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  • All HBS Web  (8,829)
    • People  (23)
    • News  (1,088)
    • Research  (6,679)
    • Events  (20)
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  • Article

The Venture Capital Revolution

By: Paul A. Gompers and J. Lerner
Keywords: Venture Capital
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Gompers, Paul A., and J. Lerner. "The Venture Capital Revolution." Journal of Economic Perspectives 15, no. 2 (Spring 2001): 145–168.
  • August 2001
  • Case

Chrysalis Capital: Venture Capital in an Emerging Market

Examines the founding and early development of an Indian venture capital firm. Focuses on the opportunity in the Indian high-technology sector, how the founders have adapted the U.S. venture capital model to an emerging market context, and the organizational challenges... View Details
Keywords: Venture Capital; Emerging Markets; Technology Industry; India
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Kennedy, Robert E. "Chrysalis Capital: Venture Capital in an Emerging Market." Harvard Business School Case 702-005, August 2001.
  • 16 May 2020
  • Interview

Agile in Venture Capital

By: Euvin Naidoo
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Naidoo, Euvin. "Agile in Venture Capital." COVIDeo Series, The Buzz, May 16, 2020.
  • 2003
  • Chapter

Short-Term America Revisited? Boom and Bust in the Venture Capital Industry and the Impact on Innovation

By: Josh Lerner and Paul A. Gompers
This chapter seeks to understand the implications of the recent decline in venture activity for innovation. It argues that the situation may not be as grim as it initially appears. While there are many reasons for believing that on average venture capital has a... View Details
Keywords: Venture Capital; Innovation and Invention; Business Cycles; Financial Services Industry; United States
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Lerner, Josh, and Paul A. Gompers. "Short-Term America Revisited? Boom and Bust in the Venture Capital Industry and the Impact on Innovation." In Innovation Policy and the Economy, Volume 3, edited by Adam B. Jaffe, Josh Lerner, and Scott Stern, 1–28. MIT Press, 2003.
  • Fall 2015
  • Article

Doing Well by Doing Good? Community Development Venture Capital

By: Josh Lerner and Anna Kovner
This paper examines the investments and performance of community development venture capital (CDVC). We find substantial differences between CDVC and traditional venture capital (VC) investments: CDVC investments are far more likely to be in nonmetropolitan regions and... View Details
Keywords: Social Enterprise; Venture Capital
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Lerner, Josh, and Anna Kovner. "Doing Well by Doing Good? Community Development Venture Capital." Journal of Economics & Management Strategy 24, no. 3 (Fall 2015): 643–663.
  • 14 Jun 2022

Industry Spotlight: How HBS Helped Me with A Career in Venture Capital

Wonder what an MBA could do to help with your professional growth? Learn from Professor Jeff Bussgang and alumni how HBS helps prepare you for a career in Venture Capital. Our alumni panel will feature Joe Blair, Raviraj Jain, Britt... View Details
  • February 1998
  • Background Note

Contracting and Control in Venture Capital

By: Paul A. Gompers
Discusses the control mechanisms and contracts utilized by venture capitalists. The emphasis is on understanding potential conflicts of interest and how the contracts mitigate those conflicts. View Details
Keywords: Venture Capital; Governance Controls; Contracts; Business or Company Management; Conflict of Interests
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Gompers, Paul A. "Contracting and Control in Venture Capital." Harvard Business School Background Note 298-067, February 1998.
  • October 1999 (Revised March 2000)
  • Background Note

Venture Capital Negotiations: VC versus Entrepreneur

By: Robert J. Robinson and Noam T. Wasserman
Introduces students to the challenging negotiations between venture capitalists and entrepreneurs. Explores interests, sources of negotiating power, barriers to reaching agreement, and common contractual terms. Describes how the parties try to reduce information... View Details
Keywords: Negotiation Tactics; Venture Capital; Entrepreneurship; Financial Services Industry
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Robinson, Robert J., and Noam T. Wasserman. "Venture Capital Negotiations: VC versus Entrepreneur." Harvard Business School Background Note 800-170, October 1999. (Revised March 2000.) (2000.)
  • 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.
  • 03 Feb 2020
  • News

Venture capital investors should harpoon more whales

    Venture Capital and Private Equity: A Casebook

    The 5th edition of Lerner's Venture Capital and Private Equity: A Casebook continues to present the important historical cases of private equity while incorporating a number of new relevant and timely cases from previous best-selling issues. It... View Details
    • 2006
    • Article

    The Unfulfilled Need of Venture Capital in Mexico

    By: Roberto Charvel, Luis Fernando Gonzalez and Dario Olivas
    This article reviews the nascent state of venture capital in Mexico as of 2006. View Details
    Keywords: Mexico; Emerging Market; Latin America; Entrepreneurial Finance; Venture Capital; Financial Services Industry; Latin America; North and Central America
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    Charvel, Roberto, Luis Fernando Gonzalez, and Dario Olivas. "The Unfulfilled Need of Venture Capital in Mexico." International Journal of Entrepreneurship and Innovation Management 6, nos. 4/5 (2006): 306–325.
    • September 2016 (Revised March 2021)
    • Case

