Andrew Zacharakis
- Professor
- John H. Muller, Jr. Professor of Entrepreneurial Studies
Academic Division: Entrepreneurship
Academic Degrees
- Ph D, University of Colorado
- MBA, Indiana University
- BS, University of Colorado
Academic Interest / Expertise
Entrepreneurship; Venture Capital; New Venture CreationAwards & Honors
- 2020 — NFIB Award for Best Paper at BCERC 2019, National Federation of Independent Business
- 2017 — Dean's Award for Excellence in Executive Education Teaching, Babson Executive Education
- 2016 — Mentor Award, Academy of Management Entrepreneurship Division
- 2015 — Top 100 Entrepreneurship Professors in the World, 2015, Hot Topics
- 2007 — Edwin M. & Gloria Appel Prize, Price-Babson Fellows Program
- 2003 — NamGok Academic Award, The Korean Journal of Financial Management
Courses
Degree Courses 2024
- EPS 7800 ENTREPRENEURSHIP
- EPS 7500 NEW VENTURE CREATION
Degree Courses 2023
- EPS 7800 ENTREPRENEURSHIP
- EPS 7500 NEW VENTURE CREATION
Publications
Journal Articles
- Scarlata, M., Alemany, L., Zacharakis, A.L. (2024). A gendered view of risk taking in Venture Philanthropy. Journal of Social Entrepreneurship.
- Souakri, A., Coeurderoy, R., Zacharakis, A.L. (2023). Valuing failure: An experiment of VC reactions to an entrepreneur’s record of business creation. Journal of Small Business Management. Vol: 61, Issue: 5, Page: 2350–2381.
- Ademi, P., Schuhmacher, M., Zacharakis, A.L. (2023). Investing in digital technology ventures: A conjoint analysis of corporate venture capital investment managers’ decision-making. . Entrepreneurship Theory and Practice. Vol: 47, Issue: 6, Page: 2293-2322.
- Zacharakis, A.L. (2021). How Babson is improving the relevance and reach of scholarly research.
- Scarlata, M., Walske, J., Zacharakis, A.L. (2017). Ingredients Matter: How the Human Capital of Philanthropic and Traditional Venture Capital Differs. Journal of Business Ethics. Vol: 145, Issue: 3, Page: 623-635.
- Drover, W., Wood, M.S., Zacharakis, A.L. (2017). Attributes of Angel and Crowdfunded Investments as Determinants of VC Screening Decisions. Entrepreneurship Theory and Practice. Vol: 41, Issue: 3, Page: 323-347. Wiley Online Library.
- Scarlata, M., Zacharakis, A.L., Walske, J. (2016). The effect of founder experience on the performance of philanthropic venture capital firms. International Small Business Journal. Vol: 34, Issue: 5, Page: 618-636. Sage Publications Ltd..
- Zacharakis, A.L., Zeyen, A., Beckmann, M., Mueller, S., Dees, J.G., Khanin, D., Krueger, N., Murphy, P.J., Santos, F., Scarlata, M., Walske, J. (2013). Social Entrepreneurship and Broader Theories: Shedding New Light on the ‘Bigger Picture’. Journal of Social Entrepreneurship. Vol: 4, Issue: 1, Page: 88-107. Routledge. link
- Drover, W., Zacharakis, A.L. (2013). Crowdfunding’s Impact on the entrepreneurial equity food chain. Ivey Business Journal (Business Quarterly). Vol: July/August. Ivey Management Services. link
- Zacharakis, A.L., Jno-Charles, A.B. (2013). Signaling legitimacy: An analysis of media for successful and failing new ventures. Frontiers of Entrepreneurship Research.
- Scarlata, M., Alemany, L., Zacharakis, A.L. (2012). Philanthropic Venture Capital: Venture Capital for Social Entrepreneurs?. Foundations and Trends in Entrepreneurship. Vol: 8, Issue: 4, Page: 279-342. Now Publishers Inc.. link
- Zacharakis, A.L., Erikson, T., George, B.A. (2010). Conflict Between the VC and Entrepreneur: The Entrepreneur's Pespective. Venture Capital: An International Journal of Entrepreneurial Finance. Vol: 12, Issue: 2, Page: 109-126.
- Walske, J., Zacharakis, A.L. (2009). Genetically engineered: Why some venture capital firms are more successful than others. Entrepreneurship Theory and Practice.
- Zacharakis, A.L., Walske, J.M., Smith-Doerr L, L. (in press). Effects of Venture Capital Syndication Networks On Entrepreneurial Success. Frontiers of Entrepreneurship Research. Babson College Publishing.
