Forum 2024.12.18 Michael Cusumano
Date: December 18(Wednesday), 2024 from 16:30 to 18:00 Topic: “The impact of platform business models on the valuations of unicorn companies” Speaker: Michael Cusumano (Sloan Management Review Distinguished Professor of Management, MIT Sloan School of Management / Visiting Professor, Institute of Innovation Research, Hitotsubashi University) Abstract: Despite the importance of digital platforms in the global economy, there has been little systematic or quantitative analysis of how investors value platforms and the scope of their business models in private or public markets. This paper seeks to fill this gap in part by analyzing how unicorn valuations are affected by “platformness” (the degree to which a firm incorporates at least some elements…