Publications

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

January 2025
Case

Arsenal Capital Partners' Refinancing of Pinnacle

By: Victoria Ivashina and Srimayi Mylavarapu

Arsenal Capital Partners’ portfolio company, Pinnacle, a leading producer of high-performance adhesive technologies, has experienced rapid growth under Arsenal’s ownership. Over just two years, Pinnacle's EBITDA increased from $13.5 million to $60 million. By mid-2021,... View Details

Keywords: Business Exit or Shutdown; Decision Choices and Conditions; Private Equity; Financing and Loans; Growth Management

18 Oct 2010
Lessons from the Classroom

Venture Capital’s Disconnect with Clean Tech

MBA students often fall into one of two categories—those hungry to rush into careers as venture capitalists, and those eager to found a venture-funded start-up. For all of them, Harvard Business School professor Joseph Lassiter has some intriguing advice: Spend a few... View Details

Keywords: by Carmen Nobel; Energy; Utilities; Financial Services

27 Oct 2020
Blog Post

Creating the Minority Renaissance for Venture Capital: Interview with Henri Pierre-Jacques and Jarrid Tingle, Managing Partners at Harlem Capital

minorities are able to get on and stay on the path to senior leadership, Tingle and Pierre-Jacques connected with friends who shared their passion for investing. Their group of six, including co-founder and current Harlem Capital View Details

14 Oct 2020
Blog Post

Creating the Minority Renaissance for Venture Capital: Interview with Henri Pierre-Jacques and Jarrid Tingle, Managing Partners at Harlem Capital

minorities are able to get on and stay on the path to senior leadership, Tingle and Pierre-Jacques connected with friends who shared their passion for investing. Their group of six, including co-founder and current Harlem Capital View Details

01 Apr 2001
News

New Ventures New Gains

(both MBA 1996) proposed the contest as a project for Professor Josh Lerner’s Venture Capital and Private Equity elective. “We looked at it as not just a theoretical paper for class but a sustainable plan,”... View Details

Keywords: Julia Hanna and Susan Young; Martin Dubilier (MBA 1952); Business Schools & Computer & Management Training; Educational Services

17 Dec 2001
Research & Ideas

Venture Capital: Hot Markets and Current Industry Trends

Principal, Seed Capital Partners, said up to 80 percent of his firm's time is spent working with companies, doing whatever needs to be done, including basic blocking and tackling, recruiting and hiring, and developing a product road map.... View Details

Keywords: by Julia Hanna

Web

Judging | New Venture Competition

political) are favorable. Market need, size of opportunity, competitive landscape, and potential risks are identified and manageable. Resources The funding plan is sensible in terms of capital required to... View Details

December 1999 (Revised April 2004)
Case

Capital Alliance Private Equity: Creating a Private Equity Leader in Nigeria

Describes the creation of the first private equity fund in Nigeria and the fund's potential first investment in GS Telecom, a Nigerian telecommunication service company. The fund's managers are keenly aware that a bad first investment could create a vicious circle for... View Details

Keywords: Venture Capital; Entrepreneurship; Telecommunications Industry; Nigeria

22 Feb 2000
Research & Ideas

Social Capital Markets: Creating Value in the Nonprofit World

challenges: selecting the mostworthy recipients of funding, relying on young organizations to implementideas, and being accountable to the third party whose funds they areinvesting. They identify relevant venture View Details

Keywords: by Anne Kavanagh

Web

Launching Tech Ventures | HBS Online

Scaling Responding to Biased Questions Advice on VC Fundraising Show Hide Details Concepts The Venture Capital Industry The Financing Process Term View Details

07 May 2007
Research & Ideas

Rediscovering Schumpeter: The Power of Capitalism

smart people of that time believed that technology had reached its limits and capitalism had passed its peak. Schumpeter believed the exact opposite, and of course he was right. Q: Schumpeter introduced the View Details

Keywords: by Sean Silverthorne; Education

Web

Launching Tech Ventures - Course Catalog

More broadly, why does the startup ecosystem contain so many market failures that lead to biases and inequities – particularly in terms of access to capital for female entrepreneurs and entrepreneurs of... View Details

01 Jun 2000
News

Social Capital Markets: Creating Value in the Nonprofit World

For years, money given to nonprofits has been thought of as charity, says Jed Emerson, the School's Bloomberg Senior Research Fellow in Philanthropy. But a new perspective is emerging: These dollars, while charitable, are still capital... View Details

Keywords: Anne Kavanagh

Web

Field Course: Life Sciences Venture Creation - Course Catalog

careers within the life sciences Building a brand and community within the industry to leverage for help Building budgets; licensing/creating intellectual property; legal and regulatory considerations Fundraising with angel individuals and View Details

28 Oct 2021
News

Capital Considerations for Black Entrepreneurs; Pivoting for Gender Equity

failure in the startup and tech ecosystems. I think the HBS community is particularly well-suited to be a problem-solver here. We have so many leaders in VC, startups, and entrepreneurship. Our alumni network literally runs the largest View Details

Keywords: Margie Kelley

May 2013 (Revised June 2014)
Case

Getit

By: Ramana Nanda and Rachna Tahilyani

Sidharth Gupta, CEO of Getit Infomediary Ltd, had just received a term sheet from Helion Venture Partners (Helion), one of India's independent venture capital firms, offering to invest Rs 200 million in return for an equity stake in the company. His dream of... View Details

Keywords: Publishing; Media And Publishing; Entrepreneurial Finance; Venture Capital; Media; Entrepreneurship; India

March 2024
Supplement

ELCA's Series A Cap Table Exercise (Instructor Version)

By: Raymond Kluender and Anke Becker

In ELCA, the company must decide between two term sheets: one put forth by STV and one put forth by ESV.

This exercise is an analysis of the implications of these two term sheets on the ownership structure and the payouts of common and preferred... View Details

Keywords: Analysis; Venture Capital; Investment; Ownership Stake