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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

content (news, finance, weather) into two Chinese languages, and directory access to 20,000 web sites, an approach that the company had adopted elsewhere. By mid-2004, however, the operation was mired in conflict over control and differences in management style. The company was owned by management, venture capitalists, and SoftBank.

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‘My Years with General Motors’, Fifty Years On

Harvard Business Review

For fans of management books, this month marks a big anniversary. It is harder, though, to pinpoint exactly what lessons today’s managers might take from what has been called “the best business book you’ll never read.” A central office kept track of finances and the allocation of resources. Chevrolet sales soared.

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How Blockchain Is Changing Finance

Harvard Business Review

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.