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Exit Interview: Lita Nelsen on MIT Tech Transfer, Startups & Culture


What, I think, is the first technology-based, early-stage venture capital fund anywhere, American Research and Development , was founded between Georges Doriot at Harvard Business School and Karl Compton, who was president of MIT at the time. I don’t know if it was their first investment, but they invested $75,000 in a researcher named Ken Olsen, at MIT. [ Editor’s note: This is part of a series of stories examining entrepreneurship on MIT’s campus and beyond. ].