Harvard Business Review

MARCH 21, 2016

’” Later, Intralinks decided to try to IPO. So we decided not to IPO. After that, one bank stepped forward to lead another private round of funding. We made another 50 presentations to investors, but due to a conflict that bank had to drop out. We went on a public road show in August 2000.

Entrepreneur 8

Entrepreneur IPO Banking Price 8

Strategy Driven

SEPTEMBER 4, 2018

When it comes to fulfilling this end, the usual route to going public involves an initial public offering , also known as an IPO. IPOs can confer great benefits on companies that are able to go through them. But IPOs also come with some steep costs and excessive risks. IPOs have huge costs and risks.

IPO 62

IPO Real Estate Cost Company 62

Harvard Business Review

AUGUST 20, 2018

With fewer than 10 employees but almost $2 billion dollars in the bank, it plans on jumping right in. Tech IPO prices and subsequent trading prices were disconnected from revenue and profits. IPOs dried up. With enough cash in the bank, Katzenberg can afford to create content, sign distribution deals, and see if consumers watch.

IPO 8

IPO First-mover Advantage Business Model Agility 8

Harvard Business Review

SEPTEMBER 16, 2014

In the past, a community bank would have a relationship with the businesses on Main Street, and when it came time for a loan, there would be a wealth of informal information to augment the loan application. And they are allowing new sources of capital such as peer-to-peer lending to replace traditional bank capital.

Credit Scoring 10

Credit Scoring Banking Dunning Metrics 10

Harvard Business Review

JANUARY 29, 2014

The billion dollar mark gets thrown around by venture capitalists as shorthand for the level of success they’re looking for when they invest, since the typical outcome for start-ups is failure and thus VC firms bank on a few mega-hits to generate returns. But billion dollar valuations are seemingly becoming less and less rare.

Venture Capitalist 8

Venture Capitalist IPO Comparison Banking 8

Harvard Business Review

JANUARY 30, 2012

First, entrepreneurship is not riskier than working at a big bank or law firm, a fact vividly underscored by the de facto nationalization of the banking sector and mass layoffs of the last few years. A quarter of first-time venture-backed firms are acquired for at least $50 million or file for an IPO.

Venture Capitalist 16

Venture Capitalist IPO Banking Comparison 16

Harvard Business Review

MAY 16, 2016

For example, as it grew, Facebook found that its early “move fast and break things” culture had to be funneled into focused technical teams and product groups to make its product development process faster and less erratic, and for it to have a chance of meeting the demands of its new public shareholders following its IPO.

Banking 14

Banking Strategy Film Operations 14

Harvard Business Review

SEPTEMBER 16, 2014

In the past, a community bank would have a relationship with the businesses on Main Street, and when it came time for a loan, there would be a wealth of informal information to augment the loan application. And they are allowing new sources of capital such as peer-to-peer lending to replace traditional bank capital.

Credit Scoring 8

Credit Scoring Banking Dunning Metrics 8

Harvard Business Review

FEBRUARY 26, 2018

On February 13, 2018, the New York Times reported that Uber is planning an IPO. Twitter reported a loss of $79 million before its IPO, yet it commanded a valuation of $24 billion on its IPO date in 2013. Uber’s value is estimated between $48 and $70 billion, despite reporting losses over the last two years.

Company 8

Company Intangible Assets Depreciation IPO 8

Harvard Business Review

SEPTEMBER 28, 2015

By contrast, Germany’s Deutsche Bank, which has suffered from years of poor performance, has had three CEOs in the last five years, none of whom has done much to improve performance despite their glittering CVs in the sector.

Stage-Gate 8

Stage-Gate Kaplan Competitive Advantage Intangible Assets 8

Harvard Business Review

MARCH 28, 2016

Both associations managed their brands and ran the clearing and settlement systems for banks that issued cards or helped merchants accept cards. Then the banks decided to turn the associations into for-profit companies, IPO them, and cash out. MasterCard IPO’d in 2006, and Visa followed two years later.

IPO 8

IPO Succession Technology Software 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. A friend recently asked me: "Is the future of microfinance in question?".

Microfinance 13

Microfinance IPO Bottom-up Finance 13

Harvard Business Review

JULY 17, 2017

Banks are feeling the crunch; according to McKinsey , legacy financial institutions will see profits decline 20%–60% by 2025 if they fail to evolve digitally. Its recent launch of Marcus , an online retail bank, is a particularly promising signal.

