Read a post in VentureBeat about how VC's are upset about the fees that major i-banks like Goldman Sachs charge small companies for IPO'ing. They feel that the larger banks have traditionally demanded large fees (e.g. $7M in a $100M IPO), while smaller banks in the syndicate that do most of the work get a much smaller piece of the fees. Reminds me of the research I saw last fall about how IPO's from the large investment banks (based on the league tables) actually perform worse than those from smaller investment banks.
I think Duke can have one of the strongest entrepreneurial communities in the world. Are we there yet? Well, not yet. But there's a tremendous amount of momentum that I saw build in just the past two years while I was getting my MBA at Duke. While leading Duke's 10th annual business plan competition, the Duke Start-Up Challenge (DSC) , last year, I witnessed a near doubling of participation on campus in just a single year. The interest on the ground was clearly there and building rapidly. But now that I'm an alum, I'm looking back and wondering ... how do we rev-up the Duke entrepreneurial community even more? I read a great article by Daniel Isenberg, a professor of management at Babson, called " How to Start an Entrepreneurial Revolution " in the June edition of the Harvard Business Review. Isenberg outlines nine prescriptions for governments that want to create entrepreneurship ecosystems in their countries. Although he was focused on governments an...
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