Do People Matter in Venture Capital and Private Equity?
April 30, 2008: 6:00 PM - 8:15 PM
Chicago GSB East Coast Regional Office presents Professor Steven N. Kaplan and his talk on "Do people matter in venture capital and private equity? How do they matter when they matter?"
The Midtown Executive Club
40 West 45th Street
New York, New York
Driving Directions: Map and Directions
6:00 PM-7:00 PM: Reception
7:00 PM-8:15 PM: Presentation and Q&A
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Professor Kaplan will present the results of his recent research.
First, he will address a long standing debate among venture capitalists (VCs): should you bet on the jockey (the management team) or the horse (product/market/opportunity) when selecting an investment?
Second, while there are many anecdotes or stories about what CEO abilities and talents lead to strong performance, there is almost no systematic, large sample, empirical work on which abilities and talents really matter. Professor Kaplan will discuss the results of his research that uses a new data set to address those questions.
Steven N. Kaplan (Speaker)
Neubauer Family Professor of Entrepreneurship and Finance, Chicago GSB
Steven Neil Kaplan conducts research on issues in private equity and entrepreneurial finance, corporate governance, mergers and acquisitions, and corporate finance. He has published papers in a number of academic and business journals. He has testified to the U.S. Senate Finance Committee and the U.S. House Financial Services Committee about his research. Kaplan is a research associate at the National Bureau of Economic Research and an associate editor of the Journal of Finance and the Journal of Financial Economics.
Kaplan teaches advanced MBA and executive courses in entrepreneurial finance and private equity, corporate financial management, corporate governance, and wealth management. He has been one of the top-rated teachers at the GSB in BusinessWeek's bi-annual surveys since 1992. BusinessWeek named him one of the top 12 business school teachers in the country.
Kaplan serves on the board of directors of Accretive Health, Columbia Acorn Funds, and Morningstar. He also serves as a director of the Illinois Venture Capital Association and the University of Chicago Laboratory Schools, and as the academic dean of the Kauffman Fellows Program, an educational and mentoring program for new venture capitalists. He has been a member of the faculty since 1988.
He received his AB, summa cum laude, in Applied Mathematics and Economics from Harvard College and earned a PhD in Business Economics from Harvard University.