Doriot Quote Of The Day

Our troubles have principally been human ones. People who seemingly showed good potential and who even proved excellent in being able to start something but then do not make the grade later on. But, like a child in school, you don’t – you can’t – let him down just because he flunks in one grade or class. You continue to hope.

Georges Doriot, speaking to ARD shareholders at the 1959 annual shareholders meeting

In this regard, nothing has changed in fifty years of venture capital investing. The more things change, the more they stay the same.