Prof. Andrew Metrick, Wharton/Yale SOM

Andrew Metrick joined the faculty at Wharton in 1999 and received tenure in 2003. Prior to Wharton, he spent five years teaching economics in the Harvard Faculty of Arts and Sciences. His research and teaching have focused on venture capital, private equity, corporate governance, and decision-making under uncertainty.

In his most recent research, Metrick created a method that makes it easier for venture capitalists to calculate realistic valuations of start-ups, high-growth companies, and IPOs. The model is outlined in his book Venture Capital and the Finance of Innovation (John Wiley & Sons, 2006), which is the foundation of the course of the same title that he teaches at Wharton. It has received attention in the popular press including the New York Times, Forbes, and Red Herring. Other research has examined the relationship between shareholder rights and company performance; the economics of private equity funds; how the structure of employers’ retirement plans affect employee participation; and the relationship between insider ownership and firm value.

Metrick has been honored with more than a dozen teaching awards and distinctions, including two years (2003 and 2007) as the highest-rated professor in the Wharton MBA program. In 1998, he received the highest teaching honor at Harvard College, the Joseph R. Levenson Memorial Teaching Award, and in 2005, he received the highest teaching honor at the University of Pennsylvania, the Lindback Award.