Startup studios are interchangeably known around the globe as venture studios, venture builders, or company builders. These venture builders are getting a lot of attention these days. If ten years ago, there were fewer than a handful, today, there are more than 500.↗
Some corporations, including Google, Cisco or Axa have successfully developed their own “venture studios”, launching numerous new businesses over the course of several years. However, most of these ventures once validated are spun-out and not developed internally. Netflix spun out its “Netflix Box” division, which became Roku -- a company that now has a $4 billion-plus market cap. Fog Creek Software (now Glitch) spun out Trello and Stack Overflow. Cisco spun out -- and subsequently acquired -- three different startups from the same group of founders. However many more had tried but failed to deliver the expected results and had their units closed.↗
In this article, we’ll explore the first phase of the venture building process - a 2-3 months venture validation sprint covering the building blocks of start-up creation: idea generation, validation and pre-launch execution. This process is designed to quickly identify, validate and test new concepts and de-risk the chances of failure when scaling the business further.↗
Venture builders are getting a lot of attention these days. Some even refer to venture building as “the new model for entrepreneurship”. So what is a startup studio? How does a venture building studio compare to accelerators and product development agencies? What are the different types of startup studios?↗
The research, unique at the European level, highlights the “media for equity” investment as an effective solution for financing “direct-to-consumer” startups and a promising alternative for media organisations to increase profitability for TV stations that are facing digital disruptions.↗
The fast pace of the modern world is a big challenge for everyone, especially for businesses. Why?↗
When you don’t strive to innovate, you no longer have a team working for you. You’re actually in charge of…↗
DPH is an established company that has pinned down its service-related departments, processes, and procedures. Their capability to custom print their customer’s brand on a vast portfolio of non-branded physical products has been validated and is generating revenue and has year-on-year growth.↗
The adoption of corporate venturing has expanded globally. These are external innovation activities undertaken by corporations to help them gain insights into non-core markets and access to capabilities including investments in startups (CVC), acquiring other businesses (M&A), partnering with accelerators/incubators, or building their own opportunistic ventures.↗
We knew that the tech startup ecosystem is lacking sales departments inside the fresh-founded companies. Together with Grai we defined a venture structure, services, and technology that proved to be what the market needs. With Grai's experience, venture building systems, and processes we launched the new business in 6 months.
When deciding who to work with we met two camps: people who said they could do everything we said we wanted, and then Grai, who came with a real process and a methodology about how to achieve what we wanted. We were faced with the challenge of turning out tech conference of 1000+ people into a hybrid event and increase sales. – and Grai’s digital strategy approach was the perfect match.