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Is Crypto Cleaning Up Its Act?
Financial markets Digital ArticleNew research suggests that the market’s recent self-regulation efforts are more than a PR stunt. -
What Founders Need to Know Before Selling Their Startup
Entrepreneurs and founders Digital ArticleYou might be surprised at what your acquirer will agree to — if you just ask. -
Everything You Need to Know About Stock Options and RSUs
Budgets and budgeting Digital ArticleJust like salary, you should negotiate equity compensation. -
The SPAC Bubble Is About to Burst
Mergers and acquisitions Digital ArticleLimited oversight, tons of money, and hype for days. What could go wrong? -
No, WeWork Isn’t a Tech Company. Here’s Why That Matters
IPOs Digital ArticleThe kind of company it is influences investors and its valuation. -
The Strategy Question at the Center of Lyft’s IPO
Wettbewerbsstrategie Digital ArticleWhy are some networks so much more profitable than others? -
If Snap’s Strategy Is Building New Products, It Won’t Live Up to Its IPO Price
IPOs Digital ArticleThe value is in platforms, not products. -
Pure Storage’s CEO on Choosing the Right Time for an IPO
Entrepreneurship Magazine ArticleDietzen and his team weighed the risks and advantages of going public. -
How Unicorns Grow
Entrepreneurial financing Magazine ArticleStart-ups are getting bigger faster than ever—but that’s no guarantee of success. -
The Public Corporation Is Finally in Eclipse
Mergers and acquisitions Magazine ArticleIn his classic 1989 HBR article “Eclipse of the Public Corporation,” Michael Jensen analyzed early leveraged buyouts and identified a new form of corporate organization, the LBO association. He believed it would outperform the traditional public company thanks to “pay-for-performance compensation systems, substantial equity ownership by managers and directors, and contracts with owners and creditors […] -
A Cheaper Way to Do IPOs
Accounting Magazine ArticleInitial public offerings are an expensive exit route for company owners. Underwriters in the U.S. typically charge 5% to 7% of proceeds. Underpricing of shares takes another 10% to 15%, on average; total costs of $100 million aren’t unusual for large deals. It’s not surprising that many owners pursue other options, especially M&A. In recent […] -
Twitter, that Old Media Darling
Social media Digital ArticleTwitter’s value proposition looks awfully familiar to one researcher. -
What Wall Street Wants to See From Twitter’s Executives (and Why It’s Wrong)
Finance and investing Digital ArticleThe market cares about a company’s leaders, not just its metrics. -
The Right Way to Run an IPO Road Show
Managing yourself Digital ArticleOver the past 17 years I’ve worked with hundreds of executives to raise billions of dollars — from private equity to hedge funds to IPOs. I’ve seen road shows done right, but I’ve also seen every mistake in the book. In today’s see-saw economy, just as important as the timing of your IPO is being […] -
To Be a Fly on the Wall at Facebook on IPO Day
Finance and investing Digital ArticleFacebook “goes public” Friday, May 18th. Imagine what it might be like inside the company right now. Soon, paper stock option agreements tucked into employee compensation folders could erupt into cascades of real dollars. Maybe employees will soon barge through the doors and board shuttle busses to the BMW dealerships, software bugs be damned. Or […] -
Three Headwinds for Facebook’s IPO
Web-based technologies Digital ArticleI am not pessimistic about Facebook’s future. 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. When I logged into the site for the first time in the spring of 2004, I was prepared to hate the service. […] -
Yelp's IPO Will Test the Flaws in Its Business Model
Communication Digital ArticleYelp's IPO filing comes hot on the heels of successful IPOs and high valuations for Angie's List and Groupon. Yelp's timing reflects both a tech-friendly... -
Why Facebook (and Others) Don’t Want to Go Public
Finance and investing Digital ArticleIn case you hadn’t noticed, Facebook really doesn’t want to go public. At least, not yet. The seven-year-old company is now valued at $50 billion, significantly more than one-time Internet behemoths Yahoo! or eBay. (It’s also been said that the company’s value tops media giant Time Warner’s, but that’s only if you ignore the value […] -
A Tale of Two Innovators Going Public
Abertura de Capital Digital ArticleA few weeks ago, electric vehicle manufacturer Tesla Motors issued stock to the public. Its charismatic CEO Elon Musk was once touted by Wired as a “triple threat” disruptor based on his previous experience with PayPal and Space Exploration Technologies. A successful stock market introduction led to Musk being worth millions, on paper at least. […] -
How I Did It: Google’s CEO on the Enduring Lessons of a Quirky IPO
IPOs Magazine ArticleThe Idea: When Google announced its intention to go public, in 2004, all eyes were on its unorthodox strategy. Here’s how it played out.
