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  • 17 May 2012
  • Working Paper Summaries

Is a VC Partnership Greater Than the Sum of Its Partners?

Keywords: by Michael Ewens & Matthew Rhodes-Kropf; Financial Services
  • October 2012
  • Supplement

Winfield Refuse Management, Inc.: Raising Debt vs. Equity, Spreadsheet for Students (Brief Case) (CW)

By: W. Carl Kester and Sunru Yong
Keywords: United States; Acquisitions; Equity Capital; Debt Management; Financial Analysis; Administrative/Support/Waste Management/Remediation Services; Expansion; Capital Structure; Leveraged Buyouts; Borrowing and Debt; Equity; United States
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Kester, W. Carl, and Sunru Yong. "Winfield Refuse Management, Inc.: Raising Debt vs. Equity, Spreadsheet for Students (Brief Case) (CW)." Harvard Business School Spreadsheet Supplement 913-532, October 2012.
  • November 2005
  • Background Note

Deal Structure and Deal Terms

By: Michael J. Roberts and Howard H. Stevenson
Describes the general principles of crafting financial deals around the provision of capital to entrepreneurial ventures. Discusses in more detail some of the specific aspects of venture capital term sheets. View Details
Keywords: Entrepreneurship; Venture Capital; Governance Compliance; Negotiation Deal
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Roberts, Michael J., and Howard H. Stevenson. "Deal Structure and Deal Terms." Harvard Business School Background Note 806-085, November 2005.
  • September 1998 (Revised May 2011)
  • Background Note

Note on Private Equity Information Sources

By: Josh Lerner and Ann Leamon
Provides an overview of key information sources about venture capital and private equity. View Details
Keywords: Venture Capital; Private Equity; Investment; Knowledge Acquisition
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Lerner, Josh, and Ann Leamon. "Note on Private Equity Information Sources." Harvard Business School Background Note 299-018, September 1998. (Revised May 2011.)
  • December 2004 (Revised March 2007)
  • Case

Cutlass Capital, L.P.

By: Richard G. Hamermesh and Brian DeLacey
David Hetz and Jon Osgood are forming a new venture capital fund in 2001 to invest in health care start-ups. Describes their fundraising activities at a time when venture capital investing has reached an all-time high. Although their background skills and experiences... View Details
Keywords: Venture Capital; Negotiation Process; Entrepreneurship; Investment Funds; Health Care and Treatment; Business Startups; Health Industry; United States
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Hamermesh, Richard G., and Brian DeLacey. "Cutlass Capital, L.P." Harvard Business School Case 805-075, December 2004. (Revised March 2007.)
  • March 2021
  • Case

CashDrop (A)

By: Rembrand Koning, Paul A. Gompers and Sarah Gulick
In July 2020, Ruben Flores-Martinez had launched a startup, CashDrop, which provided easy and cheap sales options for small businesses. The COVID-19 pandemic helped CashDrop quickly grow. Flores-Martinez, who had previously sought and been denied venture capital... View Details
Keywords: Payment Systems; Small Business; Entrepreneurship; Business Startups; Venture Capital; Online Technology; Technology Industry; Financial Services Industry; Chicago; Illinois
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Koning, Rembrand, Paul A. Gompers, and Sarah Gulick. "CashDrop (A)." Harvard Business School Case 221-051, March 2021.
  • 21 Feb 2005
  • Research & Ideas

The VC Quandary: Too Much Money

It might be hard for the ordinary business owner or consumer to imagine having "too much" money. But that's exactly where the venture capital industry finds itself: with too much money available... View Details
Keywords: by Julie Jette; Financial Services
  • 17 Aug 2010
  • News

HBS professor nabs lifetime achievement award from NVCA

  • 05 Feb 2013
  • News

The Social Sector Needs to Take More Risk and Accept Failure

  • 2013
  • Working Paper

Is a VC Partnership Greater Than the Sum of Its Partners?

By: Michael Ewens and Matthew Rhodes-Kropf
This paper investigates whether individual venture capitalists have repeatable investment skill and to what extent their skill is impacted by the VC firm where they work. We examine a unique dataset that tracks the performance of individual venture capitalists'... View Details
Keywords: Investing; Persistence; Performance Persistence; Theory Of The Firm; Venture Capital; Organizations; Human Capital; Performance Evaluation
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Ewens, Michael, and Matthew Rhodes-Kropf. "Is a VC Partnership Greater Than the Sum of Its Partners?" Harvard Business School Working Paper, No. 12-097, April 2012. (Revised January 2013, June 2013. Revise and Resubmit Journal of Finance. NBER Working Paper Series, No. 19120, June 2013)
  • April 2011
  • Case

