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How to Compete for Talent like a Private Equity Firm
Private equity Digital ArticleIf you want to be successful, you have to harness the talent. The top private equity firms have a genius for hiring superior talent. All organizations need great people, but PE measures talent with one test only: performance. It’s not that private equity firms are heartless. Rather, their three- to five-year time horizon doesn’t allow […] -
The Era of “Move Fast and Break Things” Is Over
Venture capital Digital ArticleHere’s what that means for VCs and entrepreneurs. -
How Private Equity Firms Infuse a Positive Attitude
Private equity Digital ArticleTimes change and markets transform themselves overnight. The half-life of common wisdom is shorter than ever. But top private equity firms have distilled a set of institutional habits that boost the likelihood of their success. What’s critical to this success? Attitude. PE leaders take pains to foster a “results-oriented mind-set”. In short, that means creating […] -
The Other Diversity Dividend
Organizational Development Magazine ArticleResearchers have struggled to establish a causal relationship between diversity and financial performance--especially at large companies, where decision... -
Should We Embrace Crypto? (Commentary for HBR Case Study)
Finance & Accounting Magazine ArticleIvory Tower, the world's leading online education platform, is considering whether to accept payments and invest cash reserves in Bitcoin. The gung-ho... -
Idle Funds are the Devil's Playground
Innovation & Leadership Digital ArticleIn the book we're working on right now, we make the argument that capitalism is evolving because the environment in which it is situated is changing in... -
Bootstrap Finance: The Art of Start-ups
Entrepreneurial financing Magazine ArticleEntrepreneurship is more celebrated, studied, and desirable than ever. Business school students flock to courses on entrepreneurship. Managers, fearful of losing their step on the corporate ladder, yearn to step off on their own. Policymakers pin their hopes for job creation and economic growth on start-ups rather than on the once-preeminent corporate giants. Belief in […] -
Research: Joint Ventures that Keep Evolving Perform Better
Finance & Accounting Digital ArticleMarket leaders maximize returns by actively shaping - and reshaping - their partnership portfolios. -
In a Downturn, Include Your Employees in Cost-Cutting Decisions
Finance & Accounting Digital ArticleA bottom-up approach helps align incentives and find creative solutions. -
How to Attract the Right Shareholders
Fundraising Digital ArticleInstead of casting a wide net, try a more strategic approach. -
The Top Ten Lies of Entrepreneurs
Entrepreneurial financing Magazine ArticleIt’s easy to turn off prospective investors. Just feed them the same old lines. -
A Stealthier Way to Raise Money
Entrepreneurship Magazine ArticleWhen entrepreneurs get financing from big VC firms, they often lose control over their idea and their business. An increasing number are unwilling to make that deal. -
Eclipse of the Public Corporation
IPOs Magazine ArticleNew organizations are emerging in its place—organizations that are corporate in form but have no public shareholders and are not listed or traded on organized exchanges. These organizations use public and private debt, rather than public equity, as their major source of capital. Their primary owners are not households but large institutions and entrepreneurs that […] -
The Strategic Secret of Private Equity
Private equity Magazine ArticleWhy “buying to sell” can generate a much higher return on investment than the public company practice of “buying to keep” -
Give My Regrets to Wall Street (HBR Case Study)
Strategy & Execution Magazine ArticleIt's been only four years since First Rangeway Consulting went public, but to CEO Kenneth Charles, it seems like a lifetime. In the grand old days of... -
The Disruption of Venture Capital
Disruptive innovation Digital Article“…most often the very skills that propel an organization to succeed in sustaining circumstances systematically bungle the best ideas for disruptive growth. An organization’s capabilities become its disabilities when disruption is afoot.” – Clayton Christensen, The Innovator’s Solution In November 2005, Paul Graham wrote an essay titled “The Venture Capital Squeeze.” It had been over […] -
How to Respond to Shareholder Activism
Finance & Accounting Magazine ArticleActivist shareholders are often seen as villains by managers and boards. Their demands for strategic and organizational shifts-which can feel personal... -
Private Equity's Lessons for the Rest of Us
Finance & Accounting Digital ArticleA year ago, most of us couldn't name a single asset in the Cerberus Capital Management portfolio. Today, we know them as the private equity firm that... -
It's Time to Change How ESG Is Measured
Finance & Accounting Digital ArticleCreating separate ratings for E, S, and G would benefit firms, investors, and policymakers. -
4 Factors That Predict Startup Success, and One That Doesn't
Innovation & Leadership ResearchEvidence from more than 300 venture capital investments.
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Early-Stage Term Sheets
Finance & Accounting Case Study8.95View Details This note was written as an updated version of "The Early-Stage Term Sheet" (UV2526) and may be used in its place. In seeking funding for an early-stage... -
Keller Fund's Option Investment Strategies
Finance & Accounting Case Study11.95View Details A closed-end mutual fund's decision to study option trading provides an opportunity to study the profit profile and pricing of multiple option investment... -
MOVE Guides (A)
Innovation & Entrepreneurship Case Study11.95View Details It was a crisp autumn day in London in 2012. Brynne Kennedy and Steve Black, the co-founders of MOVE Guides, were huddling with their lead software developer,... -
Your Own Case Study
Organizational Development Case Study8.95View Details Designed to aid in the transfer and application of knowledge gained from the executive program to the live situation that program participants face in... -
Pinewood Mobile Homes, Inc.
