Authors:

  • Shane Greenstein

Excerpt

September/October 2022, Paper: "Many risky decisions have long time horizons. Consider investing in a business venture that will not pay off for at least half a decade—major construction projects, a new line of product introductions, software upgrades for widely used products, and the list goes on. All of these risky decisions lend themselves to a combination of spread sheets and human assessment. Much of the investing by angel investors and venture capitalist (VCs) fall into this category, and so does plenty of the business development by established technology firms."

Non-HKS Harvard Faculty Website - Shane Greenstein