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Toby E. Stuart - Haas School of Business, University of California, Berkeley. Berkeley, CA, US

Toby E. Stuart Toby E. Stuart

Professor | Leo Helzel Chair in Entrepreneurship and Innovation | Faculty Director, Berkeley Haas Entrepreneurship Program | Distinguished Teaching Fellow | Haas School of Business, University of California, Berkeley



Areas of Expertise (2)


Corporate Strategy


Toby E. Stuart is the Helzel Chair in Entrepreneurship, Strategy & Innovation; Faculty Director of the Berkeley Haas Entrepreneurship Program; the Associate Dean for External Affairs; and Faculty Director of the Institute for Business Innovation at the Haas School of Business, UC Berkeley. In 2021, he is also Visiting Professor at the Harvard Busines School. Previously, he has served as: The Charles Edward Wilson Professor at Harvard Business School; The Samberg Professor and Faculty Director of the Lang Center for Entrepreneurship at Columbia University’s Business School; and the Fred Steingraber-A.T. Kearney Professor of Leadership & Strategy at University of Chicago’s Booth School of Business. He received his PhD from the Graduate School of Business, Stanford University. He holds an AB, summa cum laude, in economics from Carleton College.

At Harvard Business School and Columbia Business Schools, Stuart was course head for the MBA-level required courses in Entrepreneurship and Strategy Formulation, respectively. He has also taught executive education courses and served as an advisor to senior executives around the world on corporate strategy, M&A, innovation and technology strategy, leadership, entrepreneurship, venture capital and private equity.

Currently, Stuart is a member of the board of directors (audit committee) at HNTB Holdings, the largest private transportation engineering firm in the United States. He is co-founder and a board member (chair, audit committee) of Flock Freight, a VC-backed “unicorn” tech-logistics company that algorithmically carpools industrial freight. Stuart also is proud to have cofounded the Black Venture Institute. He also serves on the board of FLYRLabs, an AI-based revenue optimization company for the airline industry, and of Atmosfy. Previously, Stuart served as a Venture Partner at Avid Park Venture.

Stuart is the recipient of the 2007 Kauffman Prize Medal for Distinguished Research in Entrepreneurship, which is granted every second year to recognize one individual’s contributions to entrepreneurship research. He has received the Dean’s Award for Teaching Excellence at Columbia Business School; the Award for Teaching Excellence at Cornell University’s NY-Tech campus; and is a multiple-recipient of the Cheit Award for Teaching Excellence at Berkeley Haas. He has won the Administrative Science Quarterly’s Scholarly Contribution (best paper) award, and many other recognitions for scholarly contributions.

Education (2)

Stanford University, Graduate School of Business: PhD, Business

Carleton College: BA, Economics

Summa Cum Laude

Honors & Awards (17)

Oliver Williamson Award, the highest faculty prize at Berkeley-Haas


Chiet Award for Teaching Excellence in the Executive MBA program, Haas School of Business


Chiet Award for Teaching Excellence in the Full time MBA program, Haas School of Business


Fellow, the Reputation Institute, Oxford University


Elected to Sociological Research Association


University of Southern California’s Grief Award for Research Impact for paper in Entrepreneurship


Ewing Marion Kauffman Foundation Prize Medal for Distinguished Research in Entrepreneurship


Administrative Science Quarterly’s Award for Scholarly Contribution


Dean’s Award for Teaching Excellence, Columbia Business School


NSF Research Grant


Voted “outstanding faculty member” by MBA students in Business Week’s Guide to the Best Business Schools


Research grants from the Kauffman Center for Entrepreneurial Leadership

2001, 2000, 1999, 1998

FMC Scholar, Graduate School of Business, University of Chicago


State Farm Doctoral Dissertation Fellowship


Doctoral Program Merit Scholarship, Stanford University


Awarded stipend to participate in Stanford Seminar on Social Theory


National Doctoral Fellowship, AACSB


Selected External Service & Affiliations (9)

  • Doctoral Policy Committee, Harvard Business School
  • EM Unit Doctoral Coordinator, Harvard Business School
  • Academic Director, Lang Center for Entrepreneurship, Columbia Business School
  • Head of Management Department doctoral program, Columbia Business School
  • Chair of Management Department search committee, Columbia Business School
  • Head of doctoral program in O&M group, Chicago
  • Administrative head of O&M group, Chicago
  • Editorial Board Member: Strategic Entrepreneurship Journal, Strategic Management Journal, Research Policy, Administrative Science Quarterly, Industrial and Corporate Change
  • Ad Hoc Reviewer: American Journal of Sociology, American Sociological Review, Administrative Science Quarterly, Strategic Management Journal, Academy of Management Review, Academy of Management Journal, Management Science, Organization Science, Industrial and Corporate Change, Journal of Law and Economics, Sociological Quarterly.

