Word: patricof
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Dates: during 1980-1989
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...highly competitive world marketplace. Neither Europe nor Japan has a strong tradition of adventurous small businessmen starting up their own firms, and neither has matched the American record for developing revolutionary new products. Financial backing for such ventures in Europe is more difficult to get. Says Alan J. Patricof, who is forming a British venture-capital fund: "The attitude in Europe has been much more paternalistic. Stories about big killings by 26-year-olds just aren't known...