Fall 2001

Peter M. Kash Co-Founder & Senior Managing Director
Paramount Capital Asset Management, INC.

peter kash Peter M. Kash is co-founder and senior managing director of Paramount Capital Asset Management, Inc., which manages over $600 million in biotechnology hedge funds. Having traveled to more than fifty countries, he has co-raised $500 million in private equity financing for more than twenty biopharmaceutical companies. He has also participated on several private and public boards of directors, including serving as vice chairman of Keryx Biopharmaceuticals.

Mr. Kash has worked with several Wall Street houses, including Shearson Lehman Hutton, and has served as an associate professor of marketing at Polytechnic University. He was a television host for FNN's business program "International Spotlight," and is currently a lecturer on entrepreneurship and international venture capital at the Wharton School of Business at the University of Pennsylvania. He has also recently accepted a visiting professorship at the Graduate School of Business at Nihon University in Tokyo. Mr. Kash earned his B.S. in management science from SUNY Binghamton and his M.B.A. in finance from Pace University. He serves on the Board of Keren Or, a charity for blind and multi-handicapped children.

Alumnus Peter M. Kash on the Art of Entrepreneurship

The Lubin School of Business' Entrepreneur In Residence program brings entrepreneurs to the school for a day to lecture to students and faculty about entrepreneurship and venture initiation. This year the school hosted Peter M. Kash, MBA'89, co-founder and senior managing director of Paramount Capital Asset Management, Inc. Paramount Capital is an industry leader in biotechnology financing, specializing in hedge funds, private equity offerings, and venture capital. Kash visited the New York City campus on April 3rd and shared with students and faculty the importance of entrepreneurship and the lessons he learned throughout his career.
  [Peter Kash]

His day "in residence" began with a luncheon where he gave an informal talk to faculty, students and administrators about his days at Pace and the impact the school had on his career. He spoke fondly of a beloved mentor, the late Professor Leonard Silk, a distinguished professor of economics at the Lubin School and columnist at The New York Times. In his teachings, Professor Silk emphasized the importance of social responsibility, something that Mr. Kash has practiced ever since."I am a capitalist, a social capitalist," Mr. Kash said, urging professors to integrate the topic of social responsibility into business courses. He mentioned that you do not have to give money to contribute to society; time is often more valuable. After the luncheon, Kash spoke to several undergraduate classes about "Entrepreneurship in the 21st Century." Having lectured at Wharton for five years on entrepreneurship and international venture capital, Mr. Kash is a seasoned speaker and his animated and enthusiastic remarks had an earnest and tangible quality. Both students and faculty were engaged and responsive to his message as evidenced by the questions and discussions that followed his remarks. Many students requested his email address and contact information (which he encouraged) and wanted more information about the list of books he suggested they read as well as other insights.

Following the lecture, Kash met with Lubin student leaders for an informal chat about his experience at Lubin, his career and what really is important in life and work. He also spoke about ways that student leaders could help build Lubin's reputation. If students and alumni help build Lubin's reputation, it will benefit all Lubin graduates as they climb the corporate ladder. This philosophy doesn't only apply to Lubin students, but to all Pace students. The achievements of graduates enhance Pace University's reputation and impact rankings. This is evident in the recent U.S. News & World Report "Best Graduate Schools 2002" survey rankings from 14th to 11th nationwide (among part-time MBA programs), as we are ahead of Fordham and Baruch. Inspired by the talk with Mr. Kash, a group of Lubin student leaders later met to discuss initiatives to continue to bring further recognition to Lubin's status as a leading business school.

After a reception where students and faculty had the opportunity to speak with him personally, Mr. Kash gave a lecture to Lubin graduate students, again emphasizing the impact of entrepreneurship on the success of the U.S. economy. Mr. Kash spoke candidly to students about failure and success in work and life. Sharing many intimate details about his own successes and failures, Mr. Kash emphasized "it is not about the money, it is about contentment, and the journey is more important than the destination." Truly, Mr. Kash's success can be attributed to his ardent belief that everyone in an organization contributes to its success and failure, and that is why it is always important to treat everyone fairly and equally. At Paramount Capital, every employee is given stock options in the company, which in turn makes them partners in the company and aids them in having a united vision for the success of the company. If the company succeeds, they succeed. Mr. Kash believes in always remaining humble because "you never know who is going to come through the revolving door." Be humble and respectful to the people you encounter climbing the corporate ladder as you may also have to interact with them later in your career.