DORIOT, George F. and Cecil Eaton Fraser.

Analyzing Our Industries.

Rare First edition of Doriot and Eaton's Analyzing Our Industries

New York and London: McGraw-Hill Book Company, Inc, 1932.

$850.00

Out of Stock Item Number: RRB-114738

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Rare first edition, second impression of this work by the father of venture capitalism, Georges F. Doriot and collaborator Cecil Eaton Fraser. Octavo, original cloth. In excellent condition, bookplate to the pastedown.

Georges F. Doriot was a French-born American venture capitalist. An émigré from France, Doriot became director of the U.S. Army's Military Planning Division, Quartermaster General, during World War II, eventually being promoted to brigadier general. In 1946, he founded American Research and Development Corporation, the world's first publicly owned venture capital firm, earning him the sobriquet "father of venture capitalism." ARDC was the first institutional private equity investment firm that accepted money from sources other than wealthy families although it had several notable investment successes as well. ARDC is credited with the first major venture capital success story when its 1957 investment of $70,000 in Digital Equipment Corporation (DEC) would be valued at over $38 million after the company's initial public offering in 1968 (representing a return of over 500 times on its investment and an annualized rate of return of 101%). In Analyzing Our Industries, Doriot and fellow Harvard alumn Cecil Eaton Fraser explore the importance of industrial trends to both the investor and executive through an in-depth analysis of the aviation, cement, paper, machine tool, rubber, cotton, coal, and petroleum industries.