Publications

02 Aug 2011
News

Not Your Typical Venture Capitalist

Keywords: Funds, Trusts, and Other Financial Vehicles; Finance

Web

Launching Tech Ventures | HBS Online

startup ecosystem to improve your chances of raising capital Get an insider view into the venture capital (VC) process Develop an awareness of the systemic biases and ethical... View Details

Article

Early Stage Investing in Mexico: The Role of Angel Investors and Seed Capital Funds

By: Roberto Charvel

This articles does a review of newly formed seed capital structures, angel investors and their interaction with venture capital funds in Mexico. View Details

Keywords: Entrepreneurial Finance; Emerging Economies; Venture Capital; Entrepreneurship; Financial Services Industry; Latin America; Mexico

July 2020
Case

CSL Capital Management: Patriot Proppants (A)

By: Victoria Ivashina and Yury Kapko

This two-part case series follows CSL Capital’s 2009 investment in the greenfield manufacturing company, Patriot Proppants. CSL, a recently established investment firm, employs a unique investment model, funding new ("green field") energy service businesses that serve... View Details

Keywords: Investment; Renewable Energy; Business Model; Decision Making

Educators

Web

Eligibility | New Venture Competition

(HSPH) Innovative Problem Solving & Design Thinking in Healthcare (HSPH) Launching Tech Ventures (HBS) Leadership, Entrepreneurship, and Learning (HGSE) Managing the Future of Work (HBS) Power and Influence for Positive Impact (HBS/HKS)... View Details

Summer 2020
Article

Venture Capital's Role in Financing Innovation: What We Know and How Much We Still Need to Learn

By: Josh Lerner and Ramana Nanda

Venture capital is associated with some of the most high-growth and influential firms in the world. Academics and practitioners have effectively articulated the strengths of the venture model. At the same time, venture capital financing also has real limitations in its... View Details

Keywords: Innovation; Financing; Venture Capital; Financing and Loans; Technological Innovation

Read Now

Web

4.2 Student/Faculty Ventures | MBA

entities include all for-profit and nonprofit businesses and social enterprises, as well as venture capital funds, private equity funds, hedge funds, search funds, and other investment vehicles. A faculty... View Details

February 2017 (Revised January 2019)
Module Note

The Entrepreneurial Manager, Module 2 Part 1: Resourcing the Business Model – Financing

By: Paul Gompers

Keywords: Entrepreneurship; Financing; Venture Capital; Debt Lending

20 May 2010
News

Venture Financing and Entrepreneurial Success

Keywords: Prof. William Kerr; Colleges, Universities, and Professional Schools; Educational Services

14 Sep 2023
Blog Post

MBAs Accelerate Their Social Enterprise Ventures

pivot into venture capital and impact investing to ensure that communities like mine – Black, queer, and disabled – have access to capital to build products and services that... View Details

February 2020 (Revised March 2020)
Case

Prime Coalition: Catalytic Capital for Climate Innovation

By: Ramana Nanda, Benjamin N. Roth and Olivia Hull

With long development timelines and high risk, new energy technologies were often left to languish in the “valley of death,” unable to raise enough funds to bring a product to market. In 2014, Sarah Kearney founded the nonprofit Prime Coalition to solve this problem.... View Details

Keywords: Energy Conservation; Renewable Energy; Social Entrepreneurship; Venture Capital; Investment; Innovation and Invention; Technological Innovation; Mission and Purpose; Science-Based Business; Nonprofit Organizations; Social Enterprise; Energy Industry; Technology Industry; Green Technology Industry; United States

Educators

2019
Chapter

Interorganizational Collaboration and Start-Up Innovation

By: Vikas A. Aggarwal and Andy Wu

This chapter presents an overview of the literature on collaborative relationships between start-ups and incumbent firms, focusing on the implications of these relationships for start-up innovation and performance. Value creation in such relationships occurs when... View Details

Keywords: Alliance; Corporate Venture Capital; Complementary Assets; Appropriability; Business Startups; Joint Ventures; Knowledge; Innovation and Invention; Value Creation; Entrepreneurship

Read Now

2009
Working Paper

Capitalizing On Innovation: The Case of Japan

By: Robert Dujarric and Andrei Hagiu

Japan's industrial landscape is characterized by hierarchical forms of industry organization, which are increasingly inadequate in modern sectors, where innovation relies on platforms and horizontal ecosystems of firms producing complementary products. Using three... View Details

Keywords: Globalized Markets and Industries; Government Legislation; Innovation and Invention; Industry Structures; Horizontal Integration; Vertical Integration; Manufacturing Industry; Japan

Read Now

August 2000 (Revised July 2002)
Background Note

Fundamental Enterprise Valuation: Return on Invested Capital (ROIC)

By: Carliss Y. Baldwin

A technical note that defines return on invested capital (ROIC). View Details

Keywords: Valuation; Business Ventures; Capital

Educators

January 2006 (Revised August 2008)
Case

Vivaldi Food Concepts--The Start-up of an Asian Venture (A)

Joel Silverstein needs to raise an additional $1.5 million from private investors to round out the equity financing for his new Quick Service Restaurant venture in China, Korea, and Japan. How should he pitch the opportunity? What should be the terms? View Details

Keywords: Venture Capital; Private Equity; Business Startups; Retail Industry; Food and Beverage Industry; Japan; China; South Korea

04 Feb 2020
News

Why Backstage Capital Invests in “Underestimated” Entrepreneurs

Article

Capital Allocation in Financial Firms

By: André Perold

Keywords: Resource Allocation; Capital; Finance; Business Ventures