Purpose
The purpose of this guide is to support and provide resources for PVCC EPS160 - New Venture Creation students.
Meaning of Venture Creation
The process of turning a new idea or technology into a business that can succeed and will attract investors: Potential entrepreneurs trying to identify a possible business idea, pay attention to everything in the media that relates to venture creation.
(Definition from the Cambridge Business English Dictionary © Cambridge University Press)
The Entrepreneurial Process
Courtesy of Duke University's Fuqua School of Business (Entrepreneurship Manual)
What is a Venture Capitalist?
A venture capitalist (VC) works with entrepreneurs to foster their growth and success in the marketplace. The VC brings money to the deal, and usually contributes a diverse array of assistance. They counsel in the development of products and services. They foster entrepreneur-industry relationships, including personal networking and business-to-business collaboration. And, the VC may provide management skills, including governance, training, and headhunting.
Fisher, Leslie R. "Venture capital: a start-up guide to electronic resources." Database, vol. 20, no. 1, Feb.-Mar. 1997, pp. 34+. Gale General OneFile, link.gale.com/apps/doc/A19079256/ITOF?u=mcc_pv&sid=bookmark-ITOF&xid=c252aee5. Accessed 27 Oct. 2022.
How do I Create a New Venture?
Take one step at a time & you'll be on your way to successful small business ownership.
Step 1: Go to AZ Business One Stop
Step 2: Do Your Research
Step 3: Make a Plan
Step 4: Plan Your Finances
Step 5: Choose a Business Structure
Step 6. Register Your Business Name
Step 7: Get Licenses and Permits
Step 8: Choose an Accounting System
Venture Capital Investors
When and How to Raise VC
EPS160 Course Competencies
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1. |
Define criteria for identifying and screening new businesses venture opportunities. (I) |
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2. |
Use an opportunity assessment process to identify a new business opportunity. (I) |
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3. |
Develop a personalized skill and experience inventory and relate the inventory strengths and weaknesses to a new business opportunity. (II) |
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4. |
Define the concept of a specific business start-up endeavor through the application of a variety of primary and secondary research techniques. (III) |
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5. |
Conduct an interview of with a successful entrepreneur, and communicate the interview results though a written report. (III) |
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6. |
Identify and describe the types of viable financing sources for the business. (IV) |
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7. |
Explain the marketing, management, operating, financing, and regulatory issues that must be addressed during the start-up phase of the venture. (V) |
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8. |
Define the legal and business issues to be addressed in the business start-up. (V) |
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Faculty - Information Science Division
Venture Capital - What is It?
Vc by Call Number: eBookISBN: 9780674988002Publication Date: 2019-07-09A major exploration of venture financing, from its origins in the whaling industry to Silicon Valley, that shows how venture capital created an epicenter for the development of high-tech innovation. VC tells the riveting story of how the industry arose from the United States' long-running orientation toward entrepreneurship. Venture capital has been driven from the start by the pull of outsized returns through a skewed distribution of payoffs--a faith in low-probability but substantial financial rewards that rarely materialize. Whether the gamble is a whaling voyage setting sail from New Bedford or the newest startup in Silicon Valley, VC is not just a model of finance that has proven difficult to replicate in other countries. It is a state of mind exemplified by an appetite for risk-taking, a bold spirit of adventure, and an unbridled quest for improbable wealth through investment in innovation. Tom Nicholas's history of the venture capital industry offers readers a ride on the roller coaster of setbacks and success in America's pursuit of financial gain.
Books
Entrepreneurship and New Value Creation The Dynamic of the Entrepreneurial Process by Call Number: ebookISBN: 9780521855181Publication Date: 2007-11-22
The Investment Handbook: A One-stop Guide to Investment, Capital and Business : The Essential Funding Guide for Entrepreneurs by Call Number: eBookISBN: 9781787197909Publication Date: 2019-10-01
Entrepreneurship: Starting and Operating a Small Business by Call Number: EPS/GBS RESERVEISBN: 9780133934458Publication Date: 2016
- Capital Investment eBooksCheck out Capital Investment eBooks from the eBook Academic Collection (EBSCOhost).
- Capital Investment Books (MCCCD)Check out Capital Investment books from all of the 10 MCCCD colleges.
- Venture Capital BooksCheck out Venture Capital books from the all of the 10 MCCCD colleges.
- Venture Capital eBooksCheck out Venture Capitalism eBooks from the eBook Academic Collection (EBSCOhost).
What are related terms for New Venture Creation?
Venture Capital Glossary
Glossary: Startup and Venture Capital terms you should know
Glossary: Startup and Venture Capital terms you should know
The startup world operates on a lot of lingo. This guide will give you a better context to understand the language of startups, venture capitalists, angel investors, and incubators.
Business Valuation Glossary
Videos
Something Ventured: The Story of Silicon Valley's First Venture Capitalists -
This is the story of the creation of an industry that went on to become the single greatest engine of innovation and economic growth in the 20th century. It is told by the visionary risk-takers who dared to make it happen. SOMETHING VENTURED also features entrepreneurs sharing how they worked with these venture capitalists to grow world-class companies like Intel, Apple, Cisco, Atari, Genentech, Tandem and others.
Silicon Valley - Directed by Randall MacLowry, 1963-; produced by Randall MacLowry, 1963- and Tracy Heather Strain, Film Posse, in American Experience (Arlington, VA: Public Broadcasting Service (PBS), 2013), 1 hour
Cold - Directed by Julian Jones, fl. 2005; produced by Julian Jones, fl. 2005,Nutopia, in How We Got To Now, Episode 5 (Arlington, VA: Public Broadcasting Service (PBS), 2014), 55 mins