Venture Capital:
Venture capital means to provide money by investment companies known as
venture capital firm for startup firms and small businesses that are seeking
funds to cover operational expenses until profitability is achieved. The firm
may also focus on rescuing established firms that are in financial trouble but
demonstrate some potential for become profitable again after some retooling. It
operates for the sole function of handling investments in business ventures
that may be considered high risk. Although new companies present a high level
of risk, they also have the potential for rapid growth and consequently high profits
if the new business is successful.
Some venture capital or risk capital companies use their own funds to
lend money to companies, but most of them raise capital from other financial
institutions, some rich people, who banks call high net worth individuals, and
who we call angels or angel investors also invest in start-ups.
Entrepreneurship :
So you have an idea?
What’s next?! The process of turning an
idea into a commercially viable success does not happen overnight – it requires
one to think like an entrepreneur. Perhaps
the knowledge and characteristics that make a successful entrepreneur can be
summarized in two words Angry Birds.
In the game, players launch birds at structures with the goal of removing the pigs on the playing field. As you move through the game, new birds appear that have special skills and abilities while the structures become more complex. When think of successful technology entrepreneurs words like determination, passion, decision-maker and self-confidence come to mind. Entrepreneurs are unique, like the game Angry Birds. They have laser-sharp focus on what they want to achieve, which is driven by passion for their idea and determination to succeed. Successful entrepreneurs have an ability to make clear and concise decisions in a short period of time and are willing to adapt and change to new environments.
In the game, players launch birds at structures with the goal of removing the pigs on the playing field. As you move through the game, new birds appear that have special skills and abilities while the structures become more complex. When think of successful technology entrepreneurs words like determination, passion, decision-maker and self-confidence come to mind. Entrepreneurs are unique, like the game Angry Birds. They have laser-sharp focus on what they want to achieve, which is driven by passion for their idea and determination to succeed. Successful entrepreneurs have an ability to make clear and concise decisions in a short period of time and are willing to adapt and change to new environments.
Your entrepreneurial
skills can go a long way to launching a successful business, yet it is not
enough. Clearly identifying the problem
your idea is solving and researching your target market and potential competitors,
are the foundation to commercialization success.
Success story (Angry Birds):
On March 10 the creators of Angry Birds (Rovio studios)
announced that they had taken $42 Million in funding. They currently hold the
record for the bestselling iOS game ever. There is talks of a movie being
produced featuring Angry Birds. You can already buy stuffed animal versions of
the birds.
As Wired Magazine eloquently put it: "Every day, users spend 200 million minutes 16 years every hour playing the mobile game. Three trillion pigs have been popped. It has filled billions of those interstitial moments spent riding the bus, on a plane or in important work meetings, and it is or has been the number-one paid app on iTunes in 68 countries, as well as the best-selling paid app of all time."
There is no denying that Angry Birds is a culture phenomenon, but one thing it’s not is an "overnight success".
Did you know that the guys at Rovio spent 8 YEARS working on other games before they finally caught a huge break? That takes dedication. For almost a decade they didn’t have any big wins. Sure they had some small to moderate success early on, but nothing massive. Heck when Angry Birds came out on the iOS app store sales were pretty slow for the first 3 months. The Rovio guys believed in their product and kept their nose to the grindstone. Through an iterative process they were able to grow Angry Birds into the massive success that it is today.
"Over night success" is often idolized in the startup world, but sometimes the glamor is based in myth rather than reality. Show up and work hard each and every day and remember that you’re getting closer. You can’t have a breakout hit if you never show up.
As Wired Magazine eloquently put it: "Every day, users spend 200 million minutes 16 years every hour playing the mobile game. Three trillion pigs have been popped. It has filled billions of those interstitial moments spent riding the bus, on a plane or in important work meetings, and it is or has been the number-one paid app on iTunes in 68 countries, as well as the best-selling paid app of all time."
There is no denying that Angry Birds is a culture phenomenon, but one thing it’s not is an "overnight success".
Did you know that the guys at Rovio spent 8 YEARS working on other games before they finally caught a huge break? That takes dedication. For almost a decade they didn’t have any big wins. Sure they had some small to moderate success early on, but nothing massive. Heck when Angry Birds came out on the iOS app store sales were pretty slow for the first 3 months. The Rovio guys believed in their product and kept their nose to the grindstone. Through an iterative process they were able to grow Angry Birds into the massive success that it is today.
"Over night success" is often idolized in the startup world, but sometimes the glamor is based in myth rather than reality. Show up and work hard each and every day and remember that you’re getting closer. You can’t have a breakout hit if you never show up.
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