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 11

Energy Finance IPO Biotechnology 11

Harvard Business Review

OCTOBER 2, 2017

For decades, we have heard that emerging markets are poised for huge growth that will yield even greater prosperity. Much like their famed Silicon Valley counterparts, emerging market accelerators aim to boost startups’ potential for raising growth capital.

Marketing 8

Marketing Venture Funding Entrepreneur 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

AUGUST 16, 2011

Finally, reaching profitability quickly ensures that when outside financing dries up, the venture can succeed on its own. The financial results of Groupon's traditional business continue to deteriorate, especially in mature markets, and new ventures such as Groupon Now also have failed to drive profits. But it is now too late.

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 14

Company Finance Price IPO 14

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 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 13

Microfinance IPO Bottom-up Finance 13

Harvard Business Review

SEPTEMBER 16, 2014

These innovative players, such as OnDeck, Funding Circle, and Fundera are disrupting the market by using technology to solve problems that have made small business lending costly for traditional banks. After all, isn’t the customer’s voice relevant if you are going to finance a plumber or restaurant?

Credit Scoring 10

Credit Scoring Banking Dunning Metrics 10

Harvard Business Review

JUNE 8, 2018

Impact investors over the past decade largely focused on proving that impact investments could achieve a “market rate” or above return profile. Making something wildly profitable will of course attract the attention of financial markets, and thus increase the chances it will scale effectively. By 2010, they had succeeded.

Microfinance 8

Microfinance IPO Real Estate Industry 8

Harvard Business Review

FEBRUARY 29, 2012

Most investors liked the business model and the fact that I was educated in Nigeria and knew the market. also has a vibrant IPO system to take companies public. Some countries in Africa don't have stock exchanges, and where the exchange does exist — for instance, in Nigeria — the markets don't value tech stocks very well.

Entrepreneur 14

Entrepreneur Exit Strategy Development Real Estate 14

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

JULY 21, 2014

Is there a market opportunity the company is overlooking? If the finance person frets about keeping expenses under control, discuss expense numbers,” says Sheen. “If Erik Mason, the marketing communications manager for an aesthetic skin laser company in the Northeast, felt the firm needed a new image. ” says Sheen.

IPO 9

IPO Audience Chief Information Officer Case Study 9

Harvard Business Review

AUGUST 30, 2017

Since its founding just eight years ago, Uber has become one of the best-known brands in the world, has presence in over 80 countries, has market share reported at 77% in its core U.S. However, after its IPO, Amazon’s losses were in the millions, not the billions.

CEO 12

CEO IPO Energy COO 12

Harvard Business Review

JULY 17, 2017

Eastman Kodak is the textbook case for failing to prioritize an innovation agenda; business schools around the world study the ramifications of the company’s ill-fated decision to ignore the digital photography market until it was too late. The Future of Financial Services. Insight Center. Crossing the Digital Divide.

Industry 12

Industry Short-term Planning Long-term 12

Harvard Business Review

AUGUST 5, 2014

Booming public equities and a recovered IPO market generated record portfolio company exits and distributions from VC funds. A VC firm is, first and foremost, an investment vehicle created to generate returns for investors that exceed those available in the fully liquid, low cost public equity markets.

Venture Capitalist 17

Venture Capitalist Asset Management Rate of Return Industry 17

Harvard Business Review

JUNE 9, 2014

It is incredibly hard to hold an IPO. But venture capitalists have focused on specific markets and business models, because of the constraints of the exit, which is how investors have made their returns to-date. Entrepreneurship Finance' There has to be a better way.

Entrepreneur 8

Entrepreneur Venture Capitalist Mezzanine Short-term 8

Harvard Business Review

AUGUST 7, 2013

Advantages typically include an established customer base, brand equity, market knowledge, and financial resources. Digital encyclopedias such as Microsoft''s Encarta and later, Wikipedia, virtually destroyed the market for the venerable print edition of the Encyclopedia Britannica. Think about a classic case. Of course not.

Disruptive Innovation 8

Disruptive Innovation Advertising Discount IPO 8

Harvard Business Review

MARCH 27, 2014

Companies and venture capitalists chase hot markets. Entries into markets triggered more entries, and markets that saw companies fleeing went cold. Organizations that entered when VC fundings were booming were increasingly likely to fail, and those financed in a VC funding boom were unlikely to make it to an IPO.

Entrepreneur 8

Entrepreneur Venture Capitalist Business Incubator IPO 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

APRIL 3, 2012

Such regulations, if they succeed in increasing the information flow between managements and markets, are also good news for investors in general. The only real way to protect the "most susceptible investors" Sorkin is talking about is to keep them away from the stock market. I don't know the answer to that question.

