TEST ERShares Presentation

PORTFOLIO MANAGER

Joel Shulman Ph.D., CFA

Dr. Joel Shulman is the founder and chief investment officer of EntrepreneurShares. His 30+ years of academic research led to the formation of our proprietary 15-factor investment model. Dr. Shulman is a leading academic in the field of Entrepreneurship at Babson College (ranked #1 for Entrepreneurship 18 consecutive years by U.S. News & World Report.) Dr. Shulman holds a Ph.D. in Finance and is a CFA charter holder with a Certified Management Accountant and Certified Cash Manager designation. He also earned an MPA from the JFK School of Government at Harvard University. He founded and sold The Shulman Review, a CFA test-prep company that trained over 12,000+ investment professionals in 110+ countries around the world. In addition, he provided consulting services to the World Bank and helped facilitate capital market development in Central Asian states. Dr. Shulman consulted for many small entrepreneurial firms and large corporations as well. He is the author and coauthor of numerous academic articles and books. Dr. Shulman is the author of 2004 best business book Getting Bigger by Growing Smaller and contributes regularly to a Forbes column on investing. Founder & CIO

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