Harvard Business Review

FEBRUARY 18, 2016

Earlier in my career I spent 14 years as chief talent officer at Netflix, where I helped create some of the innovative talent management policies — such as no-formal-limit vacation policies — that have since become widespread. (I Cash constraints were a fact of life during my years managing in a startup.

Venture Capitalist 8

Venture Capitalist Constraint Policies Talent Management 8

Harvard Business Review

APRIL 5, 2018

As AnnaLee Saxenian explains in her study of the rise of the computer industry in the Bay Area, Regional Advantage , this transaction in large part became the model for the Silicon Valley way of doing business. In the Bay Area, however, small venture capitalists, many of whom were ex-engineers themselves, invested in entrepreneurs.

Technology 8

Technology Venture Funding Venture Capitalist Entrepreneur 8

Harvard Business Review

MARCH 27, 2014

When investing in new growth businesses, corporate leaders are commonly advised to behave more like venture capitalists. And of course the more the company pushes the edges of today’s business, the lower those odds sink. Innovation Project management' All of this is right, as far as it goes.

Venture Capitalist 9

Venture Capitalist Discounted Cash Flow Parcell Project 9

Harvard Business Review

JUNE 9, 2014

Big acquirers cash out founders, management teams get folded into big organizations, cashflows disappoint, and visions flounder. We need to find a better way to support small and mid-sized businesses, a key element of our economic infrastructure. This can lead to bad outcomes for entrepreneurs who hope to create lasting value.

Entrepreneur 8

Entrepreneur Venture Capitalist Mezzanine Short-term 8

Harvard Business Review

MAY 22, 2018

For most companies, both M&A and organic growth are managed like rocket launches. Once launched, the opportunity is micro-managed to ensure that everything goes according to plan. Managers focus on maximizing one’s share of the market for existing products. The first step is to find a founder’s quest.

Organization 10

Organization Company Venture Capitalist B2B 10

Harvard Business Review

JULY 30, 2013

As innovation thought leader Steve Blank notes, a startup is a temporary organization searching for a scalable business model. There are five ways to accelerate the search for a viable new-growth model: Form small, focused teams. Important new growth initiatives are typically overseen by a company''s top management.

Innovation 11

Innovation Venture Capitalist Uncertainty Strategic Planning 11

Harvard Business Review

MARCH 10, 2014

All over Silicon Valley, venture capitalists are asking entrepreneurs “How scalable is your business model?” It used to be that business growth led to job growth. They take a social problem, like health, poverty, or the environment, then work on finding a business model that can remedy the problem.

Company 8

Company Venture Capitalist Entrepreneur Competitive Advantage 8

Harvard Business Review

FEBRUARY 5, 2018

Real entrepreneurs often need to manage opinionated venture capitalists on their boards, or the chaos of a couple dozen individual investors. That is not to say people in a large company can’t successfully explore new business models, design remarkable products and experiences, or pursue new markets.

Entrepreneur 10

Entrepreneur Venture Capitalist Innovation Long-term 10

Harvard Business Review

FEBRUARY 3, 2016

Smart venture capitalists invest in a portfolio of startups with different risk profiles and timeframes for returns. Record so far: Little more than a year after announcing an investment of $1 billion to launch the Watson Group, IBM established the Watson Health business unit in September 2015.

Venture Capitalist 8

Venture Capitalist Short-term ROI Long-term 8

Harvard Business Review

JULY 26, 2018

And what can Grab teach us about the future of platform businesses? To venture capitalists and the financial market, no business model is more attractive than a platform. During this time, management noticed that proprietors who placed ads with Recruit often represented small businesses.

Transportation 10

Transportation Health Care Venture Capitalist Advertising 10

Harvard Business Review

FEBRUARY 17, 2011

Venture capitalists are increasingly interested in emerging markets, and in working with local funds based in those markets (despite the fact that reverse innovation in venture capital seems counterintuitive). Editor's Note: This post was written with Justin Chakma, an undergraduate student at the University of Toronto (Canada).

Marketing 15

Marketing Venture Capitalist Biotechnology IPO 15

Harvard Business Review

OCTOBER 13, 2014

The business model – where peers can offer and purchase goods and services from each other through an online platform – continues to be applied to new industries from car sharing to peer-to-peer fashion, among many others. Many sharing economy business models do raise legitimate concerns about user safety, privacy and access.

