H. Irving Grousbeck

Harold Irving "Irv" Grousbeck (born July 20, 1934) is an American entrepreneur, professor at Stanford Business School, and co-owner of the National Basketball Association basketball franchise the Boston Celtics.

Career

Grousbeck is one of the directors of Stanford Business School’s Center for Entrepreneurial Studies. He came on the faculty at Stanford in 1985 first as a visiting lecturer and in 1986 as a lecturer. In 1996, he was named a consulting professor. Prior to Stanford, Grousbeck had been a visiting lecturer at Harvard Business School from 1981 through 1985. He teaches a number of topics relating to entrepreneurship and issues faced by entrepreneurial companies and individuals.

Grousbeck co-founded Continental Cablevision (later Media One) in 1964 with his college roommate, Amos Hostetter, Jr.. He served as its President from 1964 through 1980 and was chairman from 1980 through 1985.

In 2003, Grousbeck together with his son Wyc Grousbeck, Steve Pagliuca, Robert Epstein, David Epstein, William P. Egan, and John Svenson, acquired the Boston Celtics through their company Boston Basketball Partners LLC for $360 million.

Grousbeck is credited with originating the concept of a Search Fund to make private equity investments in 1984.^[1]

In 1996, Grousbeck co-founded the Stanford Center for Entrepreneurial Studies (CES) alongside Charles Holloway.^[2]

Grousbeck serves on the board of a variety of companies and non-profit organizations including Alta Colleges, Asurion and Carillon Assisted Living.

Previously, he has held various positions with William and Flora Hewlett Foundation, Children's Hospital Boston, the Massachusetts Board of Higher Education, Newton-Wellesley Hospital, the New England Eye Bank and Menlo School and College.

Education

Grousbeck received his B.A. in 1956 from Amherst College. He continued his education at Harvard Business School, where he received a M.B.A.. He was also awarded a Doctor of Humane Letters from his alma mater Amherst College.

Publications

• New Business Ventures And The Entrepreneur, with Howard H. Stevenson and Michael Roberts, 1998, ISBN 0256204772

References

External links

• Harold Irving Grousbeck, Faculty Profile (Stanford Business School)
• H. Irving Grousbeck - Managing Partner & Alternate Governor (National Basketball Association)
• Irv Grousbeck: Finding One's Way on the Entrepreneurial Path
• Celtics.com profile
• ESPN story
• Fellowship of the Ring (Boston.com)

Private equity and venture capital investors
Investment strategy	Buyout Venture Growth Mezzanine Secondaries
History	History of private equity and venture capital Early history of private equity Private equity in the 1980s Private equity in the 1990s Private equity in the 2000s
Investor types	Private equity investors Venture capitalists Corporate raiders