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Three Headwinds for Facebook's IPO

Harvard Business Review

When I logged into the site for the first time in the spring of 2004, I was prepared to hate the service. And despite all of Facebook's user support, investors should be skeptical of the company's pricey IPO. As of yet, the company has not built out a compelling mobile advertising platform. display advertisements online.

IPO 13
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Should Everyone Be Allowed to Invest in Private Tech Companies?

Harvard Business Review

The SEC Chairman recently announced a policy initiative to enable the ordinary investors to invest in private companies. Currently, only wealthy accredited investors are allowed to invest in private companies. Many public traded companies, such as Alphabet, Intel, and Apple are, in part, venture capitalists in disguise.

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Yelp's IPO Will Test the Flaws in Its Business Model

Harvard Business Review

Yelp's IPO filing comes hot on the heels of successful IPOs and high valuations for Angie's List and Groupon. Yelp's timing reflects both a tech-friendly market and the company's current position as the dominant consumer-review web site. When Yelp began in 2004, this would have been a devastating prospect.

IPO 14
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Can Your Company Survive a Bubble?

Harvard Business Review

This is the kind of thing that can drive people outside of quantitative finance a little crazy ; there's no reference to company fundamentals, just "sophisticated volatility estimation techniques combined with the method of reproducing kernel Hilbert spaces." What should executives do when their company is caught up in a bubble?

Company 14
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Founding a Company Doesn’t Have to be a Big Career Risk

Harvard Business Review

“I’m so glad we read that case — I’m NEVER going to start a company.”. That was the general consensus after one of my favorite HBS classes: an entrepreneurship case on a company called Tickle. But the company had almost failed several times, and even success was brutal.

Career 8
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Eric Schmidt's Days at Google Always Seemed Numbered

Harvard Business Review

When I wrote a cover story on Google for Time magazine in 2006 , there was a widespread sense in the industry that CEO Eric Schmidt had been brought into Google ( he had previously been CEO of Novell ) to provide "adult supervision" to the kids who had founded the company. How I Did It: Google's CEO on the Enduring Lessons of a Quirky IPO.

IPO 15
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Just How Risky Is Entrepreneurship, Really?

Harvard Business Review

But the conventional position is nonsense; building new companies is far more sensible than the practical will admit. By contrast, of 5,000 businesses started in 2004, almost 56% were still in business in 2010, despite suffering through a brutal economic downturn. Not everyone is suited to join a new company.