Doriot Quote Of The Day

I've been reading Creative Capital, Spencer Ante's biography of General Georges Doriot, the father of the modern venture capital business. It's a book that would interest most VCs and probably many entrepreneurs too. The highlight of the book are Doriot's colorful quotes. I posted one to my tumblog earlier and I just decided that I am going to post a Doriot quote everyday on this blog until I run out of them. Here's the first:

A team made up of the younger generation, with courage and inventiveness, together with older men of wisdom and experience, should bring success.

— General Georges Doriot, in the American Research and Development 1949 Annual Report. ARD was the first institutional venture capital firm.