Publications

Article

What are the Industries Attracting Private Equity Investments in Latin America?: Evidence from Twenty-five Countries from 2001 to 2008

By: Roberto Charvel

This article shows what are the industries attracting private equity investments in Latin America over time. View Details

Keywords: Private Equity; Venture Capital; Entrepreneurial Finance; Alternative Assets; Emerging Market; Business Ventures; Economics; Finance; Financial Services Industry; Latin America

summer 1992
Article

Capital Choices: Changing the Way America Invests in Industry

By: M. E. Porter

Keywords: Change; Business Ventures; Investment; Decision Choices and Conditions; Capital; United States

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17 Sep 2020
News

The Rock Center for Entrepreneurship Announces 2020 Entrepreneurs-in-Residence, Rock Executive Fellows, and Venture Capital Partners

Article

Syndication Networks and the Spatial Distribution of Venture Capital Investments

By: Olav Sorenson and Toby E. Stuart

Keywords: Media; Networks; Venture Capital; Investment; Media and Broadcasting Industry

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20 Oct 2021
News

The Rock Center for Entrepreneurship Announces 2021 Entrepreneurs-in-Residence, Rock Executive Fellows, and Venture Capital Advisors

13 Sep 2024
News

Harvard Business School Rock Center for Entrepreneurship Announces 2024-2025 Entrepreneurs-in-Residence, Venture Capital Advisors, and Lawyers-in-Residence

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

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

January 2018 (Revised April 2021)
Case

Capital Allocation at HCA

By: W. Carl Kester and Emily R. McComb

In early 2017, HCA Holdings, an investor-owned hospital management company, faced a strategically important capital allocation decision. After the exit of its private equity sponsors in 2016, HCA had to determine how best to allocate its substantial annual free cash... View Details

Keywords: Capital Allocation; Cash Distribution Policy; Dividends; Share Repurchases; Growth Strategy And Execution; Growth Investing; Capital Expenditures; Debt Management; Debt Reduction; Debt Policy; Hospital Management; Investor-owned Hospital Chains; Capital Budgeting; Capital Structure; Cash Flow; Corporate Finance; Decision Choices and Conditions; Health Industry; United States

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

24 Apr 2014
News

A founding father of Silicon Valley venture capital guides entrepreneurs

Throughout his long career as a venture capitalist, Franklin “Pitch” Johnson (MBA 1952) has worked primarily in the biotech industry, earning a reputation as a thoughtful investor, trusted adviser, and generous philanthropist. In 1962,... View Details

16 May 2023
Video

A Conversation with Professor Jeff Bussgang and HBS Alumni on Venture Capital

fall 1997
Article

Venture Capital and the Creation of Public Companies: Do Venture Capitalists Really Bring More than Money?

By: Paul A. Gompers and Josh Lerner

Keywords: Venture Capital; Business Ventures; Money; Public Ownership

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1999
Chapter

Exploration of the Venture Capital Industry: Is Gender An Issue?

By: Myra Hart, C. Brush, P. Greene and P. Saparito

Keywords: Venture Capital; Gender

1988
Chapter

Joint Ventures and Collaborative Arrangements in the Telecommunications Equipment Industry

By: Gary P. Pisano, Michael Russo and David Teece

Keywords: Joint Ventures; Cooperation; Communication Technology; Telecommunications Industry

2024
Working Paper

Catalysts for Climate Solutions: Corporate Responses to Venture Capital Financing of Climate-tech Startups

By: Shirley Lu, George Serafeim and Simon Xu

We study whether incumbent firms increase their product focus on climate solutions in response to venture capital (VC) financing of climate-tech startups. Using large language models to measure a firm's focus on climate solutions, we find that incumbents in similar... View Details

Keywords: Climate Finance; Climate Change; Technological Innovation; Entrepreneurship; Venture Capital; Private Equity; Environmental Sustainability; Business Startups