Booth start-up gets funding from a renowned investor whose work the founders studied in their entrepreneurial finance course
Chicago Booth Magazine
The Booth class, Entrepreneurial Finance and Private Equity, features a case study on a 30-year-old financial-data company founded by the entrepreneur and tech investor Jeff Parker. When David Kedmey, ’08, and Xiao-Ping (Steven) Zhang, ’08, took the class, little could they have imagined that Parker one day would invest in their start-up and serve as chairman of their company’s board.
It was at Booth that the pair came up with the idea for software that could discern recurring patterns in financial and economic time-series data, such as stock prices or housing starts. In the years following graduation, the pair developed EidoSearch (eido is a Greek word that means to perceive or discern). The Toronto-based software company applies information-processing techniques to make time-series data searchable.
Full article published in Chicago Booth Magazine, Spring 2014