BANKING AFFAIRS

Detailed explanation-1: -In 1972, Doriot merged ARDC with Textron after investing in over 150 companies. For his role in the founding of ARDC Doriot is often referred to as the “father of venture capitalism".

Detailed explanation-2: -It was not until after World War II that what is considered today to be true private equity investments began to emerge marked by the founding of the first two venture capital firms in 1946: American Research and Development Corporation. (ARDC) and J.H. Whitney & Company.

Detailed explanation-3: -The correct answer is A long-term start-up capital provided to new entrepreneurs. It is a type of private equity provided by wealthy investors to small business companies that are believed to have long-term growth potential.

Detailed explanation-4: -Venture capital (VC) is a form of private equity and a type of financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential. Venture capital generally comes from well-off investors, investment banks, and any other financial institutions.

Detailed explanation-5: -Venture capital, as an industry, originated in the United States, and American firms have traditionally been the largest participants in venture deals with the bulk of venture capital being deployed in American companies.