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Josh Lerner


Josh Lerner

Josh Lerner is the Director of the PCRI and Jacob H. Schiff Professor of Investment Banking at Harvard Business School, with a joint appointment in the Finance and the Entrepreneurial Management Areas. He graduated from Yale College with a Special Divisional Major that combined physics with the history of technology. He worked for several years on issues concerning technological innovation and public policy, at the Brookings Institution, for a public-private task force in Chicago, and on Capitol Hill. He then earned a Ph.D. from Harvard's Economics Department. 

Much of his research focuses on the structure and role of venture capital and private equity organizations. (This research is collected in three books, The Venture Capital Cycle, The Money of Invention, and Boulevard of Broken Dreams.) He also examines policies towards innovation, and how they impact firm strategies. (The research is discussed in the books Innovation and Its Discontents, The Comingled Code, and the forthcoming Architecture of Innovation.) He co-directs the National Bureau of Economic Research’s Productivity, Research, and Innovation Program and serves as co-editor of their publication, Innovation Policy and the Economy. He founded and runs the Private Capital Research Institute, a non-profit devoted to encouraging data access to and research about venture capital and private equity.

In the 1993-94 academic year, he introduced an elective course for second-year MBAs on private equity finance. In recent years, “Venture Capital and Private Equity” has consistently been one of the largest elective courses at Harvard Business School. (The course materials are collected in Venture Capital and Private Equity: A Casebook, now in its fifth edition, and the textbook Private Equity, Venture Capital, and the Financing of Entrepreneurship.) He also teaches a doctoral course on entrepreneurship and in the Owners-Presidents-Managers Program, and organizes executive courses on private equity in Boston and Beijing. He is the winner of the Swedish government’s 2010 Global Entrepreneurship Research Award and has recently been named one of the 100 most influential people in private equity over the past decade by Private Equity International magazine.


Leslie Jeng

Leslie Jeng

Leslie Jeng is Director of Research of the Private Capital Research Institute. She has been with the PCRI since its inception. In addition, she is an Adjunct Lecturer at the Harvard Kennedy School of Government. From 1998-2001, Leslie was an assistant professor of Finance and Economics at Boston University School of Management. Her areas of interests are Corporate Finance, Financial Institutions and Regulation, International Finance, and Public Policy. Her publications include “The determinants of venture capital funding:  An empirical analysis,” Journal of Corporate Finance 2000 and “Estimating the Returns to Insider Trading: A Performance-Evaluation Perspective,” The Review of Economics and Statistics 2003. Also, Leslie has worked in investment banking at Goldman Sachs and quantitative investment research at Arrowstreet Capital. Leslie received her BS and BA degrees in Finance and Mathematics from the Wharton School/University of Pennsylvania and her PhD in Business Economics from Harvard University. 


Yiqiu Zhou

Yiqiu Zhou

Yiqiu Zhou joined the PCRI in June 2016. She received her undergraduate degree in Finanical Economics with a minor in Philosphy at Southern Methodist University. In 2016, she completed her Masters Degree in Economic at Boston University.



Ben Boventer

Benjamin Boventer

Ben joined the PCRI in March of 2015 and holds an undergraduate degree from Tufts University with a dual concentration in Economics and Music. He previously worked for State Street, where he provided technical support for financial reporting teams.

Abhishek Dev

Abhishek joined the PCRI in May 2017. He graduated from Bard College and holds undergraduate degrees in Economics & Finance and Biology.

 
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