“New ventures” is admittedly a vague term. While it includes startups, my main interest here is in new businesses launched by existing businesses. These might be geographical expansion businesses. Or businesses based on new products or services. But the main characteristic here is that it’s a venture. It carries a reasonably high level of risk that makes it different from just an incremental scaling up of an existing business.
This is all based on my experience in having worked numerous times on exactly doing this – launching new businesses for existing businesses. And also working in big corporates and running my own startups. But it’s a big world out there and I look forward to hearing about others’ experiences.
Anyway, let’s get this conversation started…