Publications

2001
Report

The Diana Project: Women Business Owners and Equity Capital: The Myths Dispelled

By: Candida Brush, Nancy Carter, Elizabeth Gatewood, Patricia Green and Myra M. Hart

Keywords: Business Ventures; Gender; Capital

September 2023
Case

Healthy.io: The Negotiation for the Medical Selfie

By: Amit Goldenberg and Kumba Sennaar

Healthy.io, an Israeli digital health company, prepares to enter the U.S. market with its chronic kidney disease test. A product safety approval is delayed, putting the company’s cash runway at risk. How should the CEO negotiate his offer to insurance companies ahead... View Details

Keywords: Negotiation; Entrepreneurship; Venture Capital; Operations; Business Startups; Market Entry and Exit; Health Industry; Israel; United Kingdom; United States

Educators

2020
Working Paper

Immigration Policy Levers for U.S. Innovation and Startups

By: William R. Kerr and Sari Pekkala Kerr

Immigrants account for about a quarter of U.S. invention and entrepreneurship despite a policy environment that is not well suited for these purposes. This chapter reviews the U.S. immigration policy environment that governs how skilled migrants move to America for... View Details

Keywords: Invention; Innovation; Startups; High-tech; Immigration; Entrepreneurship; Innovation and Invention; Business Startups; Venture Capital; United States

SSRN

Read Now

February 2024
Supplement

Ada: General Updates

By: Reza Satchu and Patrick Sanguineti

Mike Murchison, cofounder and CEO of Ada, updates the audience on which investor he chose as well as how Ada has grown since its Series B. View Details

Keywords: Founder; Entrepreneur; Business Startups; Entrepreneurship; Venture Capital; Growth and Development

Winter 2009
Article

Is Private Equity Out of Control in Latin America?: The Impact of Structures on Private Equity Transactions in Latin America 1988-2007

By: Roberto Charvel

This article explores the private equity industries in 25 Latin American countries from 1988 to 2007. View Details

Keywords: Latin America; Entrepreneurial Finance; Business Startups; Business Cycles; Development Economics; Economic Systems; Corporate Entrepreneurship; Assets; Capital Markets; Venture Capital; Capital Structure; Private Equity; Latin America; North and Central America

03 Dec 2008
Working Paper Summaries

Performance Persistence in Entrepreneurship

Keywords: by Paul A. Gompers, Anna Kovner, Josh Lerner & David S. Scharfstein

May 2013
Article

How to Negotiate with VCs

By: Deepak Malhotra

VC-entrepreneur partnership agreements often contain flaws that become highly damaging as the parties come up against issues of power, trust, and much more. Yet many of the flaws are systematic and predictable—and hence preventable. The author, a longtime consultant to... View Details

Keywords: Venture Capital; Negotiation Tactics; Entrepreneurship

Article

'Myth or Reality?' The Long-run Underperformance of Initial Public Offerings: Evidence from Venture- and Nonventure-capital-backed Companies

By: Paul A. Gompers and A. Brav

Keywords: Initial Public Offering; Capital; Business Ventures; Venture Capital

15 Nov 2021
News

Charles P. Waite (MBA 1959)

Charles P. Waite (MBA 1959) Two institutions completely changed the life of Charles P. Waite, says Patti Waite Bishop about her late father, a venture capital pioneer and founding partner at Greylock... View Details

15 Nov 2001
Research & Ideas

Five Questions for Paul Gompers and Josh Lerner

HBS Working Knowledge contributor Carol Elsen conducted an e-mail interview with Paul Gompers and Josh Lerner about their new book, The Money of Invention: How Venture Capital Creates New Wealth. Elsen:... View Details

Keywords: by Carol Elsen; Financial Services

01 Sep 2008
News

Letters to the Editor

Doriot’s Impact on Europe The article about General Georges Doriot in the June issue is quite informative about his great accomplishments. Left without mention, however, was the first venture capital firm in... View Details

Keywords: Colleges, Universities, and Professional Schools; Educational Services; Government; News, Library, Internet, and Other Services; Information

January 2019
Article

Pay Now or Pay Later? The Economics within the Private Equity Partnership

By: Victoria Ivashina and Josh Lerner

The economics of partnerships have been of enduring interest to economists, but many issues regarding intergenerational conflicts and their impact on the continuity of these organizations remain unclear. We examine 717 private equity partnerships and show that (a) the... View Details

Keywords: Partnerships; Leveraged Buyout; Partners and Partnerships; Private Equity; Venture Capital; Leveraged Buyouts

SSRN

October 2012 (Revised February 2013)
Case

Innova Capital: The Transition

By: Josh Lerner and Ann Leamon

The partners at Innova Capital, a leading mid-market private equity investor in Poland, must negotiate a transition of power between the two ex-patriate founders and three talented young Polish partners. If they fail to find an accomodation, the entire firm will... View Details

Keywords: Firm Structure; Career Management; Emerging Market; Succession; Entrepreneurship; Private Equity; Venture Capital; Negotiation; Investment; Restructuring; Transition

Educators

January 2002 (Revised July 2007)
Case

Publishing Group of America (A)

By: Jay O. Light, Michael J. Roberts and Taslim Pirmohamed

A small start-up in the publishing business compares three possible alternatives for its new round of equity financing. View Details

Keywords: Business Startups; Venture Capital; Equity; Financing and Loans; Information Publishing; United States

Educators