John Hoffmire is an Associate Fellow at Saïd Business School. He teaches in the MBA and executive education programmes and directs the Saïd Business School Impact Bond Fund.
John’s achievements in both the academic and business worlds are extensive and - having participated in work, research and speaking tours in 90 countries - John is regarded as one of the leading experts in his field. His pioneering approach has led to achievements such as: leading the first sale of shares for a microfinance bank to an Employee Stock Ownership Plan at K-REP in Kenya; helping create and currently chairing an effective non-profit organisation - the 14 office Progress Through Business which assists low-income people in many areas of the world through market-driven approaches and initiating and helping lead the process of securing a $5 million grant ($20 million with match funding) for entrepreneurship at the University of Wisconsin-Madison.
Throughout his for-profit and non-profit career John has helped to start and grow 35 companies, in addition to the hundreds of firms he has either financed or advised. He also currently serves on the board of directors of two companies in the media and finance industries and his research and expertise has been referenced in numerous journals and publications including the Wall Street Journal and Washington Post.
Such work was recognised in 2012 when John was awarded the Darwin Nelson Community Impact Award by Wisconsin Business Development for his ‘tireless efforts to expand the financial literacy and tax form preparation programmes that have benefited so many.’ Further to John leading the Entrepreneurs in Residence Programme his responsibilities include building an entity whereby each year the students of the Business School run a $5,000,000 bond fund which is tracked daily and competes against funds controlled by other business school students. Saïd Business School is the first school in Europe to be accepted into this competition. He also teaches in the MBA and executive education programmes and is affiliated with the finance department and is a member of the Private Equity Institute. The focus of his teaching is employee ownership and impact investing.
Before joining Saïd Business School John had a twenty-year career in equity investing, venture capital, consulting and investment banking. His work has had a particular focus on Employee Stock Ownership Plans. As founder and CEO of his own investment-banking firm, he helped employees buy and manage approximately $2.2 billion worth of ESOP stock. He sold his firm to American Capital, which then went public. John left American Capital as Senior Investment Officer when the company reached $1 billion in assets. After leaving American Capital, John was Vice President at Ampersand Ventures, formerly Paine Webber's private equity group. Earlier in his career, after he finished his PhD at Stanford University, he was a consultant at Bain & Company.
John has language training in Spanish, Portuguese, German and French.
John’s main areas of research are in employee ownership, impact investing, entrepreneurship, entrepreneurial finance, crowdfunding, ownership and wealth. He has published research in the journals such as Family Business Review, Families in Society and Journal of Employee Ownership Law and Finance. His research has also been published by the Filene Research institute and ESOP Association. John has also written two books: The Economics of Serving Low-Income Employees at Tax Time: Implications for Credit Unions, Filene Research Institute, 2009 and How to Market Your ESOP Company, ESOP Association, John Hoffmire. (ed.), 1993.
John’s current research projects include:
Employee ownership – John is part of a team addressing the linkage between productivity and having employees own part or all of the company where they work. Special emphasis is given in this research to companies, policies and processes in the US, India, China, Spain, the UK, and several African nations.
Impact Investing – John is part of a team focusing on several key fronts: the structures around the setting up of funds and closing deals in the impact investing space. Countries where we have shown special interest are the US, India, China, the UK, and several African nations.
Crowdfunding – John is part of a research team portraying a broad landscape of crowdfunding including uses related to raising equity for companies, donations for NGOs, lending, and collecting donations in exchange for a gift. Our research is more descriptive in nature and covers many different countries.
European Debt Crisis – John is part of a research team whose interest is in scenario planning – using the debt crisis in Spain as a case study. Ownership and Wealth – John is part of a research team who have completed extensive research about the ownership of land, housing and companies in about twenty countries. They have correlated ownership of these types of assets with quality of life factors such as wealth distribution, educational achievement, and health.
For further information about John’s research go to: cobap.org
Having participated in work, research and speaking tours in 90 countries and with more than 20 years experience in equity investing, venture capital, consulting and investment banking, including being the CEO of his own investment banking firm, before entering academia, John’s engagement with the business world remains significant.
John has helped to start and grow 35 companies in addition to the hundreds of firms he has either financed or advised and helped pass legislation on employee ownership in several countries. He is Co-Founder and Chairman of Progress Through Business, an international, fourteen office organisation that focuses on addressing issues of low and moderate income employees and communities through business-based approaches to economic development. Currently Progress Through Business helps more than 10,000 people receive free online financial and investor literacy training.
John volunteers on numerous NGO and advisory boards including: Harambe Entrepreneur Alliance, Progress Through Business and The Center on Business and Poverty and has assisted with privatisations involving employee ownership in Tanzania, Hungary, the US, and Zimbabwe.
John also currently serves on the board of directors of two companies: Wisconsin Business Development Growth Fund – one of the larger Community Development Financial Institutions in the Midwest and Woodward Communications Inc. – a large significantly employee-owned media company with holdings in many parts of the United Sates.
John is regularly featured in the media and has been referenced in influential publications such as the Wall Street Journal and Washington Post and is a syndicated columnist who writes regularly for the Deseret News among others.
John teaches MBA, EMBA, undergraduate and Executive Education students at Saïd Business School in the following fields: employee ownership, impact investing, crowdfunding and social finance. He encourages students to engage with material and relate it the non-academic/business world and draws on his own pre-academic work history to give real examples of academic theory.
John is also recruiting students and researchers interested in employee ownership, impact investing, and crowdfunding on a flexible basis. Please send a short statement of interests by email. No resources, beyond occasional hot desk facilities, are available to support such visitors.
Saïd Business School
Executive Education Centre