Publications

Publications

501 Shareholders: Redefining Public Companies to Help Emerging Firms

In 2004, Google made headlines by “going public,” raising $1.7 billion in what was then the biggest initial stock offering since the heady days of the tech boom. Next spring, Facebook is expected to make its debut with a $10 billion initial public offering (“IPO”)—one of the largest ever. Dreams of a splashy IPO may…

Scale and Innovation in Today’s Economy

Conventional wisdom these days says that small is better when it comes to innovation and putting new ideas into practice. Large enterprises are typically thought of as hidebound defenders of the status quo, dominating by market power and brute force rather than technological and innovative prowess. Yet reality is far more complicated than this simple…

Reviving Jobs and Innovation: A Progressive Approach to Improving Regulation

Download the entire memo Today, the U.S. is suffering from a regulatory paradox: Too few and too many regulations at the same time. On the one hand, financial services were clearly under-regulated during the 2000s, making financial reform essential. Similarly, President Obama’s healthcare reform bill was a key first step to reining in medical costs.…