article thumbnail

A Quiet Revolution in Clean-Energy Finance

Harvard Business Review

It's easy to see why VCs have soured on the sector: the traditional VC model is based on high-risk, capital-efficient business models with the potential for huge exit valuations. A star example is Google, which raised a mere $40 million in private funding before its IPO at a $23 billion valuation.

Energy 10
article thumbnail

The Best Platforms Are More than Matchmakers

Harvard Business Review

Improving user capabilities would measurably improve Airbnb efficiencies. 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.” That’s the essence of network effects.

IPO 8
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Hidden Costs of Initial Coin Offerings

Harvard Business Review

These ICOs are nearly always held when a project is at an immature stage of development akin to a seed stage startup — when it is testing hypotheses around its consumer value proposition and forming a founding team. This focused attention from developers has the added benefit of crowdsourcing feedback on the beta version of the project.

Cost 8
article thumbnail

What Platforms Do Differently than Traditional Businesses

Harvard Business Review

They operate platforms that make it easy and efficient for participants to connect and exchange value. Three of the five most highly valued companies in the world — Apple, Google, and Microsoft — make much of their profits from connecting different groups, like developers and users in the case of Apple.

article thumbnail

Why English, Not Mandarin, Is the Language of Innovation

Harvard Business Review

In addition, native Chinese tech companies such as Alibaba, Weibo, and Momo are having some of the most successful IPOs in U.S. From how we code to how we type, much of the world’s biggest advancements were developed with the English-speaking market in mind. Fifty-six percent of all online content in the world is in English.

article thumbnail

In Big Companies, Lean Is Only One Piece of the Puzzle

Harvard Business Review

He had developed an extensive plan, and had the promise of grant money behind him. It''s not about price, or code, or agile development. Instead, "Lean" is a mindset that can be applied in any situation — even those that are extremely capital intensive — to test as efficiently as possible, and iterate accordingly.

article thumbnail

60 Countries’ Digital Competitiveness, Indexed

Harvard Business Review

Politics, regulations, and levels of economic development play a major role in shaping the digital industry and its market attractiveness. Most of the developing world is overwhelmingly cash-dependent; in Malaysia, Peru, and Egypt, only 1% of transactions are cashless. .” More than 1 billion jobs and $14.6