History
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and venture capital |
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Early history |
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The firm was founded in 1979 by Craig Burr, William P. Egan, and Dr. Jean Deleage, Ph.D. Burr and Egan had worked together at the pioneering private equity firm TA Associates. Deleage had come from Sofinnova Partners, a venture capital firm in France that he had co-founded in 1971. In 1976, Deleage had founded Sofinnova’s US affiliate, based in San Francisco. At its zenith the company managed over $700 million in assets and today is the direct predecessor of four venture capital firms with aggregate capital in excess of $5.7 billion:
- Polaris Venture Partners based in Waltham, Massachusetts
- Alta Partners based in California
- Alta Communications based in Boston
- Alta Berkeley Capital based in London.
Among BEDCO’s most notable investments were Continental Cablevision with H. Irving Grousbeck, Qwest with Philip Anschutz, Cephalon, American Superconductor and SyQuest Technology.
Read more about this topic: Burr, Egan, Deleage & Co.
Famous quotes containing the word history:
“All things are moral. That soul, which within us is a sentiment, outside of us is a law. We feel its inspiration; out there in history we can see its fatal strength.”
—Ralph Waldo Emerson (1803–1882)
“Yet poetry, though the last and finest result, is a natural fruit. As naturally as the oak bears an acorn, and the vine a gourd, man bears a poem, either spoken or done. It is the chief and most memorable success, for history is but a prose narrative of poetic deeds.”
—Henry David Thoreau (1817–1862)
“Don’t you realize that this is a new empire? Why, folks, there’s never been anything like this since creation. Creation, huh, that took six days, this was done in one. History made in an hour. Why it’s a miracle out of the Old Testament!”
—Howard Estabrook (1884–1978)