Harvard Business Review

APRIL 21, 2016

When financial services company Square priced its IPO at $9 a share last November, well under the $15+ price that private investors paid the year before, it was a cold shower of reality for the 6-year-old company. Until the IPO, Square had been one of more than 130 unicorns: privately owned tech companies valued at $1 billion or more.

IPO 8

IPO Innovation Price Operations 8

Harvard Business Review

JULY 11, 2018

To focus on businesses that are closer in spirit to the prototypical high-tech startup, we used a variety of indicators: whether the firm was granted a patent, received VC investment, or operated in an industry that employs a high fraction of STEM workers. These highest-performing firms were identified based on employment growth.

Succession 15

Succession IPO Entrepreneur Biotechnology 15

Harvard Business Review

AUGUST 1, 2011

Microfinance has come under fire in the past 18 months, triggered in part by SKS Microfinance's IPO. Critics complain that the institutions supporting microfinance have become too greedy, and many are using this as an argument to deeply regulate or, even more, cut support to microfinance operations.

Microfinance 13

Microfinance IPO Bottom-up Finance 13

Harvard Business Review

OCTOBER 23, 2013

The most motivated and productive people I’ve seen recently work in an older company on the American East Coast deploying innovative technology products to transform a traditional industry. To a person, they look astonished when I ask whether their dedication comes from anticipation of the money they could make in the event of an IPO.

Motivation 11

Motivation IPO Norton Open-book 11

Harvard Business Review

JULY 17, 2017

Despite rapid innovations in data processing and machine learning, many businesses have yet to make the leap from the Industrial Age to the information age, and the gap between technological and organizational progress is widening. Closing this gap requires much more than short-term fixes, like adopting new technologies. Insight Center.

Industry 12

Industry Short-term Planning Long-term 12

Harvard Business Review

OCTOBER 26, 2011

A star example is Google, which raised a mere $40 million in private funding before its IPO at a $23 billion valuation. While there has not been a defining exit in clean energy akin to the "Netscape moment" for the internet, there have been numerous recent IPOs in the biofuels sector.

Energy 11

Energy Finance IPO Biotechnology 11

Harvard Business Review

OCTOBER 2, 2013

Today’s model is using African diasporas where companies hire native Africans living abroad and then send them to the continent to expand their operations. With Facebook’s $115 billion market cap on its IPO day, Mark Zuckerberg created wealth nearly equivalent to half of Nigeria’s GDP in 2012. Education drives technology.

Education 8

Education Technology IPO GDP 8

Harvard Business Review

FEBRUARY 17, 2011

Venture capitalists are increasingly interested in emerging markets, and in working with local funds based in those markets (despite the fact that reverse innovation in venture capital seems counterintuitive). In effect, the VCs at Nadathur Holdings serve as the executive team for a miniature healthcare innovation ecosystem.

Marketing 15

Marketing Venture Capitalist Biotechnology IPO 15

Harvard Business Review

MAY 16, 2016

For example, as it grew, Facebook found that its early “move fast and break things” culture had to be funneled into focused technical teams and product groups to make its product development process faster and less erratic, and for it to have a chance of meeting the demands of its new public shareholders following its IPO.

Banking 14

Banking Strategy Film Operations 14

Harvard Business Review

APRIL 29, 2015

Brian Fitzpatrick joined Google as a senior software engineer in 2005, shortly after the company’s IPO. He had no formal authority as a leader, operating without any title or mandate. Companies like Google and 3M have benefited from embracing innovation that comes from all parts of the organization.

Strategy 8

Strategy Power Idea Generation Project 8

Harvard Business Review

JULY 27, 2017

Gimmy’s task was clear but highly demanding: to reimagine the way BMW innovates. To fill the void and build such a new BMW startup unit, Gimmy partnered with an experienced innovation manager from BMW, Matthias Meyer. Gregor and BMW faced a crucial question: “How can the BMW Group, as a company, co-innovate with startups?”

Venture Capitalist 8

Venture Capitalist Meyer Innovation Fixed Costs 8

Harvard Business Review

MAY 11, 2016

One of the oldest business models in the world is using new technology to trample traditional businesses, drive innovation, and create new and immense sources of value. They operate platforms that make it easy and efficient for participants to connect and exchange value. And it’s not just these humongous companies.

Participative 8

Participative Business Model IPO B2B 8

Harvard Business Review

MAY 30, 2013

For that reason, the "Lean" mentality is one of the most powerful tools in the innovator''s arsenal — in startups and mature corporations alike. That has resulted in some misconceptions that can be counterproductive in the quest for innovation. or you might not. The boat can turn on a dime.

Company 9

Company Ries Maturity Innovation 9

Harvard Business Review

JANUARY 5, 2011

As Dick Morley — an MIT manufacturing innovator with deep experience in the auto industry — put it to us, "the trouble with big companies is that they take nice high-risk, high-return opportunities, then manage the risk out of them to the point that there's no return left." Certainly, that's a fair accusation.

Entrepreneur 15

Entrepreneur Innovation Intellectual Capital Mission Statement 15

Harvard Business Review

MARCH 4, 2016

But as a venture scales and becomes more complex , more operational and commercial sophistication is required to manage it. Silicon Valley lore offers examples of exceptional founder-CEOs, such as Salesforce.com’s Marc Benioff, who were able to lead their companies through an IPO.

