2017

Stories related to "Finance". http://www.chicagobooth.edu/magazine/spring-2017/rss

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On the Ball

David Han, ’02, CEO and cofounder of Yao Capital, long dreamed of starting his own private equity shop. It’s unlikely, however, that he initially envisioned that that venture would pair him with NBA Hall of Fame basketball player Yao Ming, one of the tallest men ever to play in the National Basketball Association. Yet in January 2016—along with close Booth friend and Yao Ming’s longtime business partner, Erik Zhang—Han cofounded Yao Capital with the renowned Chinese sports icon. Their firm focuses on investments in the sports industry in China and around the globe. Considering that Yao is seven feet six and Han more the height of a point guard, the two men would be quite a mismatch in a game of one-on-one hoops. When it comes to investing, they just might be the ideal teammates.<br/><br/>Promising early Yao Capital deals involving the world’s leading kickboxing league, a booming North American sports nutrition company, and a fast-growing auto-racing championship featuring 140-miles-per-hour electric cars have put a smile on Han’s face. “We’ve made very good investments in the early stages, in and out of China,” he said, sitting in a sunny conference room of Yao Capital’s 10th-floor offices in central Shanghai. “We’re in the right time and the right place. And so far, it’s on the right track.

conversations

CAN Do Attitude

Let’s say that you are a smart, driven entrepreneur with a groundbreaking idea to revolutionize food packaging and eliminate all those Styrofoam containers littering the landfill. You’ve got a patent. You’ve got passion. What you don’t have is money. Plus you are in Europe, where early-stage investing tends toward the risk averse. What to do? If you are startup ValueForm and your CFO is Mandar Kulkarni, ’10 (EXP-15), you put your pitch together and take it to CAN, the Chicago Angels Network in London. Founded in 2012 by Shehreyar Hameed, ’05; Jonathan Weiss, ’00, MD ’01; and Rama Veeraragoo, ’12 (EXP-17), the global network of domain experts, mentors, and angel investors gives Booth graduates a chance at early-stage investment opportunities with entrepreneurial startups and extends the school’s commitment to innovation. In early 2012, Hameed had started investing in startups, and developed the idea of CAN to provide access to compelling investment opportunities to the Booth alumni network in London, elsewhere in Europe, and globally. “I wanted to invest and help entrepreneurs harness our strong, global, and diverse network of deep domain expertise to build successful businesses,” said Hameed, a senior financial professional based in London. “Hence the motto, ‘Engage! Mentor! Invest!’ It’s about setting young companies on the right path and opening doors for them. That’s where the real value comes from.”<br/>

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Chicago-style Economics in China

Qi Bin, ’97, has spent nearly two decades at the heart of China’s market liberalization. When he came to Booth, he decided to pursue an MBA over a PhD. “I believed that China someday would have to build a more advanced economic system,” said Qi, now Executive Vice President of the 10-year-old China Investment Corporation (CIC), the country’s sovereign wealth fund with more than $200 billion in registered capital and $810 billion in domestic assets. “Modern China would need people who understand free-market economics, and I could be one of them.”

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An Array of Talents

“Coming from an entrepreneurial family, I knew I would be starting companies,” said Shruti Gandhi, ’12. And in 2015, Gandhi founded a San Francisco–based venture capital firm, Array Ventures. While completing her undergraduate degree in computer science at Marist College, Gandhi worked full time at IBM as a software engineer, and she earned an MS in computer science from Columbia University. At Booth, Gandhi discovered a passion for venture capital, landing in venture capital roles after graduation, including at Silicon Valley–based True Ventures and Samsung’s Early Stage Fund in the Bay Area. Chicago Booth Magazine connected with Gandhi to discuss her passion for startups and the edge her Booth experience gives her in the high-stress world of venture capital.

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This is Working for Me: Heather Brilliant, ’05

A financial whiz who studied economics at Northwestern, Heather Brilliant, ’05, worked full time as an equity analyst while attending Booth’s Evening MBA Program. After rising to the role of Morningstar’s global director of equity and corporate credit research, Brilliant moved from Chicago to Sydney in 2014 to take the role of CEO of Morningstar Australasia. Brilliant is passionate about Morningstar’s mission to help investors reach their financial goals. “Whether we are working with advisers, asset managers, or directly with an investor, we always have the end investor in mind as true north, guiding our decision making.”