The Three Legs of the Venture Stool
The three legs of the venture stool are entrepreneurs, customers, and investors. They are the basis for a convergent ecosystem. Their relationships test the economic viability of new products. A successful entrepreneur thrives in this dynamic ecosystem. Novel products should meet the needs or adapt to the wants of the customer. The investor will bring their resources and network to help make a profitable company.
The information presented herein is from my career experiences as an inventor, entrepreneur, and investor. The process of developing a successful product requires creativity and execution. Creating a concept, making a minimum viable product (MVP), demonstrating customer demand, and finding ...
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