Harvard prof headlines venture capital confab
Venture Capital expert Josh Lerner, Harvard Business School professor of investment banking, and chair of the university's Entrepreneurial Management Unit, will be the keynote speaker at the Development Bank of Jamaica's second annual venture capital conference to be held tomorrow at the Jamaica Conference Centre, downtown Kingston.
Professor Lerner, who has authored The Venture Capital Cycle, The Money of Invention, and Boulevard of Broken Dreams, has focused much of his research on the structure and role of venture capital and private equity organisations. He has also written numerous articles that examine policies on innovation and how they impact the firm.
A member of the National Bureau of Economic Research (NBER), based in Massachusetts, Professor Lerner is a co-director of its Productivity, Innovation, and Entrepreneurship Programme and a co-editor of the NBER's publication, Innovation Policy and the Economy. He founded and runs the Private Capital Research Institute, a non-profit group devoted to encouraging access to data and research about venture capital and private equity, and currently serves as vice-chair of the World Economic Forum's Global Agenda Council on the Future of Investing.
In the 1993-1994 academic year, he introduced the elective Venture Capital and Private Equity, which, for the next two decades, has consistently been one of the largest elective courses for second-year MBA students at Harvard Business School. Additionally, he teaches a doctoral course on entre-preneurship and chairs the Owners-Presidents-Managers Programme and executive courses on private equity.
He has also worked on issues concerning technolo-gical innovation and public policy at the Brookings Institution, for a public-private task force in Chicago, and on Capitol Hill.
Professor Lerner is the winner of the Swedish Government's 2010 Global Entrepreneurship Research Award and has recently been named by Private Equity International magazine as one of the 100 most influential people in private equity over the past decade and as one of the 10 most influential academics in the institutional investing world by Asset International's Chief Investment Officer magazine.
A graduate of Yale College with a special divisional major that combined physics with the history of technology, Professor Lerner earned a PhD from Harvard's Economics Department.