Fast Companies : Fast Venturing
- Topics:
- Innovation
- Tags:
- Accenture Ltd.,
- Venture Capital,
- Management,
- Investment,
- Internet,
- Financing Startups,
- Financial Services,
- Finance,
- Equity,
- Entrepreneurship,
- ...
- Source:
- Accenture
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Overview: Article talks about fast venturing that has proven to be a powerful force in getting dot-coms up and running quickly. However, if this entrepreneurial model is not used properly, the best ideas can be swept away. Fast venturing is a strategy to bring a new eCommerce company to market with the requisite scale and quality, and at the speed necessary in today’s hyper competitive Internet marketplace. More specifically, in fast venturing: 1. A new company with a distinct equity structure is chartered, 2. Equity funding is provided by venture capitalists. Fast venturing, like most things in life, involves trade-offs. Corporate managers and entrepreneurs alike must reconcile themselves to the reality that it means sharing ownership and control in the new eBusiness with others. Companies that have embraced fast venturing, however, have determined that because speed is the paramount concern relationships that can cut months out of a launch cycle are worth a great deal.
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Format: PDF | Size: 439KB | Date: Jan 2000 | Pages: 6




