Post-2020 Investment Surge in Black Startups Slows
New Research Shows That the Majority of Post-2020 Investment in Black-Founded Startups Came From Investors with No Prior History of Working with Black Founders
New Research Shows That the Majority of Post-2020 Investment in Black-Founded Startups Came From Investors with No Prior History of Working with Black Founders
New research from Columbia Business School reveals that high-skilled immigrants, including H-1B visa holders, don’t take jobs from native-born workers—instead, they fuel entrepreneurship, innovation, and economic growth, particularly in diverse communities.
In this episode of More MPE, hosts Ray Horton and Sandi Wright speak with Kaushik Kappagantulu ’17, co-founder and CEO of Kheyti, on his journey from the conventional career in engineering his parents favored to founding a social enterprise aimed at lifting millions of India’s small farmers out of poverty.
Navigating Japan’s Demographic and Technological Challenges
Tuesday, November 12, 2024
Columbia Business School
Featuring: Yumiko Murakami, General Partner, MPower Partners
Moderator: David E. Weinstein, Director, CJEB; Carl S. Shoup Professor of the Japanese Economy, Columbia University
コロンビア大学ビジネススクール 日本経済経営研究所 主催
In this episode of More MPE, hosts Ray Horton and Sandi Wright speak with Kesha Cash ’10, founder and general partner of Impact America Fund, on her humble beginnings to becoming a trailblazer in impact investing.
Three new Tamer Fund for Social Venture awardees were selected after their participation in an application screening round, a due diligence process with student teams from the Columbia Business School course Investing in Social Ventures, and a final pitch to the fund’s investment board.
Harnessing the power of regional innovation is key to entrepreneurial growth, according to Jorge A. Guzman, Gantcher Associate Professor of Business at Columbia Business School.
White paper reveals barriers to innovation and strategies for realizing transformative improvements
Nataliya Langburd Wright is an Assistant Professor in the strategy area and Chazen Senior Scholar at Columbia Business School. Her research focuses on entrepreneurial strategy, particularly the role of strategic technological and market choices in global entrepreneurial scaling disparities. It is published in the Strategic Management Journal and Research Policy and earned awards from the Academy of Management, PTC, the Columbia Business School Digital Future Initiative, and the Strategic Management Society.
Dr. Jorge Guzman is an associate professor at the Management Division in Columbia Business School. Jorge received his PhD from the Sloan School of Management at MIT, and was previously a postdoc at the National Bureau of Economic Research (NBER) and a lecturer at MIT Sloan.
Ezra Mehlman is a managing partner at Health Enteprise Partners, a healthcare IT and services focused growth equity firm whose investors include some of the leading hospital systems and health plans across the country.
Rita McGrath is a best-selling author, a sought-after advisor and speaker, and a longtime faculty member at Columbia Business School.
Sharad Devarajan is a media entrepreneur, producer and creator. His most recent company, Graphic India, is the culmination of his lifelong dream to launch superheroes and genre stories that tap into the unique creativity and culture of India but appeal to audiences worldwide.
Christian is the Sidney Taurel Associate Professor within the Finance and Economics Division at Columbia Business School. His research focuses on macroeconomics and labor economics, with additional interests in public economics. The common theme behind his research is to understand the determinants of earnings inequality and the role redistributive policies. Before joining Columbia, Christian received a Ph.D. in Economics from Princeton University where he was named a Fellow of Woodrow Wilson Scholars and was awarded the Towbes Prize for Outstanding Teaching.
Dave was appointed Director of Entrepreneurship at Columbia University in 2013. In his years with Columbia Entrepreneurship he’s helped launch the Columbia Startup Lab, the Columbia Design Studio, Startup Law Studio, CTech and a host of new tech programs and curricula throughout the university’s many schools.
Professor Hubbard is a specialist in public economics, managerial information and incentive problems in corporate finance, and financial markets and institutions. He has written more than 100 articles and books on corporate finance, investment decisions, banking, energy economics and public policy, including two textbooks, and has authored The Wall and the Bridge and coauthored Balance, The Aid Trap, and Healthy, Wealthy, and Wise.