Positions Held (1)

At Haas since 2010

2012 – present, Professor, Haas School of Business 2012 – present, Leo Helzel Chair in Entrepreneurship and Innovation, Haas School of Business 2012 – present, Faculty Director, Lester Center for Entrepreneurship 2010 – 2012, Visiting Professor, Haas School of Business 2006 – 2010, Charles Edward Wilson Professor of Business Administration, Harvard Business School 2004 – 2006, Arthur J. Samberg Professor of Leadership and Strategy; Academic Director, Lang Center for Entrepreneurship, Columbia Business School 2000 – 2003, Fred Steingraber A.T. Kearney Professor of Organizations & Strategy, Graduate School of Business, University of Chicago 1999, Associate Professor of Organizations & Strategy, Graduate School of Business, University of Chicago 1995 – 1999, Assistant Professor of Organizations & Strategy, Graduate School of Business, University of Chicago 1989 – 1991, Research Associate, Graduate School of Business, Harvard University

Media Appearances (6)

BLCK VC launches educational initiative to bring more Black entrepreneurs into investing ecosystem

TechCrunch  online


Berkeley Haas is one of the partners in the new Black Venture Institute, an educational program dedicated to opening up closed networks that have blocked Black entrepreneurs from advancing and increasing the number of Black VCs. Prof. Toby Stuart, the Leo Helzel Chair in Entrepreneurship and Innovation and the faculty director of the Berkeley Haas Entrepreneurship Program, will serve as faculty director for the institute’s first cohort of 50 students, teaching the online course through Berkeley Executive Education.

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UC Berkeley Researchers: Opioid Addiction Is A Family Affair

KCBS Radio  radio


Researchers Toby Stuart and Mathijs de Vaan of Berkeley Haas have uncovered another possible reason the opioid crisis has gotten so bad in the U.S.: family connections.

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Is the Opioid Epidemic Driven By Family Consumption?

The Crime Report  online


The study, conducted by Mathijs de Vaan and Toby Stuart, sociologists at the Haas School of Business of the University of California at Berkeley, found that if one family member uses prescription opioids, it’s likely that others in the family will soon be using them, too. The researchers analyzed hundreds of millions of medical claims and nearly 14.5 million opioid prescriptions in Massachusetts between 2010 and 2015.

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Building Diversity: The People That Analytics Often Leaves Behind

Knowledge @ Wharton  online


Facebook’s global director of diversity Maxine Williams recounted at the Wharton People Analytics Conference how in a previous position with a global law firm, she spent two years living in Geneva. She submitted the necessary paperwork to rent an apartment there. After she had moved in, the cleaning person for the previous tenant knocked on the door to see if the new renter wanted to continue the service.

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Want to launch your own business? Working for a startup is a great way to begin

The Globe and Mail  online


If you want to become an entrepreneur, there are few better ways to learn than going to work at a startup. Doing so will give you a fantastic network of future collaborators and provide you with the essential skills needed for running your own firm.

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The Tampon of the Future

The New York Times  print


'“Men had more helpful social networks for getting ideas and commercial activities off the ground,” said Toby Stuart, a professor at the Haas School of Business at the University of California, Berkeley, who was an author of the study. “A prominent male faculty member may make noise at a university’s technology-transfer office if he doesn’t get what he wants, and he also has relationships outside the university and he’s more likely to know venture capitalists.” Meanwhile, “a female professor doesn’t tend to know as many people in industry...'”

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Selected Papers & Publications (9)

Fraud and Innovation

Administrative Science Quarterly

Toby Stuart, Yanbo Wang, Jizhen Li


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Does Intra-household Contagion Cause an Increase in Prescription Opioid Use?

American Sociological Review

Toby Stuart, Mathijs de Vaan


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Status Spillovers

Administrative Science Quarterly

Toby E Stuart, Pierre Azoulay, Brian Reschke


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The Matthew Effect and Lucan Lawyer: Outlining an Ecological Approach to Status Research

Journal of Management Inquiry

Toby E Stuart, Brian Reschke


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Social Influence Given (partially) Deliberate Matching: Career Imprints in the Creation of Academic Entrepreneurs

American Journal of Sociology

Pierre Azoulay, Christopher C Liu, Toby E Stuart


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The Role of Optimal Distinctiveness and Homophily in Online Dating


Danaja Maldeniya, Arun Varghese, Toby E Stuart, Daniel M Romero


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Who Cooks the Books in China, and Does It Pay?

Strategic Management Journal

Toby E Stuart, Yanbo Wang


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An Intraorganizational Ecology of Individual Attainment

Organization Science

Toby E Stuart, Chris Liu and Sameer Srivastava


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3D Robotics: Disrupting the Drone Market

California Management Review

Toby Stuart and Chris Anderson


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