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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. It was just weeks until Zuckerberg's addictive platform won me over.

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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.

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Should Everyone Be Allowed to Invest in Private Tech Companies?

Harvard Business Review

In addition, given their quest for organization leanness, digital startups seek investors who have the expertise to help outsource their noncore business functions, such as production, distribution, marketing, and payroll processing. Gone is the heyday of the 1990s when firms with simply an idea and little or no revenues could do an IPO.

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Just How Risky Is Entrepreneurship, Really?

Harvard Business Review

Steve Jobs , Mark Zuckerberg, and Michael Dell make fine fodder for commencement speeches, but when parents and career counselors thrust graduates into the job market, the default isn't entrepreneurship, it's corporate serfdom. 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

At the time, though, we were just in search of a new approach to building a sustainable business in that critical but often difficult market. In fact, you could say (and many did) that our previous attempts had failed, in that we hadn’t established a sustained market position. Things hadn’t gone well up until that point.

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The Dell Deal Explained: What a Successful Turnaround Looks Like

Harvard Business Review

And last year, he decided that the answer was to take the company private, to escape the hectoring of the public market. In 2004, Michael Dell left the company, replaced by Kevin Rollins, a former Bain consultant who joined the company in 1996. For more background on the potential deal, click here.) Dell returned as CEO in 2007.

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?Numbers Show Apple Shareholders Have Already Gotten Plenty

Harvard Business Review

Icahn later reduced his buyback request to $50 billion, and in April 2014 Apple’s board approved a $30 billion program to be carried out by repurchasing its shares on the open market — either by just buying shares outright or doing it indirectly via accelerated share repurchases. trillion on buybacks (51% of net income) and another $2.3