Business Model 9

Business Model Hotels Venture Capitalist Transportation 9

Harvard Business Review

JANUARY 31, 2017

So much of the risks and challenges facing these companies involved whether their business models were legal. How could venture capitalists assess that risk to decide whether to invest? Is it a coincidence that two startups relying on business models that clashed so directly with regulators emerged at the same time?

CEO 8

CEO Hotels Venture Capitalist Storytelling 8

Harvard Business Review

JANUARY 12, 2018

Does a robot manage your money? A study by Deloitte estimated that “assets under automated management” (including hybrid offerings) in the U.S. This would represent between 10% and 15% of total retail financial assets under management. Kearney predicts that assets under “robo-management” will total $2.2

Consultative 8

Consultative Strategy Advice McKinsey 8

Harvard Business Review

JUNE 1, 2017

The true promise of a culture, argues influential venture capitalist Ben Horowitz , is to “be provocative enough to change what people do every day.” A great culture allows clever organizations to be more human, to make everything they do more authentic, real, memorable.

Venture Capitalist 8

Venture Capitalist Mission Statement Long-term Short-term 8

Harvard Business Review

JUNE 8, 2015

But innovation in solutions and business models is equally important because new health-care tools and technologies create beyond-the-pill opportunities. It has also abandoned other initiatives, and that’s equally important in managing innovation in a corporate context.

Health Care 8

Health Care Venture Capitalist Strategic Fit Pharmaceuticals 8

Harvard Business Review

OCTOBER 27, 2016

By applying this kind of arbitrage, a temporary or permanent migrant can decide to replicate a profitable product or business model available in one country but not in another. The business opportunities they came up with were rated by four venture capitalists and industry experts blind to the source.

Entrepreneur 8

Entrepreneur Venture Capitalist Retail Incubator 8

Harvard Business Review

JANUARY 26, 2012

Graham argued that the proliferation of money combined with the decreasing costs to start a business were making the VC job more difficult, prophesying significant changes for the industry. Over the years, venture capitalists have been some of the most ardent students of disruptive innovation. He was right.

Disruptive Innovation 14

Disruptive Innovation Hedge Venture Capitalist Venture Funding 14

Harvard Business Review

APRIL 13, 2015

With the cost of starting digital companies low , local governments stimulating entrepreneurship , and venture capitalists expanding operations , graduates are seeking to become their own bosses right out of college. It is a core continuity management strategy in a market scarce on technology talent.

Venture Capitalist 8

Venture Capitalist IPO Entrepreneur Banking 8

Harvard Business Review

MARCH 24, 2016

A recent study by three professors at Purdue’s Krannert School of Management is part of a growing mountain of evidence of the superior and more lasting performance of companies where the founder still plays a significant role as CEO, chairman, board member, or owner or adviser. This begs the question, why?

Company 8

Company Venture Capitalist Long-term Hotels 8

Harvard Business Review

DECEMBER 17, 2014

Identifying this so-called “growth gap” is critical, because the bigger the gap, the more a company needs to look beyond its current offerings, markets, and business models to find growth opportunities. To assess such risks to your business, consider the following six questions: Is customer loyalty decreasing?

Innovation 9

Innovation Company Venture Capitalist Business Model 9

Harvard Business Review

MARCH 8, 2011

Perhaps you've known an entrepreneur, or been that entrepreneur who has pulled together a solid business plan with a perfected pitch and you still have no takers. It may not be that the idea is bad, but rather your idea doesn't do what early stage investors, or venture capitalists (VC) want done.

Venture Capitalist 14

Venture Capitalist Christensen Entrepreneur Sports 14

Harvard Business Review

FEBRUARY 26, 2016

Venture capitalists have their radar out for and provide ample resources for the catalysts to scale up very quickly. The new game is to think about the business model and strategy for not just the company but the entire ecosystem. More such catalysts are entering the fray every day. Think like a large-scale entrepreneur.

Short-term 8

Short-term How To Venture Capitalist CFO 8

Harvard Business Review

AUGUST 6, 2014

With the ad market under $70 million, many of our local competitors were rapidly experimenting with new types of revenue and business models and were far ahead of us. By mid-2004, however, the operation was mired in conflict over control and differences in management style. search engine company Inktomi in 2002.

