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Three Headwinds for Facebook's IPO

Harvard Business Review

And despite all of Facebook's user support, investors should be skeptical of the company's pricey IPO. Web developers can personalize recommendation engines, allow users to see their friends' purchase history, and draw on detailed demographic data available through the Facebook network. Facebook is not Groupon.

IPO 12
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Uber Is Finally Realizing HR Isn’t Just for Recruiting

Harvard Business Review

Susan Fowler, a former site reliability engineer at Uber, recently wrote about her “very, very strange year at Uber,” characterized by a pervasive culture of alleged sexual harassment. That is like setting up a finance organization to do exotic risk hedging before putting in place basic reporting and compliance.

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Reversing the Decline in Big Ideas

Harvard Business Review

In the past, the magic formula was two engineers or an engineer and a businessman. They made calculators, personal computers, databases, search engines and payment processors. But Silicon Valley seems to think that all that is required for disruption are a few "rockstar engineers" and "superstar designers." What gives?

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Reversing the Decline in Big Ideas

Harvard Business Review

In the past, the magic formula was two engineers or an engineer and a businessman. They made calculators, personal computers, databases, search engines and payment processors. But Silicon Valley seems to think that all that is required for disruption are a few "rockstar engineers" and "superstar designers." What gives?

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When an Activist Hedge Fund Thinks a Company’s Salaries Are Too High, Who’s Right?

Harvard Business Review

The company, founded in 1996 by an engineer from Xerox’s legendary Palo Alto Research Center , Pradeep Sindhu (who remains its chief technology officer and vice chairman), was one of the highest flyers of the fin de siècle tech stock boom. But lately it’s been looking a lot like a mature substantial, profitable company.

Hedge 8
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Many CEOs Aren’t Breakthrough Innovators (and That’s OK)

Harvard Business Review

We’ve found that CEOs of big pharmaceutical companies, for example, are more likely to have a background as company lawyers, salespeople, or finance managers, than one in medicine or pharmaceutical R&D. For example, Qualcomm’s CDMA mobile technology was a breakthrough that led to its IPO in 1991.

CEO 8
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Don’t Build Your Startup Outside of Silicon Valley

Harvard Business Review

Many small businesses don’t require the sort of financing required by firms in pursuit of s-curve growth. For startups outside of those cities, that means there is a smaller pool of locally-managed dollars to chase for your startup. It takes longer to raise money. But it is an important metric.

IPO 9