Doriot Quote Of The Day

"some of our friends began to say "Oh, Lord, not another longhair project. Why doesn’t ARD back something commercial and make some money? We learned our lesson. Now we realize that our best things are longhair".

Merrill Griswold, a Director of ARD, as said to a Fortune reporter

Although Doriot didn’t say this, I had to include this in the daily quotes from the book. This is one of my all time favorite quotes about venture capital.