If Snap’s Strategy Is Building New Products, It Won’t Live Up to Its IPO Price

Harvard Business Review

In light of Snap’s IPO , there has been an immense amount of speculation about the long-term viability of the company’s strategy. Two elements of it have caught some attention: Snap’s statement that it is a “camera company,” and its intention to reinvest its revenues in developing new products that will take significant time and expense, but which it believes it can develop faster than competitors. Don’t Confuse Products and Platforms.

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Three Headwinds for Facebook's IPO

Harvard Business Review

I have used the social network for eight years and continue to be impressed with Mark Zuckerberg's focus on product and his vision for the internet. But equity investing and product use are very different things. And despite all of Facebook's user support, investors should be skeptical of the company's pricey IPO. Over the past couple of years, I've become close with a handful of web product managers. There is a lot of emotion behind the Facebook IPO.

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How Google Has Changed Management, 10 Years After its IPO

Harvard Business Review

From early on, Google employees were encouraged to spend a significant portion of their time on interesting side projects, with the idea that some of these projects would become new products.

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Geoffrey Moore: A third interview, by Bob Morris

First Friday Book Synopsis

Geoffrey Moore is Managing Director, Geoffrey Moore Consulting; a venture partner with Mohr Davidow Ventures, Chairman Emeritus, TCG Advisors, The Chasm Institute and The Chasm Group; and a member of the Board of Directors, Akamai Technologies and several pre-IPO Companies.

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The Flawed Premise Behind the Candy Crush IPO

Harvard Business Review

As you may know, King Digital, the company behind the blockbuster game Candy Crush Saga , is about to IPO. Jim Surowiecki in the New Yorker and Felix Salmon at Reuters (and many, many others) have analyzed the IPO. Salmon thinks that the market is so frothy that companies have to have a credible plan to IPO just to seem viable as an acquisition. In his interview with HBR, Salganik explained that having a cultural product of good quality is not enough. Technology

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0801 | How To Work With Millennials with Brad Szollose

LDRLB

Brad is a former C-level executive of a publicly traded company that he co-founded which went from entrepreneurial start-up to IPO in less than three years. In This episode, You’ll Learn: The Influential Wave of Technology on Millennials. How to Separate Presence from Productivity.

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Innovation Is as Much About Finding Partners as Building Products

Harvard Business Review

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. The technology-driven disruption model that brought us computing, the internet, and mobile apps is no longer sufficient. Sponsored by DXC Technology.

Why the Rules of the Entrepreneurial Game Are Changing

Leading Blog

Internet traffic and was the first Internet IPO. They will create products and services that make our food safer and our commute to work easier. Education innovators were often too focused on technology in the First Wave, and too much on content in the Second Wave.

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

Harvard Business Review

The number of listed firms can decline because of three developments: 1) bankruptcy, failure, or closure of listed firms, 2) delisting of firms going private or acquired, and 3) decrease in number of initial public offerings (IPOs). retains its leadership in technological progress.

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Some of the Most Successful Platforms Are Ones You’ve Never Heard Of

Harvard Business Review

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. That standard may then become a platform for many firms that produce complementary products and their customers.

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Why Unicorns Are Struggling

Harvard Business Review

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. Innovation Technology Competition Digital Article

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Why Financial Statements Don’t Work for Digital Companies

Harvard Business Review

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. For an industrial company dealing with physical assets and goods, the balance sheet presents a reasonable picture of productive assets and the income statement provides a reasonable approximation of expenses required to create shareholder value. steven moore for hbr.

Why the Fail-Fast Approach Isn’t Right for Breakthrough Ventures

Harvard Business Review

You develop minimally viable products, keep testing different market and product hypotheses, and pivot based on the market feedback you get. You expect to fail repeatedly and hope to eventually get to a product-market fit. It enables the product to function.

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.

The Best Platforms Are More than Matchmakers

Harvard Business Review

Where traditional business models sell products and/or services, matchmaking models sell reduced transaction costs. Choice One means going it alone to build product and find buyers. Business models Technology Digital Article

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Should Everyone Be Allowed to Invest in Private Tech Companies?

Harvard Business Review

In addition, given their quest for organization leanness, digital startups seek investors who have the expertise to help outsource their noncore business functions, such as production, distribution, marketing, and payroll processing. Beata Bernina/Getty Images.

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NewTV Is the Antithesis of a Lean Startup. Can It Work?

