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    Research & Insights

    Through our research, we aim to expand the general body of knowledge on venture investing and venture asset management.

    Research & Insights

    Through our research, we aim to expand the general body of knowledge on venture investing and venture asset management.

    Academic articles
    The Review of Financial Studies
    Existence of the wealth-consumption ratio in asset pricing models with recursive preferences
    By Walter Pohl, Karl Schmedders and Ole Wilms
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    Review of Industrial Organization
    Competition and specialization in the VC market: A non-monotonic relationship
    By Christos Cabolis, Mian Dai and Konstantinos Serfes
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    Cogent Business ＆ Management
    Impact of venture competitions on entrepreneurial network development
    By Jung Eung Park, Jim Pulcrano and Benoit F. Leleux
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    International Business Research
    Small is beautiful? Niche entrepreneurship with a Swiss touch
    By Jung Eung Park, Jim Pulcrano and Benoit F. Leleux
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    Practitioner insights
    The Capco Institute Journal of Financial Transformation
    Cycles in private equity markets
    By Michel Degosciu, Karl Schmedders and Maximilian Ulrich Werner
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    MIT Sloan Management Review Blog
    Making Corporate Venture Capital Work
    By Patrick Flesner, Nikolaus Obwegeser and Michael R. Wade
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    Case studies
    Case Study
    Moon Creative Lab: Mitsui’s venture studio

    This case follows the steps taken by Kaichi Yokoyama, Moon Creative Lab’s CEO, to establish the entity as a pioneering venture studio and entrepreneurial talent development entity within the Mitsui Group. As a corporate venture, the story began in…

    By Benoit F. Leleux, Jim Pulcrano, Adam Hansson Tönning, Alexandra Loboda, Anette Papuga and Daisuke Shinohara
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    Case Study
    Green Motion: From entrepreneurial pioneer to multinational powerhouse

    Entrepreneur François Randin was successful, but searching for his next venture, wanting to build something sustainable. Suddenly he sees an all-electric sports car and decides to create an electric vehicle (EV) charging station company, even thou…

    By Jim Pulcrano
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    Case Study
    Nine Realms: Independent vs. corporate venture capital

    This case is designed to discuss the tradeoffs between independent venture capital (IVC) and corporate venture capital (CVC). Students also have the opportunity to analyze two startup investment opportunities based on Nine Realms’ criteria. The ca…

    By Salvatore Cantale, Janet Shaner, Matthew Simmons and Sune Stilling
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    Case Study
    Values-based entrepreneurship: Opaline’s bubbles

    Orsières (Valais, Switzerland) April 2020. Opaline, an original juice production company with high social and environmental standards had begun in 2010. It took founder Sofia de Meyer over 10 years to build a responsible and impactful company alig…

    By Benoit F. Leleux and Marc Chauvet
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    Case Study
    Values-based entrepreneurship: Opaline’s bubbles (Abridged)

    Orsières (Valais, Switzerland) April 2020. Opaline, an original juice production company with high social and environmental standards had begun in 2010. It took founder Sofia de Meyer over 10 years to build a responsible and impactful company alig…

    By Benoit F. Leleux and Marc Chauvet
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    Case Study
    From HealthKartPlus to 1MG: Growth plans

    The “1mg” case focuses on a key strategic dilemma of an entrepreneur in times of digitalization. Should 1mg be just an e-pharmacy and designed as pure pipeline business, a marketplace or be a hybrid between these two? Should it adhere to the curre…

    By James E. Henderson, Matthias Abicht, Pavlos Batagiannis, Bryan Frey and Peter Ulwahn
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    Case Study
    Working capital in the time of Covid-19: Cimpress and the Apollo venture debt

    When the COVID pandemic hit developed economies in full swing in the spring of 2020, companies scrambled to make sense of the implications for their business models. In most cases, reactions were defensive, aimed at ensuring the survival of the fi…

    By Benoit F. Leleux
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    Case Study
    Swisscom ventures digital transformation fund: CVC’S pitch for the future

    The case is designed to prompt considerations of the advantages and disadvantages of accepting external money from institutional investors into the corporate venture capital fund (CVC) for Swisscom. Our protagonist Dominique Megret, the head of th…

    By Bettina Büchel, Alejandro Mora Sojo, Alain Nydegger, Klaus Jørgensen and Benjamin Toulouze
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