We've been fine-tuning our venturing business model over the past few weeks, and happy to share our top 5 key findings 🔍
1. Venturing is inherently complex, not because we like to make it complex, but simply because it is 💡
2. Standardization plays a crucial role in your approach. It enables you to offer a precise value proposition to your investors, ventures, and internal organization 📊
3. If you're not into business modeling as a studio founding team, it's best not to embark on studio venturing. Alongside the venture building, of course, it mainly revolves around portfolio management. Effective portfolio management requires a solid business model allowing you to gain insight into the sensitivity of those parameters that matter most in order for you to track and benchmark them 📈
4. Audacity is essential (yes, this shows when doing a venturing model exercise). Maintain objectivity and dare to take bold decisions. Leaving matters undecided compounds to wasted resources, which is never ideal in any business but certainly not when given the limited timeframe of your fund. 💪
5. Take a step back and reflect 🤔. Although this one may seem out of place in this list, it's crucial. When you're involved in building multiple ventures, managing a team, and tracking multiple parameters, it's valuable to periodically zoom out and reconsider your path forward. The ideal venture profile that worked yesterday may not be the right fit today, let alone tomorrow. ✨
We'd love to hear about your experience with starting/running a venturing studio. Share your thoughts! 💬😊
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