The Horizons Tracker

MAY 2, 2022

“Our findings have important practical implications and highlight the need for better theories of the role of the founding team in entrepreneurship and venture financing.” ” Of course, such detachment from reality has been shown to have dire consequences, with famous cases such as WeWork and Theranos demonstrating the point.

Venture Capitalist 99

Venture Capitalist Entrepreneur IPO Finance 99

The Horizons Tracker

MAY 24, 2021

The valuations placed on each venture by the VC were assessed via something known as the pre-money valuation, while the long-term success of each venture was measured by the exit for the firm, whether via acquisition or IPO. Despite this, Twitter activity did influence the VC investments.

Venture Capitalist 97

Venture Capitalist IPO Long-term Comparison 97

The Horizons Tracker

DECEMBER 19, 2019

The data showed that trademarks often helped obtain better terms when raising finance, and were generally a good predictor of future success, both as a private firm and later on when they go public.

IPO 52

IPO Venture Capitalist Finance Advertising 52

Decker Communication

NOVEMBER 21, 2019

It means being an excellent communicator in every facet of business life, from short rides on the elevator to IPO roadshows, from team meetings to industry events, and everything in between. Every communication experience is an opportunity to influence. .

Decentralization 81

Decentralization Blanchard IPO Call Center 81

Strategy Driven

SEPTEMBER 9, 2020

It can involve investors, the public in the form of an IPO, or even, family members that are backing you. Well, it is, and it isn’t. Many people believe that entrepreneurism is all about private ventures, that don’t necessarily involve a bank. But why not a bank?

Banking 92

Banking IPO System Entrepreneur 92

Harvard Business Review

AUGUST 28, 2014

Lending Club, a San Francisco-based peer-to-peer lending start-up, filed for an IPO yesterday, hoping to raise half a billion dollars at a $5 billion valuation. Finance Small/medium business Technology' But as of earlier this year, the company has expanded into the world of commercial loans , specifically for small businesses.

IPO 8

IPO Due Diligence Credit Scoring Banking 8

Harvard Business Review

MAY 15, 2012

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. Whether Facebook IPOs for 80B or 100B, the venture funds that invested prior to 2011 will have plenty of capital to return to their limited partners. Facebook is not Groupon.

IPO 12

IPO Advertising IRR Venture Funding 12

Harvard Business Review

MARCH 1, 2017

Traditionally, companies target angel investors in the early stages of a new business, and later look to venture capitalists, eventually culminating in an initial public offering (IPO) on a stock exchange. The unstoppable force of blockchain technology is barreling down on the infrastructure of modern finance.

Finance 8

Finance IPO Banking Venture Capitalist 8

Harvard Business Review

OCTOBER 26, 2011

A star example is Google, which raised a mere $40 million in private funding before its IPO at a $23 billion valuation. While there has not been a defining exit in clean energy akin to the "Netscape moment" for the internet, there have been numerous recent IPOs in the biofuels sector.

Energy 10

Energy Finance IPO Biotechnology 10

Harvard Business Review

MAY 17, 2012

I had a front row seat to one of the most successful IPO's of the dot-com boom. On day one, because we did not yet have a general counsel, the company told me — the only ex-lawyer then on staff — to manage the IPO. So what actually happens inside a company on IPO day? The screen flickered. We cheered! Just like that.

IPO 11

IPO Lewin CTO Conference 11

Harvard Business Review

AUGUST 27, 2018

The number of listed firms can decline because of three developments: 1) bankruptcy, failure, or closure of listed firms, 2) delisting of firms going private or acquired, and 3) decrease in number of initial public offerings (IPOs). Chief finance officers increasingly question the ability of a day trader to value a digital company.

IPO 11

IPO Company First-mover Advantage Intangible Assets 11

Harvard Business Review

SEPTEMBER 13, 2013

Between now and the IPO, every bit of information about the company’s finances and other metrics will be closely scrutinized. Research shows that firms’ management teams influence the success of their IPOs. Finance Tech industry' But one key variable is missing from that list: people.

IPO 8

IPO Execution Incentives Finance 8

Harvard Business Review

JULY 19, 2016

In venture capital-financed, high-growth technology startups, only 9% of entrepreneurs are women. Of course, VC-financed tech startups are different from the general workforce. They suggest that’s why female entrepreneurs have trouble securing financing from venture capitalists. That’s really low.

