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The Hidden Costs of Initial Coin Offerings

Harvard Business Review

More recently, it has gained attention as a way to finance new ventures, through what is known as an Initial Coin Offering (ICO). Less noticed, though, is ICOs appear almost antithetical to the standard approach to financing a risky venture. Blockbuster capital raises will always occur in unusual situations (e.g.,

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An Insider’s Account of the Yahoo-Alibaba Deal

Harvard Business Review

In May of 2005, Yahoo CEO Terry Semel, cofounder Jerry Yang, corporate development executive Toby Coppel, and I — I was then chief financial officer of the Silicon Valley internet company — went on what would turn out to be a fateful trip to China. The company was owned by management, venture capitalists, and SoftBank.

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How Blockchain Is Changing Finance

Harvard Business Review

Blockchain was originally developed as the technology behind cryptocurrencies like Bitcoin. For example, consider how new business ventures access growth capital. The unstoppable force of blockchain technology is barreling down on the infrastructure of modern finance. ” Others are sure to follow suit.

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An Entrepreneurial Society Needs an Entrepreneurial State

Harvard Business Review

Mission-oriented thinking could also be used to develop technology roadmaps for the 17 sustainable development goals. In Silicon Valley, what was critical was the decentralized network of intelligent public organizations that facilitated feedback loops throughout the whole innovation chain. billion in public support.