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  • All HBS Web  (8,306)
    • People  (23)
    • News  (1,789)
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  • September 1983 (Revised June 1993)
  • Background Note

Emergence of Managerial Capitalism

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Chandler, Alfred D., Jr. "Emergence of Managerial Capitalism." Harvard Business School Background Note 384-081, September 1983. (Revised June 1993.)
  • July 2025
  • Teaching Note

OpenAI: Idealism Meets Capitalism

By: Shikhar Ghosh and Shweta Bagai
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Ghosh, Shikhar, and Shweta Bagai. "OpenAI: Idealism Meets Capitalism." Harvard Business School Teaching Note 826-080, July 2025.
  • September 2021
  • Teaching Note

Paradigm Capital Value Fund

By: Luis M. Viceira
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Viceira, Luis M. "Paradigm Capital Value Fund." Harvard Business School Teaching Note 222-021, September 2021.
  • August 2020
  • Supplement

Mike McCreless- Root Capital

By: Shawn A. Cole
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Cole, Shawn A. "Mike McCreless- Root Capital." Harvard Business School Multimedia/Video Supplement 221-702, August 2020.
  • June 2018
  • Exercise

Venture Capital Term Sheets

By: Ramana Nanda, William A. Sahlman and Robert White
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Nanda, Ramana, William A. Sahlman, and Robert White. "Venture Capital Term Sheets." Harvard Business School Exercise 818-137, June 2018.
  • August 2017
  • Supplement

GM's Capital Allocation Framework

By: C. Fritz Foley
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Foley, C. Fritz. "GM's Capital Allocation Framework." Harvard Business School Spreadsheet Supplement 218-702, August 2017.
  • September 2012
  • Case

United Capital Partners (A)

By: Paul A. Gompers, J. Daniel Kim and Vladimir Mukharlyamov
This case examines a proposed growth equity investor in a Russian fashion retail chain. View Details
Keywords: Fashion; Growth Equity; Private Equity; Fashion Industry; Financial Services Industry; Retail Industry; Europe; Russia
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Gompers, Paul A., J. Daniel Kim, and Vladimir Mukharlyamov. "United Capital Partners (A)." Harvard Business School Case 213-044, September 2012.
  • 21 Oct 2013
  • News

Built to Last

Keywords: capitalism
  • February 2024 (Revised May 2025)
  • Case

Shore Capital Partners: The Next Ten Years

By: Boris Groysberg and Kerry Herman
Private equity firm Shore Capital Partners is at an inflection point, after 12 years of phenomenal growth and success. Now, as the partners consider options, should Shore remain micro-cap focused, or move into more mid-cap investments? Should Shore hold investments... View Details
Keywords: Organizational Change and Adaptation; Strategy; Financial Services Industry
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Groysberg, Boris, and Kerry Herman. "Shore Capital Partners: The Next Ten Years." Harvard Business School Case 424-036, February 2024. (Revised May 2025.)
  • Web

Faculty - Private Capital Project

Administration in the Finance and Entrepreneurial Management Units. She presently teaches Real Estate Private Equity and Venture Capital and Private Equity. Rory M. McDonald Assistant Professor of Business Administration Rory McDonald is... View Details
  • October 2005
  • Teaching Note

Venture Capital Game (TN)

By: G. Felda Hardymon and Ann Leamon
Keywords: Venture Capital
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Hardymon, G. Felda, and Ann Leamon. "Venture Capital Game (TN)." Harvard Business School Teaching Note 806-022, October 2005.
  • 1999
  • Book

The Venture Capital Cycle

By: P. Gompers and J. Lerner
Keywords: Venture Capital
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Gompers, P., and J. Lerner. The Venture Capital Cycle. Cambridge, MA: MIT Press, 1999. (Beijing: Economic Science Press, 2001 (Chinese edition). Tokyo: Springer-Verlag Tokyo, 2001 (Japanese edition). Seoul: Kukil Securities and Economics Research Institute, 2001 (Korean edition))
  • April 2025
  • Article

