A lot of people don’t know about venture studios because they assume it’s the same thing as an incubator or an accelerator. They don’t know exactly what a venture studio does and helps with, therefore being unaware of its purpose.
Here we’ll talk more about venture studios and how they work.
What is a Venture Studio?
A venture studio, also known as a start-up studio not only provides finance to start-ups but also provides all the other important resources to grow.
While incubators and accelerators provide small forms of support, a venture studio takes on responsibilities fully and helps expand and grow the start-up.
Venture studios help provide the initial team, capital, and strategic direction for the company and are involved in day-to-day operations and every internal affair.
This is a benefit of going with a venture studio rather than the traditional accelerator or incubator.
Why don’t people know about Venture Studios?
Lack of awareness.
A lot of people assume that a venture studio/start-up studio is the exact same as an accelerator or an incubator. This lack of awareness is what stops people from choosing to work with venture studios since they already have it in their minds that it is the same thing. In reality, there are plenty of differences between them, and is also lately proven that venture studio models are much more successful than the old incubators and accelerators. The thing that makes venture studios stand out comparatively is that they provide a more hands-on experience with start-ups than incubators and accelerators do. This hands-on work involves them in decision-making, operations, capital funding, and providing resources and teams to work work with.
The term venture studio is fairly a new concept for some people, this brings doubt into their minds. ‘What is a venture studio?’ ‘Do they really help startups?’ ‘What exactly do they do?’ ‘Do they have a good success rate?’ ‘What kind of help do they provide?’
These types of questions will always arise when working with someone new. Venture studios are quite reliable and are with you from the beginning when the startup is still in motion all the way to the end once the company is established and running and working. After understanding what a venture studio does, it becomes clearer that it is a good way to go for a startup. Further, any doubts that are still in mind will be clarified and can help others learn more about it too.