Awe-Inspiring Life of Irving Grousbeck
Irving Grousbeck has lived an inspiring life of hope and determination. From becoming an enthusiastic basketball enthusiast in his youth to being the principal owner of a championship-winning team – it speaks volumes of his perseverance.
He enjoyed an impressive career as a venture capitalist, investing in companies such as AVEO Pharmaceuticals and Fidelis SeniorCare. Additionally, he served on the boards of numerous non-profit organizations.
Early Life and Education
Grousbeck was raised in Weston, Massachusetts where his father often took him to Fenway Park and Boston Garden, instilling in him an early love of sports. Grousbeck attended Noble and Greenough Prep School in Dedham where he played baseball, soccer and basketball before attending Princeton University to join their rowing team and gain his degree in history.
After graduating college, Grousbeck attended the University of Michigan Law School to obtain his Juris Doctor degree. Following that he taught at Stanford Business School before going on to serve on many non-profit and profit organizations’ boards of directors.
Grousbeck credits his motivation, sense of integrity, and confidence as the foundation of his successful entrepreneurial and co-owner of Boston Celtics NBA franchise career. Additionally, he is widely known as an accomplished public speaker.
Grousbeck began his professional life as an attorney specializing in corporate law and venture capital. This experience equipped him for later roles as a sports team owner.
Highland Capital Partners employed him for seven years as general partner, overseeing over $1.8 billion in funds during this time. He focused his investments mainly in medical technology and software sectors.
Grousbeck is also a professor at Stanford GSB and offers two highly sought-after classes, “Managing Difficult Conversations” and an aspiring entrepreneur course for small business acquisition. Both require students to interact with real people through role play while making mistakes while being encouraged to learn from these mistakes.
Achievement and Honors
Wycliffe Grousbeck credits his motivation, integrity and self-assurance with becoming the successful leader he is today. As co-owner, governor and managing partner of Boston Celtics of National Basketball Association.
He is also an active director for various companies and non-profit organizations, such as Alta Colleges, Carillon Assisted Living and Massachusetts Board of Higher Education. Additionally, he serves on the boards for William and Flora Hewlett Foundation, Newton-Wellesley Hospital and New England Eye Bank.
Grousbeck has made an impactful difference in many lives through his philanthropy work at Princeton. His commitment to community life earned him recognition from Class of 1967 PVC Citizens-Athlete Award as well as multiple accolades for business success and leadership.
Irv Grousbeck is married to Sukey Grousbeck and they share two children, Campbell Grousbeck and Kelsey Grousbeck, living together in Weston, Massachusetts. Grousbeck has been involved in many philanthropic efforts throughout his life.
He founded Continental Cablevision with Amos Hostetter Jr. and served as its president for 33 years, in addition to being a visiting lecturer at Harvard Business School between 1981 and 1985.
He co-owns the National Basketball Association franchise Boston Celtics along with his son Wycliffe “Wyc” Grousbeck and is a member of numerous profit and non-profit boards, and estimated his net worth to be $450 Million. He boasts an expansive network of friends while being highly social and giving back to the community regularly – yet remains extremely humble person who truly values people.
Grousbeck has worked tirelessly to accumulate wealth. As an entrepreneur, he owns numerous companies focused on sports. Serving as chairman or CEO for many of these entities he also acts as governor of the National Basketball Association’s Boston Celtics team.
After graduating, Grousbeck joined Highland Capital Partners as a partnership manager for nearly seven years before co-founding Boston Basketball Partners L.L.C with his father to acquire an NBA basketball team for $360 million in 2002.
In 2013, Grousbeck established Causeway Media Partners, LP as a new private equity firm. This firm currently boasts an estimated growth equity of more than $330 million and has made investments into companies producing technology and media related to sports such as Omaze Inc, Zwift Freeletics FloSports Seat Geek among many others.