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Unconventional Wisdom?
New CW: Ventures that flourish beyond startup can be headed by entrepreneurs who are also effective managers.
Stages of Growth
Startup Stage
From 2 to 7 years; most perilous stage, characterized by efforts of lead entrepreneur.
High-Growth Stage
In this, perhaps the most challenging stage, new ventures fail at 60% rate. Lemons ripen.
Maturity Stage
Key issue is no longer survival. It is steady, profitable growth.
Stages of Growth
$100 M+ $50 M
$25M
Startup
$3 M $1 M
High Growth
Maturity
Stability
0 3-4 Time (Years) Crucial Transitions: Sales 0-$3Million Employees 0 to 20-2525-75 Management Mode Doing
10
15
Exhibit 7.1
Exhibit 7.2
Exhibit 7.3
Exhibit 7.6