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
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Six Fundamentals of a Well-Built Venture
1. The Six Fundamentals of a
Well-Built Venture
Presented 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?
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