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Venture Capital & Private Equity

For students with career aspirations in venture capital the Ross School of Business offers a suite of courses and learning initiatives that provide students with the opportunity to develop their finance knowledge, round out their industry experience, and increase their network of institutional VC business leaders, angel investors and executive officers of venture-backed firms.

Unlike investment banking, which is a transaction business done for fees, venture capital or private equity is a principal business done primarily for capital appreciation from funds invested. They differ in that venture capital is focused on technology-based early stage finance while private equity is focused on financing the expansion, turnaround, and acquisition funding of established companies from a broader industry base. Candidates entering these industries must have a well rounded background in finance, marketing, manufacturing, and corporate strategy.

Center for Venture Capital & Private Equity Finance
Led by Professor David J. Brophy, the Center contributes to the full spectrum of student-centric, action-based learning, which forms the core of entrepreneurial education and programs administered through the Ross School of Business's Zell Lurie Institute for Entrepreneurial Studies. Founded in 1994 with a specialized focus on entrepreneurial finance and investment, the Center offers research, teaching and practitioner programs to encourage the channeling of equity capital to build companies and to harvest and recycle capital in emerging fields. Through initiatives, such as the annual Michigan Growth Capital Symposium, the Center connects the Ross School network with the broader financial community comprising entrepreneurs; managers; investors and public policy makers whose decisions affect entrepreneurship and equity investment. The Center also seeks to increase sustainable job growth and income, commercialization, and wealth creation by fostering entrepreneurial activity and research in local, regional, national and international markets.

Overview
The Center for Venture Capital and Private Equity Finance (CVP) oversees the finance and investment component of entrepreneurial studies at the Stephen M. Ross School of Business at the University of Michigan. CVP's initiatives include connecting the SchoolÕs entrepreneurial network to the financial community through its annual Michigan Growth Capital Symposium www.michiganGCS.com. The Center contributes to the full spectrum of entrepreneurial education and programs administered through the School's Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies. The Center expands, leverages and disseminates its core knowledge of entrepreneurial finance, venture capital and private equity investment for the benefit of its constituent community. This community includes entrepreneurs; managers; investors; public policy makers whose decisions affect the entrepreneurship and equity investment environment; and university students, alumni and staff.

The Center's beneficiaries better understand how to form, finance and develop, innovative, fast growth-oriented entrepreneurial efforts, whether as start-ups, expanding companies, or as recapitalized, restructured or redirected enterprises (i.e. buyouts). The Center offers research, teaching and practitioner involvement programs to encourage the channeling of equity capital to build companies and harvest and recycle capital in new and emerging fields of opportunity.

The Center endeavors to encourage an increasing rate of sustainable job growth and income, commercialization, and wealth creation by fostering entrepreneurial activity and research in local, regional, national and international markets. As an integral part of the entrepreneurial program at the Stephen M. Ross School of Business at the University of Michigan, the Center provides an unparalleled place to promote private sector practices and public policies dedicated to entrepreneurship excellence.

The Center was founded in 1994 with a generous gift from the Donald Parsons family, Michael Stark, J. Robert Dobbins, Jim Daverman and David Shelby, alumni of the Stephen M. Ross School of Business at the University of Michigan and practitioners in the field. The Center has also received continued support from other venture capital and private equity benefactors, including Ted Doan, Ian Bund, David Arscott and William Baumel.

The Center supports its activities through program proceeds and symposia sponsorship.

The CVP community includes: entrepreneurs and owner/managers of fast growth-oriented companies, especially high technology-based companies; institutional investors, individual venture capital and private equity investors focusing on equity-based financing for entrepreneurial firms at all growth, development, restructuring and harvest stages; public policy makers at federal, state and local governmental level involved with long term economic growth and entrepreneurship issues; communications and information media seeking related resources and expertise; and students, alumni, faculty and staff of the University of Michigan as well as other university institutions. The CenterÕs output to these constituents includes academic and professional research, the Michigan Growth Capital Symposium, educational materials, courses, and seminars, and the fostering of university technology commercialization.

Michigan Business School