Ken Olsen

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In 1957, Ken Olsen and an MIT colleague, Harlan Anderson, decided to start their own firm. They approached American Research and Development Corporation, an early venture capital firm, which had been founded by Georges Doriot, and founded Digital Equipment Corporation (DEC). In the 1960s, Olsen received patents for a saturable switch, a diode transformer gate circuit, an improved version of magnetic core memory, and the line printer buffer. (Note that MIT professor Jay W. Forrester is generally credited with inventing the first practical magnetic core memory).

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