Harvard Business Review

OCTOBER 15, 2018

While most of the private equity companies are private, a few like Blackstone Group, KKR, Carlyle Group, and Apollo Global Management are traded on stock exchanges. Gone is the heyday of the 1990s when firms with simply an idea and little or no revenues could do an IPO.

Venture Capitalist 8

Venture Capitalist IPO Company Kleiner 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 contrast, emerging-market VCs such as Nadathur Holdings (established in 2000 by N.S.

Marketing 15

Marketing Venture Capitalist Biotechnology IPO 15

Harvard Business Review

JULY 24, 2017

Change management can be a test for any organization. Several studies by Towers Watson show that just 25% of change management initiatives are successful over the long term. Change management certainly tested us. We have hired more than 5,000 new employees since beginning the effort in late 2013.) What did we do?

Management 10

Management IPO Diversity Long-term 10

Harvard Business Review

FEBRUARY 26, 2018

On February 13, 2018, the New York Times reported that Uber is planning an IPO. Twitter reported a loss of $79 million before its IPO, yet it commanded a valuation of $24 billion on its IPO date in 2013. Companies can disclose these items in the Management discussion and analysis section of their annual report.

Company 8

Company Intangible Assets Depreciation IPO 8

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

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

JUNE 30, 2016

We were reminded of this a few years ago, when we studied a major European conglomerate with more than 50 distinct businesses spread across dozens of markets. “Talent management is easily over a third of all executive time when you count it all,” one long-standing company employee told us about how the company is run.

Supply Chain 13

Supply Chain Company IPO Talent Management 13

Harvard Business Review

MARCH 28, 2016

Both associations managed their brands and ran the clearing and settlement systems for banks that issued cards or helped merchants accept cards. Then the banks decided to turn the associations into for-profit companies, IPO them, and cash out. MasterCard IPO’d in 2006, and Visa followed two years later.

IPO 8

IPO Succession Technology Software 8

Harvard Business Review

DECEMBER 30, 2014

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.

Long-term 10

Long-term Innovation Company IPO 10

Harvard Business Review

JULY 21, 2014

That could mean illustrating the effects of a proposed customer management system with testimonials from actual customers, or describing how the data-sharing project you want to expand helped keep employees connected during a major outage. Is there a market opportunity the company is overlooking? ” says Sheen. The price tag?

IPO 9

IPO Audience Chief Information Officer Case Study 9

Harvard Business Review

AUGUST 5, 2014

Booming public equities and a recovered IPO market generated record portfolio company exits and distributions from VC funds. A VC firm is, first and foremost, an investment vehicle created to generate returns for investors that exceed those available in the fully liquid, low cost public equity markets.

Venture Capitalist 17

Venture Capitalist Asset Management Rate of Return Industry 17

Harvard Business Review

OCTOBER 7, 2016

Few things are more damaging to a brand’s reputation than a hack in the headlines, and in the event of a public security incident, it’s highly likely that the Chief Marketing Officer (CMO) and the Chief Security Officer (CSO) will be the first people the CEO looks to and says “What do we do now?”

Planning 9

Planning Company Crisis Brand 9

Harvard Business Review

AUGUST 30, 2017

Since its founding just eight years ago, Uber has become one of the best-known brands in the world, has presence in over 80 countries, has market share reported at 77% in its core U.S. However, after its IPO, Amazon’s losses were in the millions, not the billions. Khosrowshahi has much working in his favor.

CEO 12

CEO IPO Energy COO 12

Harvard Business Review

MAY 20, 2011

Fast forward four years and LinkedIn is a public company with a market cap of more than $9 billion and revenues of about $400 million. LinkedIn didn't create the very quiet tech market it was born into, but it definitely benefited from it. In 2003 there were no tech IPOs at all. It stuck with its target market.

IPO 15

IPO Advertising Business Model Marketing 15

Harvard Business Review

APRIL 13, 2015

In Africa’s technology start-up scene, one of the most difficult challenges is attracting and retaining talent. With limited exit opportunities via initial public offers ( IPOs ) and acquisitions, smart young people understand that stock options rarely bring a big payday.