The Sandbox: Creating a Bottom-Up Entrepreneurial Ecosystem

By: Shikhar Ghosh, Lynda M. Applegate, Rhea Ghosh and Amar Kumar
Discussion of new model of Social Enterprise that applies the venture capital model to social enterprise. View Details
Keywords: Social Entrepreneurship; Non-Governmental Organizations; Venture Capital; Business Model
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Ghosh, Shikhar, Lynda M. Applegate, Rhea Ghosh, and Amar Kumar. "The Sandbox: Creating a Bottom-Up Entrepreneurial Ecosystem." Harvard Business School Case 811-053, April 2011.
  • October 2005
  • Case

Portfolio & Partnership

By: G. Felda Hardymon and Ann Leamon
Explores issues around the portfolio management and partnership behavior in a venture capital setting. View Details
Keywords: Investment Portfolio; Private Equity; Venture Capital; Partners and Partnerships; Financial Strategy
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Hardymon, G. Felda, and Ann Leamon. "Portfolio & Partnership." Harvard Business School Case 806-036, October 2005.
  • March 2014
  • Background Note

VCPE Simulation User's Guide

By: Matthew Rhodes-Kropf and Nathaniel Burbank
This user guide is intended for HBS students and ExEd participants who are using the Private Equity and Venture Capital Simulation. View Details
Keywords: Venture Capital; Private Equity
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Rhodes-Kropf, Matthew, and Nathaniel Burbank. "VCPE Simulation User's Guide." Harvard Business School Background Note 814-091, March 2014.
  • 09 Apr 2008
  • Research & Ideas

The Matchmaker of the Modern Economy

A legendary professor at Harvard Business School for 40 years, Georges Doriot was a pivotal player in the founding of the modern venture capital industry. As Spencer E. Ante's new book notes, View Details
Keywords: by Spencer E. Ante
  • 25 Aug 2022
  • Research & Ideas

It’s All in a Name: Reputable Investors Help Startups Shine

Do top venture capital firms add value to startups simply by attaching their names? If attracting talent is any measure, they sure do. New research finds that job seekers are two-thirds more likely to apply... View Details
Keywords: by Rachel Layne
  • Career Coach

Joe Blair

Joe Blair is Co-Founder & General Partner at Bay Bridge Ventures, a venture capital firm investing in early-stage climate technology startups. Joe has spent the last 15 years of his career building and... View Details

    Paul A. Gompers

    Paul Gompers, Professor of Business Administration at the Harvard Business School, specializes in research on financial issues related to start-up, high growth, and newly public companies. Professor Gompers has an appointment in both the View Details
    Keywords: venture capital industry; venture capital industry; venture capital industry; venture capital industry; venture capital industry; venture capital industry; venture capital industry; venture capital industry
    • February 2001 (Revised June 2001)
    • Case

    eSurg (A): Negotiating the Start-Up

    By: Jay O. Light and Anthony Massaro
    The founders of an online medical supplies firm must negotiate with an established hospital distributor and a venture capital firm. View Details
    Keywords: Venture Capital; Negotiation; Internet and the Web; Financing and Loans; Business Startups; Medical Devices and Supplies Industry
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    Light, Jay O., and Anthony Massaro. "eSurg (A): Negotiating the Start-Up." Harvard Business School Case 201-050, February 2001. (Revised June 2001.)
    • November 2006
    • Case

    Brontes Technologies -- 2005

    By: William A. Sahlman and Caroline Perkins
    Describes a set of decisions confronting the founders of a company developing a new device for taking three-dimensional pictures of teeth in order to improve dental outcomes. The company needs more money and must choose between raising new equity capital from a venture... View Details
    Keywords: Borrowing and Debt; Business Startups; Medical Devices and Supplies Industry
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    Sahlman, William A., and Caroline Perkins. "Brontes Technologies -- 2005." Harvard Business School Case 807-101, November 2006.
    • September 2016 (Revised April 2018)
    • Case

    Western Technology Investment

    By: Ramana Nanda, William A. Sahlman and Nicole Keller
    Based in Portola Valley, California, Western Technology Investment (WTI) specialized in a hybrid form of debt and equity financing for early-stage companies. Like traditional venture capital and private equity firms, WTI raised funds from institutional investors and... View Details
    Keywords: Entrepreneurial Finance; Equity; Finance; Venture Capital; Entrepreneurship; Financing and Loans; California
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    Nanda, Ramana, William A. Sahlman, and Nicole Keller. "Western Technology Investment." Harvard Business School Case 817-019, September 2016. (Revised April 2018.)
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