Janet Kiholm Smith is the Von Tobel Professor of Economics at Claremont McKenna College and Director of the Center for Innovation & Entrepreneurship. She received a Ph.D. in economics from UCLA, and has been on the faculties of Arizona State University, University of Southern California, and Oberlin College. At CMC, she has served as Chair of the Department of Economics, Director of the Financial Economics Institute, and the founding Dean of the Robert Day School. She is coauthor of Entrepreneurial Finance: Strategy, Valuation and Deal Structure (Stanford U Press), with translations into Japanese and Chinese. She is the author of numerous journal articles on topics ranging from IPO pricing to corporate philanthropy, including publications The Journal of Finance, Journal of Financial & Quantitative Analysis, Journal of Corporate Finance, Journal of Legal Studies, Journal of Law, Economics & Organization, Journal of Industrial Economics, Journal of Banking and Finance. Current research interests are in the areas of new venture finance, investment behavior of not-for-profit institutions, and behavioral aspects of risk-taking. She teaches courses on entrepreneurial finance, strategy, and a practicum on new venture development.