In March 2002, five partners Adams Capital Management (ACM), a venture capital firm investing in information technology telecommunications with $ 700 million under management, gathered to discuss whether they should change their strategy because of the long downturn in the economy and their target investment sectors. Since its founding in 1993, ACM followed a different strategy against the markets of interest, investing in and managing these portfolio companies through a certain process to liquidity. The first fund AFM was performed very well, his second was to look good, and the third, however, only a year later in his life was not so good. ACM is considering three options: invest in companies that produce more basic products, hiring more partners or investment in new markets, or to take large positions in companies in their traditional sectors. Each has its own capabilities and limitations. Rewritten version of the previous case. "Hide
by G. Felda Hardymon, Josh Lerner, Ann Leamon Source: Harvard Business School 19 pages. Publication Date: January 24, 2003. Prod. #: 803143-PDF-ENG
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