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The Hidden Costs of Initial Coin Offerings

Harvard Business Review

Those benefits fall into three categories: To jumpstart network effects that provide a first-mover advantage: Many of the projects being built using blockchain technology are “protocols” that govern the interactions between users in a decentralized autonomous network.

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

Harvard Business Review

Such acquisitions become more lucrative with rising first-mover advantages, pace of technological development, and network externality. The only change is that more deals are done with private funds and more companies come to IPO market having been initially financed by venture capitalists than ever before.

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What Groupon and LivingSocial Cannot Offer

Harvard Business Review

But a new study shows that no amount of buzz, excitement or first mover's advantage will lead a product to sustained growth. The costs are clearly high, but companies with products that tend to generate early buzz seem to do very well. At least that is the conventional wisdom.