Modern era private equity, however, is credited to Georges Doriot, the " father of venture capitalism " with the founding of ARDC and founder of INSEAD, with capital raised from institutional investors, to encourage private sector investments in businesses run by soldiers who were returning from World War II.

ARDC is credited with the first major venture capital success story when its 1957 investment of $ 70, 000 in Digital Equipment Corporation ( DEC ) would be valued at over $ 355 million after the company's initial public offering in 1968 ( representing a return of over 500 times on its investment and an annualized rate of return of 101 %).

Along with the transfer, SAC acquired the three ARDC base organizations and responsibility for attaining initial operational capability ( IOC ) for the nascent U. S. missile force.

The seeds of the US private equity industry were planted in 1946 with the founding of two venture capital firms: American Research and Development Corporation ( ARDC ) and J. H.

ARDC was founded by Georges Doriot, the " father of venture capitalism " ( former dean of Harvard Business School and founder of INSEAD ), with Ralph Flanders and Karl Compton ( former president of MIT ), to encourage private sector investments in businesses run by soldiers who were returning from World War II.

ARDC continued investing until 1971 with the retirement of Doriot.

In 1972, Doriot merged ARDC with Textron after having invested in over 150 companies.

The replacement of ARDC with AFSC resulted in significant changes for AFSWC, but there were many adjustments that did not result solely from the change in command.

This was fine for the ATCC races, but the Bathurst 1000, run by the ARDC, had a TV deal with Seven Network ( who had televised the race since in its inception at Bathurst in 1963 ) going forward into the 21st century.

The 4935th Air Base Squadron was activated to operate the base in accordance with ARDC General Order No. 39 on 16 July 1952.

He returned to his “ outlaw ” past when he was named the president of the newly formed American Racing Drivers Club ( ARDC ).

It was subsequently reduced to an operating agency level, losing its major command status, and was incorporated within the framework of the new Air Research and Development Command ( ARDC ), which had been established in September 1950 as a major command devoted to R & D.

Space launches were to be conducted by ARDC and SAC.

The Division was assigned to Air Force Ballistic Missile Division ( AFBMD ) in Inglewood, which in turn reported to Air Research and Development Command ( ARDC ) at Andrews AFB, Maryland.

ARDC took up the spacetrack mission in late 1959 and in April 1960 set up the Interim National Space Surveillance Control Center at Hanscom Field, Massachusetts, to coordinate observations and maintain satellite data.

In August 1951 the base became an auxiliary field and in July 1952 transferred from Air Training Command ( ATC ) to the Air Research and Development Command ( ARDC ), reporting to the Air Force Special Weapons Center at Kirtland AFB in Albuquerque, New Mexico.

The Air Force transferred management responsibilities for Cooke AFB from ARDC to the Strategic Air Command ( SAC ) on January 1, 1958.

Former employees of ARDC went on and established several prominent venture capital firms including Greylock Partners ( founded in 1965 by Charlie Waite and Bill Elfers ) and Morgan, Holland Ventures, the predecessor of Flagship Ventures ( founded in 1982 by James Morgan ).

Facilities located on the island include Otis Bantum Correctional Center ( OBCC ), Robert N. Davoren Complex ( RNDC, formerly ARDC ), Anna M. Kross Center ( AMKC ), George Motchan Detention Center ( GMDC ), North Infirmary Command ( NIC ), Rose M. Singer Center ( RMSC ), Eric M. Taylor Center ( EMTC, formerly CIFM ), James A. Thomas Center ( JATC ), George R. Vierno Center ( GRVC ) and West Facility ( WF ).

Kirtland AFB became an ARDC facility on 1 April 1952.

If you file a Form 1040, you should indicate in the place provided that there is an overpayment of tax and the amount you want refunded and the amount you want credited against your estimated tax.

The suburban branch is thereby credited with a sale which would have been made even if its glass doors had never opened.

One of the greatest Homerists of our time, Frederick M. Combellack, argues that when it is assumed The Iliad and The Odyssey are oral poems, the postulated single redactor called Homer cannot be either credited with or denied originality in choice of phrasing.

He is credited with setting up an annual co-operative fire prevention program in co-operation with the Red Cross and State Department of Education.

In Nassau County, for example, the heavily settled Long Island suburb of New York City, the system is credited by the state with serving one million persons, a figure that has doubled since 1950.

With the Prior Analytics, Aristotle is credited with the earliest study of formal logic, and his conception of it was the dominant form of Western logic until 19th century advances in mathematical logic.

The alchemist Robert Boyle is credited as being the father of chemistry.

Ray Charles is credited with the song's most well known rendition in current times ( although Elvis Presley had success with it in the 1970s ).

He is the so-called " Mad Arab " credited with authoring the imaginary book Kitab al-Azif ( the Necronomicon ), and as such is an integral part of Cthulhu Mythos lore.

( Rothbard is credited with coining the term " Anarcho-capitalism ").

Doubleday is often mistakenly credited with inventing baseball, although he never made such a claim, and there is no evidence to support it.

Eli Whitney is sometimes credited with developing the armory system of manufacturing in 1801, using the ideas of division of labor, engineering tolerance, and interchangeable parts to create assemblies from parts in a repeatable manner.

The representation of Aphrodite Ourania, with a foot resting on a tortoise, was read later as emblematic of discretion in conjugal love ; the image is credited to Phidias, in a chryselephantine sculpture made for Elis, of which we have only a passing remark by Pausanias.

It is somewhat unusual for directors to be credited co-editors, although the Coen Brothers and Robert Rodriguez have both directed and edited nearly all of their films.

Ambrose is traditionally credited but not actually known to have composed any of the repertory of Ambrosian chant also known simply as " antiphonal chant ", a method of chanting where one side of the choir alternately responds to the other.

) However, Ambrosian chant was named in his honor due to his contributions to the music of the Church ; he is credited with introducing hymnody from the Eastern Church into the West.

St. Ambrose was also traditionally credited with composing the hymn Te Deum, which he is said to have composed when he baptised St. Augustine of Hippo, his celebrated convert.

He is credited with the discovery of the element arsenic and experimented with photosensitive chemicals, including silver nitrate.

Alcaeus ( Alkaios, ) of Mytilene ( c. 620 – 6th century BC ), Greek lyric poet from Lesbos Island who is credited with inventing the Alcaic verse.

The idea and implementation is credited to Seward as Secretary of State, but Johnson approved the plan.

Alfred is particularly credited with the success of this latter battle.

In the text, he is credited with winning the battle of Mount Badon.

Strong oral traditions in the area warned of the importance of moving inland after a quake and is credited with saving many lives.