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Question 1
Answer
Standard Oil
John D. Rockefeller and his partners incorporated Standard Oil in Cleveland in January 1870, when the city's rail and lake access made it the refining capital of the world. Cleveland was a startup hub before the term existed.
Question 2
Answer
$355 million
Georges Doriot's American Research and Development Corporation turned roughly $70,000 into about $355 million, a return of more than 5,000 times. One outlier paid for everything, and venture's power law was born.
Question 3
Answer
Bessemer Venture Partners
Bessemer's Anti-Portfolio openly lists the deals it turned down, from Apple and eBay to Google, Facebook, and Airbnb. Every pass looks obvious in hindsight, which is exactly why rooms like VC Fest exist.
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