VenturX is for ALL early stages of Entrepreneurship
Did you know that 90% of startups fail in their first year? VenturX’s goal is to help early stage entrepreneurs beat the odds! VenturX uses benchmarks and metrics from granters and investors across Canada to help guide startups with a SaaS tool. There are different types of “Early Stage” Entrepreneurship broken down as follows. Let us show you how we can help!
1. How VenturX helps in the Idea Creation Stage:
Definition:
· You have thought of a name and what you want to build or maybe a couple of ideas of different potential startups
· You may have recruited interested co-founders
· You may even have business cards!
· You haven’t talked to potential customers in your target market and haven’t invested a lot of time and money yet.
Are you ready for VenturX? YES!
How VenturX can Help:
· VenturX can help you test out your early ideas! Check out this article for 4 MUST-DO steps while in the Idea Creation stage: https://medium.com/@VenturX_team/how-to-survey-for-product-market-fit-in-24-hours-2f79571ea5d4
2. How VenturX helps in the “Pre-Revenue” Stage
Definition:
· You are passionate about the idea and don’t know all the opportunities that are out there
· You don’t have any sales yet (sometimes said as no revenue yet)
· You might be busy building out your product or having a hard time finding those early adopters
Are you ready for VenturX? YES!
How VenturX can Help You Save Time:
· We help you prioritize which new features to build
· We track your early adopters’ pain points
· We free you up to work the other things on your plate!
· VenturX provides industry benchmarks to guide you along the path of success and increase your chances of earning trevenue!
3. How VenturX helps in the Funding Stage (Seed Round or Series A)
Definition:
· You are trying to gain funding from investors
Are you ready for VenturX? YES!
How VenturX can Help:
· We calculate your runway time so you know how much money and time you have to get funding and make that first sale!
· Gives you benchmarks and requirements for funding to best prepare you for success for investor presentations
4. How VenturX helps in the Ramen Profit Stage
Definition:
· You make just enough money to eat Ramen Noodles every day
· Officially launched startup but want more customers
· Already have your early adopters on board
Are you ready for VenturX? YES!
How VenturX can Help:
· Score test results from your market for early majority customers
·After helping you identify early adopters, VenturX guides you to your next target. you don’t want to waste too much money investing in the wrong market. We are here to help!
5. How VenturX helps in the Late Funding Stage (Series B-D)
Definition:
· You have closed Series A and are looking into more funding
· You are focusing on your innovative R&D and scaling your growth
Are you ready for VenturX? YES
How VenturX can Help:
·You can still use VenturX to test out new product extensions to make sure you are not cannibalizing your own market
“The reality is the Lean Startup method is not about cost, it is about speed. Lean startups waste less money, because they don’t use a disciplined approach to testing new products and ideas.” — Eric Ries, American entrepreneur, blogger and author of The Lean Startup, a book on the lean startup movement.
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About VenturX
VenturX is a web platform that helps entrepreneurs through their journey from idea to launch and beyond. VenturX uses data-driven analytics to score and connect startups and investors at Seed and Series A financing.