Harvard Business Review

NewTV is the creation of Jeffrey Katzenberg, whose track record includes head of production at Paramount, chair of Walt Disney Studios, and cofounder of DreamWorks. Tech IPO prices and subsequent trading prices were disconnected from revenue and profits. IPOs dried up.

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What Initial Coin Offerings Are, and Why VC Firms Care

Harvard Business Review

Also known as “token sales,” this new fundraising phenomenon is being fueled by a convergence of blockchain technology, new wealth, clever entrepreneurs, and crypto-investors who are backing blockchain-fueled ideas. How technology is transforming transactions. How Blockchain Works Here are five basic principles underlying the technology. Venture capital Technology Financial Services Digital Article

A Quiet Revolution in Clean-Energy Finance

Harvard Business Review

Between 2006 and 2008, more than $1 billion venture-capital dollars were channeled into startups focused on solar, wind and biofuel technologies. In the last year, however, early-stage investments in clean energy production technologies have fallen substantially (see the table at the end of this piece for more detail). A star example is Google, which raised a mere $40 million in private funding before its IPO at a $23 billion valuation.

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Your Company Needs a Communications Plan for Data Breaches

Harvard Business Review

Here’s a generalized scenario similar to cases we’ve experienced: A hot new mobile technology company lands one of the most successful IPOs of the year. For example, your IT security team or security operation center’s (SOC) early monitoring and detection functions should be aligned (through its people, processes and technology) to the business’s most critical assets (“crown jewels”).

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How to Prepare for a Crisis You Couldn’t Possibly Predict

Harvard Business Review

Most of us don’t oversee huge IPOs, but sooner or later, every team faces an unexpected crisis: technology breaks, a competitor makes a disruptive move, a promising project fails, a key employee quits, consumers have a negative reaction to a new product—the list goes on. This has played a role in many failures, from the Facebook IPO to the Deepwater Horizon oil spill. Phil Ashley/Getty Images.

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Oracle: The Worst-Governed, Best-Run Company Around

Harvard Business Review

The 70-year-old will stay on as the software giant’s executive chairman and also its chief technology officer — the latter title a formalization of a role he was already playing. And of the remarkable tech IPO class of 1986, which included Adobe, EMC, Microsoft, and Sun Microsystems, Oracle has been the best performer. Boards Leadership Technology After 37 years in charge, Larry Ellison finally stepped down as Oracle’s CEO on Thursday.

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When an Activist Hedge Fund Thinks a Company’s Salaries Are Too High, Who’s Right?

Harvard Business Review

The company, founded in 1996 by an engineer from Xerox’s legendary Palo Alto Research Center , Pradeep Sindhu (who remains its chief technology officer and vice chairman), was one of the highest flyers of the fin de siècle tech stock boom. Its IPO in 1999 was a sensation ; by autumn 2000 its market capitalization topped $65 billion and the ratio of its stock price to the next year’s projected earnings was a staggering 483. Finance Tech industry Technology

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Why WikiLeaks Matters More (And Less) than You Think

Harvard Business Review

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. That's why the traditional understanding of everything from GDP to " jobs " to " profit " to " IPO " is limited. Information & technology Internet Transparency

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Why Mega-Mergers Are Back in Vogue for Internet Companies

Harvard Business Review

For many consumer tech companies, this post-IPO pressure on financial returns is too high. However, many of them go public at a point when they only have one product, even if it’s still unrefined.

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It’s Time to Re-Imagine Mary Meeker’s Internet Trends Report

Harvard Business Review

The clumsy slides overflowing with bullet points, photo clips, and ’90s-era charts and graphs never feel amateurish so much as entrepreneurial, the product of the passion and audacity of trying to capture a thorough picture of such a dynamic industry. And in the six months since its IPO, Twitter’s been through a honeymoon , a backlash , and a backlash to the backlash. Internet Tech industry Technology

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Three Things that Actually Motivate Employees

Harvard Business Review

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. Their products are early stage, which means daily frustrations as they run through successive iterations.

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Reversing the Decline in Big Ideas

Harvard Business Review

No IPO. These people are the information economy's mom and pop business owners , just more technologically leveraged and profitable than their brick & mortar predecessors. The internet and, more broadly, technology, progress developmentally.

Reversing the Decline in Big Ideas

Harvard Business Review

No IPO. These people are the information economy's mom and pop business owners , just more technologically leveraged and profitable than their brick & mortar predecessors. The internet and, more broadly, technology, progress developmentally.

