Summary: John Pappajohn
John Pappajohn was born in Greece. He and his
mother migrated to Mason City, Iowa, when he was
9 months old to join his father, a U.S. citizen. He
grew up in Mason City where he attended public
schools, and he received his BSC degree from The
University of Iowa in 1952.
He did not interview for a job upon graduation but
started his own insurance business. In 1962, he
moved to Des Moines and organized the
Guardsman Life Insurance Company (a public
company) where he was chairman of the board
from 1962 to1969. In 1969, he sold his interest and
became a venture capitalist.
Pappajohn organized Equity Dynamics, Inc., in 1969 and continues as its
president today. He also founded Pappajohn Capital Resources (a venture
capital fund primarily investing in high tech, medical, and health care projects) in
that same year. There are more than 35 portfolio companies in the Pappajohn
Capital Resources fund, and it has averaged a 208% annual return on
investments over the last 16 years.