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The Problem with Groupon's Business Model

Harvard Business Review

billion to Google just a few short months ago, in November of 2010. The smart money went along, with Groupon valued at $15-20 billion, according to some observers anticipating rich pickings in the IPO-to-come. One of the fastest growing of the recent hatch of Internet darlings, the deal-a-day company was worth $5.3 But not so fast.

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Enabling the Natural Act of Entrepreneurship

Harvard Business Review

I met Slovenian entrepreneur, Sandi Cesko, in 2007 when his Ljubljana -based multi-channel retail operation, Studio Moderna , had about $70 million in sales. For example, it is nearly impossible for scaling ventures in many countries, including Brazil and Denmark, to count on an IPO for a successful exit. Even better.

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What to Do When Your Boss Says No

Harvard Business Review

Several years ago I sat down with the CEO of a fast-growing retail business. The company started as a single store, but about a decade later it was a national chain on the heels of filing an IPO. In 2010 I spent an afternoon with one of CEO Mike’s highest-performing store managers, a person I will call Ethan.

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How Singapore Became an Entrepreneurial Hub

Harvard Business Review

If you had asked Singaporeans in 2010 to identify a successful local start-up, they might have paused for a few minutes before mentioning Creative Labs. With the cautionary notes in mind, I arrived in Singapore in March 2010. Singaporeans are not,” critics would respond. “Name a Singapore start-up.

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Europe’s Other Crisis: A Digital Recession

Harvard Business Review

While 44% of EU residents shopped online in 2014, a paltry 15% bought from another member state; barely up by six and a half percentage points since 2010, according to the European Commission’s (EC) “Digital Agenda Scoreboard 2015.” Venture funding for European digital groups in 2014 remained a fifth ($7.75

Crisis 8