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American History 1988

``` Debt, economic decline, immigration; hippies, anti-government, freedom. At the end of the 1980s, a wave of change encompassed a country boy from the Rust Belt. As the gate for upward mobility was on the verge of closing, he struggled to move forward. College, Silicon Valley, entrepreneurship; HP, Apple, Microsoft. To become part of the 1%, or even 0.1%, he sacrificed a lot, but also gained a lot. ```

Quiet thoughts · Urbano
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418 Chs

Chapter 199: Your Name Is Added to My List of Favors

Arthur Lock, as one of Silicon Valley's first generation venture capitalists, once formed the Davis-Lock venture capital fund with Tommy Davis.

This renowned fund was the angel investor for companies like Fairchild and Intel, where they invested a total of 3 million dollars over seven years and earned back one hundred million US Dollars for their backers.

Despite the fund's success and a steady stream of financiers knocking at their door, it was disbanded as early as 1968.

The reason was that Lock was difficult to get along with, and new partners were unwilling to work with him.

Even his old partner Tommy Davis declined Arthur Lock's request to cooperate again after the fund was liquidated.

He was too arrogant, sometimes so unreasonable that he could not tolerate others' questioning.

After parting ways with him, Tommy Davis established the Mayfield venture capital firm.

Yes, that's the same Mayfield that jumped ship during Byte Company's lawsuit.