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Three Headwinds for Facebook's IPO

Harvard Business Review

Over the past couple of years, I've become close with a handful of web product managers. Less than three years ago, Facebook was valued at just 10B by Yuri Milner's Digital Sky Technologies. For every 10 investments, a good firm may have one defining investment, returning hundreds of percent in IRR.

IPO 19
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Two Forces Moving Business Closer to Climate Action

Harvard Business Review

and an IRR of 27% for those companies with the most aggressive, science-based goals and actions on climate. Even those hippies over at asset manager Lazard calculate that the cost of solar PV technologies has dropped nearly 80% in five years. Polman and Branson are expected at these meetings now, but more leaders are joining.

IRR 9