Strategy Driven

SEPTEMBER 9, 2020

It can involve investors, the public in the form of an IPO, or even, family members that are backing you. Well, it is, and it isn’t. Many people believe that entrepreneurism is all about private ventures, that don’t necessarily involve a bank. But why not a bank?

Banking 89

Banking IPO System Entrepreneur 89

Harvard Business Review

MAY 15, 2012

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. I don't mean to suggest it will fall 70% in value after its IPO pop.

IPO 15

IPO Advertising IRR Venture Funding 15

Harvard Business Review

MAY 17, 2012

I had a front row seat to one of the most successful IPO's of the dot-com boom. On day one, because we did not yet have a general counsel, the company told me — the only ex-lawyer then on staff — to manage the IPO. So what actually happens inside a company on IPO day? The screen flickered. We cheered!

IPO 14

IPO Lewin CTO Conference 14

Harvard Business Review

AUGUST 27, 2018

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). Chief finance officers increasingly question the ability of a day trader to value a digital company.

IPO 11

IPO Company First-mover Advantage Intangible Assets 11

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. ” This ended up being the “true north” our employees rallied around. What did we do?

Management 11

Management IPO Diversity Long-term 11

Harvard Business Review

SEPTEMBER 28, 2015

Benjamin Graham , the father of value investing, seldom met the managers of the companies he invested in because he felt they would tell him only what they wished him to hear and because he didn’t want to be influenced by impressions of personality. So is there something different about the managers who do succeed?

Stage-Gate 8

Stage-Gate Kaplan Intangible Assets Competitive Advantage 8

Harvard Business Review

SEPTEMBER 13, 2013

Between now and the IPO, every bit of information about the company’s finances and other metrics will be closely scrutinized. Research shows that firms’ management teams influence the success of their IPOs. Senior Management & the Board of Directors. Is Wall Street a Good Judge of Leadership? .

IPO 8

IPO Execution Incentives Finance 8

Harvard Business Review

MARCH 7, 2017

Just as striking is her description of Uber’s HR organization, which advised Fowler that because the manager in question was a high performer, HR did not feel comfortable punishing him. That is like setting up a finance organization to do exotic risk hedging before putting in place basic reporting and compliance.

Compliance 12

Compliance Hedge Human Capital Finance 12

Harvard Business Review

AUGUST 16, 2011

The best way to manage a fledgling business is for managers to be impatient for profit but patient for growth. First, when a business is impatient for profit, managers are forced to validate their assumptions and demonstrate that customers are fundamentally willing to pay an acceptable price for the company's offering.

Christensen 20

Christensen Fixed Costs Metrics Business Model 20

Harvard Business Review

DECEMBER 3, 2018

Council of Institutional Investors (CII), representing managers of $25 trillion assets, recently demanded limiting any company’s dual-class share structure to seven years. Firms with growth opportunities as well as the need for external equity financing often convert to dual-class shares. stock exchanges.

Class 10

Class Maturity IPO Short-term 10

Harvard Business Review

NOVEMBER 7, 2018

More recently, it has gained attention as a way to finance new ventures, through what is known as an Initial Coin Offering (ICO). Less noticed, though, is ICOs appear almost antithetical to the standard approach to financing a risky venture. In fact, ICOs have upended the conventional pattern of staged experimentation and fundraising.

Cost 8

Cost Decentralization Finance Entrepreneur 8

Harvard Business Review

JUNE 9, 2011

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 15

Company Finance Price IPO 15

Harvard Business Review

SEPTEMBER 4, 2015

We’ve found that CEOs of big pharmaceutical companies, for example, are more likely to have a background as company lawyers, salespeople, or finance managers, than one in medicine or pharmaceutical R&D. For example, Qualcomm’s CDMA mobile technology was a breakthrough that led to its IPO in 1991.

CEO 8

CEO Innovation Pharmaceuticals Merchandising 8

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. And in short order, the company achieved consistent double-digit sales growth — and a successful IPO.

