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Why We Shouldn’t Worry About the Declining Number of Public Companies

Harvard Business Review

firms gravitate towards digital strategies, firms have less need for elaborate finance, marketing, production, distribution, accounting, and human resource departments. Such acquisitions become more lucrative with rising first-mover advantages, pace of technological development, and network externality.

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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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