Publications

Program

Private Equity and Venture Capital

venture capital fields, our foundational investment program, Foundations of Private Equity and Venture Capital, may be more appropriate. The programs are not intended to be taken consecutively and are designed to meet the needs of two... View Details

Keywords: Finance; Finance

September 2024
Teaching Note

Brown Capital Management

By: Luis M. Viceira and Sarah Mehta

Teaching Note for HBS Case No. 222-002. View Details

Sep 2011 - 2011
Interview

Capitalism at Risk

By: Lynn S. Paine and Herman B. Leonard

Keywords: Economic Systems

December 2000 (Revised February 2002)
Case

Pine Street Capital

A technology hedge fund is trying to decide whether and/or how to hedge equity market risk. Its hedging choices are short-selling and options. The fund has just gone through one of the most volatile periods in NASDAQ's history, it is trying to decide whether it should... View Details

Keywords: Risk Management; Investment Funds

March 1994
Background Note

Capitalism or What?

By: George C. Lodge

Find at Harvard

1987
Book

Le Capital Risque

By: Marc L Bertoneche, L. Vickery and P. Gauthier

03 Nov 2020
News

Debating stakeholder capitalism

31 May 2022
HBS Conference

Governing Global Capitalism

January 2022
Technical Note

Introduction to Capital Structure Analytics

By: Samuel Antill and Ted Berk

This technical note provides an overview of key analytical approaches that are useful in assessing the appropriateness of a firm’s capital structure and funding plan. This note introduces basic quantitative tools and metrics that are commonly used as inputs to this... View Details

Keywords: Budgets and Budgeting; Business Plan; Forecasting and Prediction; Borrowing and Debt; Corporate Finance; Capital Structure; Cash Flow; Financial Liquidity; Financial Management; Financing and Loans

Research Summary

Crises and Capital Requirements in Banking

previously entitled: The Role of Capital Adequacy Requirements in Sound Banking Systems

Joint work with Alan Morrison, Saïd Business School, Oxford.

We analyse a... View Details

March 2001 (Revised February 2005)
Case

Venture Capital Vignettes

By: G. Felda Hardymon

Presents three fictionalized but realistic situations in which a venture capitalist may find himself. One situation requires crisis intervention to quell a dispute between a vice president of sales and a CEO; another poses the problem of working out the composition of... View Details

Keywords: Venture Capital; Crisis Management; Governing and Advisory Boards; Management Teams; Executive Compensation; Situation or Environment; Employee Relationship Management; Problems and Challenges; Financial Services Industry

April 1996 (Revised March 1998)
Case

Lex Service PLC-- Cost of Capital

By: W. Carl Kester and Kendall Backstrand

Lex Service company has grown into a large multidivisional company with a substantial capital budget. In 1993, the board was reviewing its capital budgeting procedures. Specifically, it sought to determine the company's cost of capital and whether it should use... View Details

Keywords: Risk and Uncertainty; Cost of Capital; Equity; Capital Budgeting

August 1982 (Revised May 1983)
Background Note

Capital Structure Decision

By: William E. Fruhan Jr.

Keywords: Capital Structure; Decision Making

Find at Harvard

December 2010
Background Note

Risk and Reward in Venture Capital

By: William A. Sahlman

This note describes the payoff structure of investment in individual venture capital–backed companies and in venture capital portfolios. Venture Capital investments are characterized by high failure rate (0ver 50%) and a small number of given successes (greater than... View Details

Keywords: Capital Markets; Venture Capital; Investment Return; Investment Portfolio; Analytics and Data Science; Failure; Performance; Information Technology

30 Nov 2011
Research & Ideas

Only Capitalists Can Save Capitalism

If capitalism was a stock, the market would appear rather bearish on its future. Bank failures, economic crises, and middle-class riots across the globe appear symptomatic of large systemic weaknesses in the market system, highlighted by... View Details

Keywords: by Maggie Starvish

01 Jun 2006
News

A Capital Asset

Capital Management, a $20 billion family of mutual funds, she is also a board member of other for-profit and nonprofit entities. Among them is the Global Heritage Fund, which Cohen chairs, an organization that advises Third World... View Details

Keywords: Garry Emmons; Executive, Legislative, and Other General Government Support; Government

July 2019
Teaching Note

Arlan Hamilton and Backstage Capital

By: Laura Huang

Teaching Note for HBS No. 419-029. Frustrated by an inability to convince existing venture capital firms to invest in companies led by women, people of color, and LGBT founders, Arlan Hamilton started her own firm, Backstage Capital, in 2015. Hamilton understood the... View Details

Keywords: Black Leadership; LGBTQ; People Of Color; Entrepreneurship; Mission and Purpose; Venture Capital; Corporate Social Responsibility and Impact; Identity; Personal Characteristics; Prejudice and Bias; Social Issues; Diversity; Gender; Race