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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. In November 2003, after due diligence, we announced our agreement to purchase 3721 for $120 million. The company was owned by management, venture capitalists, and SoftBank.

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What Initial Coin Offerings Are, and Why VC Firms Care

Harvard Business Review

Venture capitalists, who generally have been standoffish to the ICO phenomenon, are now becoming more interested in it for a number of reasons. ICOs are the Wild West of financing — they sit in a grey zone where the U.S. Just as venture capitalists are taking a hard look at this new phenomenon, so should we all.

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Women, Finance the World You Want

Harvard Business Review

Project this image of the feminine ideal into the world of investing and the only "socially acceptable" roles for women are limited — perhaps doing due diligence as a "helper" or writing a check as a donor. Some of the dreams I finance are close to home. Investing also finances the kind of world we want.

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The Road to Crowdfunding Hell

Harvard Business Review

That is the problem: crowdfunding will at best be good only for the entrepreneurs and middlemen, paid for by unwitting consumers who simply cannot know enough about the highly risky ventures or the highly complex venture investing process to make informed investment decisions. Due diligence is too expensive.