The main difference between studio and accelerators and incubators are : the studio is a ( co ) founder and builder of startups – it’s not just about giving some money and mentoring . It’s about exploring markets , creating ideas , building them into products and companies .
A venture builder brings together its resources, infrastructure, network and experience to help entrepreneurs take their ideas from conception to scale, maturity and exit. This shared ecosystem works to improve speed and likelihood of success. It differs from the classic venture capital model, where investors simply distribute capital among ideas and teams, hoping one in five or ten might make it big. Venture builders bring a lot more than just capital.
Diversification and failure tolerance : If you run a regular startup , failure means the end of the road without right market validation and team. We are an idea generation and validation engine , and we help build stuff with the help of our core team that really works. It’s easy to trash out weak ideas if you have dozens.
It’s a hands-on model where experienced entrepreneurs work side by side with the company’s founders, and all businesses have access to a central pool of shared services, such as legal advice, finance expertise, talent acquisition and online marketing (all provided by the TurningIdeas Venture core team).
In exchange for all this support, entrepreneurs are expected to give up a higher share of their company earlier in the process. We typically expect to take the majority stake of any company we build in return of guaranteed success to entrepreneur/founder. This model has allowed us to stay nimble and create more valuable businesses that solve real customer needs, offering a higher probability of success for all involved.