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Startups Could Fundamentally Change the Way Big Investors Operate

Harvard Business Review

Given their size and appetite for diversification, these gigantic investors are a significant source of financing for many companies and governments in the developed world, and their investment activities can and do move markets. How is this state of affairs possible?

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The Disruption of Venture Capital

Harvard Business Review

Over the years, venture capitalists have been some of the most ardent students of disruptive innovation. Large pools of capital have been funding risky ventures since antiquity (for example, when the wealthy Marcus Crassus backed an upstart Roman general named Julius Caesar). He was right.

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Could a Four-Year-Old Do What Carl Icahn Does?

Harvard Business Review

Venture capitalist Mark Andreessen, a target of Icahn’s attacks as a board member at eBay, recently likened the 78-year-old to a six-year-old. After using borrowed money in the 1980s and 1990s, then opening up a hedge fund in 2004, he has since 2011 basically just been managing his own money. Apple Finance Skill vs. luck'

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Calculating the Market Value of Leadership

Harvard Business Review

In recent years, investors have learned that defining the market value of a firm cannot just be based on finances. GAAP and FASB standards require financial reporting of earnings, cash flow, and profitability – all measures that investors have traditionally examined.

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Robo-Advisers Are Coming to Consulting and Corporate Strategy

Harvard Business Review

Further, venture capitalists are jumping in with both feet. $4 Companies in every industry can benefit from making more data and algorithm-based decisions in areas of internal operations and finance. It seems only logical that they would extend into corporate strategy and finance.

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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

So if you feel uncomfortable as an investor, here are two bullets to pack in your pistol: Investing is about financing dreams. Some of the dreams I finance are close to home. Investing also finances the kind of world we want. To wit, a study by Hedge Fund Research Inc. Investing is about taking stock in you.