Georges Doriot

The man who is considered the father of the modern venture capital system was a frenchman named Georges Doriot. The former World War One Artillery Officer decided to immigrate to America in the 1920s. He would end up teaching business at Harvard for 40 years.

During the Second World War he was brought into the American Army and made his way to Brigadier General in the Quatermaster Corps. Here he would develop ideas into creating research programs to improve the soldiers quality of life. His dream would finally be implemented when the United States Army opened its research facilities in Natick, Massachusetts.

After the war he would develop the system used now to seed businesses, prior to that point wealthy individuals would supply money to entrepreneurs.