- Zacharakis, A.L., Busenitz, L., West, G.P., Shepherd, D., Nelson, T., Chandler, G. (2007). Entrepreneurship in Emergence: Fifteen Years of Entrepreneurship Research in Management Journals. Small Business and Entrepreneurship. Sage Publications.
- Zacharakis, A.L., McMullen, J., Shepherd, D.A. (2007). Venture Capitalists’ Decision Making Across Three Countries: An Institutional Theory Perspective. Journal of International Business Studies. Vol: 38, Issue: 5, Page: 691-708.
- Zacharakis, A.L., Shepherd, D.A. (2005). A Non-Additive Decision-Aid for Venture Capitalists’ Investment Decisions. European Journal of Operational Research. Vol: 162, Issue: 3, Page: 673-689.
- Zacharakis, A.L., Shepherd, D.A. (2003). A New Venture’s Cognitive Legitimacy: An Assessment by Customers. Journal of Small Business Management. Vol: 41, Issue: 2, Page: 148-167.
- Zacharakis, A.L., Altman, J. (2003). An Integrated Model for Corporate Venturing. Journal of Private Equity. Vol: 6, Issue: 4, Page: 68-76.
- Zacharakis, A.L., West, G.P., Chandler , G., Nelson, T., Shepherd, D., Busenitz, L. (2003). Entrepreneurship In Emergence: Fifteen Years of Entrepreneurship Research In Management Journals. Journal of Management. Vol: 29, Issue: 3, Page: 285-308.
- Zacharakis, A.L., Neck, H.M., Bygrave, W.D., Reynolds, P. (2003). Global Entrepreneurship Monitor: National Entrepreneurship Assessment: United States of America. Babson College Publishing.
- Zacharakis, A.L., Shepherd, D.A., Coombs, J.E. (2003). The Development of Venture Capital-Backed Internet Companies: An Ecosystem Perspective. Journal of Business Venturing. Vol: 18, Issue: 2, Page: 217 - 231.
- Zacharakis, A.L., Baron, R.A., Shepherd, D.A. (2003). Venture Capitalists’ Decision Processes: Evidence Suggesting More Experience May Not Always Be Better. Journal of Business Venturing. Vol: 18, Issue: 3, Page: 381-401.
Books
- Zacharakis, A.L., Corbett, A.C., Bygrave, W.D. (2020). Entrepreneurship, 5th Edition. Issue: 5, Page: 464. Wiley. link
- Bygrave, W.D., Zacharakis, A.L. (2014). Entrepreneurship. Issue: 3rd, Page: 593. Wiley.
- Zacharakis, A.L., Spinelli, S., Timmons, J. (2011). Business Plans that Work: A Guide for Small Business . Issue: 2nd. McGraw-Hill.
- Bygrave, W.D., Zacharakis, A.L. (2010). Entrepreneurship. Issue: 2nd, Page: 632. Wiley.
- Zacharakis, A.L., Bygrave, W.D. (2009). The Portable MBA in Entrepreneurship. Issue: 4th. Wiley.
- Zacharakis, A.L., Bygrave, W.D. (2008). Entrepreneurship. Vol: 1. Wiley.
- Zacharakis, A.L., Spinelli, S. (2006). Entrepreneurship: The Engine of Growth, Volume 2: Entrepreneurship. Vol: 2. Greenwood Publishing.
- Zacharakis, A.L., Timmons, J.A., Spinelli, S. (2005). How to Raise Capital. McGraw-Hill.
- Zacharakis, A.L., Timmons, J.A., Spinelli, S. (2004). Business Plans that Work. McGraw-Hill.
- Zacharakis, A.L., Bygrave, W.D. (2004). The Portable MBA in Entrepreneurship, 3rd Edition. Issue: 3. Wiley.
Cases and Teaching Notes
- Chin, S., Zacharakis, A.L. (2025). ONSUNDAYS Business Plan Brief: Entrepreneurship, 6th Edition. Wiley.
- Chin, S., Zacharakis, A.L. (2025). ONSUNDAYS Pro Forma Financials. Wiley.
- Zacharakis, A.L., Castillo, P. (2023). Design a Better Cable Trainer: Design a Better Cable Trainer. Babson Case Collection.
- Zacharakis, A.L., Shaffran, S. (2021). Auction Mobility.
- Shaffran, S., Zacharakis, A.L. (in press). Raised Right: Raised Right.
- Zacharakis, A.L., Marram, E.P., Hinojoso, A. (2018). Esporte Interativo: Esporte Interativo. Babson Case Collection.
