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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. There is a lot of emotion behind the Facebook IPO. I don't mean to suggest it will fall 70% in value after its IPO pop.

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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. When Yelp began in 2004, this would have been a devastating prospect. Yelp's timing reflects both a tech-friendly market and the company's current position as the dominant consumer-review web site.

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Should Everyone Be Allowed to Invest in Private Tech Companies?

Harvard Business Review

In addition, venture firms are constantly scouring for opportunities to get their invested company acquired, which is an increasingly attractive exit route for digital entrepreneurs, given the IPO’s long-drawn process and mandated holding-period requirements for initial investors.

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Eric Schmidt's Days at Google Always Seemed Numbered

Harvard Business Review

The fact is, Schimdt wound up playing a critical role in Google's development, including driving the move to the company's odd, but ultimately successful, IPO in 2004 — an experience he wrote about for HBR. How I Did It: Google's CEO on the Enduring Lessons of a Quirky IPO. "Good answer," Page quickly added.

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Just How Risky Is Entrepreneurship, Really?

Harvard Business Review

By contrast, of 5,000 businesses started in 2004, almost 56% were still in business in 2010, despite suffering through a brutal economic downturn. A quarter of first-time venture-backed firms are acquired for at least $50 million or file for an IPO.

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An Insider’s Account of the Yahoo-Alibaba Deal

Harvard Business Review

The idea was simple: Combine the best of both companies into the new Yahoo China, which was projected to generate more than $25 million in revenue in 2004. We were optimistic about Yahoo’s future in China as the deal closed in January 2004. billion — the world’s biggest internet offering since Google’s IPO in 2004.

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

Harvard Business Review

After five years, in 2004, Tickle was profitable with more than $20 million in revenue; it received an acquisition offer for $100 million, as well as IPO entreaties. That was the general consensus after one of my favorite HBS classes: an entrepreneurship case on a company called Tickle.

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