Harold Irving "Irv" Grousbeck (born 1934) is an entrepreneur, professor at Stanford Business School and co-owner of the National Basketball Association basketball team the Boston Celtics.
In 2003, Grousbeck together with his son Wycliffe Grousbeck, Steve Pagliuca of Bain Capital, Robert Epstein, David Epstein, William P. Egan and John Svenson, acquired the Boston Celtics through their company Boston Basketball Partners LLC for $360 million.
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Irv Grousbeck is one of the directors of Stanford Business School’s Center for Entrepreneurial Studies. Grousbeck came on the faculty at Stanford in 1985 first as a visiting lecturer and in 1986 as a lecturer. In 1996, he was named a consulting professor. Prior to Stanford, Grousbeck had been a visiting lecturer at Harvard Business School from 1981 through 1985. Grousebeck teaches a number of topics relating to entrepreneurship and issues faced by entrepreneurial companies and individuals.
Grousbeck co-founded Continental Cablevision (later Media One) in 1964. He served as President of from 1964 through 1980 and was chairman from 1980 through 1985.
Grousbeck is co-author of the textbook New Business Ventures and the Entrepreneur.
Grousbeck is credited with originating the concept of a Search Fund to make private equity investments in 1984.[1]
Grousbeck serves on the board of a variety of companies and non-profit organizations including Alta Colleges, Asurion, Carillon Assisted Living and Pacific Pulmonary Services.
Previously, he has held various positions with William and Flora Hewlett Foundation, Children's Hospital Boston, the Massachusetts Board of Higher Education, Newton-Wellesley Hospital, the New England Eye Bank and Menlo School and College.
Grousbeck received an MBA from Harvard Business School, and both a Bachelor of Arts (1956) and an Honorary Doctor of Humane Letters from Amherst College, in Amherst, Massachusetts.
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