Chapters 1-4 each contain a section entitled Venture Challenge. Answer the questions for the following venture:
As we know, Valles Global Industries encourages its employees to research applications of 3-D prototyping. Imagine, as a research employee, you have invented a method of using a robot and a 3D prototype to make pizzas in pizza restaurant settings. Your robotic pizza-manufacturing cell replaces five employees in a pizza shop. After some discussion, you now own the intellectual property and have a leave of absence from VGI to make a go of this business. VGI has offered to invest your one-year’s salary and benefits as well in return for 10% of your business. (This means they will pay you for a year while you develop your start-up in return for 10% of your business.)
Discuss your business approach using the Venture Challenge questions.
Dorf, Richard C. and Byers, Thomas H. (2019) Technology Ventures From Idea to Enterprise, Fifth Edition, McGraw-Hill. ISBN: 978-1-259-87599-1.