Venture Capitalist 8

Venture Capitalist IPO Entrepreneur Banking 8

Harvard Business Review

JUNE 9, 2014

But in technology startups, particularly venture-backed technology startups, the current investment climate does not always support that vision. It is incredibly hard to hold an IPO. Big acquirers cash out founders, management teams get folded into big organizations, cashflows disappoint, and visions flounder.

Entrepreneur 8

Entrepreneur Venture Capitalist Mezzanine Short-term 8

Harvard Business Review

MARCH 4, 2016

To borrow an analogy from our Harvard Business School colleague Shikhar Ghosh, their firms aren’t murdered by the market; they commit suicide because the founders can’t or won’t adapt to the organizations’ changing needs. Also, there is a difference between managing scale and getting to scale.

Venture Capitalist 8

Venture Capitalist Sample IPO Long-term 8

Harvard Business Review

MAY 24, 2013

In the book, I tell the stories of scale-up entrepreneurs from around the world, and how they beat the odds to make a mark on their markets. I used to think our great technology would take us to leadership in our market — now I realize it is our team, our organization, our marketing and our ambition to sell.

Entrepreneur 8

Entrepreneur IPO Open-book Marketing 8

Harvard Business Review

OCTOBER 23, 2013

But the reality for entrepreneurs outside of the established startup meccas is a difficult one: if you start a technology business somewhere other than the San Francisco Bay area, New York, or Boston, you’re stacking the deck against yourself. Not focused on new marketing campaigns. It takes longer to raise money.

IPO 9

IPO Venture Capitalist Entrepreneur Competitive Advantage 9

Harvard Business Review

JULY 18, 2012

These people are the information economy's mom and pop business owners , just more technologically leveraged and profitable than their brick & mortar predecessors. Ever thought air mattresses in living rooms would grow into a billion dollar company that would take on the vacation rental market and the hotel industry?

Venture Capitalist 17

Venture Capitalist Software Entrepreneur Engineering 17

Harvard Business Review

JULY 18, 2012

These people are the information economy's mom and pop business owners , just more technologically leveraged and profitable than their brick & mortar predecessors. Ever thought air mattresses in living rooms would grow into a billion dollar company that would take on the vacation rental market and the hotel industry? But times change.

Venture Capitalist 17

Venture Capitalist Software Entrepreneur Engineering 17

Harvard Business Review

APRIL 18, 2014

Even what appears to be a small investment risk can turn into a big one, especially when information technology comes into play. The company was hell-bent on entering a new market but knew it had to automate its warehouse to do so. Martig was a seasoned CFO with years of forecasting experience in technology firms.

CFO 8

CFO Venture Funding IPO Retail 8

Harvard Business Review

AUGUST 2, 2016

True platform innovators aren’t just market matchmakers using data-driven algorithms to drive better buyer-seller matches; they invest in new value creation. In platform markets, cultivating user capability becomes as strategically important as reducing transaction costs. What really makes them work? Sponsored by Accenture.

IPO 8

IPO Human Capital Insurance Business Model 8

Harvard Business Review

AUGUST 10, 2016

On August 1 Uber announced that it is selling its Chinese brand and operations to Didi Chuxing for $1 billion, its annual burn rate in that market, in exchange for a 20% stake in the local competitor. The $1 billion burn rate in China was reportedly holding up its IPO, not just its expansion in other parts of the world.

Network Economy 8

Network Economy Globalization Discount Constraint 8

Harvard Business Review

AUGUST 15, 2013

And last year, he decided that the answer was to take the company private, to escape the hectoring of the public market. Competitors like IBM and Compaq struggled with the politics of managing their various channel partners and lagged Dell in inventory management. For more background on the potential deal, click here.)

Rivkin 15

Rivkin Succession Short-term Case Study 15

Harvard Business Review

NOVEMBER 7, 2018

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. How ICOs Constrain.