- Zacharakis, A.L., Marram, E.P. (2018). Esporte Interativo: Esporte Interativo.
- Zacharakis, S., Zacharakis, A.L., Gale, M.D. (2018). InnerCity Weightlifting. Babson Case Collection.
- Simonian, A., Zacharakis, A.L. (2017). MightyWell: Babson Case Collection.
- Berglind, E., Zacharakis, A.L. (2016). Balanced Snacking. Babson College.
- Quintana, G., Ripke, T., Zacharakis, A.L. (2016). Crowdfunding: A tale of two campaigns. Babson College.
- Zacharakis, A.L., Zinn, B. (2012). MetaCarta: Growing a Company, Do We Take the VC Money?. Page: 11. Babson College.
- Zacharakis, A.L., Zinn, B. (2012). MetaCarta: Growing a Company, Do We Take the VC Money? - Teaching Note. Page: 9. Babson College.
- Zacharakis, A.L., Jutz, R. (2008). Case: Feed Recovery Resource. Babson College Case Publishing.
- Zacharakis, A.L., Walske, J., Hedberg, C. (2007). Case: Bladelogic. Babson College Case Publishing.
Book Chapters
- Zacharakis, A.L., Shepherd, D. (2019). Reflection on Conjoint Analysis: Reflections and Extensions of Key Papers of the First Twenty-Five Years of Advances. Vol: 20, Page: 185-198. Emerald Publishing Limited.
- Shepherd, D., Zacharakis, A.L. (2019). Conjoint Analysis: A Window of Opportunity for Entrepreneurship Research: Reflections and Extensions on Key Papers of the Twenty-Five Years of Advances. Vol: 20, Page: 149-184. Emerald Publishing.
- Walske, J., Scarlata, M., Zacharakis, A.L., , . (2018). Comparing founders’ specific human capital in traditional versus philanthropic venture capital firms: Handbook of Finance and Sustainability. Page: 287-303.. Edward Elgar.
- Shepherd, D., Zacharakis, A.L. (2016). Conjoint analysis: A new methodological approach for researching venture capitalists’ decisions: Decision Making in Entrepreneurship: Selected Essays of Dean A. Shepherd. Edward Elgar.
- Shepherd, D., Zacharakis, A.L. (2016). Structuring family business succession: An analysis of the future leader’s decision making: Decision Making in Entrepreneurship: Selected Essays of Dean A. Shepherd. Edward Elgar.
- Zacharakis, A.L., Shepherd, D. (2016). The nature of information and overconfidence on venture capitalists’ decision making: Decision Making in Entrepreneurship: Selected Essays of Dean A. Shepherd. Edward Elgar.
- Zacharakis, A.L., McMullen, J., Shepherd, D. (2016). VC decision making across three countries: An institutional theory perspective.: Decision Making in Entrepreneurship: Selected Essays of Dean A. Shepherd. Edward Elgar.
- Fixson, S.K., Greenberg, D., Zacharakis, A.L. (2015). Leading entrepreneurial action project (LEAP): A project course integrating three disciplines: Evolving Entrepreneurial Education: Innovation in the Babson Classroom. Page: 175-190. Emerald.
- Shepherd, D., Zacharakis, A.L. (2015). Venture Capital Research. Vol: 3, Page: 1-4. Wiley. link
- Zacharakis, A.L. (2014). Exercises to practice empathy: Interviewing an entrepreneur and self-assessment: Teaching Entrepreneurship: A Practice-Based Approach. Page: 164-167. Edward Elgar Pub.
- Zacharakis, A.L. (2014). Exercises to practice experimentation: Escalating market tests: Teaching Entrepreneurship: A Practice-Based Approach. Page: 247-249. Edward Elgar Pub.
- Zacharakis, A.L. (2014). Exercises to practice experimentation: Opportunity screening: Teaching Entrepreneurship: A Practice-Based Approach. Page: 250-253. Edward Elgar Pub.
- Walske, J., Zacharakis, A.L. (2012). Keys to Fundraising Success in Nascent Venture Capital Firms: The Oxford Handbook of Venture Capital. Page: 130-155. Oxford University Press.
- Zacharakis, A.L. (2009). Venture capitalists decision making: An information processing perspective: Companion on Venture Capital. Wiley.
- Zacharakis, A.L., Shepherd, D. (2007). The Pre-Investment Process: VCs’ Decision Policies: The Handbook of Research on Venture Capital. Page: 177-192.
