Management Hall of Fame
Most Respected Management Gurus
Capital & The Silicon Valley (1926 - Present)
Arthur Rock is the man credited with coining the term "venture capital."
Without his work, there probably would have been no information
revolution, no silicon valley or even a venture capital industry. He
is a venture capitalist of Silicon Valley, California. He was an early
investor in major firms including Intel, Apple Computer, Scientific Data
Systems and Teledyne.
- The first venture capitalist (VC) operating on the West Coast of the
- Organized the funding that got the computer revolution under way
when he helped eight researchers break out from William Shockley's
laboratories to found Fairchild Semiconductors.
- Rounded up financing for some of the biggest companies in Silicon
Valley, including Intel and Apple.
- Founds the firm of Davis and Rock which dissolved after a seven-year
- Eugene Kleiner, one of the original "Fair children," later went on
to found the VC firm Kleiner Perkins. Many others follow Arthur Rock VC
- Forms Arthur Rock & Associates
- Director of Air Touch Communications.
- He graduated with a Bachelor's degree in business administration
from Syracuse University in 1948 and earned an MBA from Harvard Business
School in 1951.
- Rock started his career in 1951 as a security analyst in New York
City, and then joined the corporate finance department of Hayden, Stone
& Company, where he focused on raising money for small high-technology
- After graduating from Harvard, he worked as an investment banker in
- In 1957, when the Traitorous Eight left Shockley Semiconductor
Laboratory, Rock was the one who helped them find Sherman Fairchild to
start Fairchild Semiconductor.
- In 1961, he moved to California. Along with Tommy Davis, they formed
the San Francisco venture capital firm Davis & Rock.
- In 2003, Rock donated $25 million to the Harvard Business School to
establish the Arthur Rock Center for Entrepreneurship.
Rock's Law, named for Arthur Rock, says that the cost of a
semiconductor chip fabrication plant doubles every four years. As of
2003, the price had already reached about 3 billion US dollars. The
semiconductor industry has always been extremely capital-intensive, with
very low unit manufacturing costs. Thus, the ultimate limits to growth
of the industry will constrain the maximum amount of capital that can be
invested in new products
Books and References
- Interview with Rob Walker on November 12, 2002 as part of The
Silicon Genesis Project with Stanford University
- Harvard Business School (2003-01-31). Harvard Business School
Receives $25 Million from Venture Capitalist Arthur Rock. Press
release. Retrieved on 2007-05-07.
- Arthur Rock. HBS Bulletin Online. Retrieved on 2007-05-07.
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