Publications

2017
Chapter

Gapponshugi in Global Perspective: Debating the Responsibility of Capitalism

By: Geoffrey Jones

This chapter places the concepts of ethical capitalism developed by the 19th century Japanese venture capitalist Shibusawa Eiichi in a global historical perspective. The chapter reviews the similarities and differences over time and between countries of proponents of... View Details

Keywords: Corporate Responsibility; Business Ethics; Ethics; Business and Stakeholder Relations; Business History; Corporate Social Responsibility and Impact

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01 Mar 2017
News

Ask the Expert: Capital Architect

strategic execution, and beneficial stakeholder participation. Successfully replacing the oil resource curse requires several factors, including unwavering political will, market and trade focus, and access to finance—all complemented by technical assistance and... View Details

December 2019
Teaching Note

Hony Capital and Jushi Group

By: Josh Lerner, Shai Bernstein and Ann Leamon

Teaching Note for HBS No. 820-040. View Details

Keywords: Real Estate; Investing; Manufacturing; Private Equity; Asset Management; Investment; Factories, Labs, and Plants; Finance; China; United States

September 2017 (Revised March 2018)
Case

Chai Point: Disrupting Chai

By: Shikhar Ghosh, Ramana Nanda and Rachna Tahilyani

Chai Point is India’s largest organized chai retailer. It has missed its target for retail store openings by approximately 25%, goals that are very important to its investors who are also board members. However, it has developed an exciting new internet-based tea... View Details

Web

Scaling Technology Ventures - Course Catalog

HBS Course Catalog Scaling Technology Ventures Course Number 1788 Senior Lecturer Jeffrey Rayport Spring; Q3Q4; 3.0 credits 27 Sessions Exam or Project Career Focus Scaling Technology Ventures (STV) is... View Details

September 2024
Article

Networking Frictions in Venture Capital, and the Gender Gap in Entrepreneurship

By: Sabrina T. Howell and Ramana Nanda

We find that male participants in Harvard Business School’s New Venture Competition who were randomly exposed to more VC investors on their panel were substantially more likely to start a VC-backed startup post-graduation, indicating that access to investors impacts... View Details

Keywords: Networks; Information Frictions; Venture Capital; Gender; Business Startups; Entrepreneurship

September 1998 (Revised August 1999)
Case

Walnut Venture Associates (B): RBS Due Diligence--Customers

Supplements the (A) case. View Details

Keywords: Venture Capital; Business Plan; Research; Entrepreneurship; Applications and Software; Business Startups; Information Technology Industry

February 2019 (Revised January 2021)
Case

Quiksilver Inc. and Oaktree Capital Management

By: Kristin Mugford and Mike Harmon

Sports lifestyle company Quiksilver filed for bankruptcy in September 2015. Oaktree is considering an additional investment in the company to facilitate the restructuring. Students must consider whether Oaktree should invest given the risks of the turnaround... View Details

Keywords: Bankruptcy; Bankruptcy Reorganization; Insolvency and Bankruptcy; Acquisition; Restructuring; Debt Securities; Transformation; Decision Making; Borrowing and Debt; Investment Return; Crisis Management; Negotiation; Retail Industry; Apparel and Accessories Industry; Consumer Products Industry; France; United States

September 1998 (Revised November 1998)
Case

Walnut Venture Associates (D): RBS Deal Terms

Supplements the (A) case. View Details

Keywords: Venture Capital; Business Plan; Research; Software; Entrepreneurship; Business Startups; Information Technology Industry

August 2021
Teaching Note

Yale University Investments Office: November 2020

By: Josh Lerner

Teaching Note for HBS Case No. 821-074. View Details

Keywords: Venture Capital; Private Equity; University Endowment; Asset Allocation; Connecticut

25 Feb 2015
News

How Singapore Became an Entrepreneurial Hub

Keywords: venture capital; Internet; government regulations; entrepreneurship; investment; innovation

Web

Frequently Asked Questions | New Venture Competition

limitations on the amount of seed capital raised or revenue generated? If I compete/am a winner in the New Venture Competition, can I also participate in other Rock Programs and Harvard Competitions? Alumni... View Details

January 2025
Case

AI Meets VC: The Data-Driven Revolution at Quantum Light Capital

By: Lauren Cohen, Grace Headinger and Sophia Pan

Ilya Kondrashov, CEO of Quantum Light Capital, was driven to harness AI for identifying high-potential scale-ups. Collaborating with Nik Storonsky, founder of Revolut, the duo observed that most venture capital (VC) decisions were heavily influenced by emotion, with... View Details

12 Apr 2023
News

Step Change

making something from nothing had long been part of the cultural mindset. Today's startup scene in Egypt is hopping. Venture capital funding reached $491 million in 2021, with a compounded annual growth rate... View Details

Keywords: Julia Hanna; entrepreneurship; women; venture capital; Egypt; developing economies; Finance

April 2019
Technical Note

A Note on Boards in VC-Backed Ventures

By: Shikhar Ghosh, Ramana Nanda, Suraj Srinivasan and Terrence Shu

What is the value of a Board, and why does a company need one? The note documents the formal role of a Board of Directors as going beyond simply acting as legal representation of corporate ownership. Moreover, this role changes as the company moves through different... View Details

Keywords: Founders; Business Startup; Board; Board Of Directors; Business Startups; Governing and Advisory Boards; Venture Capital; Entrepreneurship

September 1998 (Revised July 1999)
Case

Spyder Active Sports, Inc. and CHB Capital Partners (A)

By: John A. Davis, Louis B. Barnes and Peter K. Botticelli

After establishing a small but profitable skiwear business, an entrepreneur decides to sell a minority stake in the firm to outside investors. His goal is to acquire the capital needed to grow the business, even though this will entail a substantial transformation of... View Details

Keywords: Organizational Change and Adaptation; Private Equity; Family Business; Business Growth and Maturation; Entrepreneurship; Apparel and Accessories Industry; Sports Industry

December 2009
Article

Empire-Building or Bridge-Building? Evidence from New CEOs' Internal Capital Allocation Decisions

By: Yuhai Xuan

This article investigates how the job histories of CEOs influence their capital allocation decisions when they preside over multi-divisional firms. I find that, after CEO turnover, divisions not previously affiliated with the new CEO receive significantly more capital... View Details

Keywords: Business Divisions; Decision Choices and Conditions; Capital Budgeting; Financial Management; Managerial Roles; Resource Allocation