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Don't Abandon Crowdfunding -- Manage It

Harvard Business Review

Furthermore, I understand all too keenly the complexities of determining a fair valuation for companies that are too early in their development to fit existing measurement standards and can't meet the criteria for standard bank or SBA funding. The April 2012 report estimates that 452 crowdfunding platforms (CFPs) raised nearly $1.5

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Many Companies Still Don’t Know How to Compete in the Digital Age

Harvard Business Review

Since its bankruptcy in 2012, Kodak has been a poster child for innovation incompetence: After inventing the world’s first digital camera in 1975, the conventional story goes, myopic managers allowed a bloated company to let inertia drive it off a cliff. A misunderstood story. By 2005, Kodak ranked No. digital-camera sales (No.

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Crowdfunding’s Big-Bang Moment

Harvard Business Review

But those impressive numbers may be eclipsed by a revolution in venture financing that is only being held back by final government approval: start-ups raising actual investment funds from individuals in exchange for equity or a share of profits. How big a deal is this “democratization” of finance? Last week, the U.S.