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• Technical Note | HBS Case Collection | October 2013 (Revised April 2018)

  Non-Equity Financing for Entrepreneurial Ventures

  Joan Farre-Mensa, Ramana Nanda and Piyush Jain

  Young, and particularly high-growth ventures often need to raise significant external finance, since their internal cash flow is usually insufficient to support the investments needed to grow. Although raising equity from venture capital or angel investors is the most well-known source of external finance for high-growth ventures, many entrepreneurs, particularly small business owners, rely on debt and other non-equity sources of capital to finance their ventures, either because equity capital is not available to them or because they want to avoid the ownership dilution and governance constraints associated with equity investments.

  This note focuses on these non-equity sources of financing for entrepreneurs, paying particular attention to how the emergence of new technologies in risk assessment have expanded their availability for young firms.

  Keywords: entrepreneurial finance; finance; Entrepreneurship; Finance; Financial Services Industry;

  Citation:

  Farre-Mensa, Joan, Ramana Nanda, and Piyush Jain. "Non-Equity Financing for Entrepreneurial Ventures." Harvard Business School Technical Note 814-005, October 2013. (Revised April 2018.)  View Details

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• Supplement | HBS Case Collection | March 2018

  1366 Technologies: Scaling the Venture (B)

  Joseph B. Lassiter III and Ramana Nanda

  Citation:

  Lassiter, Joseph B., III, and Ramana Nanda. "1366 Technologies: Scaling the Venture (B)." Harvard Business School Supplement 818-116, March 2018.  View Details

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• Case | HBS Case Collection | September 2017 (Revised March 2018)

  Chai Point: Disrupting Chai

  Shikhar Ghosh, Ramana Nanda and Rachna Tahilyani

  Chai Point is India’s largest organized chai retailer. It has missed its target for retail store openings by approximately 25%, goals that are very important to its investors who are also their board members. However, it has developed an exciting new Internet based tea dispenser, that has the potential to dramatically increase Chai Point’s market opportunity and growth rate but can be seen as a change in their growth strategy. The founder needs to decide his strategy for his next board meeting. Should he focus on their past performance? Or should he spend time outlining boxC.in’s technology and potential, since this will be the first time that the institutional investors will be seeing this new capability?

  Keywords: strategy; venture capital; stock; business model; mobile technology; Technological Innovation; Marketing; Marketing Strategy; Internet; Mobile Technology; Food; Selection and Staffing; Employee Stock Ownership Plan; Resignation and Termination; Compensation and Benefits; Resource Allocation; Product Positioning; Distribution Channels; Product Design; Supply Chain; Governing and Advisory Boards; Food and Beverage Industry; Retail Industry; Asia; India; Karnataka; Bangalore;

  Citation:

  Ghosh, Shikhar, Ramana Nanda, and Rachna Tahilyani. "Chai Point: Disrupting Chai." Harvard Business School Case 818-020, September 2017. (Revised March 2018.)  View Details

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