Six Fundamentals of a Well-Built Venture

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Slide that showcases fundamentals for creating a well-built venture. Detailed explanations for questions raised within the slides can be found at http://www.venturecapital.org …

Slide that showcases fundamentals for creating a well-built venture. Detailed explanations for questions raised within the slides can be found at http://www.venturecapital.org

Entrepreneurs>New Venture Template.

Email Questions to info@venturecapital.org

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  • 1. The Six Fundamentals of a Well-Built VenturePresented by: The Wayne Brown Institute
  • 2. The Six Fundamentals• Innovation• Value• Persistence• Scarcity• Appropriability• Flexibility
  • 3. Innovation“Entrepreneurship is an act of innovation that involves endowing existing resources with new wealth-producing capacity.” Drucker (1985)Innovating acts endow old resources with new value “new combinations” which achieve wealth producing capacity when product and market are matched.Two Sub-questions are raised:• Is it a new combination?• Is there a product-market match?
  • 4. Value• Is there a net buyer benefit?• Are there margins?• Is volume sufficient?
  • 5. Persistence• Is it repetitive?• Is there a long-term need?• Are resources sufficient?
  • 6. Scarcity• Is it non-imitable?• Is it non-substitutable
  • 7. Appropriability• Is there no slack?• Is there no holdup?
  • 8. Flexibility• Is uncertainty minimized?• Is ambiguity reduced?• What is your level of Core Competence?
  • 9. Got Questions? You should.Get detailed explanations of the Six Fundamentals of a Well-Built Venture. http://www.venturecapital.org Entrepreneurs>New Venture Template Please email other questions to info@venturecapital.org