Faculty Director, Polsky Center for Entrepreneurship and Innovation; Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance at Chicago Booth
Steve is the Neubauer family distinguished service professor of entrepreneurship and finance at Chicago Booth and the Thomas Cole distinguished visiting professor chair at the University of Chicago Law School. He is also the faculty director of the Polsky Center. Steve is one of the world’s foremost researchers on private equity, venture capital, corporate governance, executive talent, and income inequality. His papers on private equity and venture capital are the standard references in the field. He has testified to US Senate and US House Committees about his research. He ranks among the top 60 in paper downloads and in paper citations (out of over 280,000 authors) on the Social Science Research Network. He is the cocreator of the widely adopted Kaplan-Schoar Public Market Equivalent private equity benchmarking approach. A Fortune Magazine article referred to him as “probably the foremost private equity scholar in the galaxy.” At the University of Chicago, Steve teaches advanced MBA, law, and executive courses in entrepreneurial finance and private equity, corporate financial management, corporate governance, and wealth management. His course in entrepreneurial finance and private equity is consistently among the most popular in the school. BusinessWeek named him one of the top twelve business school teachers in the country and one of the top four teachers of entrepreneurship. Steve cofounded the entrepreneurship program at Chicago Booth and, with his students, started Booth’s business launch program, the Edward L. Kaplan, ’71, New Venture Challenge, which has spawned over 200 companies. The companies have raised over $600M from investors (including Accel, Andreesen Horowitz, Benchmark, Index and Sequoia) and created over $9B in market value. Steve serves on the boards of Morningstar, Zayo Group, and the Illinois Venture Capital Association. He earned an AB, summa cum laude, and a PhD from Harvard University.