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Early Exits - CEO Blog - Time Leadership

CEO Blog

His thesis is that most businesses sell in the $10-30M range so it is best for angel investors to push for a sale at that point which can provide a great return for the angels and for the entrepreneurs rather than holding on, raising VC funds and trying for the big IPO or $100M+ sale. I liked chapter 11 on "real profits".

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If Snap’s Strategy Is Building New Products, It Won’t Live Up to Its IPO Price

Harvard Business Review

In light of Snap’s IPO , there has been an immense amount of speculation about the long-term viability of the company’s strategy. A review of their strategy documents reveals that they talk about their digital transformation in terms of creating engaging digital products, not platforms. a platform)? a platform)?

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Should Dual-Class Shares Be Banned?

Harvard Business Review

Aggressive-growth and family-controlled dual-class companies display higher long-term shareholder returns. This clause automatically converts a superior voting share to a low-vote class at a fixed time after IPO. Firms with growth opportunities as well as the need for external equity financing often convert to dual-class shares.

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Why Mega-Mergers Are Back in Vogue for Internet Companies

Harvard Business Review

Since the last financial crisis, many new regulations have been implemented to protect shareholders, increasing the pressure on management to meet earnings expectations by prioritizing short-term over long-term. For many consumer tech companies, this post-IPO pressure on financial returns is too high.

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The Facebook Investor You Never Want to Become

Harvard Business Review

A few weeks ago, I read an article in the Wall Street Journal about people who had opened up their very first investment accounts just to get in on the Facebook IPO. It also seems likely that he's kicking himself today, as the value of the stock has dropped almost 25% since its May 17 IPO. Pursue a long-term strategy.

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The Five-Step Failure Checklist

Harvard Business Review

For HBR's April issue on failure, I penned a piece on the experience of going through a failed IPO. Second, for a book we're writing on the DNA of entrepreneurship, my co-authors Richard Harrington, Tsun-yan Hsieh, and I have developed a checklist on how to reflect on failure. In one context or another, you've likely failed, too.

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How the Market Ruined Twitter

Harvard Business Review

As Johnson had described it in much more depth in a Time cover story a few months before, what made Twitter so promising and interesting and important was “the fact that many of its core features and applications have been developed by people who are not on the Twitter payroll.” billion in its 2013 IPO) that investors have plowed into it.