Entrepreneurship in a Struggling Economy: Insights on Economics and the Future of Capital Markets with Paul Kedrosky (GNAZ)
February 08, 2012, 6:00pm
Summary:
Our country is in dire need of entrepreneurship now more than ever. With the economy seemingly in shambles, hungry entrepreneurs give the U.S. a glimmer of hope. On Wednesday, February 8th, Gen Next Arizona will sit down with Kauffman Foundation Economist and the editor of Infectious Greed, a very popular financial blog, Paul Kedrosky, for a riveting account of what must be done to save our country from mediocrity. Mr. Kedrosky will apply his expertise in economics and as an entrepreneur himself to dive into a look at our country’s future.
Detail:
Please check out his popular financial blog, Infectious Greed.
Open to Members and Guests only. Invites are not transferable. Must RSVP to Sarah to attend. Adding program to calendar does not constitute a RSVP.
When: February 8 at 6:00 p.m.
Where:Mortons -15233 North Kierland Boulevard, Scottsdale, AZ 85254
RSVP: Sarah
Dress: Business Casual
Paul Kedrosky, Economist at the Kauffman Foundation
Dr. Kedrosky is an investor, speaker, writer, media guy, and entrepreneur. In his spare time he is a dangerous Twitterer, analyst for CNBC television, and the editor of Infectious Greed, one of the most popular financial blogs available over the Interweb.
In the dusty distance of long-ago, Dr K. founded what he is reasonably sure was the first hosted blogging site, GrokSoup. After having grown it to be one the largest such services on the Interweb (admittedly before there were other such services), he demonstrated his unerring ability to enter fast-growing markets before they take off, and exit before they have grown large enough to deliver an island-purchasing exit. The rest is history, or least an index entry in one book on blogging.
Even further back in time, Dr. Kedrosky was one of the first technology equity analysts at a major brokerage firm. Back before there were such things as credit default swaps, collateralized debt obligations, and subprime mortgages, we vandalism-loving greed-heads on Wall Street were forced to take down capitalism the hard way -- by selling over-valued technology companies to an unsuspecting public via initial public offerings. While it eventually worked out (c.f., the tech crash of 2000), the next generation of Wall Street-ers learned from our inefficiency and took down the global money grid in half the time it took us to mess up Nasdaq. Lesson learned.
He is an active investor in public and private equities, despite having watched both sorts of sausages being made. That almost certainly represents, as Samuel Johnson once said about a man's second marriage, the triumph of hope over experience. Nevertheless, Dr. Kedrosky has more than fifty early-stage investments to his credit, and rather than brag in an unseemly way about his many successes he will continue to point to that "fifty" number. Fifty, fifty, etc.
Dr. Kedrosky has a Ph.D. in the economics of technology (which he mostly uses when bluffing outside of poker), a master's degree in finance (which he mostly uses when bluffing in poker), and an undergraduate degree in engineering (which a professor once said he would take away, if he had the means).