Steven Mednick is Associate Professor of Entrepreneurship and Academic Director, Graduate Programs, at the Lloyd Greif Center for Entrepreneurial Studies at the USC Marshall School of Business and is an expert in entrepreneurship, corporate entrepreneurship, strategic alliances and angel funding. He is the past Associate Director of Marshall’s Center for Global Innovation and is an author and frequent speaker in the field. Professor Mednick currently teaches in the Marshall MBA, EMBA and Master of Medical Management programs and is a two-time winner of the Marshall Golden Apple teaching award. Education: JD, MPA, University of Southern California; BA, UCLA.
Outside of USC, he has advised over 1000 early-stage companies through his eleven-year relationship with the Small Business Administration’s Small Business Development Centers. Steve’s clients have reported over $670 million in economic impact to the SBA, and he has been awarded the SBA’s State Star for outstanding performance. Steve is also a member of Tech Coast Angels, Orange County.
During the “dot com” era, Mednick established the corporate ventures office for a $2.3 billion global computer hardware company in Silicon Valley where he contributed $100 million+ in new revenue through investments, strategic sales and alliances.
In the mid-1990s, Mednick launched and ran a new division of publicly-traded healthcare company wherein the division became cash flow positive within twelve months and established a new distribution channel of over 100 partners.
In 1990 he joined a very early stage data services company in Orange County as Vice President of Sales & Marketing and General Counsel. Within 30 months, revenues grew 945% without outside capital, marketing and sales expanded nationwide, a number of key strategic partners were established and venture capital funding was secured positioning the company for eventual purchase.