Venture Capitalist 8

Venture Capitalist Sample IPO Long-term 8

Harvard Business Review

APRIL 10, 2013

I met Slovenian entrepreneur, Sandi Cesko, in 2007 when his Ljubljana -based multi-channel retail operation, Studio Moderna , had about $70 million in sales. For example, it is nearly impossible for scaling ventures in many countries, including Brazil and Denmark, to count on an IPO for a successful exit. Even better.

Entrepreneur 8

Entrepreneur IPO Incentives Venture Capitalist 8

Harvard Business Review

JUNE 21, 2016

Founded in 1966, Norwegian quickly became an innovator in its field as the first company to offer round-trip cruises that nearly anybody could afford. In 2000, with more than $100 million in negative cash flow, the company agreed to be acquired by Star Cruises, a leading cruise operator in Asia. An innovator? Customer-focused?

Company 9

Company IPO Price Loyalty 9

Harvard Business Review

JUNE 28, 2017

It imposes huge costs on firms (and the economy at large) and chills venture capital investment , eventually leading to significant reductions in innovation at targeted firms — roughly 20% of R&D investment. Patent trolls are known to “shop” for favorable litigation venues.

IPO 8

IPO Incentives Proposal Bottom-up 8

Harvard Business Review

MARCH 7, 2017

But with the departures of a number of high-level HR leaders in late 2016, head of operations Ryan Graves largely took on the head HR role in addition to his other duties. Today Uber is no startup, with 11,000 employees, not including its drivers, and a 2017 market value at IPO that is estimated as $28–$70 billion.

Compliance 11

Compliance Hedge Human Capital Finance 11

Harvard Business Review

JULY 12, 2017

They have deep resources for innovation with the ability to accelerate the penetration and adoption of digital products. Innovation and change. They are leaders in driving innovation, building on their existing advantages in efficient and effective ways. Digital technologies are poised to change the future of work.

Innovation 8

Innovation Policies Technology Politics 8

Harvard Business Review

MARCH 24, 2017

Rather than tying up vast amounts of funds in a unicorn startup and waiting for the long play — an IPO or an acquisition — investors can see gains more quickly, and can pull profits out more easily, via ICOs. The second reason VCs are becoming more interested in ICOs is because of the liquidity of cryptocurrencies.

Venture Capitalist 11

Venture Capitalist Due Diligence Finance Long-term 11

Harvard Business Review

NOVEMBER 20, 2013

Since positioning is vital in new markets, today’s boards must include Chief Marketing Officers, not just directors with operations or finance backgrounds. Only a small minority thought low-cost operations would be an advantage in three years’ time. Rebrand from the inside out. That may say more about the xenophobia of U.S.

Brand 8

Brand Globalization Company Development 8

Harvard Business Review

DECEMBER 9, 2010

This business works only if the Calidad de Vida brand stands for quality, innovative care — across the board. Why would an IPO be so bad? Beatriz Muñoz-Seca is a professor of production, technology, and operations management at IESE Business School, University of Navarra. Herzlinger is the Nancy R.

Case Study 13

Case Study Franchising Health Care Follow-up 13

Harvard Business Review

JULY 20, 2017

The innovation alone is a herculean task, but imagine being that upstart pioneer trying to develop the technology, while at the same time going up against entrenched, powerful competitors with deep industry knowledge, assets, and channels who’ve been around for a hundred years or more. This is an incredible moment for innovation.

Innovation 13

Innovation Productivity Products Venture Capitalist 13

Harvard Business Review

SEPTEMBER 10, 2015

Frequently cited as one of the world’s most vibrant innovation hubs, Israel boasts more startups per capita than any other country in the world. The final reason for Israel’s entrepreneurial dynamism is based on the logic of innovation clusters: Early success breeds continued success. That’s the good news.

Venture Capitalist 8

Venture Capitalist Entrepreneur Marketing IPO 8

Harvard Business Review

JANUARY 10, 2013

A generation ago, incumbents that struggled to respond to disruptive innovations had an excuse. Sifting through this work highlights three seminal moments in any disruptive innovation's development: Conception. In 2012 a number of disruptive innovations came of age. 3-D printing.

Trends 8

Trends Disruptive Innovation Christensen Business Model 8

Harvard Business Review

NOVEMBER 6, 2015

This approach is successful for some ventures — mostly for software-related companies with modest initial operating expenses. There’s nothing wrong with being in love with tech; we’ve all been there, because new technology enables innovative ventures. Innovation &amp Entrepreneurship Book. Add to Cart.

Venture Capitalist 8

Venture Capitalist Entrepreneur IPO Wireless 8

Harvard Business Review

MARCH 1, 2017

But the solution to this innovation logjam has emerged: blockchain. After all, most financial intermediaries themselves rely on a dizzying, complex, and costly array of intermediaries to run their own operations. Third, it’s exclusionary, denying billions of people access to basic financial tools. Distributed Database.

Finance 8

Finance IPO Banking Venture Capitalist 8