Product Adoption Lifecycle

VenturX is for ALL stages of Entrepreneurship

Did you know that 90% of startups fail in their first year? VenturX’s main goal is to help early stage entrepreneurs get beats the odds! VenturX is a Canadian company that leverages data and technology to optimize the entrepreneurial journey. There are different types of “Early Stage” Entrepreneurship that we want to break down and 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 recruit interested co-founders

· You even have business cards!

· You didn’t talk potential customers in your target market and didn’t invest a lot of time and money into the startup yet.

Are you ready for VenturX? YES!

How VenturX can Help:

· VenturX can help you test out your early ideas! Check out this article to for 4 easy steps to do that 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 (A.k.a. No Revenue Yet)

Definition:

· You are either going towards revenue or funding

· You don’t have any sales yet

· You might be busy building out your product or having a hard time finding those early adopters

Are you ready for VenturX? YES!

VenturX Entrepreneur Dashboard

VenturX Entrepreneur Dashboard

How VenturX can Help:

· We can help you figure out which new features to build out first and track your early adopters pain points for you so you can focus on the 1000 more things on your plate!

· VenturX gives you industry benchmarks to guide you along to the path of success and increase your chances of revenue!

3. How VenturX helps in the Funding Stage (Seed Round or Series A)

Definition:

· You are either going towards funding from investors

Are you ready for VenturX? YES!

VenturX Entrepreneur Dashboard Runway

VenturX Entrepreneur Dashboard gives real time Runway

How VenturX can Help:

· We manage your runway so you know how much money and time you have to get funding and to make that first sale! Let us deal with the boring day to day book keeping while you work on making that pitch deck stunning!

· Gives you benchmarks and requirements for funding to best prepare you when you go in front of those investors

4. How VenturX helps in the Ramen Profit Stage

Ramen Noodles

Ramen Noodles

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:

· Test for the early majority target market, after your early adopters you have several options for your next target and you don’t want to waste too much money investing in the wrong market. We are here to help!

 

Product Adoption LIfecycle

Product Adoption Lifecycle

5. How VenturX helps in the Late Funding Stage (Series B-D)

Definition:

· You have closed Series A and are looking into more funding

Are you ready for VenturX? YES!

You are doing great and are not right for VenturX. Our mission is to help the rest of the amazing new startups get to where you are! At this stage, you are ready to introduce new features or extend your product line.

How VenturX can Help:

· While you focus on your innovative R&D and scaling your growth, let us take care tracking your testing with your new product line or new features to ensure there is no market cannibalization!

“The reality is the Lean Startup method is not about cost, it is about speed. Lean startups waste less money, because they 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.

Let VenturX help you with accelerate your startup to market today. Sign up @ www.venturx.ca

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