Cost 8

Cost Decentralization Finance Entrepreneur 8

Harvard Business Review

JULY 27, 2017

This meant that the company was leaving out huge innovation potential — thousands of startups with billions of funding — that could help BMW innovate anything from core vehicle technology (batteries, sensors, artificial intelligence software) to manufacturing innovations (internet of things, cybersecurity, robotics).

Venture Capitalist 8

Venture Capitalist Meyer Innovation Fixed Costs 8

Harvard Business Review

JANUARY 10, 2013

After all, China produces 600,000 engineering graduates each year, and as a former Google product manager I thought knew how to attract them. They wanted to know what my plans were for IPO. I thought hiring good engineers would be easy when I launched my startup, Julu Mobile , in Shanghai in early 2011.

Engineering 9

Engineering IPO Real Estate Price 9

Harvard Business Review

MAY 16, 2016

Strategic alignment, for us, means that all elements of a business — including the market strategy and the way the company itself is organized — are arranged in such a way as to best support the fulfillment of its long-term purpose. But corporate leaders today seem to agree that strategic alignment is high on the list.

Banking 14

Banking Strategy Film Operations 14

Harvard Business Review

FEBRUARY 8, 2017

For instance, Snapchat’s recent IPO filing revealed that the company grew revenues by 600% (to $404 million) in 2016. The explosive growth of ride sharing is a big reason why Hertz reported dismal quarterly results in November 2016, leading to a 23% drop in its market value. Many of them have been growing at a ferocious pace.

Innovation 8

Innovation Bureaucracy IPO Bottom-up 8

Harvard Business Review

JANUARY 5, 2011

Since at least the 1980s (the era of deregulation, that is, over which Alfred Kahn presided) managers of big companies have been upbraided for their intolerance to risk. Perhaps not surprisingly, managers of mega corporations remain largely unsold on that notion. Certainly, that's a fair accusation. First, why is it a sector?

Entrepreneur 14

Entrepreneur Innovation Intellectual Capital Mission Statement 14

Harvard Business Review

AUGUST 6, 2014

At the time, though, we were just in search of a new approach to building a sustainable business in that critical but often difficult market. In fact, you could say (and many did) that our previous attempts had failed, in that we hadn’t established a sustained market position. Things hadn’t gone well up until that point.

Chief Financial Officer 10

Chief Financial Officer Operations Learning-by-Doing IPO 10

Harvard Business Review

DECEMBER 8, 2010

Right now, yesterday's organizations — from corporations to Congress — have a gaping, yawning disclosure gap: the how, what, why, how and when of disclosure simply isn't good enough for markets and communities to be able to allocate and utilize resources productively or efficiently.

GDP 16

GDP Hypercompetition IPO Information 16

Harvard Business Review

MAY 30, 2013

A good management team will be dedicated to creating product market fit, otherwise the business will flounder. Investors are involved for the long haul, understanding that startup managers will have to experiment and fail along the way to a successful IPO. What about a novel technology partnership?

Company 9

Company Ries Maturity Innovation 9

Harvard Business Review

JANUARY 4, 2013

Kathryn Minshew may simply be a better time manager than I am. He polled his VC colleagues: "The odds of actually receiving funding from a cold email: 50,000 to 1," he writes in his book Mastering the VC Game: A Venture Capital Insider Reveals How to Get From Start-up to IPO on Your Terms. "So The guy doesn't know anybody?

Venture Capitalist 8

Venture Capitalist IPO Career Follow-up 8

Harvard Business Review

AUGUST 27, 2018

stock exchanges has declined by almost 50% from its peak in 1996, despite dramatic increase in aggregate market capitalization. firms gravitate towards digital strategies, firms have less need for elaborate finance, marketing, production, distribution, accounting, and human resource departments. stock exchanges.

IPO 11

IPO Company First-mover Advantage Intangible Assets 11

Harvard Business Review

OCTOBER 19, 2011

The news had just hit that Danny Lewin — the co-founder of Akamai Technologies, its charismatic CTO, a former commando in the Israeli Special Forces, and MIT mathematics genius who led the company from a math class to an IPO and a market cap of $30 billion — had suddenly died. No one was crying, but they wanted to.

CTO 9

CTO Lewin IPO Mentor 9