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CVP 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 School’s 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.