He Co-Founds Digital Equipment Corporation in 1957
In 1957 he co-founds Digital Equipment Corporation with Ken Olsen, his long time co-worker and boss at M.I.T. Digital brought to the commercial world many of the computer features that had been pionered in the military work at M.I.T. such as man machine interaction, video screens, time sharing and communications in real time. In addition the companies products were among the first to use transistors. The companies spectacular growth (without acquisitions) at its peak made it the second largest computer company in the world after I.B.M. It became the first home run of venture capital, reflecting the initial $70,000 investment of American Research and Development Corporation which grew to a value of $400,000,000.