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The Disruption of Venture Capital

Harvard Business Review

An organization's capabilities become its disabilities when disruption is afoot." – Clayton Christensen, The Innovator's Solution. Hedge fund investors who deploy capital in large and liquid markets can scale their time well. In November 2005, Paul Graham wrote an essay titled " The Venture Capital Squeeze."

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What Markets Do and Don’t Get About Innovation

Harvard Business Review

In 2007, Clayton Christensen co-founded Rose Park Advisors, a hedge fund devoted to investing in disruptive companies. Without theory to tell us how the rules are changing, many tools of management and finance seem to break down. Disruptive innovation Finance' But do markets really follow the logic of an academic theory?

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How Amazon Trained Its Investors to Behave

Harvard Business Review

Well, he's a hedge fund veteran who has always taken a skeptical view of Wall Street, treating it more as a loopy rich uncle than the efficient information processor of standard finance theory. Clayton Christensen has long complained that standard financial metrics can be enemies of innovation and growth. Most turn out not to.