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Venture Development: Introduction

The document discusses venture development, which involves starting a new business entity with the goal of financial gain. Many ventures are funded by investors who expect a return. Most are created to meet market demands or fill gaps. The entrepreneur and investors identify customer needs, develop an idea or product/service, market it, and make sales. The stages of venture development include seed, startup, early, and growth stages, culminating in an IPO or exit.

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Raushan Singh
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220 views

Venture Development: Introduction

The document discusses venture development, which involves starting a new business entity with the goal of financial gain. Many ventures are funded by investors who expect a return. Most are created to meet market demands or fill gaps. The entrepreneur and investors identify customer needs, develop an idea or product/service, market it, and make sales. The stages of venture development include seed, startup, early, and growth stages, culminating in an IPO or exit.

Uploaded by

Raushan Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Venture development

INTRODUCTION:-
Start-up entity developed with the intent of profiting
financially. A business venture may also be considered a
small business. Many ventures will be invested in by one or
more individuals or groups with the expectation of the
business bringing in a financial gain for all backers. Most
business ventures are created based on demand of the
market or a lack of supply in the market. Needs of
consumers are identified for a product or a service and the
entrepreneur and investors will proceed to develop the idea,
market the idea, and sell the product or service developed.

Entrepreneurship: New Venture


Development

Entrepreneurship: New Venture Development:


introduces both the theoretical and practical
concepts of entrepreneurship and new firm
formation. The module applies various theories
and approaches of the entrepreneurial process,
as well as the practical aspects of the intellectual,
physical and emotional demands associated with
starting a new business. The module is intended to
give a honest insight into the realities of
entrepreneurial activity and an understanding of the
role small and medium sized businesses play in a
modern economy. This may be via the creation of a
new independent firm or the organization of a new
enterprise within an existing firm.
If you already have or are working on an idea for a
new business, this module provides an opportunity
to develop, refine and test the idea or concept.

Describes economic development activity that is


focused on using best-practices and activities of
experienced business mentoring and pre-angel and
venture capital investing in order to help create
venture and angel-capital-ready firms which have
the promise to create significant economic wealth
for a region, state or country including
entrepreneurial wealth and jobs.
Venture development organizations typically are
organized as not-for-profit corporations. They may
manage for profit or not-for-profit seed funds. Their
sources of financial support are corporations, local
and state governments, universities, research
institutions, foundations, and individuals.

Stages of Venture Development:


Seed Stage
- Defining the concept of the business
- Gathering initial financial resources (friends and family)
- Building the prototype

Startup Stage
- Assembling the startup team
- Analyzing the competition, identifying customers and
Getting your first ‘customer’
- Going beyond the prototype to a truly saleable product

Early Stage
- Increasing the number of customers
- Raising ‘institutional’ money
- Recruiting a complete management team and
implementing the business

Growth Stage
- Focusing products on the mass market
- Expanding sales and marketing. Rapid revenue
growth
- Reporting relationships and authorities
- Developing systems of internal control (sales,
finance, development, support, etc)

IPO/Exit
- Formalizing the culture and rationalizing the strategy
- Going public or merger/acquisition

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