Chief Financial Officer 10

Chief Financial Officer Operations Learning-by-Doing IPO 10

Harvard Business Review

AUGUST 27, 2018

All three factors have become more common over time, which we argue stems from firms’ increasing reliance on intangible and knowledge inputs in their business models. The aggregate market capitalization of listed companies keeps increasing , unemployment remains manageable, and U.S.

IPO 11

IPO Company First-mover Advantage Intangible Assets 11

Harvard Business Review

APRIL 26, 2016

We met with leaders at private equity funds, venture capitalists, and incubators, including Andreessen Horowitz and Playground. Managers act more as enablers and connectors, providing regular feedback and tracking progress. Gone are the days when the venture capitalists on Sand Hill Road were merely an elite cash dispensary.

Venture Capitalist 8

Venture Capitalist Company Succession Long-term 8

Harvard Business Review

DECEMBER 23, 2016

If you want to see how mobile technology can disrupt the very basics of business models and habits established over hundreds if not thousands of years, look at what’s happening in India. Companies entering India should abandon PC- and laptop-based business models and instead focus on digital businesses using the mobile platform.

Strategy 8

Strategy Banking Venture Capitalist Bottom-up 8

Harvard Business Review

APRIL 30, 2012

And of course, premiere venture capitalists talk with pride about "pattern recognizing" for success, signaling that they typically fund a 23-year old from Stanford over say, women, people of color, or those with a more diverse life experience. I started to believe my skin color wasn't right to be seen as a management thinker.

Power 17

Power Venture Capitalist Business Model McKinsey 17

Harvard Business Review

SEPTEMBER 24, 2012

Here's why: the innovation revolution spurred by venture capitalists decades ago has created the conditions in which scale allows big companies to shift from shackling innovation to unleashing it. Innovation increasingly involves creating business models that tap big companies' unique strengths. This was Keyne Monson.

Innovation 8

Innovation Company Venture Capitalist Health Care 8

Harvard Business Review

DECEMBER 27, 2016

” I heard top management ask that question many times during the two years I spent working on new products at The New York Times. “We had the brand and the audience, and were then able to build an online dating business that was far more powerful as a business model than our core content execution.”

Consensus 12

Consensus Venture Capitalist Entrepreneur Video 12

Mills Scofield

NOVEMBER 12, 2013

We’ve also learned that Venture Capitalists (in the truest sense) no longer exist. The idea that someone would actually “venture” out into the unknown and support a startup because it’s spunky, scrappy, got its s**t together, and providing a needed service?

Venture Capitalist 132

Venture Capitalist Conference Education Class 132

Harvard Business Review

JULY 20, 2017

Executives of the “old economy” are certainly aware of their own vulnerability, as they witness the impact of Uber on the taxi industry, Airbnb on hospitality, and automated asset management on financial services. Startups inject new technical expertise, and venture capitalists offer funding and access to new talent.

Innovation 13

Innovation Productivity Products Venture Capitalist 13

Harvard Business Review

NOVEMBER 19, 2018

In 2011, venture capitalist Marc Andreessen declared that “software is eating the world.” The business model was to write the software and then sell licenses to publishers. Vox is a digital publishing company known, in part, for its proprietary content management system.

Software 8

Software Company Competitive Advantage Henderson 8

Harvard Business Review

MAY 3, 2018

By default, the two gold coasts have a self-sustaining edge: They have accumulated massive value, wealth, and power through the winner-take-all economics that govern many digital business models. Meetic, the French dating site, offers a case study in the difficulties of managing across digital borders. counterpart, Match.com.

Company 8

Company Venture Capitalist GDP Retail 8

Harvard Business Review

FEBRUARY 23, 2016

Our research, forthcoming in Management Science , identifies one of those important pitfalls: founder equity splits, i.e., the way founders allocate the ownership amongst themselves when starting their company. The temptation is to prioritize these choices over decisions about how to structure their own founding teams.

Venture Capitalist 8

Venture Capitalist Short-term Long-term Uncertainty 8

Harvard Business Review

MARCH 1, 2017

For example, consider how new business ventures access growth capital. Traditionally, companies target angel investors in the early stages of a new business, and later look to venture capitalists, eventually culminating in an initial public offering (IPO) on a stock exchange. ” Others are sure to follow suit.

Finance 8

Finance IPO Banking Venture Capitalist 8