Summary: Updated 10/13/2011
John Pappajohn was born in Greece. John and his
mother immigrated to Mason City, Iowa when he was
nine 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 holds dual citizenship in both the U.S. and
his native Greece.
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 to 1969. 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 15 portfolio companies in the Pappajohn Capital Resources fund and it has
averaged a 45% annual return on investments over the last 40 years.