Funding the Big Idea: Lessons from the Investor Who's Heard a Lot of Them delivered by Howard Lee Morgan.
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Bio
Howard Lee Morgan
Dr. Howard Morgan is a Partner at First Round Capital, a seed stage venture fund. He began working with Idealab in 1996 and serves on their board. Howard is also President and Founder of the Arca Group, Inc., specializing in the areas of computer and communications technologies. He has more than 25 years of experience with more than thirty high-tech entrepreneurial ventures.
He is Chairman of Internet Brands (NASD:INET). Howard was Professor of Decision Sciences at the Whart on School of the University of Pennsylvania and Professor of Computer Science at the Moore School at the University of Pennsylvania for almost 15 years. He serves on the boards of a number of companies and is a respected author. He received the Entrepreneur of the Year Award in 1997.
Howard received his Ph.D. in operations research from Cornell University and his B.S. from the City University of New York.
Process of exchanging income for an asset that is expected to produce earnings at a later time. An investor refrains from consumption in the present in hopes of a greater return in the future. Investment may be influenced by rates of interest, with the rate of investment rising as interest rates fall, but other factors more difficult to measure may also be importantfor example, the business community's expectations about future demand and profit, technical changes in production methods, and expected relative costs of labour and capital. Investment cannot occur without saving, which provides funding. Because investment increases an economy's capacity to produce, it is a factor contributing to economic growth.