Venture Management Firms

Venture management firms provide their venture clients with the necessary capital, interim management support, and relevant resources to achieve business tractions for the company's product or service. Donald King and Robert Thornton define venture as an abbreviated word for “entrepreneurial adventure” and a venture management firm as “an organization initiated to capitalize on new products and markets. The objective of venture management is to launch new businesses. If ventures are related in some way to existing businesses they must be dissimilar from, and not direct extensions of, existing operations.” By way of example, if Coca-Cola introduces a new soft drink, this is not a venture. When DynaShot Corporation, an emerging entity, comes out with a new process for more rapid printing of three-dimensional photographs, this ...