Topic summary
Venture capital firm
Extracted from the Wikipedia article Venture capital.
Early venture capital and the beginning of Silicon Valley
The growth of the venture capital industry was fueled by the emergence of the independent investment firms on Sand Hill Road, beginning with Kleiner Perkins and Sequoia Capital in 1972. Located in Menlo Park, California, Kleiner Perkins, Sequoia and later venture capital firms would have access to the many semiconductor companies based in the Santa Clara Valley as well as early computer firms using their devices and programming and service companies. Kleiner Perkins was the first venture capital firm to open an office on Sand Hill Road in 1972.