Armory Square Ventures and the Evolution of Tech and Venture Capital
Reflections from Skaneateles, New York
Revisiting the Legacy of French-American VC Georges Doriot
On June 12, 2018, Armory Square Ventures (ASV), our early-stage, institutional venture capital fund, held its fourth annual meeting at the Skaneateles Country Club. Where is Skaneateles, you might ask? It’s in Upstate New York on Skaneateles Lake, a 15-mile long stretch of water known for being one of the most pristine in the country. The town is a half-hour drive from downtown Syracuse, and Armory Square, where ASV’s Upstate New York office is based.
As part of our meeting, we highlighted the evolution of our VC fund and three of our portfolio companies — and their early successes. We also heard from Spencer Ante and Sree Sreenivasan, two venerated reporters, to better understand ARD (American Research and Development), another early-stage venture fund that pioneered innovations which shaped the industry indelibly. The man, Georges Doriot, a popular Harvard Business School professor and engineer who conceived it in 1946, remains under-appreciated in good measure.
Doriot’s experience reflects how some of the greatest returns to investors and our society often emerge from early stage investments. His principles on cultivating entrepreneurs to grow new companies have influenced our own investment practices across New York State and other emerging startup hubs. Over the coming weeks, we will share more of our insights—so stay tuned.
In the interim, we hope you enjoy the remaining days of summer. As Doriot might have said, do not forget your sunscreen. (He developed and launched the product during his service as General in the US Army during WWII).
Until then, all the very best from the ASV team.
Also, follow us at @armorysv and #goodlifeupstate and watch the first of a few clips we taped that day.