Wycliffe Grousbeck
Encyclopedia
Wycliffe "Wyc" Grousbeck is CEO
, governor
, and co-owner
of the National Basketball Association
's Boston Celtics
.
After spending seven years as a partner at a venture capital
firm, Highland Capital Partners
, Grousbeck (along with his father H. Irving Grousbeck
and Stephen Pagliuca
) founded the group Boston Basketball Partners L.L.C.
that bought the Celtics for $360 million in 2002.
Grousbeck graduated from Noble and Greenough School
and Princeton University
, where he rowed on an undefeated lightweight crew team that claimed the mythical national lightweight championship. He received a law degree from the University of Michigan
and an MBA
from the Stanford Graduate School of Business
.
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
, governor
Governor
A governor is a governing official, usually the executive of a non-sovereign level of government, ranking under the head of state...
, and co-owner
Ownership
Ownership is the state or fact of exclusive rights and control over property, which may be an object, land/real estate or intellectual property. Ownership involves multiple rights, collectively referred to as title, which may be separated and held by different parties. The concept of ownership has...
of the National Basketball Association
National Basketball Association
The National Basketball Association is the pre-eminent men's professional basketball league in North America. It consists of thirty franchised member clubs, of which twenty-nine are located in the United States and one in Canada...
's Boston Celtics
Boston Celtics
The Boston Celtics are a National Basketball Association team based in Boston, Massachusetts. They play in the Atlantic Division of the Eastern Conference. Founded in 1946, the team is currently owned by Boston Basketball Partners LLC. The Celtics play their home games at the TD Garden, which...
.
After spending seven years as a partner at a venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
firm, Highland Capital Partners
Highland Capital Partners
Highland Capital Partners is a venture capital firm that focuses on investments in seed, early, and growth stage companies in the communications, consumer, digital media, healthcare, and information technology sectors. The firm's partners include: Peter Bell, Sean Dalton, Bob Davis, Richard de...
, Grousbeck (along with his father H. Irving Grousbeck
H. Irving Grousbeck
Harold Irving "Irv" Grousbeck is an entrepreneur, professor at Stanford Business School and co-owner of the National Basketball Association basketball team the Boston Celtics....
and Stephen Pagliuca
Stephen Pagliuca
Stephen Pagliuca is a private equity investor, managing partner of Bain Capital, and co-owner of the Boston Celtics.In 2003, Pagliuca, along with Irving and Wyc Grousbeck, Robert Epstein, William P...
) founded the group Boston Basketball Partners L.L.C.
Boston Basketball Partners L.L.C.
Boston Basketball Partners L.L.C. is an American local private investment group formed to purchase the NBA Basketball team Boston CelticsThe Executive Committee consists of the four members of the Managing Board, Wyc Grousbeck, H. Irving Grousbeck, Steve Pagliuca and The Abbey Group, represented by...
that bought the Celtics for $360 million in 2002.
Grousbeck graduated from Noble and Greenough School
Noble and Greenough School
The Noble and Greenough School, commonly known as Nobles, is a coeducational, nonsectarian day and boarding school for students in grades seven through twelve. It is located on a campus in Dedham, Massachusetts. The current enrollment of 550 students includes a balance of boys and girls, of whom...
and Princeton University
Princeton University
Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....
, where he rowed on an undefeated lightweight crew team that claimed the mythical national lightweight championship. He received a law degree from the University of Michigan
University of Michigan
The University of Michigan is a public research university located in Ann Arbor, Michigan in the United States. It is the state's oldest university and the flagship campus of the University of Michigan...
and an MBA
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
from the Stanford Graduate School of Business
Stanford Graduate School of Business
The Stanford Graduate School of Business is one of the professional schools of Stanford University, in Stanford, California and is broadly regarded as one of the best business schools in the world.The Stanford GSB offers a general management Master of Business Administration degree, the Sloan...
.