BOSTON—Seventeen entrepreneurs are working with the Harvard Business School (HBS) community this year as Entrepreneurs-in-Residence (EiR). Sponsored by the School's Arthur Rock Center for Entrepreneurship, the Entrepreneur-in-Residence program, now in its seventh year, invites veteran entrepreneurs to HBS to advise MBA students interested in starting companies and work with faculty on research and course development.
The seventeen entrepreneurs, fourteen of whom are HBS alumni, represent careers and experiences from across several industries, including entertainment, internet and technology, private equity, telecommunications, and venture capital.
“Entrepreneurship is one of the most popular fields of interest among students at Harvard Business School,” said Meredith McPherron (MBA 1993), Executive Director of the Arthur Rock Center. “The willingness of these entrepreneurs to share their extraordinary wisdom, skills, and experience with members of the HBS community enriches us all.”
The School has named the following as Entrepreneurs-in-Residence for 2012-13:
Entrepreneurs-in-Residence serve for the entire academic year in a part-time capacity, meeting with students in group and one-on-one sessions and collaborating with various faculty members on cases, courses, research, and other activities.
Besides working together with the Entrepreneurs-in-Residence, Harvard MBA students interested in entrepreneurship have the opportunity to collaborate with HBS faculty members through field studies, independent research projects, a Silicon Valley Immersion Experience Program, and participation in the HBS New Venture Competition. In addition, students have access to the Harvard University Innovation Lab (i-lab), where they can use work space to develop and create a start-up idea.
All first-year MBA students also take the required course The Entrepreneurial Manager, as well as a new first-year course called FIELD (Field Immersion Experiences for Leadership Development), whose third module requires them to work in small teams to launch a microbusiness. Second-year students can choose from more than two dozen entrepreneurship-related elective courses.
An estimated 50 percent of HBS graduates describe themselves as entrepreneurs 10 to 15 years after they graduate. Among the many alumni who have founded successful business ventures are Michael Bloomberg (MBA 1963), founder of Bloomberg L.P; Marc C. Cenedella, ( MBA 1998), founder, president and CEO of TheLadders.com Inc; Scott Cook (MBA 1976), chairman and cofounder of Intuit; Mark Pincus (MBA 1993), founder and CEO of Zynga; Abby Falik (MBA 2008), founder of Global Citizen Year; Jennifer Hyman and Jennifer Carter (both MBA 2009), co-founders of Rent the Runway; Marla Malcolm Beck (MBA 1998), founder of bluemercury; Tom Stemberg (MBA 1973), founder of Staples; and Jeremy Stoppelman (MBA 2005), CEO and cofounder of Yelp.
About The Rock Center:
The Arthur Rock Center for Entrepreneurship was created through the generosity of prominent venture capitalist Arthur Rock (MBA '51), who donated $25 million to Harvard Business School to support the entrepreneurship faculty and their research, fellowships for MBA and doctoral students, symposia and conferences, and outreach efforts to extend the impact of the School's extensive work in this field. HBS offered the country's first business school course in entrepreneurship in 1947 and, today, entrepreneurship is one of the largest faculty units at the School, with over 30 faculty members conducting entrepreneurship research and teaching. The Rock Center works closely with the HBS California Research Center in Silicon Valley on entrepreneurship-related research and course development efforts.
Founded in 1908 as part of Harvard University, Harvard Business School is located on a 40-acre campus in Boston. Its faculty of more than 200 offers full-time programs leading to the MBA and doctoral degrees, as well as more than 80 open enrollment Executive Education programs and more than 60 custom programs. For more than a century, HBS faculty have drawn on their research, their experience in working with organizations worldwide, and their passion for teaching to educate leaders who have shaped the practice of business and entrepreneurship around the globe.