Word: cressey
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...Bryan Cressey. When Cressey, 36, was growing up in Seattle, he developed a deep admiration for professional risk takers. "I always heard about these successful entrepreneurs who went to Harvard Business School," he says, "so I wanted to go too." After graduating from Harvard in 1976 with both an M.B.A. and a law degree, he decided to become a venture capitalist, but "there were no jobs in the field and no prospects of getting any." Then a professor introduced him to Stanley Golder, president of First Chicago's venture capital...
That encounter eventually led to the formation of Golder, Thoma & Cressey, a Chicago venture capital firm that started business in 1980 with $60 million. Now the partnership manages two funds worth $160 million. Cressey rides herd on nine companies, primarily in the health-care industry, including his most promising current venture, Continental Medical Systems, a nursing-home operator. "In the office, we spend all our time juggling phone calls from CEOs, dealing with problems from hiring to firing," he says. "You've got to change your mind-set quickly from one company to another." Cressey spends his free time...