Benno Schmidt, Sr. , (left) at the White House in 1973 with (left to right) President Richard Nixon, Dr. See also Executive Office of the President of the United States The White House, formerly known as the Executive Mansion, is the Official residence R. L. Clark (M.D. Anderson Cancer Center), and Dr. Robert A. Good. The University of Texas M D Anderson Cancer Center is one of the nation's original three comprehensive Cancer centers established by the National Cancer Act of 1971 Robert Alan Good ( May 21 1922 – June 13 2003) was an American Physician who performed the first successful human

Benno C. Schmidt, Sr. (January 10, 1913 – October 21, 1999) was an American lawyer and venture capitalist who was active in New York City civic affairs and played an important role in the initiation of the War on Cancer. Events 49 BC - Julius Caesar crosses the Rubicon, signaling the start of civil war. Year 1913 ( MCMXIII) was a Common year starting on Wednesday (link will display the full calendar of the Gregorian calendar (or a Common Events 1512 - Martin Luther joins the theological faculty of the University of Wittenberg. Year 1999 ( MCMXCIX) was a Common year starting on Friday (link will display full 1999 Gregorian calendar) The United States of America —commonly referred to as the Venture capital (also known as VC or Venture) is a type of Private equity capital typically provided to immature high-potential growth companies The City of New York ^[1]

Born in Abilene, Texas, Schmidt was educated at the University of Texas, where he received both his A. Abilene ( "ABBA-leen") is a city in Jones and Taylor Counties in the central part of the U B. and L. L. B. degrees in 1936. In 1946 he became a partner and in 1959 the managing partner in Jock Whitney's venture capital firm J. John Hay Whitney ( August 27, 1904 - February 8, 1982) colloquially known as "Jock" Whitney was U Venture capital (also known as VC or Venture) is a type of Private equity capital typically provided to immature high-potential growth companies H. Whitney & Co. ^[2]

Schmidt is credited with coining the term "venture capital" to describe the area of providing early or "seed" capital to aspiring entrepreneurs. ^[3] The term was a shortening of the word "adventure". Schmidt's successful initiatives at J. H. Whitney & Co. included acquiring an early stake in Minute Maid orange juice. Minute Maid is a product line of beverages, usually associated with Lemonade or Orange juice, but now extends to Soft drinks of many kinds including ^[1]

Schmidt, Sr. , served on the boards of Memorial Sloan-Kettering Cancer Center and CBS, among others. Memorial Sloan-Kettering Cancer Center (MSKCC is a Cancer treatment and research institution founded in 1884 as the New York Cancer Hospital. CBS Broadcasting Inc ( CBS) is an American radio and Television network. He was a trustee of the Whitney Museum of American Art. The Whitney Museum of American Art, often referred to simply as "the Whitney" harbors one of the most important collections of 20th century American art ^[4]

Schmidt had five sons, including Benno C. Schmidt, Jr., who was President of Yale University and Dean of Columbia Law School. Benno C Schmidt Jr is a former president of Yale University, where he served from 1986 to 1992 as the university's sixteenth president Columbia Law School, located in New York City, is one of the professional schools of Columbia University, a member of the Ivy League.

Schmidt died from heart failure in October 1999 at the age of 86. ^[4]

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