Venture Capitalist 8

Venture Capitalist Finance Succession IPO 8

Strategy Driven

SEPTEMBER 4, 2018

As a consequence, public firms often have access to many different credit facilities and financing options that private companies do not enjoy. When it comes to fulfilling this end, the usual route to going public involves an initial public offering , also known as an IPO. But IPOs also come with some steep costs and excessive risks.

IPO 62

IPO Real Estate Cost Company 62

Harvard Business Review

MARCH 7, 2017

As Pete Ramstad and I note in Beyond HR , leaders often have far better developed frameworks for the value proposition of the finance function than for HR. Uber apparently lacked oversight about sexual harassment behavior; it seems far less likely that such oversight would be lacking when it comes to finance.

Compliance 11

Compliance Hedge Human Capital Finance 11

Harvard Business Review

FEBRUARY 6, 2012

The forthcoming Facebook IPO gives us lots to talk about. The first order explanation is that the founding CEO didn't have the wealth to keep the revenue stream and so had to sell the claim to finance the company's expansion: they gave up a large share of the claim on revenue but kept control. So why IPO?

IPO 14

IPO Incentives Entrepreneur Business Model 14

Harvard Business Review

AUGUST 1, 2011

Microfinance has come under fire in the past 18 months, triggered in part by SKS Microfinance's IPO. The IPO, the new regulations, and a call for Dr. Yunus's retirement from Grameen Bank have led some to doubt the whole notion of microfinance. When you deny access to education, finance, housing, and health care, the poor remain poor.

Microfinance 12

Microfinance IPO Bottom-up Finance 12

Harvard Business Review

MAY 16, 2016

is generating plenty of high-potential startups, they argued, yet there is a problem: These companies don’t seem to be scaling or reaching an exit, such as an IPO or an acquisition. In theory, more financing should mean better terms for startups, though it’s not clear that that’s how it always works in practice.

Venture Funding 9

Venture Funding IPO Finance Constraint 9

Harvard Business Review

NOVEMBER 7, 2018

More recently, it has gained attention as a way to finance new ventures, through what is known as an Initial Coin Offering (ICO). Less noticed, though, is ICOs appear almost antithetical to the standard approach to financing a risky venture. In fact, ICOs have upended the conventional pattern of staged experimentation and fundraising.

Cost 8

Cost Decentralization Finance Entrepreneur 8

Harvard Business Review

AUGUST 16, 2011

Finally, reaching profitability quickly ensures that when outside financing dries up, the venture can succeed on its own. Now, the venture capital markets cannot supply more capital and the company must depend on the IPO market to finance its money-losing operations.

Christensen 19

Christensen Fixed Costs Metrics Venture Funding 19

Harvard Business Review

JUNE 9, 2011

The trio (respectively, a finance professor at Cornell, an applied-math Ph.D This is the kind of thing that can drive people outside of quantitative finance a little crazy ; there's no reference to company fundamentals, just "sophisticated volatility estimation techniques combined with the method of reproducing kernel Hilbert spaces."

Company 13

Company Finance Price IPO 13

Harvard Business Review

SEPTEMBER 28, 2015

He studied the relative importance of management teams in 106 venture capital-financed firms from early business plan to IPO. He found that although 50% of venture capital investors described the management team as the most important factor at the business plan stage, this emphasis had dropped markedly by the IPO stage.

Stage-Gate 8

Stage-Gate Kaplan Competitive Advantage Intangible Assets 8

Harvard Business Review

JULY 24, 2017

So four years ago, when I was CEO of GE Capital Retail Finance and tapped to lead a mega change initiative — splitting off our unit into a new, publicly traded company, Synchrony Financial — I’ll admit I viewed it as a huge challenge. ” This ended up being the “true north” our employees rallied around.

Management 10

Management IPO Diversity Long-term 10

Harvard Business Review

DECEMBER 3, 2018

Firms with growth opportunities as well as the need for external equity financing often convert to dual-class shares. This clause automatically converts a superior voting share to a low-vote class at a fixed time after IPO. Other studies, however, show that dual-class structure might be optimal in certain scenarios. stock exchanges.

Class 10

Class Maturity IPO Short-term 10

Harvard Business Review

SEPTEMBER 16, 2014

After all, isn’t the customer’s voice relevant if you are going to finance a plumber or restaurant? In August, OnDeck announced an IPO valued at $1.5 Others have even gone as far as to use data from social media sites like Yelp in their predictive formulas.

Credit Scoring 10

Credit Scoring Banking Dunning Metrics 10

Harvard Business Review

DECEMBER 19, 2017

went public in June, then saw its stock price fall 70%, making it the worst performing IPO of a major company so far in 2017. Moving from “top-down” valuation to “bottom-up” The default valuation method for finance professionals is “top-down” in nature.

