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🐻💼 Cornell Family Business Case Competition!! on how a family business should innovate, whether (1) the family should start it’s own VC arm, or (2) the family should invest in a VC fund!
it so interesting to hear the common themes, how to maintain the family reputation, the effects of the macroeconomic situation, how to reduce governance friction in the family, how to develop talent within the family, and how to create a long-lasting legacy!
The Cornell Smith Family Business Initiative is an amazing place at Cornell, that publishes research on best practices in family businesses, holds seminars to connect family businesses by generations, and build community! my favorite is how the food served all comes from family businesses: Red Jacket Juice (5/5), Farmer Jon’s Popcorn (5/5), Jackson’s Snacks (5/5)!!