Industry 13

Industry Short-term Planning Long-term 13

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

DECEMBER 2, 2010

HBR , June 2009 ) about a fictional bank that was debating whether to run such an ad and was slammed by one conservative commentator for daring to ask such a question. Two years have now passed, GM has repaid part of the bailout, and it just executed a successful IPO. Post-IPO, GM isn't seen as spending taxpayer money on advertising.

IPO 13

IPO Advertising Brand Banking 13

Harvard Business Review

JUNE 29, 2018

Many have strategy heads, who are ex-dealmakers at investment banks, whose default assumption is that if the company has a performance problem, the natural fix is to buy and/or sell something. The approach of seeing strategy as the act of rejuggling one’s corporate portfolio of businesses is common in the large modern corporation.

TSR 10

TSR Company IPO Hedge 10

Harvard Business Review

OCTOBER 31, 2014

Now the best description might be, “giant bank account with a company attached.” billion in its 2013 IPO) that investors have plowed into it. Could Twitter have chosen not to follow the standard VC-to-IPO path that has brought it to this pass? There was a time when Twitter could be described as “plumbing.”

Marketing 9

Marketing IPO Venture Capitalist Fashion 9

Harvard Business Review

APRIL 11, 2014

After enterprise tech start-up Box filed to go public last month, revealing founder Aaron Levie’s remaining stake to be just over 4% (plus stock options) , commentators seemed compelled to note just how much control the 28-year-old founder had given up on the road to an IPO. Box needed that funding.”.

Venture Capitalist 9

Venture Capitalist Entrepreneur IPO Human Capital 9

Harvard Business Review

OCTOBER 11, 2013

banks can use in their business. According to a 1992 study by the Government Accountability Office, the average leverage ratio for the top 13 investment banks was 27-to-1 during 1991 (up from 18-to-1 in 1990). drop in asset prices would wipe out the equity of the bank. Over the summer, U.S.

Incentives 8

Incentives Banking Ethics IPO 8

Harvard Business Review

OCTOBER 16, 2014

ASRs: Apple contracts with an investment bank to short its stock, enabling the company to retire in one fell swoop the entire amount in the contract. The bank then does the actual repurchases on the open market over time (in the case of Apple, nine months for the first $2 billion ASR and 12 months for each of two later $12 billion ASRs).

Safe Harbor 9

Safe Harbor Hedge EPS Price 9

Harvard Business Review

JUNE 9, 2011

There's been lots of debate over how central banks should react to bubbles. From the evidence of the IPO prospectus it filed last week, Groupon is playing this speculative finance game (it lost $456 million last year, and has $118 million cash in the bank). But what about at the level of the corporation?

Company 14

Company Finance Price IPO 14

Harvard Business Review

AUGUST 2, 2016

Before the company’s $155 billion IPO in 2014 — the largest initial public offering in history — he observed, “we want to help small businesses grow by solving their problems.” Needless to say, they can share success stories on Facebook. This study highlighted the essential co-creation of value.

IPO 8

IPO Human Capital Insurance Business Model 8

Harvard Business Review

APRIL 13, 2015

With limited exit opportunities via initial public offers ( IPOs ) and acquisitions, smart young people understand that stock options rarely bring a big payday. For example, someone that liked electronics development likely wouldn’t jump for an administrative job in a bank with marginal pay difference.

Venture Capitalist 8

Venture Capitalist IPO Entrepreneur Banking 8

Harvard Business Review

SEPTEMBER 5, 2012

equity sales at the time — he was one of the highest-ranking African-American executives in the company — but Will wanted him to give up that position and become the bank's first managing director of diversity recruiting, reporting directly to the CEO. Charles was running U.S. Charles shook his head. This is a business.

Case Study 8

Case Study Diversity Taylorism Taylor 8

Harvard Business Review

MAY 16, 2018

On top of that, Digitas, where he was CEO, had just raised $223 million through its IPO in March of 2000, valuing the company at $1.4 That was possible, because the money Digitas had raised just before the crisis was still in the company’s bank account. billion, $100 million shy of its IPO valuation.

