Josh Lerner

Jacob H. Schiff Professor of Investment Banking
Unit Head, Entrepreneurial Management

Josh Lerner is the Jacob H. Schiff Professor of Investment Banking at Harvard Business School, and head of the Entrepreneurial Management unit. 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.

Josh Lerner is the Jacob H. Schiff Professor of Investment Banking at Harvard Business School, and head of the Entrepreneurial Management unit. 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 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 on innovation and how they impact firm strategies.  (That research is discussed in the books Innovation and Its Discontents, The Comingled Code, and the Architecture of Innovation.)  He co-directs the National Bureau of Economic Research’s Productivity, Innovation, and Entrepreneurship Program and serves as co-editor of their publication, Innovation Policy and the Economy. He founded and runs the Private Capital Research Institute, a nonprofit devoted to encouraging access to data and research about venture capital and private equity, and 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 an elective course for second-year MBAs.  Over the past two decades, “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 Venture Capital, Private Equity, and the Financing of Entrepreneurship.)  He also teaches a doctoral course on entrepreneurship and chairs the Owners-Presidents-Managers Program and executive courses on private equity. 

Among other recognitions, he is the winner of the Swedish government’s Global Entrepreneurship Research Award.  He has recently been named one of the 100 most influential people in private equity over the past decade by Private Equity International magazine and one of the ten most influential academics in the institutional investing world by Asset International's Chief Investment Officer magazine.

Josh Lerner In the News

 
19 Mar 2014
Wall Street Journal
13 Feb 2014
Private Equity and Venture Capital
05 Jan 2014
New York Times
09 Sep 2013
Financial Times
31 Oct 2013
Benefits Canada
30 Oct 2013
Harvard Gazette
18 Jul 2013
Bloomberg TV: Surveillance
01 Jul 2013
HBS Working Knowledge
22 Mar 2013
Bloomberg TV: Surveillance
12 Apr 2013
Innovation Hub
10 Feb 2013
New York Times
29 Jan 2013
Bloomberg TV: Money Moves
11 Jul 2012
Pensions & Investments
10 Oct 2012
Boston Public Radio
27 Feb 2012
Harvard Business Review
05 Sep 2011
New York Times
05 Sep 2011
Wall Street Journal
28 Jul 2011
Financial Times
12 Jul 2011
Wall Street Journal
28 Feb 2011
Business Insider
04 Jan 2011
New York Times