Masters in Business

Bill Janeway at the Tech Intersection

This week we speak with a venture-capital pioneer.

“IPOs are the new down round.”

So says venture capitalist Bill Janeway on this week’s Masters in Business radio podcast, referring to the recent record of tech startups that have gone public. Janeway is a managing partner at Warburg Pincus and author of "Doing Capitalism in the Innovation Economy: Markets, Speculation and the State." His work operates at the intersection of technology, finance and economics.

Known as a key creator of modern venture capital, Janeway helped to start BEA Systems, which connected software applications to databases across much of the Internet. The initial investment of $54 million turned into $6.5 billion payout within six years. Janeway, who graduated from Princeton and earned a doctorate in economics from Cambridge, funded the Cambridge Endowment for Research in Finance and the annual Princeton-Cambridge Finance Seminars.

Download the full podcast at iTunesSoundCloud and on Bloomberg.com. Earlier podcasts can be found on iTunes and at Bloombergview.com.

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

    To contact the author of this story:
    Barry L Ritholtz at britholtz3@bloomberg.net

    To contact the editor responsible for this story:
    James Greiff at jgreiff@bloomberg.net

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