Crisis 9

Crisis Entrepreneur Business Model IPO 9

Harvard Business Review

NOVEMBER 17, 2015

It will be interesting to see how a former CFO will face up to these formidable challenges, complicated further by reports that the ECB isn’t allowing the Volkswagen group to fully benefit from the central bank’s “cheap” money.

CFO 8

CFO Crisis Mass Marketing IPO 8

Harvard Business Review

MAY 20, 2011

In 2003 there were no tech IPOs at all. Now that it has cash in the bank, it will have to acquire the right companies that will help it expand its services and market reach. (It At the same time, I'm beginning to appreciate how he and his colleagues were smart. First, why lucky? Facebook was not a commercial entity until a year later.

IPO 15

IPO Advertising Business Model Marketing 15

Harvard Business Review

MAY 11, 2016

And then many other companies that have IPO’d in the last decade, like Visa, which connects cardholders and merchants, and Facebook, which connects friends, advertisers, and developers. In Kenya, the M-PESA mobile money platform is leapfrogging traditional banking and payment cards.

Participative 8

Participative Business Model IPO B2B 8

Harvard Business Review

JANUARY 5, 2011

Note that FailCon's sponsors included a Silicon Valley Bank and a variety of business services firms.). But we also bet it isn't your usual perspective on the world of VCs and IPO lawyers. Need more convincing that the US economy now features an innovation sector? You get this. We know you get this.

Entrepreneur 14

Entrepreneur Innovation Intellectual Capital Mission Statement 14

Harvard Business Review

NOVEMBER 7, 2018

In recent years, much has been written about how the Blockchain is poised to transform traditional industries such as banking, real estate, and healthcare. Renee Comet/Getty Images. More recently, it has gained attention as a way to finance new ventures, through what is known as an Initial Coin Offering (ICO).

Cost 8

Cost Decentralization Finance Entrepreneur 8

Harvard Business Review

MARCH 15, 2012

Andrew Haldane, the Bank of England official whose speeches I recently praised to the heavens , has an excellent explanation of why highly leveraged financial institutions probably shouldn't be controlled by shareholders with limited liability: [F]or banks, equity is a vanishingly small fraction of their balance sheet.

Hedge 13

Hedge Long-term Banking Short-term 13

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. The second reason VCs are becoming more interested in ICOs is because of the liquidity of cryptocurrencies.

Venture Capitalist 12

Venture Capitalist Due Diligence Finance Long-term 12

Harvard Business Review

MAY 12, 2014

For banks, a larger and more profitable loan portfolio may be the benefit. I taught the first masters course on technological entrepreneurship in Israel at the Technion in 1987, 15 years after Israel’s first tech IPO on NASDAQ and when the entrepreneurial revolution in Israel was well underway. That is not the business they are in.

Entrepreneur 9

Entrepreneur Incubator Bureaucracy Banking 9

Harvard Business Review

SEPTEMBER 10, 2015

In 2014, for example, 18 IPOs raised a record-breaking $9.8 One-and-a-half years after founding the company, Yaron moved to New York and discovered that consumers, rather than banks, were the primary customer of BillGuard’s service, which helps customers identify fraudulent credit card charges. billion, compared to just $1.2

Venture Capitalist 8

Venture Capitalist Entrepreneur Marketing IPO 8

Harvard Business Review

FEBRUARY 25, 2015

” In my first year in Singapore we might hear news about a company landing venture funding every few months, and an exit (cashing out either through an IPO or by selling itself to a larger company) every year. The Economist dubbed Block 71, “the world’s most tightly packed entrepreneurial ecosystem.”

Entrepreneur 8

Entrepreneur Incubator Venture Capitalist Innovation 8

Harvard Business Review

MARCH 1, 2017

Money, equities, bonds, titles, deeds, contracts, and virtually all other kinds of assets can be moved and stored securely, privately, and from peer to peer, because trust is established not by powerful intermediaries like banks and governments, but by network consensus, cryptography, collaboration, and clever code. Insight Center.

Finance 8

Finance IPO Banking Venture Capitalist 8

Harvard Business Review

OCTOBER 27, 2015

Traditionally, Europe’s growth has been financed to a significant extent by the banking sector, and there has historically been a continent-wide leeriness towards the provision of risk capital by other financial types. A major reason for this deficit is insufficient investment. billion) of that of the United States ($ 37.9

Crisis 8

Crisis McKinsey Policies Globalization 8