Established in 1997, the California Research Center (CRC) enriches the intellectual activities of HBS faculty and fortifies the connection between the Boston campus and the West Coast. The center’s primary mission is to facilitate faculty research and case study writing on West Coast companies, with an emphasis on California, specifically the San Francisco Bay Area. Since its opening, the CRC has helped develop more than 250 cases, which are used in all academic units within the School's MBA and Executive Education programs.
Research has focused on topics such as scaling startups, angel and venture investing, acquisition-related manufacturing integration processes, the commercialization of technology, capacity issues at biotech companies, and growth challenges for clean-tech companies. Popular cases over the years include:
The CRC Office is a 6-7 minute walk from Burlingame Caltrain station. The closest BART stop is Millbrae station which is a 10 minute taxi ride to the CRC.
QuantumScape CEO Jagdeep Singh juggles the many activities required to lead the next-generation battery pioneer. Founded in 2010, QuantumScape’s mission was to develop new “solid-state” car batteries that would improve upon traditional lithium-ion batteries in key areas such as range, charging speed, durability, cost, and safety. Success, they believed, would accelerate the transition from gasoline-powered cars to electric vehicles. Between 2010 and late 2020, QuantumScape operated in stealth mode and raised venture financing totaling more than $800 million. The team grew to over 200 employees, nearly all scientists and engineers working on the technical challenges associated with creating a solid-state battery that could be produced at scale. By summer 2020 it was clear to Singh and the board that the company required more capital to help fund its commercialization plan. In November 2020, QuantumScape went public by merging with a Special Purpose Acquisition Company (SPAC). Now, with that capital in hand, production facilities under construction, and a signed joint venture with Volkswagen, Singh expected to see cars with its batteries on highways by 2025.
Chia Network developed a novel blockchain platform that was more eco-friendly, decentralized, and scalable than Bitcoin, Ethereum, and other blockchains. Now, company leadership must decide how to scale the startup and prioritize various partnerships, use cases, and markets.
As the COVID pandemic spread in early 2020, global travel ground to a halt. For Airbnb, the San Francisco-based platform for renting accommodations, the impact was both swift and severe as revenues plummeted more than 70% over the prior year. Responding to the sudden downturn was a challenge for CEO Brian Chesky and his leadership team because the firm had adopted a stakeholder model with five key constituents: guests (renters), hosts (landlords), employees, communities and shareholders. While all five groups could benefit in the long-term if the firm succeeded, it was less clear how they should balance the potentially conflicting demands in the short-term particularly given the mounting losses. For example, in the face of travel restrictions, Airbnb could support guests by requiring hosts to refund deposits or could support hosts by allowing them to keep deposits. Similarly, should Airbnb use existing cash to maintain employment levels or downsize to protect capital providers? In the highly uncertain environment that existed in April 2020, Chesky and his team had to make many critical decisions with little precedent and limited information to guide them. As one of the first Silicon Valley "unicorns" to adopt a stakeholder business model, the world would be watching to see what they did, how they did it, and why.
In March 2021, Amnon Shashua, co-founder and CEO of Israel-based Mobileye, was preparing to meet with Intel’s new CEO, Pat Gelsinger, to review plans for the future. Mobileye had been acquired by California-based Intel in 2017, but still operated independently. Mobileye was the global leader in vision technology for Advanced Driver Assistance Systems (ADAS) with a 70% market share and $1 billion in revenue. However, for Shashua, ADAS was just the first step towards his dream of leading the autonomous vehicle (AV) revolution. It was this vision that led Intel to acquire Mobileye for $15.3 billion. Shashua’s challenge was that consumer AVs were still years away due to concerns over safety, regulation, cost, and consumer acceptance. A nearer term use case for AVs was the robotaxi market—fully autonomous, driverless taxis. Shashua and his team were excited about the potential of robotaxis to change the future of mobility, projecting that the market would grow to $160 billion globally by 2030. Mobileye believed that it could generate at least $15 billion in annual robotaxi revenue by the end of the decade. Equally important, Shashua viewed robotaxis as a necessary first step toward consumer AVs. Mobileye could use its experience in robotaxis to improve AV technology, address regulatory challenges, and build high definition maps. The long-term question facing Mobileye was whether to: 1) invest billions of dollars to build-out a global, vertically integrated robotaxi business; 2) use robotaxis as an opportunity to learn and then revert back to a horizontal supplier of AV chips and software; and/or 3) do both? During most of Intel’s history, the company had been a horizontal semiconductor company which avoided vertically integrating into its customers’ businesses. Should Shashua make the case that it was time for a change—and Intel should run a full-stack vertical robotaxi company? Each strategic choice had different capital requirements, risk profiles, and margin opportunities. Shashua needed to decide which direction to recommend to Gelsinger.
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Allison Ciechanover oversees the team that develops teaching cases and supports faculty research on West Coast companies, and has written over two dozen cases on tech companies. She also serves as the School’s liaison with the West Coast entrepreneurial community, assisting with MBA admissions, alumni relations, and MBA job search activities. She received her B.A. (magna cum laude) from the University of Pennsylvania, her MBA from Harvard Business School, and a Masters of International Affairs from the Johns Hopkins University School for Advanced International Studies.
After graduating from Harvard Business School, Allison worked in the Goldman Sachs Investment Management Division. She later led Process Improvement efforts in the Finance Group at Invitrogen (now Life Technologies). Most recently, Allison was a VP for Investments at Pacific Corporate Group, a La Jolla-based private equity fund of funds. Prior to her years at HBS, Allison was an Analyst in Goldman Sachs’s Executive Office, and a Researcher for the U.S. Department of Treasury Office of the Assistant Secretary for International Affairs.
George has worked in Silicon Valley in roles ranging from product management to speechwriting. He worked for companies including VMware, Cisco, EMC, Hitachi, as well as startups in healthcare and education. George has an interest in machine learning and cognitive science. He enjoys playing piano and unicycling.
George received a B.S. in Mechanical Engineering from San Jose State University and MBA from Harvard Business School.
Jeff worked at Facebook on the Public Content Operations team, and later as a Marketing Writer at a Mountain View-based education technology startup. He spent his early career as an associate at the conservation organization WildAid (in San Francisco and Cambodia) and at Outside PR & Sportsmarketing, a boutique outdoor-industry firm. He has also taught several writing courses at Boston University and Northern Arizona University, where he was Editor-in-Chief of Thin Air Magazine.
Jeff received his B.A. in History from Columbia University, where he started for the NCAA Division I Baseball team. He received an MA in English from the Northern Arizona University and a MFA in Creative Writing (Fiction) from Boston University. He lives in the Bay Area with his wife, Yvonne, who earned her MBA from HBS in 2014 and has since served as Marketing Director for several technology startups. In his spare time, he writes short stories and along with his dog, Dipsea, is an avid trail runner.
Nicole started her career as a management consultant at McKinsey & Co, working in San Francisco and New York with a focus in the consumer, retail, and media sectors. After McKinsey, Nicole served as a Director of Strategic Planning at PepsiCo in Purchase, NY and worked with Indra Nooyi -- who at the time was leading PepsiCo’s strategic planning group. Nicole’s specific engagement at PepsiCo centered on the company’s restaurant group, later spun out as Yum! Brands. Nicole helped launch the CRC when it first opened in 1997 and wrote many of the early cases at the CRC. In addition to her professional experiences, Nicole has served on the board of directors of CuriOdyssey, a children’s science center, and on the board of the Hillsborough Schools Foundation. Nicole received her MBA with distinction from Harvard Business School and her B.A. in Economics from Stanford University, where she was elected to Phi Beta Kappa.