Post on 07-Sep-2018
ChoosingYourPathClevelandJustis
ExecutiveDirector
Day2 Day3Day1
TheProblem(and Solution)
TechnologyHypotheses
MarketHypotheses
BusinessHypotheses
TheDeliverables
TheTeam
TheMilestones
TheInvestment
TheSummary&NextSteps
TheIdea(asapitch)
TheExperiments
AcademyScheduleMeetsCurriculum
DevelopmentGrants
(e.g.SBIR)
AppliedResearch
BasicResearch Stages ofventuredevelopment
NetCashFlow
StagesofventurefundingResearchGrants
LifeCycleofaNewVenture(onepath)
#ofNewVentures
CliffofCommitment
RecognizingopportunitiesDefiningtheproblemIdentifyingthecustomerTestingthemarketEnvisioningthebusinessDe-riskingthetechnologySettingthestrategyModelingthefinancesSettingthemilestonesBuildingtheteamCraftingtheplanPitchingtheventure
ValleyofDeath
Gen11st3-9Months
Gen2(startup)
Gen3(transition)
Gen4(business)
LifecycleofaNewVenture
DevelopmentGrants
(e.g.SBIR)
Friends,Family,&Founders($5-$50k)
AngelInvestors
($50-$500k)
EarlyStageVentureCapital
($500k-$2M+)
VentureCapital
($2M-$50M)
PrivateEquity,ProjectFinancing
($2M-$50M)
AppliedResearch
ProofofConcept
TargetMarket
BusinessPlan
WorkingPrototypes
FoundingTeam
EngineeringPrototypes
SupplierContracts
ProductionPrototypes
DistributionContracts
ProductIntroduction
BasicResearch
IPO,Merger,orAcquisition($2M-$50M)
RevenueGrowth
NetCashFlow
ValleyofDeath
#ofNewVentures Funding
ResearchGrants
Gen11st3-9Months
Gen2(startup)
Gen3(transition)
Gen4(business)
Manageforuncertaintyandcommitment
Manageforbuildingthecompany
Manageformarket,product
&processdevelopment
Manageforgrowing
thebusiness