Remove Finance Remove Hedge Remove IPO
article thumbnail

What the Lending Club IPO Means for Business

Harvard Business Review

Lending Club, a San Francisco-based peer-to-peer lending start-up, filed for an IPO yesterday, hoping to raise half a billion dollars at a $5 billion valuation. According to Mills’ research, “most [peer-to-peer lenders] are large institutional investors such as hedge funds and investment banks.”

IPO 8
article thumbnail

Can Your Company Survive a Bubble?

Harvard Business Review

The trio (respectively, a finance professor at Cornell, an applied-math Ph.D This is the kind of thing that can drive people outside of quantitative finance a little crazy ; there's no reference to company fundamentals, just "sophisticated volatility estimation techniques combined with the method of reproducing kernel Hilbert spaces."

Company 13
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Uber Is Finally Realizing HR Isn’t Just for Recruiting

Harvard Business Review

As Pete Ramstad and I note in Beyond HR , leaders often have far better developed frameworks for the value proposition of the finance function than for HR. Uber apparently lacked oversight about sexual harassment behavior; it seems far less likely that such oversight would be lacking when it comes to finance.

article thumbnail

What Initial Coin Offerings Are, and Why VC Firms Care

Harvard Business Review

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. ICOs are the Wild West of financing — they sit in a grey zone where the U.S.

article thumbnail

What Happened to Goldman Sachs?

Harvard Business Review

Update: Politico's Ben White did have a brief testimonial from hedge fund manager and Goldman client Whitney Tilson this morning.) That may just be because some of the partnership ethos lived on nine years after the IPO, meaning that the firm is unlikely to do so well in the next financial crisis.

Hedge 13
article thumbnail

Should Dual-Class Shares Be Banned?

Harvard Business Review

Firms with growth opportunities as well as the need for external equity financing often convert to dual-class shares. This clause automatically converts a superior voting share to a low-vote class at a fixed time after IPO. Other studies, however, show that dual-class structure might be optimal in certain scenarios. stock exchanges.

Class 10
article thumbnail

Business Should Focus on Sociality, Not Social "Media"

Harvard Business Review

That business, or any other institution, dictates life to you (Oh, wait, that's what they already do — just not in ways that benefit anyone who isn't already the Gangnam-Style scion of a mummified vampire hedge fund quadrillionaire). Here's what I do mean. That institutions focus on outcomes, not just outputs.

Media 8