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The Most Innovative Companies Have Long-Term Leadership

Harvard Business Review

The M&A markets are frothy, corporations are investing in Silicon Valley labs, and even PhDs looking for jobs in business schools are finding it tough to find homes without “innovation” somewhere in their background. But it’s an idea that demands attention, investment, and a long view of the market.

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The Financial Industry Needs to Start Planning for the Next 50 Years, Not the Next Five

Harvard Business Review

Closing this gap requires much more than short-term fixes, like adopting new technologies. Businesses need to organize around long-term strategies for growth and partnership in a sustainable way. The current innovation model in the finance sector is designed to generate the highest possible short-term returns.

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How the Market Ruined Twitter

Harvard Business Review

Not surprisingly, the company stopped glorying in the openness of its ecosystem not long after that. billion in cash and short-term investments — and my sense from looking at the numbers for the past couple of quarters is that it could probably be making some money, too (that is, generating positive free cash flow), if that were a priority.

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The Facebook Investor You Never Want to Become

Harvard Business Review

A few weeks ago, I read an article in the Wall Street Journal about people who had opened up their very first investment accounts just to get in on the Facebook IPO. It also seems likely that he's kicking himself today, as the value of the stock has dropped almost 25% since its May 17 IPO. Pursue a long-term strategy.

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Can Impact Investing Avoid the Failures of Microfinance?

Harvard Business Review

Impact investors over the past decade largely focused on proving that impact investments could achieve a “market rate” or above return profile. Making something wildly profitable will of course attract the attention of financial markets, and thus increase the chances it will scale effectively. Lessons from Microfinance.

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The Two Traits Every Entrepreneur Needs

Harvard Business Review

Entrepreneurship for the Long Term. ’” Later, Intralinks decided to try to IPO. Stock markets were tanking as the dot-com bubble was bursting. We decided not to price due to falling markets: we had a book, but it wasn’t considered strong enough to withstand the selling that would occur.

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Entrepreneurs Need a Better Way to Cash Out

Harvard Business Review

For as long as it has been an industry, these have been the only two ways for a venture capital-backed company to succeed. It is incredibly hard to hold an IPO. But analysts are judging EBITDA, P/E ratios, quarterly growth, and cashflows – which don’t always correlate with long-term value creation.