Karen is a Senior Fellow at the Harvard Business School. She served in President Barack Obama's Cabinet as Administrator of the U.S. Small Business Administration (2009-2013). Karen’s analysis and insights on the small business lending market, the growth of fintech lending and its economic impact, are detailed in two papers: The State of Small Business Lending: Innovation and Technology and Implications for Regulation (Nov. 2016) and The State of Small Business Lending: Credit Access in the Recovery and How Technology May Change the Game (July 2014).
Prior to SBA, Karen spent 25 years in venture capital and private equity. She is the Chair of the Advisory Council of the Private Capital Research Institute, is a co-chair of the Bipartisan Policy Center’s Main Street Finance Task Force, and is a member of the Council on Foreign Relations and the Harvard Corporation.