton; Massachusetts Investors Trust chairman, Merrill Griswold; and Federal Reserve Bank of Boston president, Ralph Flanders. ARDC’s first investment of US$70,000 was in 1957

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