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Ranger Energy Services: Bridging Public & Private Markets
Management Case Study11.95View Details In August of 2017, CSL Capital, a private equity fund founded and operated by Charlie Leykum (HBS'04), was deciding to take one of its portfolio companies,... -
Mercado Bitcoin: M&A, IPO, or Series B?
Management Case Study11.95View Details In April 2021, Brazilian cryptocurrency platform Mercado Bitcoin, had to decide how to scale: go public, M&A with a bank, or take a VC big check. In a... -
Keurig: A Return to Growth
Management Case Study11.95View Details By the early 2010s, Keurig Green Mountain (KGM) had lost the momentum that had made it the name in at-home coffee brewing in North America. Following... -
Jacqueline Cook at Vendasta: Debating an IPO
Management Case Study11.95View Details In May 2021, after a surge in demand for digital services that prompted high valuations for startups across the Canadian tech sector, Saskatchewan-based... -
Arete Research on Unity Software
Management Case Study11.95View Details Richard Kramer had founded Arete Research, an independent financial research provider, in 2000 after a successful career as a sell-side analyst at Goldman... -
Masterpiece for the Masses: The First Art Exchange ARTEX
Management Case Study11.95View Details Yassir Benjelloun-Touimi, CEO of ARTEX, aspired to marry the world of art and finance. Hoping to promote transparent, fractionalized ownership of renowned... -
Nomad: A License to Bank
Management Case Study11.95View Details In late 2023, Lucas Vargas, CEO and co-founder of Nomad, a fintech that offered financial services in the United States for Brazilian residents, had to... -
ReNew (B): A New Direction
Management Case Study5.00View Details The global renewables sector was in a slump, but the Indian market was booming. India's largest renewable electricity generator, ReNew, faced a dilemma:... -
Mamaearth IPO Dilemma: To Proceed or Pause
Management Case Study11.95View Details Mamaearth was founded by husband-and-wife duo Varun and Ghazal Alagh in 2016. The core value proposition of Mamaearth's offer focused on toxin-free, safe... -
Monde Nissin Corporation: IPO Luck in the Philippines
Management Case Study11.95View Details In May 2021, a recent MBA graduate and retail investor, read an announcement about Monde Nissin Corporation launching an initial public offering of 3.6... -
Know What Matters: Lessons from a Lifetime of Transformations
30.00View Details Ron Shaich, founder and former CEO of Panera Bread, shares the lessons he learned from a lifetime of asking what really matters and then making the transformations... -
Indigo Paints IPO: Listing Exit or Long-Term Investment?
Management Case Study8.95View Details In January 2021, Indigo Paints Limited launched an initial public offering of ordinary equity shares to list the company on a stock exchange. It was one... -
TruthCRM Competitive Auction in Mergers and Acquisitions: Instructions for Magic Beans Team
Management Case Study8.95View Details The TruthCRM case provides students with an interactive simulation of the competitive auction process to maximize value for a company involved in an acquisition.... -
TruthCRM Competitive Auction in Mergers and Acquisitions: Instructions for High Flyer Team
Management Case Study8.95View Details The TruthCRM case provides students with an interactive simulation of the competitive auction process to maximize value for a company involved in an acquisition.... -
TruthCRM Competitive Auction in Mergers and Acquisitions: Instructions for Tilted Halo Team
Management Case Study8.95View Details The TruthCRM case provides students with an interactive simulation of the competitive auction process to maximize value for a company involved in an acquisition.... -
TruthCRM Competitive Auction in Mergers and Acquisitions: Instructions for Tank Software Team
Management Case Study8.95View Details The TruthCRM case provides students with an interactive simulation of the competitive auction process to maximize value for a company involved in an acquisition.... -
In Good Company? Should Supreme Join VF Corporation?
Management Case Study11.95View Details The case describes the evolution of the brand Supreme, from its founding to a $2.1 billion acquisition offer in 2020 by VF Corporation, a $10 Billion... -
Crisis at Away (B)
Strategy & Execution Case Study5.00View Details This case is a follow-up to "Crisis at Away (A)" (UVA-S-0361), which explores the lifestyle-brand start-up Away as it grapples with a public-relations... -
Crisis at Away (A)
Strategy & Execution Case Study11.95View Details When should a board of directors push for a CEO change? This case explores the experiences of the board of directors of a popular and successful lifestyle-brand... -
Masdar City: Aiming for Sustainable and Profitable Real Estate
Finance & Accounting Case Study11.95View Details Masdar City broke ground in 2008 and was conceived by the Abu Dhabi government to be an international beacon of innovation in sustainable energy and real...