    DBL Partners: Double Bottom Line Venture Capital

    By: Shawn Cole, Mark Kramer, Tony L. He, Anshul Maudar and T. Robert Zochowski
    This case explores the origins and current practices of DBL, a San Francisco–based venture capital fund and one of the first impact investment funds to achieve significant financial returns to scale. This case allows for a competitive analysis of DBL's investment... View Details
    Keywords: Venture Capital; Investment Funds; Financial Strategy; Financial Services Industry; Tanzania
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    Cole, Shawn, Mark Kramer, Tony L. He, Anshul Maudar, and T. Robert Zochowski. "DBL Partners: Double Bottom Line Venture Capital." Harvard Business School Case 217-022, September 2016. (Revised March 2021.)
    • Teaching Interest

    Venture Capital and Private Equity (MBA)

    By: Josh Lerner

    The growth of private equity internationally has been dramatic, to the point that the asset class has been both lauded as the savior and vilified as the cause of our current economic malaise. Over the past two decades, private equity- ranging from venture capital to... View Details

    • September 2024
    • Case

    TechEnergy Ventures: Innovating Through Corporate Venture Capital

    By: Rebecca Karp and Lena Duchene
    This case examines TechEnergy Ventures, the corporate venture capital (CVC) arm of the Techint Group, and its role in scaling innovation within the energy sector. Founded in 2021, TechEnergy Ventures operates with a mandate to invest in disruptive technologies to... View Details
    Keywords: Transition; Alternative Energy; Renewable Energy; Metals and Minerals; Mining; Corporate Entrepreneurship; Climate Change; Environmental Sustainability; Corporate Finance; Venture Capital; Financial Strategy; Investment Portfolio; Growth and Development Strategy; Adaptation; Diversification; Innovation Strategy; Energy Industry; Energy Industry; Italy; Europe; Latin America; Argentina
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    Karp, Rebecca, and Lena Duchene. "TechEnergy Ventures: Innovating Through Corporate Venture Capital." Harvard Business School Case 725-393, September 2024.
    • TeachingInterests

    Venture Capital and Private Equity (MBA)

    By: Archie L. Jones

    The growth of private equity internationally has been dramatic, to the point that the asset class has been both lauded as the savior and vilified as the cause of our current economic malaise. Over the past two decades, private equity- ranging from venture... View Details

    • July 1998
    • Article

    What Drives Venture Capital Fundraising?

    By: P. Gompers and J. Lerner
    Keywords: Venture Capital
    Citation
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    Gompers, P., and J. Lerner. "What Drives Venture Capital Fundraising?" Brookings Papers on Economic Activity. Microeconomics (July 1998): 149–192.
    • January 2010
    • Article

    Buy Local? The Geography of Successful Venture Capital Expansion

    By: Henry Chen, Paul A. Gompers, Anna Kovner and Josh Lerner
    We document geographic concentration by both venture capital firms and venture capital-financed companies in three metropolitan areas: San Francisco, Boston, and New York. We find that venture capital firms locate in regions with high success rates of venture... View Details
    Keywords: Venture Capital; Expansion; Success; Capital; Geographic Location; Business Units; Corporate Accountability; Business Offices; Goals and Objectives; Mission and Purpose; Investment Funds; Corporate Governance; Boston; New York (state, US); San Francisco
    Citation
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    Chen, Henry, Paul A. Gompers, Anna Kovner, and Josh Lerner. "Buy Local? The Geography of Successful Venture Capital Expansion." Journal of Urban Economics 67, no. 1 (January 2010): 90–110.
    • 2007
    • Chapter

    Venture Capital and Private Equity

    By: Paul A. Gompers
    Keywords: Venture Capital; Private Equity
    Citation
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    Gompers, Paul A. "Venture Capital and Private Equity." In The Handbook of Corporate Finance: Empirical Corporate Finance, edited by Espen Eckbo. New York: Elsevier/North-Holland, 2002.
    • April 1998
    • Case

    Venture Capital in Ireland: Getting Their ACT Together

    By: Paul A. Gompers and Catherine M. Conneely
    Analyzes the decisions of Niall Carroll, an Irish banker, to start a venture capital fund focused on Ireland. The context of the Irish markets and the nature of Irish opportunities are explored. View Details
    Keywords: Business Startups; Venture Capital; Markets; Market Entry and Exit; Financial Services Industry; Republic of Ireland
    Citation
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    Gompers, Paul A., and Catherine M. Conneely. "Venture Capital in Ireland: Getting Their ACT Together." Harvard Business School Case 298-001, April 1998.
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