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American Research and Development Corporation (ARDC) was a venture capital and private equity firm founded in 1946 by Georges Doriot, Ralph Flanders, Merrill Griswold, and Karl Compton.
ARDC is credited with the first major venture capital success story when its 1957 investment of $70,000 in equity ("70% of the company") and approximately $2 million in loans in Digital Equipment Corporation (DEC) became valued at many times the amount invested after the company's success after its initial public offering in 1966.
ARDC continued investing until 1971 with the retirement of Doriot. In 1972, Doriot merged ARDC with Textron after having invested in over 150 companies.
referencePosted on 26 Sep 2024, this text provides information on Miscellaneous in Academic & Science related to Academic & Science. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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