Michael Ewens
Michael Ewens is the David L. and Elsie M. Dodd Professor of Finance at Columbia Business School, where he co-directs the Private Equity Program and is a Research Associate at the National Bureau of Economic Research. He is best known for his research in venture capital and entrepreneurial finance, including the widely cited paper with Matthew Rhodes-Kropf, "Is a VC Partnership Greater than the Sum of Its Partners?", which demonstrates that VC value is concentrated in individual partners rather than firm brand or process. His broader work examines how capital is allocated to high-growth startups, gender dynamics in entrepreneurship, and the structure of private equity markets.
“The markets are telling us that the returns to investing in the picks and shovels of AI is a very promising opportunity. If you have expertise in an existing AI infrastructure, like they do, it would make a lot of sense.”
Source→“Value in VC firms resides in individual partners, not firm brand or process. Larger firms dilute individual partner influence and appear to scale primarily to reduce fundraising friction, not to improve returns.”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.