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• Case | HBS Case Collection | October 2018

  Khan Academy 2018

  William A. Sahlman and Nicole Tempest

  Online global education nonprofit tries to balance far-reaching long term aspirational vision with short term need for greater focus and prioritization

  Keywords: entrepreneur; sustainability; scaling; Social Entrepreneurship; Nonprofit Organizations; Strategy; Education; Entrepreneurship; Teaching; Education Industry; California;

  Citation:

  Sahlman, William A., and Nicole Tempest. "Khan Academy 2018." Harvard Business School Case 819-064, October 2018.  View Details

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• Exercise | June 2018

  Venture Capital Term Sheets

  Ramana Nanda, William A. Sahlman and Robert White

  Citation:

  Nanda, Ramana, William A. Sahlman, and Robert White. "Venture Capital Term Sheets." Harvard Business School Exercise 818-137, June 2018.  View Details

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• Case | HBS Case Collection | September 2016 (Revised April 2018)

  Western Technology Investment

  Ramana Nanda, William A. Sahlman and Nicole Keller

  Based in Portola Valley, California, Western Technology Investment (WTI) specialized in a hybrid form of debt and equity financing for early-stage companies. Like traditional venture capital and private equity firms, WTI raised funds from institutional investors and evaluated deals. However, instead of making initial investments in the form of equity, WTI focused primarily on lending money to start-ups, charging them interest and receiving warrants that could later be converted to stock in the case of a liquidity event. Most initial investments—usually in the range of $3–$5 million—were made in tandem with or following a company’s early rounds of venture capital equity financing. In addition, like more traditional venture capital investors, WTI hoped to participate in follow-on debt and equity investments in its successful portfolio companies.

  Keywords: entrepreneurial finance; venture capital; entrepreneurship; finance; Equity; Finance; Venture Capital; Entrepreneurship; Financing and Loans; California;

  Citation:

  Nanda, Ramana, William A. Sahlman, and Nicole Keller. "Western Technology Investment." Harvard Business School Case 817-019, September 2016. (Revised April 2018.)  View Details

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