Harvard Business Review
SEPTEMBER 28, 2015
Revenue moats are usually linked to intangible assets (including brands and patents), high switching costs, and network economies. He studied the relative importance of management teams in 106 venture capital-financed firms from early business plan to IPO.
Harvard Business Review
AUGUST 10, 2016
On August 1 Uber announced that it is selling its Chinese brand and operations to Didi Chuxing for $1 billion, its annual burn rate in that market, in exchange for a 20% stake in the local competitor. The $1 billion burn rate in China was reportedly holding up its IPO, not just its expansion in other parts of the world.
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