- Zacharakis, A.L., Spinelli, S. (2006). The Entrepreneurial Process: An Introduction: Entrepreneurship: The Engine of Growth. Vol: 2, Page: ix-xv. Greenwood Publishing.
- Zacharakis, A.L., Eckermann, M. (2006). Venture Capital Financing: Entrepreneurship: The Engine of Growth. Vol: 2, Page: 109-134. Greenwood Publishing.
- Zacharakis, A.L., Shepherd, D.A. (2005). Venture Capital: Encyclopedia of Entrepreneurship. Page: 245-246. Blackwell.
- Zacharakis, A.L. (2004). Building Your Pro Forma Financial Statements: The Portable MBA in Entrepreneurship. Issue: 3, Page: 141-166. Wiley.
- Zacharakis, A.L., Shepherd, D.A. (2004). Income Disparity and Entrepreneurship: Next Generation Business Handbook. Page: 811-829. Wiley.
- Zacharakis, A.L. (2004). Writing a Business Plan: The Portable MBA in Entrepreneurship. Issue: 3, Page: 107-140. Wiley.
- Zacharakis, A.L., Meyer, G.D., DeCastro, J.O. (2003). Differing Perceptions of New Venture Failure: A Matched Exploratory Study of Venture Capitalists and Entrepreneurs: Venture Capital. Vol: 3, Page: 258-271. Edward Elgar.
- Zacharakis, A.L., Shepherd, D.A. (2003). The Nature of Information and Overconfidence On Venture Capitalists’ Decision Making: Venture Capital. Vol: 2, Page: 124-144. Edward Elgar.
Reports
- Neck, H.M., Zacharakis, A.L., Bygrave, W.D., Reynolds, P. (2003). National entrepreneurship assessment, United States 2002 Executive Report: Global Entrepreneurship Monitor. Kauffman Center for Entrepreneurial Leadership .
- Neck, H.M., Zacharakis, A.L., Bygrave, W.D. (2002). National entrepreneurship assessment, United States 2001 Executive Report: Global Entrepreneurship Monitor. Kauffman Center for Entrepreneurial Leadership.
Working Papers
- Erikson, T., Zacharakis, A.L. (2009). Exploring the venture capitalist-entrepreneur relationship: The effect of conflict upon confidence in partner cooperation.
Conference Proceedings
- Zacharakis, A.L., Boguslavskaya, A. (2013). Signaling Legitimacy: An Analysis of Media As An Indicator Of New Venture Success: Frontiers of Entrepreneurship Research. Babson College.
- Scarlata, M., Zacharakis, A.L., Walske, J. (2011). enture capitalists’ vs. philanthropic venture capitalists’ human capital: an exploratory study: Frontiers of Entrepreneurship Research. Vol: 31, Issue: 2.
- Corbett, A.C., Zacharakis, A.L. (2010). Frontiers of Entrepreneurship Research: Proceedings of the 30th Annual Entrepreneurship Research Conference. Babson College.
Other
- Alemany, L., Scarlata, M., Zacharakis, A.L. (2020). How the gender balance of investment teams shapes the risks they take. : HBR Online. Page: https://hbr.org/2020/12/how-the-gender-balance-of-investment-teams-shapes-the-risks-they-take. Harvard Business Review Online.
- Zacharakis, A.L., Jno-Charles, A.B. (2017). Why Startups Shouldn’t Chase Media Buzz. Harvard Business Review. link
- Rutherford, M., Zacharakis, A.L. (2015). Strategic Bootstrapping. Page: 120. Business Expert Press.
- Zacharakis, A.L. (2014). Financing New Ventures: An Entrepreneur's Guide to Business Angel Investment, by Geoffrey Gregson. Page: 268. Business Expert Press.
- Zacharakis, A.L., Brush, C.S., Bruton, G., Corbett, A.C., Dimov, D., Edelman, L., Gruber, M., Honig, B., Leleux, B., Matusik, S., Schindehutte, M., Sohl, J., Sorheim, R. (2013). Frontiers of Entrepreneurship Research: Proceedings of the 32nd Annual Entrepreneurship Research Conference. Vol: 32. Babson College. link
- Zacharakis, A.L., Carter, S., Corbett, A.C., Delmar, F., Edelman, L., Gruber, M., Honig, B., Kelley, D.J., Kickul, J., Lelux, B., Lumpkin, T., Marino, L., Schindehutte, M. (2012). Frontiers of Entrepreneurship Research: Proceedings of the 31st Annual Entrepreneurship Research Conference. Vol: 31. Babson College. link