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Section 4 | Lesson 23 - VC History is Crucial to Review

Links

Notes

Venture Capital History

Cold War

  • fear of Soviet Union Communism led to creation of Venture Capitalism

  • US invested in weapons technologies

    • database was created by Oracle on behalf of the CIA
    • GPS for missile technology
    • Palantir (largers employer in Palo Alto) financed by CIAs VC division

Peace Movement

  • San Francisco youth rebelled

    • Berkely
    • Stanford
  • Stanford got rid of all weapons research
  • Stanford allowed students and teachers to create business models and make money