Word: satirev
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Dates: during 1980-1989
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Harvard has gone into real estate and venture capital in trading partnerships with as many as 50 other investors, a handful of them other universities such as MIT, Dartmouth and Stanford. Through the Property Capital Trust (real estate) and a handful of venture capital holding companies (one of them, Satirev, is "Veritas" spelled backwards), the University has essentially handed over several million dollars to professionals and waited for the returns. They have been quite impressive...