Slide 8 of 51
Notes:
This is the time aspect of the model ... divides the process of venture development into 4 specific stages with clearly defined results for each stage.
Concept: develop the idea ... 1-2 people ... secure $
Seed: prove key technology works through breadboard, refine biz plan including market views
Product Development: really 4 stages ... plan and hire, design and build, alpha, beta. Ends with FCS.
Market Dev: 3 stages mkt calibration, mkt expansion (1st BE Qtr), steady state operation (6 consecutive BE qtrs)
[Stages are not related to rounds of funding (rounds only mean you need more $)]
