• Joel Shulman begins developing the 15-Factor Entrepreneur Model while studying at Harvard University.

• After 11 years and 12,000+ candidates trained, CFA exam preparation business, The Shulman Review, is sold.
• Joel Shulman writes Getting Bigger by Growing Smaller with Thomas Stallkamp, former DaimlerChrysler COO

Long-Short Hedge Fund Launched

• Invest long in publicly traded entrepreneurial companies and short those deemed bureaucratic.
• $5M seed provided by a high-net-worth private investor.

Long-Only Global Mutual Fund Launched (ENTIX)

• This strategy carved out the long side of the long-short hedge fund, providing a separate record for the different performance streams. This included global equities, international equities, US large-cap, US mid-cap, US small-cap, etc, and audited by the Spaulding Group.

U.S. Small Cap Mutual Fund Launched (IMPAX)

• This strategy launched on 17 Dec. beginning as an SMA

U.S. Large Cap Mutual Fund Launched (IMPLX)

• This strategy launched on 30 June beginning as an SMA

• Long-short seed investor passes, hedge fund closes.

Founder-CEO: Rules-Based Index Launched

• Incorporates five key factors that align with motivated leadership and is computed and distributed by Reuters

Entrepreneur 30 (ENTR: Rules-Based ETF Launched

• This represents the 30 largest “Entrepreneurial” companies by market cap and incorporates 5 of 15 proprietary Entrepreneur Factor^®s utilizing a strict rules-based approach.

• New ETF fund was launched