IPO 9

IPO Audience Chief Information Officer Case Study 9

Harvard Business Review

JUNE 9, 2014

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. Entrepreneurship Finance' For as long as it has been an industry, these have been the only two ways for a venture capital-backed company to succeed.

Entrepreneur 8

Entrepreneur Venture Capitalist Mezzanine Short-term 8

Harvard Business Review

AUGUST 5, 2014

Booming public equities and a recovered IPO market generated record portfolio company exits and distributions from VC funds. LPs pay VCs like asset managers, not investors. This fixed 2% fee structure creates the incentive to accumulate and manage more assets. Finance Venture capital'

Venture Capitalist 19

Venture Capitalist Asset Management Rate of Return Incentives 19

Harvard Business Review

AUGUST 30, 2017

market , and still has a large cash hoard for investment from its last financing round at a valuation of $68 billion, making it the highest-valued unicorn in the history of business. However, after its IPO, Amazon’s losses were in the millions, not the billions.

CEO 14

CEO IPO Energy COO 14

Harvard Business Review

AUGUST 7, 2013

At the very least, it can buy time while management sorts out the right comprehensive response. But if in reaction to Pandora, SiriusXM would instead have launched a free, advertising-supported version of their content for online and mobile, they might have permanently delayed Pandora''s IPO by denying them the ability to grow users.

Disruptive Innovation 8

Disruptive Innovation Advertising Discount IPO 8

Harvard Business Review

APRIL 3, 2012

Such regulations, if they succeed in increasing the information flow between managements and markets, are also good news for investors in general. Individual investors should be disabused of the notion that investing in IPOs like Groupon's is a safe and responsible path to financial security.

IPO 13

IPO Conflict of Interest Information Marketing 13

Harvard Business Review

AUGUST 6, 2014

content (news, finance, weather) into two Chinese languages, and directory access to 20,000 web sites, an approach that the company had adopted elsewhere. By mid-2004, however, the operation was mired in conflict over control and differences in management style. The company was owned by management, venture capitalists, and SoftBank.

Chief Financial Officer 10

Chief Financial Officer Learning-by-Doing Operations IPO 10

Harvard Business Review

MARCH 15, 2012

Update: Politico's Ben White did have a brief testimonial from hedge fund manager and Goldman client Whitney Tilson this morning.) But Goldman succeeded in managing its risks before and during the financial crisis better than almost any other financial firm. Do you think our guys could have invented, say, credit default swaps?

Hedge 15

Hedge Long-term Banking Short-term 15

Harvard Business Review

APRIL 10, 2013

For you entrepreneurs, the challenges of scale-up are first and foremost the responsibility of managements and boards. It is hell to manage.". So Puerto Rican entrepreneurs hire consultants to badger government procurement to pay up, and in parallel they jack up their prices to finance the long receivables cycle.

Entrepreneur 8

Entrepreneur IPO Incentives Venture Capitalist 8

Harvard Business Review

OCTOBER 23, 2013

Many small businesses don’t require the sort of financing required by firms in pursuit of s-curve growth. For startups outside of those cities, that means there is a smaller pool of locally-managed dollars to chase for your startup. It takes longer to raise money. But it is an important metric.

IPO 9

IPO Venture Capitalist Entrepreneur Competitive Advantage 9

Harvard Business Review

OCTOBER 2, 2017

entrepreneurs, just over $50,000) they typically seek more modest amounts of outside investment and are not typically working towards an acquisition or IPO. The most successful accelerators identify the respective entrepreneur’s specific financing needs rather than assuming that there is one path to success and scale.

Marketing 9

Marketing Venture Funding Entrepreneur IPO 9

Harvard Business Review

OCTOBER 11, 2013

Before the IPO in 1999, partners of Goldman Sachs owned equity in a private partnership. Ethics Finance Risk management' At Goldman Sachs, one element that was different in the lead up to the financial crisis was not the amount of leverage but the constraints and incentives faced by partners.

