Venture Capital Firm Compensation - Publications - Faculty & Research

March 2022 (Revised May 2022)
Case

Winning Business at Russell Reynolds (A)

In an effort to make compensation drive collaboration, Russell Reynolds Associates’ (RRA) CEO Clarke Murphy sought to re-engineer the bonus system for his executive search consultants in 2016. As his HR analytics guru, Kelly Smith, points out, that risks upsetting–and... View Details

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11 May 2021
Blog Post

IPO or M&A? How Venture Capital Shapes a Startup's Future

Entrepreneurs rarely consider who will ultimately own their startups—and what that means for founders—when they court venture capitalists. New research suggests they should. A startup funded by VCs who tend to work with the same group of... View Details

Keywords: Venture Capital / Private Equity

March 1998 (Revised March 2005)
Case

ONSET Ventures

By: Michael J. Roberts and Nicole Tempest

ONSET Ventures, is a venture capital firm focused on seed-stage start-ups. Describes the principles and strategies the firm has developed over its life. Also presents an in-depth discussion of one of the seed-stage companies ONSET has been incubating. View Details

Keywords: Venture Capital; Financing and Loans

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June 2024 (Revised September 2024)
Case

Sequoia Capital

By: Jo Tango, Christina Wallace, Srimayi Mylavarapu and Johnson Elugbadebo

Sequoia Capital, a venture capital firm founded in 1972, quickly grew to become one of the most storied venture capital firms in the world. Fueled by a strong culture, Sequoia's investment track record included the names of some of the largest global successes.... View Details

Keywords: Venture Capital; Organizational Culture; Organizational Change and Adaptation; Restructuring; Corporate Strategy; Financial Services Industry

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01 Oct 2000
News

HBS to Host Venture Capital Forum for Women

founder of the Boston-based CWE. "However, women-led businesses are still not gaining a significant percentage of venture capital dollars. Springboard 2000 seeks to bring together these top women-led View Details

Keywords: Finance

October 2013
Article

Corporate Venturing

By: Josh Lerner

For decades, large companies have been wary of corporate venturing. But as R&D organizations face pressure to rein in costs and produce results, companies are investing in promising start-ups to gain knowledge and agility. The logic of corporate venturing is... View Details

Keywords: Venture Capital; Knowledge Acquisition; Corporate Strategy; Research and Development; Business Startups; Innovation and Invention

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February 2024
Case

Vespucci Partners: The New World of Venture Capital in Hungary

By: Paul A. Gompers, Tonia Labruyere and Emilie Billaud

Julia Sohajda was the young, female founding partner of the Hungarian VC firm Vespucci Partners, which focused on investing at seed stage into Hungarian deep tech startups and prepare them for a launch in the U.S market. Vespucci's first fund had largely been comprised... View Details

Keywords: Venture Capital; Business Startups; Investment Funds; Financing and Loans; Entrepreneurship; Financial Services Industry; Hungary; United States

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Venture Capital and Private Equity - Course Catalog

HBS Course Catalog Venture Capital and Private Equity Course Number 1428 Senior Lecturer Jo Tango Senior Lecturer Archie L. Jones Fall; Q1Q2; 3.0 credits 28 Sessions Overview Note: this course is not for... View Details

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Field Course: Venture Capital Journey - Course Catalog

HBS Course Catalog Field Course: Venture Capital Journey Course Number 6728 Senior Lecturer Jeffrey Bussgang Fall; Q1Q2; 3.0 credits Paper Please see this video for more on this course. Click here for... View Details

2005
Chapter

Upside-down Venture Capitalists and the Transition Toward Pyramidal Firms

By: Noam Wasserman

Keywords: Venture Capital; Organizational Structure

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02 Aug 2018
Blog Post

Venturing into VC

I’ve spent my summer as an MBA Associate at Victress Capital, an early-stage venture capital (VC) firm focused on achieving outsized returns through investing in diverse teams.... View Details

March 2022
Supplement

Winning Business at Russell Reynolds (B)

By: Ethan Bernstein and Cara Mazzucco

In an effort to make compensation drive collaboration, Russell Reynolds Associates’ (RRA) CEO Clarke Murphy sought to re-engineer the bonus system for his executive search consultants in 2016. As his HR analytics guru, Kelly Smith, points out, that risks upsetting–and... View Details

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Article

Short-Termism and Capital Flows

By: Jesse M. Fried and Charles C.Y. Wang

During 2007–2016, S&P 500 firms distributed to shareholders $7 trillion via buybacks and dividends, over 96% of their aggregate net income, prompting claims that "short-termism" is impairing firms' ability to invest and innovate. We show that, when taking into account... View Details

Keywords: Short-termism; Quarterly Capitalism; Share Buybacks; Open Market Repurchases; Dividends; Equity Issuances; Seasoned Equity Offerings; Equity Compensastion; Acquisitions; Payout Policy; Capital Flows; Capital Distribution; Working Capital; Business and Shareholder Relations; Acquisition

03 Nov 2014
Working Paper Summaries

Adding Value Through Venture Capital in Latin America and the Caribbean

Keywords: by Josh Lerner, Ann Leamon, James Tighe & Susana Garcia-Robles; Financial Services

13 Oct 2020
Working Paper Summaries

Fencing Off Silicon Valley: Cross-Border Venture Capital and Technology Spillovers

Keywords: by Ufuk Akcigit, Sina T. Ates, Josh Lerner, Richard Townsend, and Yulia Zhestkova; Financial Services

04 Oct 2021
Blog Post

Tapping into “Nontraditional” Private Equity and Venture Capital Talent at HBS

Recruiters reviewing hundreds of resumes for highly coveted roles in private equity and venture capital will often see candidates with backgrounds in banking and investing. This training and experience... View Details

Keywords: Venture Capital; Venture Capital

February 2002 (Revised March 2002)
Case

Battery Ventures

By: Josh Lerner, G. Felda Hardymon, Ann Leamon, Nitin Gupta and Sameer Bharadwaj

Todd Dagres, general partner of Battery Ventures, reflects on his firm's organization and its effectiveness in one particular deal. One of the perennial challenges of venture capital is the scaling of the firm. Usually regarded as a craft industry, venture firms tend... View Details

Keywords: Venture Capital; Measurement and Metrics; Performance Effectiveness; Organizational Structure; Financial Services Industry

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February 2021 (Revised October 2021)
Case

Collab Capital

By: Natalia Rigol, Jeffrey J. Bussgang and Mitchell Weiss

Founded in 2020 by Jewel Burks Solomon and her partners, Barry Givens and Justin Dawkins, Collab Capital was a new investment firm built on two pillars: first, it would identify and support ventures founded by Black entrepreneurs, a group underrepresented in... View Details

Keywords: Black Entrepreneurs; Entrepreneurship; Venture Capital; Race; Business Startups; Financial Services Industry; Atlanta

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19 Sep 2012
News

The Venture Capital Secret: 3 Out of 4 Start-Ups Fail

February 2023
Case

Kapor Capital

By: Jeffrey J. Bussgang, Lindsay N. Hyde and Julia Kelley

Kapor Capital, a leading impact investment venture capital (VC) firm, is on the cusp of a generational transition. The two rising managing directors are about to take over the firm from the VC’s eponymous founders. How should they think about strategy, brand, and... View Details

Keywords: Entrepreneurship; Venture Capital; Operations; Business Startups; Financial Services Industry; United States

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