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This book analyzes the dynamics through which the two major communist parties of the capitalist world—which in the 1970s had great influence on their respective national political contexts since the 1980s are increasing their marginality and, although in different forms and with different timeframes... More

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John Wu, President of Ava Labs, the primary developer of the Avalanche blockchain, and Emin Gün Sirer, the software company’s Founder and CEO, team up to develop a lending and borrowing protocol that would jumpstart the Decentralized finance (DeFi) economy on Avalanche. This case discusses Ava Labs'... More

Redfin, a technology-powered residential real estate brokerage, was founded in 2002 with the intention of using technology to disrupt the real estate industry. Over the next 15 years, Redfin made several changes to its business model. Initially, the company provided less support than a traditional r... More

The case opens in 2016 as Barbaros Ozbugutu, co-founder and CEO of the Istanbul-based payment technology start-up iyzico, contemplates the offers the company received for its Series C round. The case then describes iyzico's origins and provides a detailed overview of the business model and growth st... More

The case opens in July 2016 as Barbaros Ozbugutu, co-founder and CEO of the Istanbul-based payment technology start-up iyzico, contemplates the pros and cons of the different term sheets the company has received for its Series C round. The case then informs the reader about some changes in circumsta... More

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At-Bay was a cyber insurance startup that offered companies coverage against a wide array of cyber risks-exposure to which the firm was able to quickly assess and price on the basis of technical expertise that traditional insurance carriers lacked. In mid-2019, At-Bay was working to build underwriti... More

The start-up BlueVine Capital Inc. (BlueVine) used data and technology to help finance small businesses via factoring and lines of credit. The case explains the small business financing market in mid-2010s, how CEO Eyal Lifshitz identified the opportunity for BlueVine, and how he built the company t... More

The case opens in 2019 as Raja Al Mazrouei, executive vice president of FinTech Hive (the Hive) at the Dubai International Financial Centre (DIFC), the first and largest financial technology accelerator in the Middle East, Africa and South Asia region, contemplates her and the Hive's option to suppo... More

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"Having decided not to buy more shares after Snap’s IPO quiet period expired on March 27, Elizabeth Kemp was feeling a little regretful. Snap had, in fact, jumped almost 5% that day to close at $23.83. But her regret was quickly replaced by intrigue when she saw that Brian Nowak from Morgan Stanley ... More

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XP, an investment platform, was on the verge of defining whether to do an IPO or selling off a majority stake to Ita Unibanco, Brazil s largest financial conglomerate. Under the leadership of Guilherme Benchimol, XP s co-founder and CEO, XP had risen to become the largest independent investment ... More

In June 2020, XP and Ita faced intensified competition and tension in their partnership, with the latter owning a minority stake at XP. Two years earlier, in May 2017, Ita had announced it would acquire 49.9% of XP for $1.8 billion, followed by three additional stages leading to company control.... More

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"On March 2, 2017, Snap Inc., the disappearing message app, went public at $17.00 per share on the New York Stock Exchange (NYSE). According to The Wall Street Journal, “investors clamored for a piece of the fast-growing social network,” causing the price to surge and eventually close at $24.48, up ... More

"Elizabeth Kemp decided to sell half of her Snap shares on Tuesday, March 28 following the expiration of the quiet period and the 5% price increase on Monday, March 27. She held the remaining 250,000 shares for several months as Snap’s stock price fell from $22.00 to $17.00 (see Exhibit 1). Much of ... More

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