Startups Can’t Revolve Around Their Founders If They Want to Succeed

Harvard Business Review

Even when startups have great products and customer interest, they struggle with long-term growth. Founders may lack the skills and interest to lead those activities effectively — what they typically love is dreaming up and building products.

The Best Companies Invest Aggressively in These 3 Areas

Harvard Business Review

In 2000, Ambani thought big about critical capabilities for the future core of his business and built an integrated petrochemical complex designed to serve a full 25% of the giant Indian market, with technology and scale that gave it a 30% cost advantage over his regional competitors.

The Most Innovative Companies Have Long-Term Leadership

Harvard Business Review

The typical enterprise software startup that IPOs is at least 7 years old (to say nothing of those that try and fail). In the year before Google IPO’d, it did about $962 million in revenue. We’re in an up market and people are more excited about technology than ever before.

Morning Advantage: How Bosses Do Harm

Harvard Business Review

Two-thirds of them are still with the company — and they’re the ones making the decisions about where the products and the company are going. But looking at the company's evolution through that lens helps explain why its IPO numbers have topped those of perhaps the most successful internet start-up of all time. This Robot Could Transform Manufacturing (Technology Review). This is harsh.

Many CEOs Aren’t Breakthrough Innovators (and That’s OK)

Harvard Business Review

However, CEOs often don’t have the career background and education that would equip them to personally lead the process of new product development. This would mean, for example, working in R&D to lead pharma innovation, new product development for high tech, and product design or merchandising for fashion retail. For example, Qualcomm’s CDMA mobile technology was a breakthrough that led to its IPO in 1991.

Xbox Live: How an Old Tech Company Built a Social Media Juggernaut

Harvard Business Review

Amid the flood of social media IPOs during the last 12 months, another "old guard" tech company has quietly built one of the most dominant, fiercely loyal and profitable social media businesses to date. I discovered Xbox Live first via my brother-in-law Joel, a technology executive and gaming enthusiast from Seattle, and my junior high buddies, Emmett and Reid, from Hawaii.

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Xbox Live: How an Old Tech Company Built a Social Media Juggernaut

Harvard Business Review

Amid the flood of social media IPOs during the last 12 months, another "old guard" tech company has quietly built one of the most dominant, fiercely loyal and profitable social media businesses to date. I discovered Xbox Live first via my brother-in-law Joel, a technology executive and gaming enthusiast from Seattle, and my junior high buddies, Emmett and Reid, from Hawaii.

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What Spinning Off a GE Business Taught Me About Managing Ultra-Fast Change

Harvard Business Review

Major organizational changes, covering everything from recruiting and branding to regulatory approvals and marketing, happened in rapid succession, with a hard deadline of 12 months to get it all done for the IPO — and 18 months from the IPO until our full separation from GE. We hired roughly 1,000 new employees in approximately 15 months to build our operations, human resources, compliance, and technology teams. (We Change management can be a test for any organization.

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Don’t Build Your Startup Outside of Silicon Valley

Harvard Business Review

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. It’s time spent not building product.

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Hire a Great Chinese Engineer by Impressing His Girlfriend's Mom

Harvard Business Review

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.

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African Lessons for the City-State of Facebook

Harvard Business Review

The heady winds of Facebook's IPO have left in their wake gnawing questions about the durability of the social network behemoth's brand, as critics point to declining revenue growth and a less-than-spectacular earnings outlook. But the troubled IPO should direct attention to more fundamental elements of the company's strategy. And, for Western-based technology and social media giants, a possible lesson.

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Blinded by Facebook

Harvard Business Review

When big business leaders think about social media they tend to focus on three things: innovative technologies, marketing applications, and IPOs — the three factors that make Facebook and Twitter so hot. But if that's the focus, it's surely misplaced. Because it isn't the social media per se that you should be attending to; it's the media used by the people and organizations that care most about what you do. These "stakeholder media" aren't always Facebook or Twitter.

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What African Start-Ups Need to Do to Hire and Keep Great Talent

Harvard Business Review

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.

A Simple Way to Test Your Company’s Strategic Alignment

Harvard Business Review

Strategy involves choices about what products and services to offer, which markets to serve, and how the company should best set itself apart from rivals for competitive advantage. There is no universal or one-size-fits-all prescription for a winning business.