#027 Josh Lerner on Venture Capital, Rethinking Innovation, and Shared Knowledge as a Competitive Strategy

Josh Lerner, a leading expert on venture capital, private equity, and innovation policy, is an economist and the Jacob H. Schiff Professor of Investment Banking at Harvard Business School. Over the past three decades, his research has shaped how governments, investors, and entrepreneurs understand the financing of innovation. Prof. Lerner’s work explores when markets succeed, when public policy fails, and what it really takes to build sustainable entrepreneurial ecosystems. His newest book ‘Rethinking Innovation’ with Jean Tirole, published earlier this year by Princeton University Press, explores how corporations have increasingly embraced the sharing of knowledge as a competitive strategy. He was also the recipient of the Academy’s inaugural Constellation Award earlier this year.