Vinay Subramanian

Vinay Subramanian
  • Doctoral Student

Contact Information

  • office Address:

    2051 SH-DH
    3620 Locust Walk
    Philadelphia, PA 19104

Research Interests: Entrepreneurial strategy, Venture Capital, Innovation

Overview

Vinay’s research interests are in entrepreneurial strategy, venture capital and innovation. Prior to academia, Vinay had a career in venture capital, private equity and entrepreneurship. He managed PE/VC funds, was an investment banker at Goldman Sachs, led M&A strategy at Flipkart and was an engineer at Schlumberger. Vinay has a B. Tech from Indian Institute of Technology (Madras), M.S (engineering) from University of Maryland (College Park) and an MBA from Massachusetts Institute of Technology (Sloan). He serves as a student member on the Wharton doctoral admissions committee.

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Research

  • Vinay Subramanian and David Hsu (Working), Acquisitions as a Venture Scaling Strategy: Adolescent Firms and Innovation Outcomes. Abstract

    When adolescent ventures choose their scaling strategy for longer-run innovation outcomes, is organic- or acquisition-led-growth preferable? The multifaceted reasons managers may choose an acquisitive path, only some of which are observed and measured, makes this question difficult to address. We study U.S. firms undergoing an initial public offering (IPO) between 1975 and 2016 and track the extent to which they conduct acquisitions, pre- and post-IPO. We use firms’ patenting activity as proxies for innovation. We address endogenous selection of acquisition strategies by employing difference-in-differences and instrumental variable methods and estimate a 6 – 10% boost in innovation for acquisition relative to organic scaling. These results contrast with naïve analyses, which suggests a negative or null effect of acquisitions on innovation.

Teaching

Past Courses

  • MGMT1010 - Intro To Management

    We all spend much of our lives in organizations. Most of us are born in organizations, educated in organizations, and work in organizations. Organizations emerge because individuals can't (or don't want to) accomplish their goals alone. Management is the art and science of helping individuals achieve their goals together. Managers in an organization determine where their organization is going and how it gets there. More formally, managers formulate strategies and implement those strategies. This course provides a framework for understanding the opportunities and challenges involved in formulating and implementing strategies by taking a "system" view of organizations,which means that we examine multiple aspects of how managers address their environments, strategy, structure, culture, tasks, people, and outputs, and how managerial decisions made in these various domains interrelate. The course will help you to understand and analyze how managers can formulate and implement strategies effectively. It will be particularly valuable if you are interested in management consulting, investment analysis, or entrepreneurship - but it will help you to better understand and be a more effective contributor to any organizations you join, whether they are large, established firms or startups. This course must be taken for a grade.

Activity

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