Sheena S. Iyengar is the inaugural S.T. Lee Professor of Business in the Management Division at Columbia Business School, and a world expert on choice and decision-making. Her book The Art of Choosing received the Financial Times and Goldman Sachs Business Book of the Year 2010 award, and was ranked #3 on the Amazon.com Best Business and Investing Books of 2010. Her research is regularly cited in the New York Times, Wall Street Journal, and The Economist as well as in popular books, such as Malcolm Gladwell’s Blink and Aziz Ansari’s Modern Romance.
Melanie Brucks is interested in creativity and innovation. Her research focuses on the processes involved in generating and selecting innovative ideas and on the cognitive and behavioral consequences of technological innovations. Her findings help marketers better design ideation activities to maximize productivity and fuel innovation.
Before joining Columbia, Melanie Brucks received a PhD in Marketing from Stanford Graduate School of Business.
Patricia Angus, JD, MIA, TEP, is Founder and CEO of Angus Advisory Group LLC, an Adjunct Professor and Founder of the Global Family Enterprise Program Columbia University’s Graduate School of Business.
Michael Ewens is the David L. and Elsie M. Dodd Professor of Finance and co-director of the Private Equity Program. He is also a Research Associate at the National Bureau of Economic Research (NBER), Associate Editor of the Journal of Financial Economics, Associate Editor at the Review of Financial Studies, Associate Editor at Management Science, Associate Editor at the Journal of Corporate Finance, and co-editor of the Journal of Economics & Management Strategy. He received a Ph.D.
We aim to stimulate discussion on how innovation research within marketing can use a better world (BW) perspective to help innovation become a driver of positive change in the world. In this "Challenging the Boundaries" series paper, we hope to provide purposeful research opportunities for scholars seeking to bridge innovation research with the BW movement. We frame our discussion with four areas of innovation research in marketing that are particularly relevant to BW objectives.
Why do startups from mid-sized markets struggle to scale? We theorize that their home market is big enough to gain early traction, which incentivizes them to delay targeting new markets necessary for growth. This delay, however, allows adaptation costs to grow too large. We test this by exploring international expansions using interview and large-scale website language data of up to 20,000 software startups from around the world.
What is the impact of communicating strategy to employees in scaling ventures? As entrepreneurial ventures grow and add headcount, misalignment among employees can emerge, leading to inefficient and potentially detrimental decisions. Communicating strategy can realign employees' ideas to the firm's core framework but divert them from more distant and potentially optimal possibilities, constraining flexibility. Through a pre-registered field experiment involving 480 employees across 25 companies in 14 countries, we analyze the effects of a simple strategy communication intervention.
Prior work suggests that startups in less-financing-rich contexts grow less than others. Does this growth gap narrow or widen if these startups adopt strategic fit and therefore align their strategic choices with each other and their context? While fit can improve these startups' resource allocation, it can also be harder to achieve and constrain their flexibility.
How does international exposure shape entrepreneurial pivots? Through a field study of 84 startups across 27 countries, we develop a model that uncovers how international exposure not only spurs ventures to update their understandings of the international market but also generates pivots in the addressed market. Structural differences between markets and entrepreneurs' cognitive openness makes new information about the international market more salient. This new information opens ventures' eyes to novel opportunities.
Screening human capital based on signals such as job applications or entrepreneurial pitches is crucial for organizations. Signals are informative insofar as they are costly. Generative AI (GAI) complicates screening by lowering the cost of producing impressive signals. We model the informational effects of GAI, showing that applicants' use of GAI can increase-but also decrease-an evaluator's screening mistakes. This result depends on how GAI affects experts' signals compared to non-experts'.
Entering new markets is crucial for technology startups to scale. But it is not clear which initial users help startups learn about demand in these target, often foreign, markets. While local users can typically offer clearer signals, foreign ones can offer more transferable ones. This raises the question: How does the local vs. foreign composition of initial users shape startups' subsequent foreign user growth? I test this question on a digital product platform.
How does participating in open source software (OSS) communities spur entrepreneurial growth? To address this question, we analyze novel data matching accounts from GitHub—the largest OSS hosting platform—to the universe of global software venture-backed firms identified by PitchBook. We find a robustly positive relationship between OSS contributions and entrepreneurial growth.