Skill Dependencies Uncover Nested Human Capital

By: Moh Hosseinioun, Frank Neffke, Letian Zhang and Hyejin Youn
Modern economies require increasingly diverse and specialized skills, many of which depend on the acquisition of other skills first. Here we analyse US survey data to reveal a nested structure within skill portfolios, where the direction of dependency is inferred... View Details
Keywords: Competency and Skills; Human Capital; Personal Development and Career; Equality and Inequality; Analytics and Data Science
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Hosseinioun, Moh, Frank Neffke, Letian Zhang, and Hyejin Youn. "Skill Dependencies Uncover Nested Human Capital." Nature Human Behaviour 9, no. 4 (April 2025): 673–687.
  • December 2022 (Revised August 2023)
  • Case

Ribbit Capital and the Gauntlet Investment Opportunity

By: Shai Bernstein and Allison M. Ciechanover
Ten-year-old, Palo Alto-based Ribbit Capital is best-known for its global investments in fintech. The firm was also an early advocate of crypto and blockchain, having invested in more than two dozen startups in the space in the past decade. In the Spring of 2022,... View Details
Keywords: Alternative Assets; Cryptocurrency; Business Startups; Investment Portfolio; Decision Choices and Conditions; Negotiation Deal; Governing Rules, Regulations, and Reforms; Venture Capital; Financial Services Industry; California
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Bernstein, Shai, and Allison M. Ciechanover. "Ribbit Capital and the Gauntlet Investment Opportunity." Harvard Business School Case 823-038, December 2022. (Revised August 2023.)
  • winter 2000
  • Article

Assessing the Impact of Venture Capital to Innovation

By: Samuel Kortum and Josh Lerner
We examine the influence of venture capital on patented inventions in the United States across twenty industries over three decades. We address concerns about causality in several ways, including exploiting a 1979 policy shift that spurred venture capital fundraising.... View Details
Keywords: Venture Capital; Innovation and Invention
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Kortum, Samuel, and Josh Lerner. "Assessing the Impact of Venture Capital to Innovation." RAND Journal of Economics 31, no. 4 (winter 2000): 674–692. (Supplemental appendix.)
  • Article

The EU's Unsustainable Approach to Stakeholder Capitalism

By: Jesse M. Fried and Charles C.Y. Wang
A recent report by the EU claims that investor-driven short-termism is encouraging firms to return cash rather than invest it, which reduces capital available for investment in growth. The authors show that the data behind the report do not support its claims and... View Details
Keywords: Short-termism; Sustainability; Capital; Investment; Decision Making; Business and Stakeholder Relations; European Union
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Fried, Jesse M., and Charles C.Y. Wang. "The EU's Unsustainable Approach to Stakeholder Capitalism." Harvard Business Review Digital Articles (January 29, 2021).
  • Article

Specialization and Success: Evidence from Venture Capital

By: Paul A. Gompers, Anna Kovner and Josh Lerner
This paper examines how organizational structure affects behavior and outcomes, studying the performance of different types of venture capital organizations. We find a strong positive relationship between the degree of specialization by individual venture capitalists... View Details
Keywords: Experience and Expertise; Venture Capital; Organizational Structure; Outcome or Result; Performance Effectiveness; Behavior; Financial Services Industry
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Gompers, Paul A., Anna Kovner, and Josh Lerner. "Specialization and Success: Evidence from Venture Capital." Journal of Economics & Management Strategy 18, no. 3 (Fall 2009): 817–844.
  • 16 Nov 2020
  • News

Does Capitalism Need To Be Reimagined?

  • 06 Nov 2000
  • Research & Ideas

The Determinants of Corporate Venture Capital Success

Corporate-sponsored venture funds first appeared in the 1960s, about two decades after the first flowering of the venture capital industry. Ever since, they have mirrored the cyclic nature of the industry as a whole. But there are... View Details
Keywords: by Paul Gompers & Josh Lerner

    Bank Capital and the Low Risk Anomaly

    Minimum capital requirements are a central tool of banking regulation. Setting them balances a number of factors, including any effects on the cost of capital and in turn the rates available to borrowers. Standard theory predicts that, in perfect and efficient... View Details
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