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Joel Shulman

Managing Partner & CIO, ERShares LLC

Joel Shulman is the Founder, Managing Partner, and Chief Investment Officer (CIO) of EntrepreneurShares (ERShares), a global asset management firm specializing in entrepreneurial investment strategies. With over 25 years of academic research at Babson College (ranked #1 for entrepreneurship by U.S. News & World Report), he developed the Entrepreneur Factor, a proprietary 15-factor model identifying companies led by entrepreneurial leaders who drive disruptive innovation.124

Key Career Highlights

  • Academic and Professional Background:
    • Holds a Ph.D. in Finance, CFA charter, and an MPA from Harvard’s Kennedy School of Government.12
    • Tenured professor at Babson College since 1999, focusing on entrepreneurship.24
  • Entrepreneurial Ventures:
    • Founded The Shulman Review, a CFA exam-prep company that trained over 12,000 professionals globally before its sale.12
    • Launched FP Capital Partners, a long-short equity hedge fund targeting entrepreneurial companies (2005–2015).2
  • Asset Management:
    • ERShares manages ETFs like XOVR (Private-Public Crossover ETF), which includes private companies such as SpaceX.5
    • Focuses on sectors like Information Technology, Healthcare, and Consumer Discretionary, leveraging machine learning to assess entrepreneurial traits.37
  • Global Influence:
    • Consulted for the World Bank on capital market development in Central Asia and Eastern Europe.12
    • Frequent media contributor to CNBC, Bloomberg, Forbes, and others.26

Research and Philosophy

Shulman’s work emphasizes that entrepreneurial leaders exhibit long-term orientation and curiosity, driving cost efficiencies and demand growth through innovation.6 His research, published in journals like The Journal of Index Investing, links entrepreneurial companies to ESG-rich outcomes and exceptional returns.8

Media and Public Engagement

  • Regularly discusses market trends and investment strategies on platforms like Bloomberg TV and Fox Business.56
  • Authored the 2004 bestseller Getting Bigger by Growing Smaller and contributes to Forbes columns.14

Shulman’s career bridges academia, entrepreneurship, and asset management, positioning him as a leader in thematic investing and entrepreneurial finance.27

Highlights

Jan 6 · x.com
Bloomberg TV - X
Dec 10 · podcasts.apple.com
Joel Shulman of EntrepreneurSh - Orion's The Weighing Machine
Leadership Team Archive - ERShares
Leadership Team Archive - ERShares
EntrepreneurShares at a Glance - FlippingBook
EntrepreneurShares at a Glance - FlippingBook

Related Questions

What is the Entrepreneur Factor that Joel Shulman developed?
How did Joel Shulman's work at Babson College influence his investment strategies?
What are some notable companies that have been identified by Joel Shulman's proprietary 15-factor investment model?
How did Joel Shulman's experience with The Shulman Review prepare him for his role at EntrepreneurShares?
What are some of the key sectors that EntrepreneurShares focuses on?
Joel Shulman
Joel Shulman, photo 1
Joel Shulman, photo 2
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Location

Boston, Massachusetts, United States