Felda Hardymon is Professor of Management Practice at Harvard Business School where he teaches Venture Capital and Private Equity, and is an affiliate partner at Bessemer Venture Partners, a global first tier venture firm.
Felda graduated from Rose Polytechnic Institute with a degree in mathematics. He attended Duke University where he earned a Ph.D. in mathematics and remained at Duke to teach, eventually serving as Duke's Director of Systems and Research. He left Duke, and an academic career, to attend HBS (MBA '79, Baker Scholar); and in 1979 joined Business Development Services, Inc (BDSI), the venture capital subsidiary of General Electric.
At BDSI Felda became a Vice President and was an investor in the start-up of Stratus Computer (the second fault tolerant computer company, later sold to Ascend), the turnaround of Western Digital (a communications chip company, later to become a disk drive company), and the growth financing of Ungermann-Bass (the first local area network company, later sold to Newbridge Networks).
Felda joined Bessemer Venture Partners (BVP) as a general partner in 1981. BVP is among the oldest venture firms (1911) with offices on Route 128, Larchmont (NY), Silicon Valley, Shanghai (PRC), Bangalore and Mumbai (India). BVP invests approximately $200 million annually worldwide.
At BVP Felda has lead BVP's investment in a number of young companies in the software, communications and retail sectors, including American Superconductor, Cascade Communications (acquired by Ascend), Celcore Communications Corp (acquired by DSC), Sahara Networks (acquired by Cascade), Parametric Technology Corp, Metapath Software International (acquired by Marconi), Sirocco Networks (acquired by Sycamore), LBMS (acquired by Platinum Technology), Wavesmith (acquired by Ciena), Celtel International (acquired by MTC) and VideoServer (now called Ezenia). His investments in the start-ups of The Sports Authority and Staples were the initial investments for BVP's retail practice.
Felda joined the HBS faculty in 1998 and he is currently course head for the VCPE second year MBA elective as well as course head for the Private Equity and Venture Capital Executive Education program held each fall.
In addition to his teaching duties Felda continues to serve as a partner of BVP and is currently active with three investments. He serves on two private company boards as well as on the boards of directors of Silicon Valley Bancshares (NASDAQ:SIVB) and Portrait Software (AIM: PSW).
With Josh Lerner he wrote Venture Capital and Private Equity Volume II, A Casebook (John Wiley & Sons, 2002). With Josh Lerner and Ann Leamon, he wrote Venture Capital and Private Equity Volume III, A Casebook (John Wiley & Sons, 2005). With Ann Leamon, Denis Saulnier and the HBS IT department, he co-authored the VC Game , a massive, multi-player simulation of a venture capital market used to teach portfolio practices in private equity.
Last Updated: Mon, Jul 31, 2006
|Textbook||Venture Capital and Equity: A Casebook||Ann Leamon · Felda Hardymon · Josh Lerner||John Wiley & Sons- Publisher||576 pages||05/2006|