William A. Sahlman | |
---|---|
Education | Princeton University Harvard Business School |
Occupation | Academic |
Employer | Harvard Business School |
William A. Sahlman is an American academic. He is a professor emeritus at the Harvard Business School. He has published research about entrepreneurship, including over 150 business cases. He is the co-author or co-editor of three books.
William A. Sahlman graduated from Princeton University in 1972. [1] He earned a master in business administrator in 1975 and a PhD in Business Economics in 1982 from the Harvard Business School. [1]
Sahlman began teaching at the Harvard Business School in 1980. [1] He has published research about entrepreneurship, [2] including more than 150 business cases. [3] He is the co-author of a book and the co-editor of two more books.
Sahlman argued that the financial crisis of 2007–2008 was a crisis of corporate management resulting from a disorder of "incentives, risk management and control, accounting, human capital, and culture." [4]
Sahlman suggested that successful business plans need to focus on "the people, the opportunity, the context, and the possibilities for both risk and reward." [5]
With his colleague Josh Lerner, Sahlman argued that several steps could be taken to make entrepreneurship as competitive in the United States as it is in China or Brazil. For example, they suggested that the USG should invest more in business ventures, and use the toolbox of taxes and subsidies to encourage innovation. They also suggested that the government should let entrepreneurs address social ills, as in the case of charter schools. They added educated immigrants should be given green cards to improve the rate of human capital in the United States. Moreover, they suggested that capital markets should be liberated from unnecessary regulations. They also suggested that the government should publish financial data and encourage dialogue between trade organizations, and discourage unfair competition by banning monopolies. Additionally, they noted that the government should do away with Obamacare and encourage entrepreneurship in healthcare; lower taxes; find the right balance in protecting intellectual rights to enable innovation; maintain flexible dismissals; and reduce political gridlock. [6]
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential.
The MIT Sloan School of Management is the business school of the Massachusetts Institute of Technology, a private university in Cambridge, Massachusetts. MIT Sloan offers bachelor's, master's, and doctoral degree programs, as well as executive education. Its degree programs are among the most selective in the world. MIT Sloan emphasizes innovation in practice and research. Many influential ideas in management and finance originated at the school, including the Black–Scholes model, the Solow–Swan model, the random walk hypothesis, the binomial options pricing model, and the field of system dynamics. The faculty has included numerous Nobel laureates in economics and John Bates Clark Medal winners.
Venture capital (VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology.
William Jack Baumol was an American economist. He was a professor of economics at New York University, Academic Director of the Berkley Center for Entrepreneurship and Innovation, and Professor Emeritus at Princeton University. He was a prolific author of more than eighty books and several hundred journal articles.
Social entrepreneurship is an approach by individuals, groups, start-up companies or entrepreneurs, in which they develop, fund and implement solutions to social, cultural, or environmental issues. This concept may be applied to a wide range of organizations, which vary in size, aims, and beliefs. For-profit entrepreneurs typically measure performance using business metrics like profit, revenues and increases in stock prices. Social entrepreneurs, however, are either non-profits, or they blend for-profit goals with generating a positive "return to society". Therefore, they use different metrics. Social entrepreneurship typically attempts to further broad social, cultural and environmental goals often associated with the voluntary sector in areas such as poverty alleviation, health care and community development.
Intrapreneurship is the act of behaving like an entrepreneur while working within a large organization. Intrapreneurship is known as the practice of a corporate management style that integrates risk-taking and innovation approaches, as well as the reward and motivational techniques, that are more traditionally thought of as being the province of entrepreneurship. Corporate entrepreneurship is a more general term referring to entrepreneurial actions taking place within an existing organization whereas Intrapreneurship refers to individual activities and behaviors.
Venture capital financing is a type of funding by venture capital. It is private equity capital that can be provided at various stages or funding rounds. Common funding rounds include early-stage seed funding in high-potential, growth companies and growth funding. Funding is provided in the interest of generating a return on investment or ROI through an eventual exit through a share sale to an investment body, another trading company or to the general public via an Initial public offering (IPO). Venture Capital can be made in four methods: 1) Equity Financing; 2) Conditional Loan; 3) Income Note; and 4) Participating Debenture.
Entrepreneurship is the creation or extraction of economic value. With this definition, entrepreneurship is viewed as change, generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.
The Money of Invention: How Venture Capital Creates New Wealth is a non-fiction book about venture capital, written by Paul A. Gompers and Josh Lerner, Professors of Business Administration at Harvard Business School. The book was first published in 2001 by the Harvard Business School Press. It is considered one of the best studies about the venture capital industry in United States.
Alexander Ljungqvist is a Swedish economist, educator, scholar, writer, and speaker. He is a professor of finance at the Stockholm School of Economics, where he holds the Stefan Persson Family Chair in Entrepreneurial Finance. His areas of expertise include corporate finance, investment banking, initial public offerings, entrepreneurial finance, private equity, venture capital, corporate governance, and asset pricing. Professor Ljungqvist teaches MBA and executive courses in private equity and venture capital and a PhD course in corporate finance.
Soumodip Sarkar is an economist and management scholar.
An entrepreneurial ecosystems or entrepreneurship ecosystems are peculiar systems of interdependent actors and relations directly or indirectly supporting the creation and growth of new ventures.
Tarun Khanna is an Indian-born American academic, author, and an economic strategist. He is currently the Jorge Paulo Lemann professor at Harvard Business School; where he is a member of the strategy group, and the director of Harvard University’s South Asia initiative since 2010.
Entrepreneurial finance is the study of value and resource allocation, applied to new ventures. It addresses key questions which challenge all entrepreneurs: how much money can and should be raised; when should it be raised and from whom; what is a reasonable valuation of the startup; and how should funding contracts and exit decisions be structured.
Village Capital is a venture capital firm that finds, trains, and invests in early-stage ventures solving major global problems in agriculture, education, energy, financial inclusion, and health. VilCap Investments, LLC is its affiliated, managed investment fund. The programs use a model referred to as peer-selection, in which the entrepreneurs themselves choose the companies in the program that receive pre-committed investments of around $50,000. As of October 2018, Village Capital reported that they had made over 100 investments, and that over 900 entrepreneurs had gone through a total of more than 50 programs.
William R. Kerr is the Dimitri V. D'Arbeloff – MBA Class of 1955 Professor of Business Administration professor at Harvard Business School, where he is a co-director of Harvard's Managing the Future of Work project and faculty chair of the Launching New Ventures program for executive education.
Paul A. Gompers is an American economist. He is the Eugene Holman Professor of Business Administration at the Harvard Business School. He is the co-author of three books.
Josh Lerner is an American economist known for his research in venture capital, private equity, and innovation and entrepreneurship. He is the Jacob H. Schiff Professor of Investment Banking at the Harvard Business School.
Julie Battilana is a scholar, educator, and advisor in the areas of social innovation and social change at Harvard University. She is the Joseph C. Wilson Professor of Business Administration at Harvard Business School and the Alan L. Gleitsman Professor of Social Innovation at the Harvard Kennedy School.
Reza Satchu is an East African-born Canadian entrepreneur who has founded a number of high-profile businesses and charities. Satchu is the co-founder and managing partner of Alignvest Management Corporation, the founding chairman of NEXT Canada and a senior lecturer at the Harvard Business School.