Incentives 8

Incentives Banking Ethics IPO 8

Harvard Business Review

FEBRUARY 24, 2015

Conversely, the business may be an “unpolished diamond” that was neglected by its former management for too long and whose value is just waiting to be unlocked. Does the business have a complete, balanced, and cohesive management team? Are the management team and owners prepared to abandon business as usual?

Chemicals 8

Chemicals How To Kahneman Reputation 8

Harvard Business Review

NOVEMBER 20, 2013

Beijing-based telecom security company NQ Mobile has gone so far as to create a separate headquarters in Texas for its developed-market business, managed by an American co-CEO and entirely comprised of American employees. A local, adaptive culture, not just presence, is vital for Chinese brands to make the right decisions overseas.

Brand 8

Brand Globalization Company Development 8

Harvard Business Review

JULY 18, 2012

No longer were technology companies main customers old, white executive managers who got their jollies off on the largest feature set at the cheapest price. I see people building productivity apps who have never heard of GTD, or more importantly Energy Management. No 20,000 tech jobs.

Venture Capitalist 17

Venture Capitalist Software Entrepreneur Engineering 17

Harvard Business Review

JULY 18, 2012

No longer were technology companies main customers old, white executive managers who got their jollies off on the largest feature set at the cheapest price. I see people building productivity apps who have never heard of GTD, or more importantly Energy Management. No 20,000 tech jobs.

Venture Capitalist 17

Venture Capitalist Software Entrepreneur Engineering 17

Harvard Business Review

SEPTEMBER 10, 2015

In 2014, for example, 18 IPOs raised a record-breaking $9.8 to build the satellite office and to personally oversee the recruitment and management of American executives who can lead the sales and marketing efforts. and have gained management experience at large organizations such as Google, Microsoft, and Amazon.

Venture Capitalist 8

Venture Capitalist Entrepreneur Marketing IPO 8

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. In a good start-up, these characteristics are not hard to find.

Company 9

Company Ries Maturity Innovation 9

Harvard Business Review

DECEMBER 9, 2010

His money would allow her to pursue a new, perhaps more comfortable, growth strategy, directly managing 10 new centers instead of franchising them as she'd done with 11 of the 12 existing locations. I'm not a finance person, but that seems too soon to me.". Why would an IPO be so bad? Herzlinger is the Nancy R.

Case Study 14

Case Study Franchising Health Care Follow-up 14

Lead Change Blog

AUGUST 9, 2018

Entire new systems need to be constructed just to manage this complexity, with questionable or negative value to society at large. today, where complexity is piled upon complexity in a number of critical sectors, such as health care, energy, finance, and government. The increased role of finance in our economy. Government.

Cost 172

Cost Health Care IPO Finance 172

Harvard Business Review

MARCH 1, 2017

Traditionally, companies target angel investors in the early stages of a new business, and later look to venture capitalists, eventually culminating in an initial public offering (IPO) on a stock exchange. The unstoppable force of blockchain technology is barreling down on the infrastructure of modern finance.

Finance 8

Finance IPO Banking Venture Capitalist 8

Harvard Business Review

DECEMBER 13, 2012

That the job of managers isn't just to "deliver product" — but to impact lives. And then not just package it neatly, sell it cheap, and finance it cheaper — you're going to have co-create it with them, instill it in them, and imbibe it from them. Here's what I do mean. That institutions focus on outcomes, not just outputs.

Media 8

Media Fashion IPO Brand 8

Harvard Business Review

DECEMBER 19, 2017

went public in June, then saw its stock price fall 70%, making it the worst performing IPO of a major company so far in 2017. Likewise, what is the right set of metrics that company executives should use to manage their subscription businesses in order to hold themselves fully accountable to their stakeholders?

IPO 8

IPO How To Bottom-up Metrics 8

Harvard Business Review

JANUARY 14, 2014

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' But lately it’s been looking a lot like a mature substantial, profitable company. Maybe it’s both.

Hedge 8

Hedge Chief Technology Officer Maturity IPO 8