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The Hidden Costs of Initial Coin Offerings

Harvard Business Review

These ICOs are nearly always held when a project is at an immature stage of development akin to a seed stage startup — when it is testing hypotheses around its consumer value proposition and forming a founding team. This focused attention from developers has the added benefit of crowdsourcing feedback on the beta version of the project.

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What Investors Need to Know About Zimbabwe After Mugabe

Harvard Business Review

Mugabe’s ouster and replacement with his one-time deputy, Emmerson Mnangagwa, was the most significant development in the Southern African nation since it gained independence from Britain in 1980. For example, after opening its first store in 2014, fast-food chain KFC recently opened its fifth branch in the country.

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Why Winner-Takes-All Thinking Doesn’t Apply to Silicon Valley

Harvard Business Review

Given that news, it seems that businesses that have dominated their markets are learning that the magic elixir of network effects and winner-takes-all advantages are about as reliable as cures for baldness. Orkut officially closed in September 2014. From around 1990 to 2010 Microsoft arguably ruled the information-technology industry.

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How AI Will Change Strategy: A Thought Experiment

Harvard Business Review

AI is fundamentally a prediction technology. Perhaps they were lulled into complacency by the initially slow adoption rate of this technology in the early days of the commercial internet (1995-1998). How will AI change strategy? All this is due to the single act of turning the dial on the prediction machine.