Publications

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01 Sep 2008
News

HBS Opens Shanghai Office with Harvard China Fund

Harvard University has opened a new office in Shanghai that will serve both HBS and the Harvard China Fund (HCF). The HCF was launched in 2006 as a University-wide “academic venture fund” to enhance... View Details

Keywords: Educational Support Services; Educational Services

October 2021
Article

And the Children Shall Lead: Gender Diversity and Performance in Venture Capital

By: Paul A. Gompers and Sophie Calder-Wang

With an overall lack of gender and ethnic diversity in the innovation sector documented in Gompers and Wang (2017), we ask the natural next question: Does increased diversity lead to better firm performances? In this paper, we attempt to answer this question using a... View Details

Keywords: Venture Capital; Diversity; Gender; Performance Improvement; Capital Markets

SSRN

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13 Aug 2018
Blog Post

Following My Dream: Launching a Venture

smoodi during my second year at HBS. During fall, our goal will be to raise funds and build a first machine prototype allowing for further testing. Several companies have already signed up for our beta-test. Having the best learning... View Details

Keywords: Entrepreneurship

October 2005 (Revised December 2006)
Background Note

Funding New Ventures: Valuation, Financing, and Capitalization Tables

Explains the concept of implied valuation--i.e., the valuation that can be inferred from a financing event--and how such valuations and financings are represented in a "cap" or capitalization table for a new venture. View Details

Keywords: Entrepreneurship; Valuation; Venture Capital; Financing and Loans

17 Jan 2013
News

Social Impact Investing Will Be the New Venture Capital

08 Feb 2022
Blog Post

Get to Know Past New Venture Competition Winners: Everly Health

With the New Venture Competition (NVC) Finale right around the corner and in celebration of the competition’s 25 years at Harvard Business School, we caught up with some of the past participants across the three tracks (Alumni, Student... View Details

21 Feb 2024
Blog Post

Hiring at HBS: How Summer Interns Make an Impact at Bridges Fund Management

Fund Management, HBS students are motivated to propel the success of those businesses. Meet Bridges Fund Management Founded in 2002, Bridges, the UK-based impact investing fund, is committed to building a... View Details

Keywords: Venture Capital / Private Equity

2012
Article

Mutual Fund Trading Pressure: Firm-Level Stock Price Impact and Timing of SEOs

By: Mozaffar N. Khan, Leonid Kogan and George Serafeim

In tests of the equity market timing theory of external finance, the prior literature has used overvaluation identifiers such as high market-to-book and high prior returns that are likely correlated with other determinants of SEOs. We use price pressure resulting from... View Details

Keywords: Equity; Market Transactions; Valuation; Capital Structure; Market Timing; Mathematical Methods; Acquisition

25 Apr 2014
News

Bringing a new funding model to the life sciences industry

Andrew Farquharson (MBA 1999) wants to change the landscape for biomedical financing. The cofounder of VentureHealth, an online funding platform based in Silicon Valley, Farquharson leverages deals with investors who want access to... View Details

2003
Chapter

Short-Term America Revisited? Boom and Bust in the Venture Capital Industry and the Impact on Innovation

By: Josh Lerner and Paul A. Gompers

This chapter seeks to understand the implications of the recent decline in venture activity for innovation. It argues that the situation may not be as grim as it initially appears. While there are many reasons for believing that on average venture capital has a... View Details

Keywords: Venture Capital; Innovation and Invention; Business Cycles; Financial Services Industry; United States

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June 2014 (Revised February 2017)
Case

Kathy Giusti and the Multiple Myeloma Research Foundation

By: Richard G. Hamermesh, Joshua D. Margolis and Matthew G. Preble

What do you do when your rising professional career is cut short by an unexpected cancer diagnosis? Kathy Giusti shifted careers, built a new organization that transformed how cancer research is done, and now faces the challenge of sustaining the organization and its... View Details

April 2018
Article

We Ask Men to Win & Women Not to Lose: Closing the Gender Gap in Startup Funding

By: Dana Kanze, Laura Huang, Mark Conley and E. Tory Higgins

Male entrepreneurs are known to raise higher levels of funding than their female counterparts, but the underlying mechanism for this funding disparity remains contested. Drawing upon Regulatory Focus Theory, we propose that the gap originates with a gender bias in the... View Details

Keywords: Business Startups; Finance; Gender; Prejudice and Bias

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06 Feb 2019
Blog Post

7 Tips for a Successful Technology Venture Immersion

at high-growth companies. The Technology Venture Immersion (TVI) course is co-taught by SEAS and HBS faculty and modeled after HBS’s Startup Bootcamp program, where students are asked to “learn by doing.” During the two-week intensive... View Details

October 2018
Case

Fairview Capital

By: Steven Rogers and Derrick Collins

JoAnn Price and Dr. Larry Morse were the first African-Americans to launch a fund of funds in the private equity industry. Their fund, Fairview capital, was created in response to the dearth of capital invested in private equity funds managed by black and other... View Details

Keywords: Alternative Assets; Fund Of Funds; Private Equity; Venture Capital; Decision Making; Strategy; United States

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 provides candidates with excellent... View Details

Keywords: Venture Capital; Venture Capital

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