Invest Canada

#IC22 Speaker Spotlight: Josh Lerner

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We’re excited for our first keynote session announcement for #IC22! On May 26, Invest Canada 22 welcomes Josh Lerner, Professor Investment Banking, Harvard Business School.

Josh Lerner graduated from Yale College with a special divisional major. 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 (VC) and private equity (PE) organizations. (This research is summarized in Boulevard of Broken Dreams, The Money of Invention, Patent Capital, and The Venture Capital Cycle.) He also examines policies on innovation and how they impact firm strategies. (That research is discussed in the books The Architecture of Innovation, The Comingled Code, and Innovation and Its Discontents.) 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 currently runs the Private Capital Research Institute, a non-profit devoted to encouraging access to data and research, and has been a frequent leader of and participant in the World Economic Forum projects and events.

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 established and teaches doctoral courses on entrepreneurship, teaches in the Owners-Presidents-Managers Program, and leads executive courses on private equity. He is the Jacob H. Schiff Professor.

Among other recognitions, he is the winner of the Swedish government’s Global Entrepreneurship Research Award and Cheng Siwei Award for Venture Capital Research.

On May 26, Lerner will deliver the opening keynote, Venture Capital and Private Equity in a New Era.” VC and PE have had an extraordinary boom over the past few decades, as reflected in increasing fundraising and the worldwide diffusion of the private capital model. But 2022 has seen the emergence of a tougher macroeconomic environment for investors, greater regulatory pressures, and the re-emergence of questions about the performance of these funds. This talk will highlight the opportunities and challenges that private capital faces and underscore the need for continued evolution in the model.

More information about the Invest Canada conference and ticket details are available here.