While fans of the show Silicon Valley might not have much regard for the role of venture capital in technological innovation, the reality is that venture capitalists do more than act as ATMs for startups. They provide crucial business, marketing, and legal expertise, all of which are necessary to actually get a product to market.

But while venture capital might seem obvious to us today, it was a radical idea in the mid-20th century. Paul interviews Spencer Ante about his biography of the founding father of venture capital, Georges Doriot, a French immigrant who revolutionized the way startups are funded.

What is the relationship between venture capital and start-up owners? Who was Georges Doriot and how did he change the world of venture capital? How is venture capital regulated by the SEC? What barriers do venture capitalists face?

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