Finance & Accounting Case Study8.95View Details This case presents a realistic situation in which a firm in financial distress attempts an out-of-court financial restructuring by means of a debt exchange.... -
MacroMarkets LLC
Finance & Accounting Case Study11.95View Details MacroMarkets co-founder and CEO Samuel Masucci III is meeting with a strategic partner for his firm. Co-founded with Yale University Professor Robert... -
Founder Collective
Innovation & Entrepreneurship Case Study11.95View Details Founder Collective ("FC") launched in 2009 with a clear mission: to be the most aligned fund for founders at the seed stage. In keeping with its mission,... -
Note on Financial Analysis
Finance & Accounting Case Study8.95View Details Serves as an introduction to funds flows and ratio analysis. Includes basic discussion of these tools as assists in the analyst's or manager's job. Supplementary... -
Opportunity Zones
Finance & Accounting Case Study8.95View Details On December 22, 2017, President Donald J. Trump signed into law the Tax Cuts and Jobs Act of 2017 (TCJA). While many pundits focused on the bigger ticket... -
At the T. Rowe Price Trading Desk (B)
Finance & Accounting Case Study5.00View Details Supplements the (A) case. -
Dimensional Fund Advisors--1993
Finance & Accounting Case Study11.95View Details A small California-based money manager is now offering specialty products for institutional investors based upon recent financial research findings. -
Privateer Holdings: Navigating a Rocketing, But Complex, Cannabis Marketplace
Innovation & Entrepreneurship Case Study11.95View Details Privateer Holdings was a Seattle-based private equity firm that was "shaping the future of the legal cannabis industry." In late 2017, Privateer held... -
Relational Investors and Home Depot (A)
Leadership & Managing People Case Study11.95View Details In 2006, amidst shareholder upset over CEO Robert Nardelli's compensation and Home Depot's declining stock price, Relational Investors decided to further... -
The Elcer Products Transaction: Confidential Information for Euro Elektrische Keramische Vorrichtungen (Euro EKV), GmbH
Strategy & Execution Case Study8.95View Details In a six-party negotiation exercise, the TNDA Corp. plans to sell the Elcer Products Division to one of four potential buyers (industrial, financial,... -
Valuing Late-Stage Companies and Leveraged Buyouts
Finance & Accounting Case Study8.95View Details This note replaces "Valuation of Late-Stage Companies and Buyouts" (UVA-F-1639). This note focuses on the valuation of late-stage companies with a particular... -
Jet Airways (India) Limited - Brand Building and Valuation: Industry Note
Finance & Accounting Case Study8.95View Details The case documents how Naresh Goyal, chairman of Jet Airways (India) Limited founded the airline and related business group, and built the 'Jet Airways'... -
IFMR Capital: Securitizing Microloans for Non-Bank Investors
Global Business Case Study11.95View Details In 2009 IFMR Capital sought to create new funding options for microfinance institutions by using a structured finance approach to attract a new class... -
Hermitage's Russian Quandary (A)
Global Business Case Study11.95View Details In June 2007, the offices of Russian hedge fund Hermitage Capital were raided by Moscow police; in the months that followed, Hermitage founder Bill Browder... -
Sink or Float: An Oliver Wyman and Duke Royalty Investment Opportunity
Finance & Accounting Case Study11.95View Details In late 2016, an analyst at Oliver Wyman (OW), was contemplating the high stakes of her new project. European riverboat company Temarca Group (Temarca)...
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How to Compete for Talent like a Private Equity Firm
Private equity Digital ArticleIf you want to be successful, you have to harness the talent. The top private equity firms have a genius for hiring superior talent. All organizations need great people, but PE measures talent with one test only: performance. It’s not that private equity firms are heartless. Rather, their three- to five-year time horizon doesn’t allow […] -
Early-Stage Term Sheets
Finance & Accounting Case Study8.95View Details This note was written as an updated version of "The Early-Stage Term Sheet" (UV2526) and may be used in its place. In seeking funding for an early-stage... -
The Era of “Move Fast and Break Things” Is Over
Venture capital Digital ArticleHere’s what that means for VCs and entrepreneurs. -
How Private Equity Firms Infuse a Positive Attitude
Private equity Digital ArticleTimes change and markets transform themselves overnight. The half-life of common wisdom is shorter than ever. But top private equity firms have distilled a set of institutional habits that boost the likelihood of their success. What’s critical to this success? Attitude. PE leaders take pains to foster a “results-oriented mind-set”. In short, that means creating […] -
The Other Diversity Dividend
Organizational Development Magazine ArticleResearchers have struggled to establish a causal relationship between diversity and financial performance--especially at large companies, where decision... -
Keller Fund's Option Investment Strategies
Finance & Accounting Case Study11.95View Details A closed-end mutual fund's decision to study option trading provides an opportunity to study the profit profile and pricing of multiple option investment... -
MOVE Guides (A)
Innovation & Entrepreneurship Case Study11.95View Details It was a crisp autumn day in London in 2012. Brynne Kennedy and Steve Black, the co-founders of MOVE Guides, were huddling with their lead software developer,... -
Your Own Case Study
Organizational Development Case Study8.95View Details Designed to aid in the transfer and application of knowledge gained from the executive program to the live situation that program participants face in... -
Pinewood Mobile Homes, Inc.
Finance & Accounting Case Study8.95View Details This case presents a realistic situation in which a firm in financial distress attempts an out-of-court financial restructuring by means of a debt exchange.... -
MacroMarkets LLC
Finance & Accounting Case Study11.95View Details MacroMarkets co-founder and CEO Samuel Masucci III is meeting with a strategic partner for his firm. Co-founded with Yale University Professor Robert...