Voices of Minnesota

Oral History Interview with Alan K. Ruvelson

DATE: July 12, 1999


Alan K. Ruvelson was the founder (1959) and president of First Midwest Capital Corporation, one of the first venture capital companies in the U.S. and the nation’s first Small Business Investment Company. He served at various times as president of First Midwest Ventures, Inc., president of NASBIC (National Association of Small Business Investment Companies), president of Midwest RASBIC (Midwest Regional Association of Small Business Investment Companies), and chairman of the Minnesota Chamber of Commerce and Industry. He died in 2009. Subjects discussed include: role as a leading venture capitalist; early beginning of venture capitalism; work as regional field advisor and chair of regional advisory group for Small Business Administration; Small Business Investment Company program, experiences working under the SBIC program; beginnings, early investments, organizational structure, and demise of First Midwest Capital Corporation; how companies were chosen to invest in; partnerships between venture capital companies; leadership of an early leveraged buyout.

LENGTH OF INTERVIEW: 2 hours 5 minutes

TRANSCRIPT: 30 pages