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Startup studio

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Last Updated: 18 January 2022

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Logo Startup Studio - Vertical.png "Logo Startup Studio - Vertical.png", by Fadhila Hasna Athaya, licensed under CC BY-SA 4.0

As startup market has matured over years, so too have models for company acceleration and growth. New industries have unfolded nurture seedling companies and develop them from conception through to launch and eventual exit. These models include accelerators, incubators, VCs, angels, and now Startup Studio Model is unfolding as new approach to accelerating innovation. Accelerators for Startups come all flavors, from broad - stroke cohorts such as Techstars or 500 Startups to more niche accelerators focusing on specific verticals such as IndieBio. After competitive application process, accelerators will select cohort of Startup teams. Those selected will be put through boot camp for Startups, rigorous 6 - 12 week program that teaches founders to find product - market fit, develop marketing strategies, build investor decks and pitch their companies. In exchange for small percentage of equity ranging from - 12 percentage and possible small investment, accelerators prepare teams for seed investment from VC. Program Culminates With Demo Day After Which Startups Are Then Set Free To Spread Their Wings And Fly On Their Own. Incubators are similar to accelerators in that they provide and share resources for startups, but usually not any capital. Their financial models are based on membership fees that grant access to shared coworking space, resources and to other founders and operational expertise. Studios, unlike incubators accelerators, are specialists in idea generation. Studios can either start with idea or team first, They then set forth on path to validate idea and determine whether to take IT to market by passing through series of stage gates that will give Go / No Go decision based on key metrics and milestones. Studios, unlike accelerators, will take quite large stake in companies, up to 45 percentage and do not operate on set timeframe but rather stick with hitting each of stage gates until product - market fit is found and where passing last stage - gate indicates going to market. Studios are not new,. In fact, Bill Gross IdeaLab is one of first and most successful, preceding rise of accelerators. It has been testing ideas and spinning successful ones off companies since 1996 with over 45 IPOs to date. However, one of most famous and successful Studio exits is Dollar Shave Club, which was hatch out of Startup Studio, Science and was sold for $1 billion to Unilever. Science, like most start - up studios, takes hands - on approach to its investments that includes mentoring, strategic guidance, and access to operational resources. While each of these players in Innovation landscape brings unique approach, thesis, and methodology to support start - up growth, field of AI, in particular, is well - positioned to benefit from Studio Model. Because of their structure and gated mechanisms, Startup Studios may take longer to bring product to market, but along way have de - risked much of standard Startup founding process. Their advantages include: inception start with successful and experienced entrepreneurs.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Types

Office Cultural Biases: in - house or corporation Venture Studios are often subject to internal Cultural Biases within Company. Conflicting Perspective: Identifying solution and coming to on parameters could be both potentially conflicting and rewarding. As neutral third - party attempting to disrupt company internally, it may be difficult to identify impact. Risk, Compliance, and Legal Regulations: Corporate Venture Studios must negotiate for valid space to implement its operations, especially if it goes against traditional methods of how corporation runs its business. Ventures that are being housed under corporation may also be subject to certain regulatory standards of corporation. Thereby, setting of restrictions on what is / isn't possible to implement and test. Cookie Cutter Template: in exchange for speed, efficiency, and Scalability, some Studios take on practice of templating frameworks and products to leverage in other projects. Potential downside to this approach is cookie - Cutter templating could offset creativity. Status Quo Thinking: With most processes and production of deliverables standardize, limited time and bandwidth of available resources distributed across multiple projects can result in possibility of standard outputs and solutions. Essentially, there can be lack of out - of - box thinking that entrepreneurship is often equated too. < / Li > strict Criteria: Production Venture Studios maintain strict Criteria in types of ventures they like to partner with. For example, they may focus on products / services that align with specific agency or certain cause. With mobility of being production house, in certain cases, rather than taking equity, they may also perform Venture - building Service Fee. Production Venture Studios typically with startups or companies with revenue traction. Full - Stack: every full - Stack Venture Studio has their own definition of what types of resources are considered core and fundamental to growing venture. This, in many ways, both opens breadth of opportunities to work with various stages of companies AND, similarly, also closes scope of opportunities. Narrow in Scope: limited by resources, full - Stack Venture Studios have narrow scope in which they evaluate their Ventures and potential endeavors. They have specific metrics and criteria in who they decide who to partner with and what To market might look like. Inherit Company Culture: this also contributes to fact that culture of Venture Studio will also ultimately transfer into foundation of Venture itself. In many ways, visions of how Venture Studio is implemented and design, will also directly impact how Venture created out of it.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Overview

In grey area between incubators, accelerators and Venture Capital funds, there is entrepreneurship model that aims to build multiple companies in parallel. This concept has led to emergence of Startup Studios, which focus on creating companies from ground up. Startup Studio fosters creation of multiple companies per year, following repetitive process that leverages infrastructure of resources, multi - disciplinary team members and collaborative methods. Instead of working on one company at time, Startup Studios works on multiple projects simultaneously. They dedicate team to continued development of project, with hope of that project turning into startup and then into scalable, full - fledge company. This dynamic model is starting to take flight in New York, as number of studios have become major players in helping companies get off ground. But while all Startup Studios are working on creating companies from scratch, many have different approaches how they do so. Here is glimpse at how New York's most prominent Startup Studios actually work. Betaworks was early entrant into Startup Studio sphere, founded by John Borthwick and Andy Weissman in 2007. Studios focus on social projects, and operate as hybrid between investor and builder models. Betaworks has invested capital in fast - growing companies like Tumblr, Venmo, Kickstarter and Medium, and built notable companies including Giphy, Chartbeat and Bitly using its internal Human Capital. Betaworks is not service model, meaning that we don't offer space or resources in exchange for money, says Matthew Hartman, Director of Seed Investments at betaworks. However, for companies starting at betaworks, we have full - time data science team, designers, brand building capability, distribution and launch strategy, along with deep product experience and network of VCs who invest alongside us and founders we 've invested in who are building related companies. Companies that are built by full - time employees at betaworks get their start as which are first financed internally by Studio as products begin to receive traction. As these products begin to morph into their own companies, betaworks startups raise capital from outside investors, and eventually move them into their own space. Betaworks has found success in its mission to constantly build, walking line between project and product. We 'll have developers experimenting, putting something out there, and experiment again without need to formally call it company, said Hartman. If and when we see market pull, we 'll form company and team working on product will often become first employees and get large portion of equity. If we do see market pull, often project lead will begin working on something else or join one of teams that is gaining traction on their product. In comparison to small Seed fund, betaworks emphasizes its unique culture and - stack of resources. Studio is largely product focus, reinforcing idea that betas work.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

Sources

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions.

* Please keep in mind that all text is machine-generated, we do not bear any responsibility, and you should always get advice from professionals before taking any actions

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