IPO 8

IPO How To Metrics Bottom-up 8

Harvard Business Review

JUNE 8, 2018

It was one of the world’s highest-grossing IPOs in a year when the market was otherwise in chaos due to the mortgage lending crisis. In 2010, in India, the microfinance institution SKS also went through an IPO that generated millions in profits — along with an impressive amount of scandal and intrigue.

Microfinance 8

Microfinance IPO Real Estate Industry 8

Harvard Business Review

SEPTEMBER 4, 2015

We’ve found that CEOs of big pharmaceutical companies, for example, are more likely to have a background as company lawyers, salespeople, or finance managers, than one in medicine or pharmaceutical R&D. For example, Qualcomm’s CDMA mobile technology was a breakthrough that led to its IPO in 1991. tax jurisdiction.

CEO 8

CEO Innovation Pharmaceuticals Merchandising 8

Harvard Business Review

FEBRUARY 29, 2012

also has a vibrant IPO system to take companies public. That's why most investments in Africa are in mature industries like oil & gas, real estate, and finance, among others. It's something that U.S. tech entrepreneurs may not need to be overly concerned about, since the tech ecosystem in the U.S. and run it from your own country.

Entrepreneur 13

Entrepreneur Exit Strategy Development Real Estate 13

Harvard Business Review

JUNE 28, 2017

Sixty-four percent of all publicly traded firms are incorporated in Delaware , and 90% of IPOs happen there — so even under the new ruling, Delaware is a viable, and seemingly favorable, site for nonpracticing entity litigation. The Delaware patent lawsuit docket is already packed , so delays will be significant.

IPO 8

IPO Incentives Proposal Bottom-up 8

Harvard Business Review

OCTOBER 30, 2018

Dara Khosrowshahi, the CEO of Uber, the ride-sharing giant, proudly declared on September 10 that “very few brands become verbs” The same week Upwork, a platform for hiring freelancers, filed for an IPO, as did Fiverr , which boasts that it offers a “freelance services marketplace for the lean entrepreneur.”

Quinn 10

Quinn Entrepreneur IPO Survey 10

Harvard Business Review

JUNE 9, 2014

It is incredibly hard to hold an IPO. Entrepreneurship Finance' For as long as it has been an industry, these have been the only two ways for a venture capital-backed company to succeed. There has to be a better way. And the “exit,” at least in its current incarnation, is the best place to start brainstorming solutions.

Entrepreneur 8

Entrepreneur Venture Capitalist Mezzanine Short-term 8

Harvard Business Review

MARCH 24, 2017

Rather than tying up vast amounts of funds in a unicorn startup and waiting for the long play — an IPO or an acquisition — investors can see gains more quickly, and can pull profits out more easily, via ICOs. ICOs are the Wild West of financing — they sit in a grey zone where the U.S.

Venture Capitalist 11

Venture Capitalist Due Diligence Finance Long-term 11

Harvard Business Review

JULY 21, 2014

If the finance person frets about keeping expenses under control, discuss expense numbers,” says Sheen. “If Mason decided to pitch a total rebranding — a new logo, new tagline, and new copy and photography for ads and communications — to the new executive team brought in to prep the company for an IPO. Address your audience’s concerns.

IPO 9

IPO Audience Chief Information Officer Case Study 9

Harvard Business Review

APRIL 18, 2012

When Google introduced a controversial dual-class share structure at the time of its IPO in 2004, I had reservations (as you would expect of someone whose specialty is corporate governance). But the founders' passionate advocacy of the need to follow a "long-term, innovative approach" resonated with me. Take Brazil.

Planning 11

Planning IPO Proposal Long-term 11

Harvard Business Review

MAY 30, 2017

“Clearly all of this reflects some sober reevaluation of the VC role in cleantech finance,” said Mark Muro, a senior fellow at Brookings, adding that “We’ve maybe asked too much of VC.” In 2011, cleantech represented nearly 17% of total U.S. VC investment; in 2016 it was under 8%. never put a price on carbon.

Stage-Gate 9

Stage-Gate Kleiner Energy Proposal 9

Harvard Business Review

JULY 17, 2017

The current innovation model in the finance sector is designed to generate the highest possible short-term returns. Startups alone won’t fill that vacuum: Stewards must emerge from the old guard of financial services. Insight Center. Crossing the Digital Divide. Sponsored by DXC Technology. How the best companies get up to speed.

Industry 12

Industry Short-term Planning Long-term 12