IPO 11

IPO Conflict of Interest Information Marketing 11

Harvard Business Review

OCTOBER 23, 2013

There are three pieces of data that are particularly shocking to internet, software, and biotech entrepreneurs who are on the verge of committing their firms to starting firms in secondary startup markets (and, in particular, outside of the San Francisco Bay). Not focused on new marketing campaigns. It takes longer to raise money.

IPO 9

IPO Venture Capitalist Entrepreneur Competitive Advantage 9

Harvard Business Review

AUGUST 6, 2014

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.

Chief Financial Officer 9

Chief Financial Officer Operations Learning-by-Doing IPO 9

Harvard Business Review

SEPTEMBER 16, 2014

These innovative players, such as OnDeck, Funding Circle, and Fundera are disrupting the market by using technology to solve problems that have made small business lending costly for traditional banks. After all, isn’t the customer’s voice relevant if you are going to finance a plumber or restaurant?

Credit Scoring 8

Credit Scoring Banking Dunning Metrics 8

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

Harvard Business Review

APRIL 10, 2013

So Puerto Rican entrepreneurs hire consultants to badger government procurement to pay up, and in parallel they jack up their prices to finance the long receivables cycle. 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.

Entrepreneur 8

Entrepreneur IPO Incentives Venture Capitalist 8

Harvard Business Review

JULY 18, 2012

Ever thought air mattresses in living rooms would grow into a billion dollar company that would take on the vacation rental market and the hotel industry? Billion-dollar companies do not happen if the founding team is not extremely well suited to the market (now called " founder/market fit "). No 20,000 tech jobs.

Venture Capitalist 17

Venture Capitalist Software Entrepreneur Engineering 17

Harvard Business Review

JULY 18, 2012

Ever thought air mattresses in living rooms would grow into a billion dollar company that would take on the vacation rental market and the hotel industry? Billion-dollar companies do not happen if the founding team is not extremely well suited to the market (now called " founder/market fit "). No 20,000 tech jobs.

Venture Capitalist 17

Venture Capitalist Software Entrepreneur Engineering 17

Harvard Business Review

FEBRUARY 24, 2015

The first category is exogenous factors over which the business has little control: the growth of the markets into which it sells; the competitive intensity and thus the average profitability of the industry in which it operates; or the fragmentation of its industry and thus the scope for a growth-by-acquisition approach.

Chemicals 8

Chemicals How To Kahneman Reputation 8

Harvard Business Review

OCTOBER 11, 2013

Before the IPO in 1999, partners of Goldman Sachs owned equity in a private partnership. But leverage limits may have unintended consequences for capital markets’ competitiveness, innovation, growth, and efficiency. Ethics Finance Risk management'

Incentives 8

Incentives Banking Ethics IPO 8

Harvard Business Review

AUGUST 6, 2015

Yet for how substantial the market is, there’s relatively little data on the decision making process of those who invest in early stage startups. The formula for long-term success may be different, though, when you consider how founders are often replaced , for various reasons, before the startup’s IPO.

Long-term 8

Long-term IPO Human Capital Finance 8

Harvard Business Review

AUGUST 27, 2018

stock exchanges has declined by almost 50% from its peak in 1996, despite dramatic increase in aggregate market capitalization. firms gravitate towards digital strategies, firms have less need for elaborate finance, marketing, production, distribution, accounting, and human resource departments. stock exchanges.

IPO 10

IPO Company First-mover Advantage Intangible Assets 10

Harvard Business Review

MAY 30, 2013

A good management team will be dedicated to creating product market fit, otherwise the business will flounder. Investors are involved for the long haul, understanding that startup managers will have to experiment and fail along the way to a successful IPO. In a good start-up, these characteristics are not hard to find.

Company 9

Company Ries Maturity Innovation 9

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. The CEO isn’t the only one likely to be scrutinized by the market.

IPO 8

IPO Execution Incentives Finance 8

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

MARCH 24, 2017

Then, via price dynamics determined by market supply and demand, the value is settled on by the network of participants, rather than by a central authority or government. ICOs are the Wild West of financing — they sit in a grey zone where the U.S. Insight Center. Business in the Era of Blockchain.

Venture Capitalist 11

Venture Capitalist Due Diligence Finance Long-term 11

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. They argue that the market has become saturated because of the barriers to entry are low (do we really need 53 subscription box companies offering sex products?) that aggregate sales in the U.S.

IPO 8

IPO How To Metrics Bottom-up 8

Harvard Business Review

DECEMBER 3, 2018

Some of the largest companies of recent times by market capitalization, such as Facebook, Alphabet, and Alibaba, carry dual class-shares. Firms with growth opportunities as well as the need for external equity financing often convert to dual-class shares. So do some older, family-controlled firms, such as Ford Motor Co.

Class 10

Class Maturity IPO Short-term 10