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The Disruption of Venture Capital

Harvard Business Review

In a relatively short time, venture-backed companies have grown to account for over 20% of US GDP today. Still, being astute and agile does not guarantee immunity to disruption. The industry was born in its current form, however, when the first venture capital firms were founded in the middle of the twentieth century.

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Doing Business in a Post-Fidel Cuba

Harvard Business Review

With a limited financial system, Cuba lacks the domestic savings to raise fixed capital investment above the current level of 10% of GDP (half the average of Latin America). How to know where the economy is heading. Second, Cuba confronts the difficult task of unburdening its largely stalled state-led economy.